Litchfield enquirer., 1838-03-01
Extract from Coz. Kents fof Maine speech.

Ertrdcs from Coo. AentS t0 -M0tne/ speech.
without pretending to be able and skilful fnnn-
cers or capable OF ahomng all the deep researches
OF those who are the great mass Of the people we'll
know andTemember, that six years SINCE this nation
enjoyed curregcy unsurpassed in the history OF the
commercial world. II united the security of the pre-
cous metals and the convenience of paper. 1t was
convertible at any moment into gold and silver, and
bad obtained the confidence of the whole community.
Of commercial exchange, possessing an equal and
convertible value in every part of widely extended
land, and enabling sections most distant from each
other to negotiate with ease and safety When it was
deemed eXpedent by Government to change and de-
stroy II, all practical men admitted that then
loyed safe, sound and convenient currency which
could hardly be improved, and might Re impaired or
destroyed by sudden changes or i'll considered schemes
Of improvements The events Of the last year have
fully demonstrated that the predictions and fears Of
those who anticipated evil from untried and uncertain
experiments upon the currency of the country, were
not the mere assertions and prophecies Of jealous OPP
ponents, but the far reaching views of experienced
statesmen, anxious to preserve what experience had
proved saluary and useful"
The following article (remarks cotemporary,) from
the Boston Atlas, shows how that precious Treas
ury, Loco Foco politician isaac HIhr. managed to
pay his debt to the Commonwealth Bank, Of Boston :
Governor FIilrs liabilities to the Commonwealth
Bank. amount to $4,000. four thousand Of whchis
SAND he is responsible Sr as endorser for his partner
Cyrus Barton. The Bank will get its pay Of Gov.
HiI-hut how will get its pay In the bills Of sol
vent, responsible institutions? BY no means Gov.
Hill j. the gamer some thirty per cent, on his abl.
ties by the failure. We charge il upon him directly
that his hroker here was last week employed by him
in buying up bills Of the Commonwealth Bank, At The
rate Of seventy cents for the dollarand that SS5Oo
thus bought up for the purpose Of discharging his
liabilities TO the bank AT THIRTY PER CENT less than he
would lave been responsible for hadAo the bills boen
And uho are the losers of H.is tRiniypsr cent Why,
rnE poos fEssIoNERs-THE rlsHERssEs. fer whom srE.
,he government 1t is not Mr.. Isaac Hill, the pension
asent-bu the pensioners themselves, who are The
sufferer. The former is directly the gamer to the
mount Of thirty per cent. on his dues to the bank,
amount on the bills they may he'd" ..-..,,,..I ..
Franklin and Lafayette Banks Of Boston.-The plum.
der system OF Mr. Secretary Woodbury. 10 beautifully
illustrated in the explosion Of these corrupt and rotten
ton. The President ofihe Lafayette Bank tho holds
also an oihce in the Boston Custom House, is broth.
erin-a,r Of M. Secretary WOODBURY.. The Cashier
Of the Franklin Bank, is another bvotler;ndse Of M.
Treasury is industrious in providing snug places for
the family" as AMOS KENDALL himself. Both these
institutions received the Public Money, no, because
they we're sound banks or likely he faithful deposit
cries. hut because the Secretary Of the Treasury felt
bound to feed his broiher.in.nw ct he public crib.
In connection with this subject, we wond call at
icnlon TO Tie following gem from General JACKSON s
Message Of 1885:
by tie use Of the State Banks. it is ascertained
that the moneys oftbe United States can be collected
and Gsbursed yifhout loss inconsenicne. and that
all tho wants OF the community in relation to exchange
and currency ore supplied well es they ever have
been before. 49,. The State Banks gii! not be
se"ped ner will they haze the po,er to divert the pub
ment."-N. Y. Courier.