Western courier. [volume] (Ravenna, Ohio) 1837-1838, 1837-06-22

MtSrepTeSeTfaI0tS, e'Sht ol WHICH "'o
downright Jalschoods. The following is
the article entire:
My humble efforts have not been sp'red
during my administration Of the government.
TO resture the constitutions currency OF gold
and silver, and something, trust, has been
done, towards the accomplishment OF this most
desirable obj ct'- (Jackson's FarcweH AGdr Ss)
MMENTARY.
The "hunble efforts" Of Gen. jackson "to
restore the constitutions currency Of gold and
srlyer'' has produced the following results be
tween the first of January 1886, And the first
OF January 1851:
/. The Grentnn Of ;iree !undrrd new
banks, besides one hnaured and fry SIX
brapches.
2. A. Increase Of the banking capitul 't
the country If one hundred and seventy nIEc
mi'lio of d,lars.
3. An Increase in the circulation Of pnl er
mnney of one hundred and twsnty three and
a haif millions of dollars.
4. An increase in the depcsites ol ninety
eight millions Of dol ars.
S. An increase in the loans and the dts"
counts Of tkre huLdrcd and ninety-e'Bh'
millions OF dollars.
- Sine. the first of January last a very u
siderable number Of banks have been ch r'er'
ed in rhe different States, and large addiu rs
have been made to the caHitai OF o'he s. lhe
circulation Of paper money has been proper"
t!onab|y increased.
What has been the result o. the "e1pcri'
mcnti'' Fly breaking down 'he United States
Bank and distributing the derosites among the
Pet Banks, whoss owners were admin s'ra'ioh
men, a banking mania VS. ensendere y o9
the temptation Ii. Id cat cn the part OF 'h'
government Of getting hold OF the PUBIC
money wi bout pay Ing interest for IT. Hehce
the creation Of SO many new banks, the aug
menlation Of banking capital, ami hence The
increase in !he circulation eff paper money,
without an sdequate specie bass
lst. The efforts Of General Jackson to
restore the constitutional currency gold
and silver have NOT produced "thc croa-
ton of three hundred new banks, besides
156 branches"
I'd. They have NOT produced 'an IN
crease Of the banking capital of the coun-
try of one hundred and sevcnty-nlne
millions Of dollars"
Sd. They have NOT produced Can in
crease in the circulation Of paper money
of one hundred and twenty-threc and a
, half millions of dollars"
4th. They have NOT produced 'an in
crease in the depoytos Of nincty-eight
millions of dollars
5th. They have NOT produced IAN in
crease in the loans and discounts ofthrce
hundrcd&ninety-eight millions of dollars
"Since the first Of January last, very
considerable number Of banks have beer
chartered in the different States. and largo
additions have been made to the capita
of others" NOT by Gen. Jackson's ef-
forts 10 restore the constitutional cur
rency.
"The circulation Of paper money has
been proportionably increased" MOI
BY Gen. Jacksons efforts Ia restore the
constitutional currency.
"By breaking down the United States
Bank and distributing the depositos among
the Pet Banks, whose owners are admin
istration mcn,* banking mania was
NOT "cngcnderod, by the temptation
held out on the part of the government o
getting hold Of the public money withou
paying interest for it."t
Let us recapitulate. "Thc creation o
three hundred new banks, besides on
hundred and fif1y-six branches-an in
crease of the banking capital of th
country Of one hundred and sovcmy-nin
millions an increase in the circulation
of paper money Of one hundred and TWEEN
ty-thrce and half millions Of dollars
are the results of the efforts Of Genera
Jackson's cndcavors to restore the con
stitutional currency" says this fedora
opposer of the laws. Now, let us know
if YOU please, what has increased tn
number of banks in England and Wales
during the same time. We subjoin a
extract from an article in the Edingburg
Review, for April, which will pcrhap
show this redoubtable Editor and his reae
ers, that England, with national Bank
without any "cf"rts to restore const
tutional currcncy"--is now cursed wit
< the same evils as Amcrica-an cxtendc