Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1838-02-16
WEIR ONT PuGNIx.


BANKs The Loco-Foco journals affect
much aslonishnent at the embarrassments
OF some OF the banks. But isit wonderful that
amidst the almost universal ruin and pros
traton OF the business community, and while
the very government itself is bankrupt and
cannot pay its debts, in constitutional cur
rency," or any thing else, except as il raises
the means BY selling its own Treasury notes
al a dise0uniand obliged as they arctic meet
and overcome the misrepresentation and de-
mncialions of the loco foco party, in and out
of Congress, is il wonderful we say, that un-
der these circumstances they feel some en-
barrassinenls Would il not be q miracle if
! they did not ? Now, we wish to be under.
stood as in no sense the advocates Of mis-.
managed hanks, or friends Of an irredeema.
bic paper currency. These are none of the
doctrines Of the Wing party. But we do
protest against the destructive and ruinous
efforts Of the loco locos TO PROSTATE all
the financial institutions Of the conn
try. We abhor from the bottom OF our
soul, that agraran jacobin, destructive spirit
which animates that party AS we said
short time since, Loco Focoism seeks. only
10 destroy-neyer 10 build up We ask any
rejecting man. to examine, cundidy and
critically the principles Of that party aud
see if he can tindo single tendency 10 build
up valuable Institutions or improve society.
One hobby with them is, 10 destroy all mo-
ney and manufacturing corporalions-by
which they would at "A single reckless blow,
overthrow the whole financial system, and
PROSTATE the domestic industry of the coun.
try-aad what do they offer in their stead.
Nothing. nothing but the old and fayorite
hard money schemes Of despo,ic govern.
ments They would throw aside all the i'm.
provemen,s OF modern DAYS destroy all the
lime honored and valuable institutions of
our land and could their mad projects be
carried out, would make it again bowling
wilderness
FOne ofthe PRINCIPAL contributors TO the col
umns OF the Democrat, has been heard 10 de-
clare that we could never have permanent pros
periiy, till all labor saving machines were a.
polished Witness also, the late attacks in
that paper upon our Senate and Supreme
Court. II is a leading doctrine of the loco TO
cos OF New York, that all exclusive right of
property should be abolished. and an immedi-
ate division of il be made among all the peo-
pie. Their creed is French jacobinism, and
the rank infdelity and agranianism Of Fanny
Wright and Robert Owen.
The BosToN BANKS The only real
failures among these inslituiions.are of,hose
which have had TO do directly or indirectly
with the government drposiies The Com |
monwealIE was regu n pet, and the Mid |
dlesex was Intimately connected with it,
The Franklin was pet in copartnelship,
as TO the spoils, with the La Fayeite The |
Fulton, American and kilby. although en- |
barrassed, will probably be able to wind up
their concerns and pay all their liabilities. |
They now redeem all their bills of the de- |
nominations OF s., aud under, and will we |
understand soon receive The larger ones prob. |
ably. But II would be wonder indeed. i'll
among all the OF 10 hundred banks. which |
the Jackson Van Buren, administrations have
by their measures causrd 10 be created. pros.
trated ms the whole business OF the country
has been, and deranged as is the currency.
and with the whole power and influence oil
the government turned against them. there
should be no failures. Indeed the fac, tina,
so vast majority of the bankslhus far. have
continued sound is wonderful. v hill multi.
Iudes OF private individuals have been pros
lraied by The mad experiments of our rulers.
I IS truly astonishing that the banks have
held out so well, and that there should have
been but here and there one which has been
obliged 10 bow TO the fury OF the storm.
ni1The other day when our old friend the
Commonwealth tainted away cur federal neigh
Dor was very particular in assigning the reasons
therefor. Now will Master Phunix Just be so
kind as to tell us what the deuce is the matter
With the Misses Kilby, Fulton, franklin and
American. and The rest of its little whip cous-
ms IL is rumored that they were seized with
most dreadful spasms the last week.-Demo-
rat.
Master Ph1niy presents his compliments
o Mrs. Democrat, aud would inform the
Did lady that although the Misses Kilby.
Fulton, and American. have been suspect.
3D. yet so Iaras he can learn they will vet
le able TO clear up their characteristic as
or Miss Fmnkln, we cannot say much
rom the Fact that, that she has been known
o be on such intimate terms with our rak-
SD government us even to be STYLED one OIL d
heir pets, and II is well known to the pub. /
&c generally, that such a connexion has been .
ulnous TO very many who have unlortun- I
ltely been involved in it, Old Mrs. Com /
nonweal,h, and Mrs Dry Dock, have lost
heir characters by associatng themselves
With such abandoned characters
IHE U. s. BANK. II is curious fact a
nd speaks volumes, that Notwithstanding S
u the energies Of the national government ?
urlng the administration of Gen. jackson n
we're turned against the u. S. Bank, and ey. p
ry effort was used to destroy its credit and u
OtW ii hstn ndinr IA N mace c,,s rr - -. s