Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1839-08-30
"sMILIE and BANK REFORM,

all the Banks, the Lawyers who own, support
and edit the "Wndham Co. Democrat for
their own political prefernent, are aboring in.
cessanlly 10 deceive the people on the subjec
OF Banking. If they can gull the honest yeo
many on this subject they hops TO ride into
power. This is one object. Another object,
is TO fleece the people OF their hard earningsia
the shape of fees.
These lawyers know that since the bankir
system went into operation, there has been
falling off in their collecting business in this
state Of about three quarters. The Banks By
offering facilities for raising cash whcrewith6
pay debts, have protected the people agains
the grinding oppression OF I.atryers and u.
urers. These Lawyers tell us in the last Dem
ocrat that the people of the state owe tb
Banks two millions, and that the people owe
each other near three millions. Now, il
these Lawyers could cripple the Banks as they
design 10 do by the operation OF the Sub Ired-
sufy System, which will enable Mr.. Van Bu-
rem to draw from thirty TO forty millions of spe
Gle from the Banks annualy-and by discred-
ting them so as TO keep up constant run upon
them for specie this would el1ectualIy prevent
the Banks from extending their circulation and
aiiording the requisite accommodation 10 the
people TO enable them 10 pay this large amount
Of debts. How much think you gentle reader.
Of this five millions of dollars of debts would
fall into the hands of these people loriRg Law.
yers for collection, if they should succeed
they hope 10, in crippling the Banks, and a
they certainly will, IL GU place them 10 power
Enough be assured TO make the Lawyers nd
and reduce to beggary thousands ofihe mid.
ding classes of all occupations and trades. Ia
the course ofthe scramble TO collect debts un
der the state Of things thus created, how many
farms now worth $4,000, and under mortgages
for one thousand would fall into the hands Of
| these fpvinu nm nj 9Th - /
ney lenders, for little more than suificien, 10
clear OIL the mortgage aud pay the Lawyers
fees. Again, how would every other interest
be affected by the sudden withdrawal of more
than one-hali the money in circulation
Would Il not reduce TO mere pittance the wa
ges Of labor2 Would il not throw thousands
OF laborers out Of employ and create wide
spread distress No one could escape uD-
scathed save the Lawyers and sherfls and the
officers who live on stated salaries, and the
rich and overgrown capitalists and these men
whose interests are always aniagonistea 10
those Of the people would grow rich upon The
distresses Of all other classes of community
Do you doubt reader that this is the object Of
the Lawyers who control the party in this state
and throughout the country with Lawyer Van
Buren, at their head ? Do not forget that ID,
party is governed in this state and throughou
the country, by ambitious and designing Law
ers who manufacture public opinion for The
whole party on all political subjects. Extrav.
agant as this assertion may seem, rely upon il,
II is no hction-but the sober, honest truth
He has studied history and human nature 10
very little purpose. Who does not know that
political ambition, the love of money aud an
inordinate thirst for office and power when
they take full possession Of the mind, will con-
vert man into frightiul demon. That these
have become the rnling passion with the "to-
~ Lawyers is sufficiently apparent from their
numerous political intrlgues and attempts 10
deceive the people for several years past-and
from their ferocious and demon-like attacks up
on the living and the dead during the present
canvass. The Lawyers will tell you that it is
no, ,hcir purpose to destroy the Banking sys-
TEN, but 10 reform il for the better security Of
the people-and most of their own parry may
perhaps believe them. But the truth is, they
dare not openly avow their real designs, which
Il understood by the people would lessen rather
than increase the vote Of their party. But in
proof Of our position we present the following
from leading Van Buren, paper, the New
York Era of July 9Th:
ave recommend unirersaI run upon
these diabolical banks.n
We are not among those who apprehend
any serious consequences TO the mass of the
people, il erery bank in he country should
tdH IA iceek, at once aud forever.n
This is in substance the language Of C. X.
Field one of their candidates for the Senate
In his unguarded moments In the Spring of
1897, his cry was "down with the id Banks"
down with the rag mills and shaving shops"
And within few days past he has said, as we
are credibly informed, that in three years from
this time there will not be a bank left in the
state Mr. Field has been heard TO say, that
we shall have no permanent prosperity until
all laborsaying machines are abolished, as We
are also credibly informed All this taken in
connexion with The constant clamor which has
been kept up against the Banks for the last few
years, is pretty satisfactory evidence that the
real object is to destroy the Banking system.
But further: what means the off reiterated
charge in all The Tory papers of the influence
OF Banks over the wing press, the wing voters,
and the wings Of the Legislature, il il is not TO
create a deadly hostility to them which they
cannot surviye2 Can any one who seriously
reflects on these facts doub, that the object Of
The Lawyers is 10 sweep away the Banks at
one fell swoop? Recolect reader, that the
Banks in Vermont are as safe and sound as
those of any other state. That all the Banks
chartered since 80, are bound for The redemp-
lion ofaHthe bills Of any one of them which
may fail. Recolect too, that there is fund
OF near 500, 900 in the hands ofthe state Trea-
surer which is constantly increasing BY the an
nual contributions of the banks for the redemp-
ton Of the bills in case of failure. Remember
that there has no bank been chartered since
1880, on the old irresponsible system of the
Hindsor Bank and others chartered previous
TO that notwithstanding all that has been
nuhfishad in Tho Tory noparc and III thot hos