True American. [volume] (New Orleans [La.]) 1835-18??, 1837-04-14

banks or the British banks shall first tlow u,!.
Such are the tubs thrown QUITO amusc the whale,
such the arguments OF men in power, utterly
disregarding the interests of their constituents
Yes, Mr. Butler; the people will thunder in The
ears of their servants to give them national
bank. On his question Ian Buren must stand
or fall You cannot impose upon the American
People any longer.
Mr.. Buffers arguments for not repeating the
Specie Circular, are exceedingly plausible. He
antics the consideration Of the question with the
re-cstablishment of National Bank, speculation
in lands, emancipation OF iceland, and other such
-hnmbugging but popular topics. Why is this2 !,
is II part and portion of the system to DO adopied
hy this dynasty,-to throw dust in the eyes of the
t.suocracv, and they will be safe Let us divest
The question of its tuwdry ornaments. NJ. Butler
that the reeal Of this order will break all the
deposite bank s,-tha, all the specie now lying in
their vaults will be drawn OUT, sent TO New York,
and thence to England, to pay her the forty fifty
millions we owe her, These admissions are worth
a.dczen volumes Of essays upon the subject. That
tins would be the effect of its repeal aaoc is evil
dent TO every man Gu pablo Of understanding the
FIRST principles of commerce. But had the repeal
taken place when the Congress ordered il, no such
consequences would have flowed, no dtranseincn
Of credits would have taken place, no general
breaking up could have occurred in the CONNER
claI world. Its passage md lis existence up to
February 28th, caused ain unnatural heapng up of
specie in the depostie banks aud threw the spccu-
lations in lands and the produce of the country
into the LANDS of the oxcrgrown. n,onopois,s. Bad
as was the effect consequent. upon the destruction
OF the United States Bank by the cunning Jack
son and his herd OF courticrs, it was nothing to
compare with that which rose frsm the passage OF
The treasury order From July 1896 up to the ist
day of March 1887, the clements of commercial
destruction wero in active commotion The vol
Ecano exhibited every day dnring that time, the
well known signs o. an approaching eruption, and
yet the government made not the slightest attemp
TO countcract so great an evil. 1t knew from the
first whatwas to be the result and quietly awaitee
the issue. On, the 4th day Of March the convul
sion began and has been shaking the Union TO ii
very centre from. that day TO this. The govern
ment now comes forward, and in the midst Of th
devastation and ruin caused by its own acts, bold
~ avows its inability to check the storm, trace
the causes Of its inability, and tells truths that
must have been cognzant OF before The passage D
lis destructive order. Now what are VIC to think @
II government thai can taWper thus with the bes
interests of the public! 4hc people ill ere lon
rise in their .rightn and hurl it from pov'cr. 1t Wi
be remembered by every one that can lead, tna
Mir. Butler conrsscs that repeal Of this obnoxcu
, order will destroy the deposile banks, and banis
: the specie from the country Why did the uo
vernment ever pass,an ORDER, the repeal Of whic
was to have such u disastrous effect. Let it an
E swrr 10 an nsulied and abused people.