Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-01-18

condition of the public revenue, and the
connection Of the Deposit Banks with
the Treasury ? The Erecuiire.
= Who was the father and patron Of the
whole scheme-iiOn the first theft of the
public moneys-down TO the final ex-
pIosion Of the Pet Bank system, and the
ignominious fnlure of the Common
wealth Bank Of Boston? The Executive.
Who denounced the system as wholly
unsafe, unsound, corrupt and rotten at
the outset ? The Wigs.
4 Who told the people that their money
was in the hands Of SET Of bandtti, who
would soon convert it into unavailable
funds" through the instrumentality Of
the pet banks The Wigs.
On whom ought all the responsibility
Of the selection of depositories-their
treachery aud mispanagement--ths
squandering of the public money-,he
explosion Of the Pet Bank Of New En-
gland, and the consequent loss TO the
community, to rest TIE EXECUTIVE.
Let any one read the laboed reports
of Mr.. Woodbury., in which he attempts
to refute the objections Of Adams, Clay,
Webster, Binney, and Calhoun 10 the
pet banks-to show that the government
would never lose any thing by employing
then-and to prove their entire com2e-
tency to furnish a "bctter system Of ex-
change, more sound, uniform, safe y
and convenient currency,"-and their
ability to answer all the fiscal purposes
Of the Treasury and Of Commerce-and
then say on whom the responsibility Of
their explosion should rest-on whom,
but the Executive and his supporters!
1.-THE cnlamites that now cypress the
people had not opened their eyes to tho
misc onduct of their public servants, then
would they be deservedly abused and
plundcred. Tho reirenchment Of the ad-
ministration has trebled and quadrupled
our annual expenses; and their improve
ment of the circulating medium has de-
stroyed the best and soundest currency
that any nation ever possessed-and has
given US in exchange for millions on mil
lions of acres ofthe public domain- moth
ing but reams of paper and bushels Of
rags
One word to those who have been in
duced by the advertisement Of the Col
lector to exchange their CustomhOuse
checks for bills OF this broken pet bank,
or who have been paid their demands
against the government within a few
days in the same currency. Let them
appeal to Congress for indemnify and
red,ess. 1t is the administration that
they should hold Immediately RESPONSE
Bile for their losses. Let the fishermen
of Gloucester and Marblehead, who a
few days since were paid off by the Col
lector some thirty-five thousand dollars
in bills of this broken pet bank, petition
Congress for relief. Let them claim to
be indcmnificd in the amount of the de-
preciation of the bills, which have been
palmed off upon them,-bills of the ad-
ministraton bank palmed off by the
principal official partizans Of the admin
istration in this city. Their claim is a
good one, and i( il is not admitted by a
Congress, in which the plumber party
appear to have majority, let them be
assured that it will be admitted by tho
next Congress, wl'ch the people will
make Whig Congress.
BY those who ins,isated General
Jackson to the. prosecution Of that
scheme Of plunder and usurpation, Of
which the explosion Of the Common
wealth Bank is one of the Developments,
the Hero of New Orleans has been al
most apothesized as the second Wash
Iinston-the second saviour Of his coun-
try. The saviour of his country Let
her prostrated commerce-her deSoIated
marts of busne ss--her ruined currency
her bankrupt treasury-her labor un-
employ ed-the loss, the distress, the de-
spondency, the despair, Pervading the
communicate the Legitimate fruits Of
the Experiment-bear witness TO the
mcri,ed distinction
The following Loco-Foco concerns it
is reported have helped themselves to
the sums set against their names, out OF
the broken bank.
Simpson s. Hood, Loco Foco) Pres
ident and Cashier) $l7O,OOO
Hall J. How, Loco foco) 10000
Mt. Washington Associa- ,co ooo
tion, Loco loco) ~
Parmenter's Glass Co. Loco) 100 900
Total, 100000
Parmenter is the present Van Barren