Western courier. [volume] (Ravenna, Ohio) 1837-1838, 1837-05-11

estimated especially Aiiosc vesting mo.
ney manufacturing p'wcrs in irrcsrons.'
be men; aud such is the public feeling
on tic 81 ct, brought about by The pub
lie suffering, that il petition for nt7o
bank were offered to some oil our State
Legislature, il wauil be kicked Gu, of the
! house as an insullto common decency and
com non sense. The effect Of this feel ng
will be to bring US back to the state we
! were in in about ten years ago, when
bank was considered as the ohhosi'e Of
of bankrupt though the terms now, Ct
banking and bankruptcy, are so nearly
Synonymous
Oar private letters from New York,
Pennsylvania, Kentucky. and Ohio, espe-
cialIy, az well as some from Delaware,
Maryland, and Tennessee, detail! cases of
hardship and misery such as never be-
fore were witnessed in any part Of the
United States. except Just al the period
when they were passing from revoiu.
tionary government to the present system
of things--wl.en patriotism ceased to act
10 favor Of confidence. and dark suspicon
and suspense c!ouded almost every m.ii's
brow. We Lear that those who lately
were independent farmers, arc involved
in debts; that they who hitherto purcha1.
ed lands with cash, the prcduct of their
industry, are driven fiom their homes by
borrowing money that they did not want,
or by putting their names to pieces Of pa.
per, to oblige neighbor, for forms SAKE!
They who had money to lend. eight or
ten years ago, and who ought to have
had an excess OF il now, are those On
whom the "systcm" most severely pres
Ses--those that were aq pillars Of the in
dependence Of their country, are the chief
victims Of unprinciplcd speculation and
uubiushing fraud lhe nctsries and sher-
ifs are as busy as Old Nick in gale of
wind" riving and tearing honest men to
pieces, and sacrificing property for less
tlan the half Of its value-icss, than a
four h Of its cost,
The widow and the orphan, tco-the
aged and the irhrm, who vested their
money in banking Institutions to derive
support from it, are among those who
suffer mns'. They eonGded in villains;
their r4nds have been sqnandered ; and
those who were com Portable are reduced
10 penury.
But let US take courage the shook,
we hope, is nearly over; the further pro"
gress Of roguery will he impeded by the
whio7v'S curse Our county has an as
tonishing elasticity, and we want netting
but emhioyment by which to earn money
enough to relieve the general cmbarrass.
ment. Two or three years Of profitable
industry, anl prudent economy, would
nearly bring us back to the state we were
in before the banking mania began to
rage-but all is lost, our suffering will
result in M good whatsoever, if we give
way 10 the creation Of a new rag system
There is u, safety TO the people but in
considering specie as the basis of their
transactions, and we shall have a enough
Of it for all useful purposes, under wise
administration Of ourpub!c concerns and
individual circumspection.
We shall not now have room to no'ice
the proceedings Of our banking ins,ilu-
lions 50 much at large, as heretofore -
We have dons our duty in respec. to
ihem and the people will do theirs -
They will pe.scvers n the reformation so
happily begun, and the result will be
SAFETY. The welt>managed banks will
he suppo,ted- such as are auxiliary to
the public good will be preserved. and the
rest disappear-and ell of us learn to es'
teen, as We ought, the Importance OF tho
truth, that money borrowed must be re-
turned. We have, however, something
to say respecting the Bank Of the United
Syaes. which, at the proper ,ime, VIC shall
not fail to do with our usual freedom.