Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1838-04-19

now it is striving to destroy them. Then
! il established a new and vigorous Bank
capital-now il refuses to create a new
Bank, and seeks to cripple those in exis-
tence. Then we had two hundred and
sixty Banks-now we have nearly nine
hundred.
In short, what reliance have the Banks
now with the executive hostile TO them
What protection like that Of the late Bank
of the United States have they TO sustain
them! None whatever.
| The only circumstance not wholly unfa-
vorabie in the comparison. is the low rate
ofexchange with England. But nothing
general or permanent can be inferred from
this circumstance, which frequently occurs,
and on the present occasion is wholly acci-
dental in New York, from the unnatural
condition into which her measures of ex-
IRENE rigor have driven every thing. IL
under ordinary circumstances, while other
things underwent no depression, exchange
on England should decline, it might be in
ierred that England owes to the United
States, more than we have yet drawn from
her. But it is not exchange alone that has
fallen. Exchange on England has not fall
len in New York as much as the internal
exchanges or stocks or real estate, or house
rent have fallen. This fact seems decisive
az to the cause. But can his denress;on
cont;nue3 Cer,a;nlv M, These r;gorou.
measures are understood to be only prelimi-
nary-only preparations for an expansion
by the Banks Of New York, which is 10 re-
store case and confidence. Well, the mo-
ment this ease and confidence return. all
things will rise, and exchange of course a.
mono the number Besides this unnatural
condition will work its own remedy. as all
ire guIarities are cured bv their own ex-
cesses. To sell every thing and to buv
nothing is impracticable. and when tho
Enolish have boupbt all the nroduce ,vo
have 10 snare we must of course Inv from
them wba, manufac,ures ,bev have 20 sn.re
A. econ 40 tho rrocesds or a. ;nd,.s,rr - :.
realized n EnoI,n d~wh;Ia ,a h.. a..d,,
.llv exhausted ar s,,nlv &c EnnI;sh rooJ,
~onr own n.rehan, srv iii onsmar, ,ha;,
ronar., 49, cosh .,n,'I, =, .I.o-h.
ny.r. ~ ;f,b;s nrocess ro 10 s,ow sho
Enol;sh ,,annr..trr,s -,b.m.a,,..s Iii .saa
,ha:r OWN aonJs g. ..la IT, a;,,,.. .as,
~. 49,, LII $500 III
~ 81 aa..ss. wi, 80. -. iJ,s'
,we ouch corn,,;os .s Ama,;.. nd H.,
land rerm.,sn, ;neoual;,v If sxchanns
.s no s;s nC,ho ma,,I;r r"r,.n., ~ .;,,.s.
10 ;mnos.;hIa ~ 49, 's 80 = =
W
" Ielcflvlns ho'n.ns IN 'ne conduct o.
.he government 20 Jus'',y an cary resumP-
t,"n' 'et US see II .here ce any 'h'hg IN Inc
ola'e o, 'ne country wn.cn recommends II,
1 1Co" wha' IS the cond''lon o. our aha,rs'
nc suspense" iouno us WIN heaVy oeo'
20 'ne DanN ~, 'ess PfooaD'y man il'e
sun".eu 'n '., ialse na.ances
rom u,e oou'ner" anu western States :"
the n"anuc CUES, ana WIN ., Yer! CONSTR
elao'e ueo' EUROPE IN na.a p LII. 800
Wn'ns - e pdy nd &C., ;a,l.,,.'Ipo
~, ..as..rv f,or. The ersd;,o, 81
~. ali srte, srch convni.;on ,ha 60,
49,. .e..o. u.s. u.s. ,;m.. ,;nos -, s..,ln ~
.d;.s, accounts. time to ..nd ,he d"h,ors,
.rons - mark.,. Tine ~ d;sn,,ss - ~.
s ,.or... ~ 9TH ~. isas, s.o.;spo 's
pp.;no ~, his resonrca. - n.uh;s 49, y
IT, II ~. ,aras movsm.n.. p nfh,,n.n r..
80 80 ~ .hs onsra,;ons ~ n..".a ~. 49,.
i :. $ W. r.,,,en.ss v;oion.. ~ ~. -" go
"a.,. oc ,.a,Ln.s. IT, 49,. ~
ooun,rv ,v.s nm over.,r.;n.d "a It,. Nv
nsr.d s,.rar The rs,nadv was ~. ro,ass
~ .uas,;on oe,hs .urrsn.n ,hn.i~i,
a =. d ~s. o,',v ss,oua.r" ,rh'. III
po, , wa. - nav our dsa. al @ III: Iii,
M. - de,rec;aie The val,,s &C ar nsana y