Vermont telegraph. [volume] (Brandon [Vt.]) 1828-1843, 1837-05-24

THE TIMEs.-We have nothing to say as
partizan politician-nothing as fnancier.
In the present condition of the country,
however. We have word to offer as patriot
and p. ttthropist. Leaving causes and
effects, thu, relative to the present crisis in
the money matters Of the nation, to those
whose appropriate business it is to speculate
about them, and "taking things as they are,"
we advise all parties and classes to exercise
all possible GOODNESS and confidence, pa
thence, fortitude and forbearance.
Where is the money! 1t cannot be sup
posed that it has all at once gone out of the
country. The circulation has stopped That
is all. How to start it again, is the thing
desired. This we leave for; those to settle
who have more to do with money, and who
better understand currency -afairsthan we do
The banks generally throughout the couu-
try, have stopped specie payments. This
measure commenced in the city of New
York, the great commercial emporium of
the nation and as matter Of course il
swept over the whole land, in every direc-
ton, with the rapidity of hurricane. 1t
was as if trains of gunpowder, running
from the location Of every bank in the Unit
ed States, and centering in this city, had
been at once set on fire. The general ex-
plosion could scarcely have been more sud-
den or astounding.
In the Address from the Bank Meeting to
the people Of Vermont, to be found in an
other column, the belief Is expressed-or
perhaps we may say the assurance is given
that there was nothing in the state of
affairs at home. among the banks of this
State, to call for the measure that has been
adopted. 1t was done for protection against
vampires from the cities. This doubtless
will be said by country banks in general
The best proof which can be given that the
bank proprietors and managers in this State
have full confidence in the ability of their
banks to meet, under other circumstances.
all demands against them, is found in the
offer of many of them to receive any amount
of their bills, for which they wilrgive good
and responsible notes. The president of
the Windsor bank advertised to this effect.
in the last Vermont Chronicle. The officers
Of other banks have manifested their readi- |
ness to do the same; and we doubt not that j
Il = L.
proprietors and managers of country banks.
If So it should inspire confidence and forti-
tude. 1t cannot be long before relief will
come, in some shape. The n. York Jour-
nal Of Commerce states that relief is already
beginning to be felt in that city. Let no
one then who holds bank notes that have
hitherto been considered good, sacrifice on
them. Hold on upon them. If they will
buy what you need for the sustenauce of
life, and will keep business moving, this is
all you can reasonably require of them at
present. Indeed what else do you want of
them? If they should bring you the silver
and gold yeu could not masticate it or digest
it; nor could it do more for you than to feed
and clothe you and move the wheels If
business.
Let none Of these remarks be construed
as designed either in support of the bank
ing system or against it. Whether the svs-
tenn is good or bad one, we leave TO be
settled by others. Our remarks are designed
only as friendly suggestions. They are
such as have presented themselves to our )