The Ohio Democrat and Dover advertiser. [volume] (Canal Dover, Ohio) 1839-1840, 1839-10-24
From the Globs.

What no American or American press
would do, the EDglishman Of the Ma
tional Intelligencer promptly performs
for his foreign owners. He most shame.
lessly ascribes 10 the administration Of
our Government, and the operation of
causes here, what every other press
(even the Bank presses unhesiiatingly
attribute to foreign causes. The Bank
of England (Which ir, in fact, the regu-
lator of its branch hear, however incom-
petent 10 regulate its affairs wisely at
home has been borrowing millions Of
the Bank Of France-has employed TO
the utmost the securities ofthe English
Government 10 keep up its vast unbal-
arced, unballasted credit system But
we are told that the commercial demand
for the precious metals for the China
trade--tbe drain 10 purchase supplies
gram from the copiiuent-bas dried up
its reeourCee, and that Lis forced it TO
make the pressure on its debtor satellite,
the Bank of the United States, and drive
il TO sell post notes in the streets fer
months back, 10 purchase the notes of
other banks, and thus obtain the means
of draining the State banks of specie
for export to England. This is the ad-
mi,,ed, paIpable state ofthe case on all
hands, and YET the National lniallig en-
Ger has the eflron,ery 10 charge this ac-
kowledged result Of the dersuged state
of money affairs in England, and their
direct action through the British inst-
tuition among Va, 't0 the wor .npon the
currency and its derangentnt and prOS~
trntjon BY the GOrernmtm"-Mat is, oar
GeUernmcntI There is no parallel 10
this imprudence of the morlgaged En-
y glIshmen, whose "ofcs, types, presses,
debts due and to become due" are held
in sort of mortmstn for his benefit by
the foreign Stockholders, to uphold the
lpUress of whom hecontinually libels
!; The Administration ofihis country.
"ha, step has the Amercan Govern
U ment taken 10 drive specie out Of the
country; or increase the pressure on
b tho banks} So far from operating in this
. way, it has constantly extended credi.
o to the specie paying banks, and indal-
: ged those indebted TO it. The Treas~
n' ury notes have BEEN employed as facil-
% tiles by the merchants in the payment oI
o; their duties, and the Government has
o. its own credit through them 10 add to
r the stock of aPecie in circulation. II
~ has pressed neither banks nor indiyiG-
II uas. 1t has made every part of lis ma
AZ chinery work light and eseily for The
VI money market. The officers Of the rev
10 enue in all sections ofthe country, 81
ue far from countehs ncing "a wGr Np07 III
Do currency" Of The banks, bave done moth
en- ing 10 discredit il; and the Globe hal
is' continually exerted Whatever influence
fs' it commands, TO repress runs on tn
MS banks, and TO discourage the rumor
I'D which the agents Of the Bank Of the U
@n nited States have secretly and diligeDtl
'n' propagatcd, for the Purposeof making
as that inevitable 10 all, which II could ne
ne sbun The articles from the New Yot
er- and Pbiladelphia papers, which We quot
i'e will, however, enable our readers
gs' judge for themselves of the lUusIic
re- an6 falsehood Of the charge thai I'll
'se Treasury Department hds. inthe reno
ec- test manner, operated 10 produce IN
yes new catastrophe, -