Western courier. [volume] (Ravenna, Ohio) 1837-1838, 1837-05-04

The indssoluble coanexion between the
state OF the specie and the state of the
country being thus clearly established, the
wisdom OF the Treasury order becomes
| aore striking, when we see measures taa
ken TO difIuse the specie through the
country, and prevent its re>exportation,
which would now take place, ii the spe"
Gle was piled up in the Atlantic Cities
where the managers of the B.itish f-reign
bank (the Barnss and Biddle baak) wisk
it 20 be.
The complaint which the agent Of the
foreign bank (Mr. B'ddle) is now making
about the transfer of specie 20 the West,
is fine commentary upon his own con-
duct formerly, in stripping the country
and shipping 10 Europe. AT the veto
session in 1882, there were but TWEEN
IY millions Of specie in the country; and
OF that sum. the Bank of the United
States had the oAe-fArd Consequently,
the whole country was then at the mercy
OF that mercilesq institution. Now we
have EIGHTY millions. aad of that the
Bank OF the United States has the one
thirty third Part that is to say, about two
and a half millions, and the country is
nearly independent of the ALLEN institu-
tion. This mass of specie is the torment
OF the British United States Bank and
to get rid OF ii occupies all her policy
Hence the hatred to the Treasury order !;
hence the restrictions prescribed by the
Darings on b lis of exchange; hence the
efforts OF the British Barring bank to re-
woke that order, collect specie from the
interior, and ship it abroad
During the whole time of the power of
the Bank Of The United States, it was the
policy Of that institution 10 collect specie
from the interior, and sell it, when ex,
change on Europe rose above par. Thus
The country was left with only twenty
millions at the time Of the veto session.
Ii we had no more than that sum now,
the BRITISH foreign bank in Phil .delphia
| could quickly coasummate her designs of
breaking the lecM banks, and making a
general suspension of specie payments !;
but the eighty millions of gold and silver
are Stumbling bleck in her path, and
that stumbling block will become larger
aud larger. President Jackson is gone,
but the author Of the letter to Sherrod
Williams is in the Presidential seat; and
the specie policy is still the order of the
day. The public will recollect that let
ter, and with how much emphasis it rest
ed upon the increase of the gold and sill
vor circulation, the suppression of notes
u ader twenty dollars, and the coinage AT
! the three branch minis. We venture to
predict the specie viii so on Increasing al
the rate OF several millions per annum
during the whole Of Mr. Van Buren's ad>
minls,ralion, and that GOLD will he a
common currency before his time is out
The three branch mints will 60 10 work
this summer, and Congress has put it ful
y IN the power of the Administration 70
keep them at work. BY an act of the
lastsession of. Congress, he'sum of one
million Of dollars may be kept at the mint
to supply it with metal and, by an act of
| the previous session, an unlimited amount
may be transferred TO the mint and its
branches for the same purpose. I hus,
the supply of metal will be ample, for it
will be unlimited land the public may
rest assured that the successor to presi'
dent Jackson. the author Of the letter TO
Sherrod Williams, will not suffer the
mint and its branches 10 stand idle for
want Of mrtefial to work up.
SENDING TIE SPECIE TO The MINT.