Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1837-08-01
NUMBER 81.

breaking down o, tins iusiuu,icu and n,owed IL.
do no, see the state of ihtes nov with any moro
certainty iban loicsaw It then. | O, least have
not boco tun.bucpcd. "a Iaeqb.l Now /. the
time Co. go hsck, ouj sec who Tho bank hire.
Hng. %, hauk advocate lct men clauor much
as lbcy mav.
! vas oppo.c3 10 on The measures orthc late aJ-
r,ir-toliou, bauoc reference TO the regulation
vfllc ,uucncy. from lhc word 70. The late Pre-.
sdcnl ortac United State. msn Of high purpose.
s6iur1; nhsc-7tu'.-t Id euuoHs insvr'neycr OUTS.
TUNED. said Ia 1882, lie could submit plan by
which thc moncycd concerns of the government
would lee much better conducted aud earned ON.
From that lno ihc experiment" has been IN pro
gross. aud what docs II prove why, that gtcni
a soldier as be was he vas mistaken in his powers
fnaucict aud that the country Is now ina
condition far wufso thsn It was then. Instead Of
lhc Bank Of lbe United States he has given us III
Vulnerable state BANKS, deposilorics Of the pub
lie treasure. who act in no concert save the agree
mrnt simultaneously To bceomc bankrupt A
laugh Whether They viii be M unanimous TO
resume specie payments remains 10 be seen
The government is The great receiver and dis
burser oi the money fthc country. aud IL gives
character 10 The currency. It's effect on the cur
rrtcy is similar to The flowing your rivers. Your
/ Illinois aud Upper Mississippi 1uw on. I'LL the
mighty Missouri, with it's volumn of Wstor pours
~ aud gives to all its own character aud force Alb
sorbng ~ its course the Wabash. the Ohio, and
/ the ct hers That empty ntoi while IT putsucs I's
/ fcslsilcss way to the ocean. Thus there must be
/ a controlling power to direct aud gl,o force and
efficiency TO the yurlous state banking institutions
IN our government. Such nm one the Bars
OF the United States. aud If The government REJECTS
IT, It must find out better way. On this subject
a ltlc experience is worth more than financial
qrgumcLi.
For forty wears, while we had national bank,
We had the beet currency on cnrih. Does any
man here want better orc ? For 40 years !
repeat ont OF As since the organization Of our go
! vcrnmont. Wha, have the eight years been y
/ Here is one Of them. Ammo Donini 1887. A
laugh.1 1879, l3 oud IA three more of
them,
hold in utter contempt tho understanding oS
men who upprchend danger from national bank
guarded by proper restrictions upon s charter
| What did they do, who opposed ITS fc'c charter.
when ihcl succeeded IN destroying The last They
| went home and created new backs to the amount
of ten times H. capital
Gentlemen ! was opposed to all the late ncUs-
ures Of The government in reference to the currcn-
cy--to the breaking down Of tho United States
l}ank-io the removal of he dcposilc4 to tho spc
Gle crculaf--nnd to all the circulars which hive
issued from the same source. | thought that
der the old system we were doing well enough and
was willing TO let weii enough slonc. Bat what
have We got IN the place of il think We have
got bad ,uough. A lnugh.l
Gentlemen, you know nothing here Of hard
times you cannot know them. Go TO the com
mercIa cities, where men with n handful of notes
from your very best merchants and land-holders Of
the west, 60 TO the brokers and offer them seed
nty, at - per cent. dlscouni for The loan Of sums
to meet bank engagements and falling Ia get bcu,1
cashed. are The mex, hour hankropis. Go to the
manufacturing villages of New Epglsnd " here you
came from, and YOU will me ohaBcs and mHnW-
fscrurers. who have scnt ont to the south and
south west their wares and goods. receiving back
agoln the they hpd sent out for collection and
upon the payment OF which the depended for lrchd.
ETocufion. ttry ruin
We have at the east diving, dcsolating wind.
that sweeps over our htlonlic srhtes called the
oost naG that oiitimes extends itself to the base
Of the Alleghames. Bot i, seldom passes that bar
ricr. We; you may no. escape ils balofcl inhu-
ence here.
lia0 desired gentlemen, on leaving home, not
to obrude my political opinions any ono. But
events have occurred since commenced my jour-
uey. which make It proper that should not con
ccal nv opinions when called on. ] an public
uan, md have public duties 20 perform 10 the great
crisis which our country Is approaching. ] dosIto
10 nan 10 think with me, os ! shall always most
certainly think (or mw,E know not what
ure Of relief The executive may have 10 propose
but am prepared IN ny person to suffer oil
the evils 81 dofangcd currency. raihof thaa gse
my ed TO the establishment Of treasury bank
ahcl .holl give 10 the government unwsFfantee
power. Yes better will Il be for aid iDr you
~ rndufe ten Times mach. aud 10 endure II for
cser; wee rather perish credit, perish commerce.
than 10 confer the executive unconstitutional
power. dangerous 20 oUr liberties. lCheefs.
Geuilenlpn kno~ not bow long lhis siste of
ihincs Do 70 lsst. Bon % cannot be got oter speed
sly. Yet do aot despair Of the country. J: -
young. sHoug aud rch. ond can bear any tL'ng save
too much prosperity.
For your kr1 hospia-tss. genlemen, agsin
lhabk YOU and tfusl shai. one day see yoa 30 err
cUunstsnccs css threatening Than those which now
sNait D. bnd thar ne measures Of your prosperity
may tDeu be completed.
. National Coartaitos TIE New York Gazette ssys-
I'VE learn that ca flr c9hseni0u Of La iuHor'' nssh