Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-08-21
TREASURY BANK--THE MASK OFF!

repeatedly said. In Tact this was The alleged
object for which the late President commenced
the bank war; this the means devised TO re-
move the control Of the currency from Con-
gress 10 the Executive; this is the iepsr which,
in the hands Of the President, will enable him
TO rule supreme over the other departments Of
tho government, and TO transmit his power,
either TO a lineal or n chosen successor.-
Whether correct or not, we have believed that
such temptation was too strong for such /
man as Mr. Van Buren,. Judge White, an ORR J
ginal friend OF Jackson, decl!ed a treasury |
| bank TO be the great object; Gouge, on Office |
holder, proposed the scheme 10 the public; !
Senator Wright, during the last month, endor- |
sed il; the Globe disuvowtd the gold humbug |
about the Same time, and thus tho ,oay ,oas
prepared. Now there is no concealmeni; the
mask is off: the Globe boldly comes out with
the proposition, under permit from Ex.Pres-
dent ANDREW JACKSON Below are ex-
tracts from the letters Of Jackson, said TO be
private letters, though published in italics by
the Globe! The first is from letter dated
July 9th, as follows:
"Now is the lime to seperate tic Gov
eminent from all hanks-receve and dis
burse The revenue in nothing but gold and
silver coin, and the circulation OF our coin
| through all public disbursements will regu-
late the currency for ever herca Iter-kerp
| the government Tree from all embarrass-
ment, whilst it leaves the commercial COM
munity TO trade upon its own capiYal, and
the banks TO accommodate it with such ex.
change and credit as best suits their own
inicrests--bolh being money making con-
Germs, devoid OF patriotism, looking alone 10
their own interests, regardless OF all others.
II has been and ever will Se curse 10 the
Government 10 have any ENHANCEMENT or
lnterst with either, or more than general
experimenting care Of all. But the COM
mercsl community hitherto has been los
tered by the Government, TO The great niu-
rg Of the labor Of the country, until tie
mercantile arisrocracy combined with the
banks, have assumed the right to control
and manage the Government, as their par
licu'ar ineres. requires, regardless of the
rights Of the great democracy OF numbers,
who they believe ought TO be- and they a:e
determined they shall be- hewers of wood
and drawers Of water. | repeat, that an,
proud too see tie firm and noble stand ia
ken by the Executive Government on this
occasion. The people are with it, and will
support it triumphan!ly.
The history of the world has neve- rccor-
ded such base treachery and perfdy as has
been committed by the Geposite banks a.
gainst The Government, and purely with
the view Of gratifying Biddle and the Bar
ings, and by the suspension Of specie pay
menis, degrade, enibarrass, and ruin il they
could their own country, for the selist
views OF maknglaree profits upon the 2eo
pie selling their specie al large premiums
and buying up their own paper at discoun
of from 25 to so per cent. and now looking
forward TO be INDUCED in tie speculation
Tor years tocome, before they resume specie
: payments"
On the Esd July the above was backed VI
by another letter, as follows:
[PRIvATE.1
: HERMITAGE, July %, 1887.
My DEAR Sir IL have Just received tn
Globe O.! the 18th, and am pleased to dis
c3ver from il, and other papers. that tn
democracy are uniting upon The plan q
separating the government from corpora
tons OF all kinds. and to collect the reoenue
keep and disburse it, by their otcn agents
This alone can secure safety TO our reve
: nue., and control over issues OF paper b.
the State Banks. The revenue reduced II
the real wants OF the government, payabl
in gold or silver coin, Ono credils,) 10 b
dsbursed by the Government in gold or sill
yer, will give us an undertaking metalli
: currency, prevent hereafter overtradng
and give prospe ily 10 all branches OF bus
ness whilst the banks and the CONNER
cal community will be lett 10 manage thci
exchanges, and all matters between ther
in their own way. hope and trust tho
: the ,chole democracy Of the whols Unto
,ciH unite in adopting these measures, an
the democracy oil numbers will never hav
another contest with The arisocracy Of til
- lew and their paper credit system upo
which they al present rely 10 rule the cour
try.
! hope no Treasury notes will be issue,
~ The Treasury drafts upon actual depos
= are constitutional, & do not parlake OF p;
of per credits as Treasury notes, which al
- subjected TO depreciation by the merchan
and banks, and shavers and brokers'; an
will be, il issued, and the Government cal
IL not avoid Indifferent must it he with Il
IL Treasury drafts, drawn from actual depo
EN- its, and from the conduct ofthe Banks an
the MERCHANTS, THEY DESERVE NO F.
voRs FROM THE GOVERNMENT, which the
". have attempted to disgrace, and TO desir'
its credit both at home and abroad. 1t
il the working class that deserves protcctit
-. from The frauds OF the banks.
Thus it will be seen that the plan of n
Gouge is endorsed by General Jackson--a
&C. plaudcd by the Gobe-and of course echoe
ere this, by nearly every anti-bank paper in d
1'e country! We beg the reader TO note ft
"e things: