Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-05-30


TIE Times In Boston, a mercantile house
received $500 in pei money from the govern
inent one day, and the very next offered The
very same money to pay bond of about The
same amount. IN tUoHld not be recciueN Thus
Government would not take the same money
it paid out, The samo course was pursued at
Ncw-York, Pmoddpha and Baltimore, and
the consequence was that the merchants let
their bonds lie over Tor suit, after rendering
pei monty
The Bunk Of America, IN. Yo,k, re.
eeiyed the French indemnity in gold, and tie
owners demanded their shares in gold but the
bank would pay nothing bu Heir oion ills
The secret is, that the gold was worth twenty
per cent. premium, SO the bank pocketed the
premium for the gold and paid eff the CLAM
ants in their bills. This bank of America is
the pet which was to supply the place Of the U.
S. bank, and regulate the currency and ex-
changes
A poor widow in Boston, depcsJeni for
support upon a son in Notchez, received from
him 500 bill on the Noichoz pet bank she
could not get pound Of beef or mess of
greens for it at the Boston market, and was
finally forced 10 sell it 20 a shaving broker for
.fve dollars! A beautiful specimen &C The org
promised "beiter cuuencyW
On the 18Th six of the NV Orleo banks
suspended payments on the 9Th tie Missis-
sippi and Tennessee banks; on the | lib the
Mobile banks and on The 19lh the N York
banks. Some folks are silly enough 10 charge
the stopporo Of The N Y. banks to political
combination. l,e; tie fact that the Southern
and Western banks preceded them he the re-
ply TO the Infamous suggestion. And il that
there was not SO much specie in the n. Y.
banks on the 18th as was drawn out Of those
banks on the tlih of May. Had they contn.
ued, then, another day, they would have been
dfained, and compelled to stop all business
and force collections as soon as possible. Ne
cessi'y compelled The banks, as well as the gor-
ernmeni, 10 stop payment
There cau probably be no distribution Of the
surplus on the LIST Of July. here is the sur
plus wnore3 Al! Mr. Woodbury., what
long tail must be added 10 the list Of g una
raiia6ie funds -
Tho Haverhil (Mass.) Gazette states ;hat
2OCO persons have been thrown ont OF employ
in hat place alone, many Of wnom ar. suffer
i - for the want ,eaa.
Some Oni.bi men lake the present occa
sion H. 20 curse the banks. Lei
tuen rem N hat optr-Jaqking, brought
about by lac p icy OF Jackson s. Co. is the
root OF the ev multitude Of banks, withou
aTegulatOr TO click and control them--to kecl
iNas' from oyer.i 81 s, and y ocuating. JUS
so i will b., unless t!.C7e j. 81 cWu5fv g as
prcme power TO regulate the banks. As wei
might this nation expect 10 prosper wilhou
one grand, central, national government, as tn
banks expect 10 be sa e and sound without
power 10 regulate them. is proposition t
y destroy the Stale gorernmeats and return to
state q nature, would be preposterous, did W
have no national government, and were W
anxious TO re edy the evils Of such a state
equally prcposterous is The idea now Of des
- troying all the banks. We should Instant
be thrown into lo'cer deep: every man woul
be his own banker and issue his own pape
money. New-York Just now is holding out
beacon to warn us Of the danger of such an Il
A l., e .I,,t al
Of small bills the consequence is that eve
- tavern keeper and grocer issues bills Of 8, /
%, 90 cents and dollar which are O f cour
= as plenty as flies in hy-time. Tho barbe
! have admirably hit of the times by .heir bill
. which read as follows:
l., THIS is GOOD 70 THE REAREE ron A SHAVE
le On the l7h, II families went to the 20
&c house in Lynn, Mass.
+ The Governor Of Virginia has called a sp
N cial session of the legslai ,rs on the 12h Jun
"Ihe hair Of The same dgg'-toon't cure,
-, guess. In Alabama they are asking r,r ! m
d lions more Of banking capital
I'd The n. Y. State stock of SO, COO, 900 to ca
D ry ON TIE Black river canal, won't acIl SO t
r work must probably stop.
As yet Vermont has iet comparatively III
D. ff The pressure. She neoer, by a state or n
IS tional vote, has couHisnanced the ruiaOus CON
- Of The Nat .onaE government; and she ought
by be exempt from punshmen'. The election
en- Gen. Fletcher was her worst act, but we )
Isl hope ey N that will no. prove very bad OF
d, The banls in Aontrcoi ~ Orohoo 10