The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1837-08-26
GENERAL 'JACKSON'S LETTERS.
We repubrsh the following letters, from Gener-
al Jackson to the editors Of the Washington Globe

A'NhA JhChOOIN - LIE L Ems.
We republish the following letters, from Gener-
al jackson to the editors of the Washington Globe.
HERMITAGE, July 9, 1897.
Now is the time to separate the govern
nent from all banks-receive and disburse
The revenue in nothing but gold and silver
coin, and the circulation of our coin through
all public disbursements will regulate the
currency forever herealter-keep the gov
ernment free from all embarrassment, while
1t leaves the Commercial community to trade
upon its own capital, and the banks TO ac-
commodate it with such exchange and cred
1t as best suits their own interests-both
being money making concerns, devoid of
patriotism, looking alone to their own in
'lerests, regardless of all others. 1t has
been, and ever will be, curse to the gov
ernment, to have any ENHANCEMENT or in
terest with either, or more than general
experimenting care OF all.
But the commercial community hitherto
has been fostered by the Government, to
the great injury Of the labor Of the country,
until the mercantile aristocracy, combined
with the banks, have assumed the right to
control and manage the Government, as
their particular interest requires, regardless
of the rights of the great democracy of
numbers, who they believe ought to be, and
they are determined they shall be, hewers
OF wood and drawers of water. repeat,
that am proud to see the firm and noble
stand taken by the Executive Government
on this occasion. The people are with it
and will support it triumphantly.
''The history ofthe world never has re-
Ia1 l. H. 1 L
has been committed by the deposite banks
against the Government, and purely with
the view of gratifying Biddle and the Bar
ings, and by the suspension of specie pay
inents, degrade, embarrass, and ruin ifthey
could, their oaOn country, for the selfish
views of making large profits by throwing
out millions of deprecated paper upon the
people-selling their specie at large premi-
uns, and buying up their own paper at
discounts or from 25 to SO per cent. and
now looking forward to be INDUCED in these
speculations for years to como, before they
resume specie payments.
HERMITAGE, July 90, 1887.
My Dear Sir: have Just received the
Globe of the 18th, and am pleased to dis
cover from it and other papers that the de-
mocracy are uniting upon the plan of separ-
ating the Government from corporations of
all kinds, and to collect the revenue, keep
and disbdrse it, by their own agents. This
alone can secure safety to our revenue, and
control over issues Of paper by the State
banks. The revenue, reduced to the real
wants of the Government, payable in gold
and silver coin, mo credits, to be disbursed
by the Government in gold and silver, will
give us an undertaking metallic currency;
prevent hereafter overtrading, and give
prosperity to all branches of business,
whilst the banks and the commercial COM
munity will be left to manage their exchar-
ges, and all matters between them, in their
own way. hope and trust that the whole
democracy ofthe whole Union will unite in
adopting these measures, and the democra-
cy of numbers will never have another con-
test with the aristocracy Of the few and their
paper credit system, upon which they at
present rely to rule the country.
| hope no Treasury notes will be issued
The Treasury drafts upon actual deposites
are constitutional, and do not partake of pa
per credits as Treasury notes, which aIe
subject to depreciation by the merchants
and banks, and shdvers and brokers; and
will be, if issued, and the Government
cannot avoid it. Different must it be with
Treasury drafts, drawn upon actual depos-
its; and from the conduct of the banks and
the merchants, they deserve no fav0rs from
the Government, which they have attempt
ed to disgrace, and to destroy its credit both
at home and abroad. 1t is the great work.
ing class that deserves protection from the
frauds of the banks.