Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1839-05-18
TIE PEOPLES MONEY.

The last number Of the Federal organ, mis-
named the Jeftarsonian, has editorial article Ia
IT, Of rare ncutencss respecting the use that should
be made oil the Peoples money. Ia this said ar-
ticio, (Which we cannot find room to coPs) much
is said alb ,ut Il vote given bv Mr.. Raridcn. winch
in effect, expressing Willingness that the
deposte banks might be allowed to discount upon
the funds on deposte, belonging to the govern
ment This henious offence is enlarged upon, ana
deprecated as horrid AFFAIR." And from the m
disnation Of this patriotic editor, one would sup
pose that tho announcement OF such "a
vote, tina, the "dear, dear, people" would nave
raised in arms and have driven the proud bank
ar,s,ocrat, who dared thus to assent 10 such use
Of the public money into ex1e-or have glbbet-
ted him upon some conspicuous tree, as an exam
pie to those who might Glance to ill the place ne
had dishonored. Our peighbor is really desPer
ate; and his wrath in ihs instance reminds US OF
the character OF Peter, in the admirable farce
"Loan Of Lover" when he contempa'es the
wreichedness ofthis situation by what he con-
ceves TO BIO n perfect humiliation OF all his hopes
Of happiness He determines to do something
dcspcratc,-"he will plunge into the cnnal,' and
10 cap tho climax of horrid human catasrophes,
she wal tear board off tie pig pen''
Thus the editor of the Jeffersonian Is deter
mined to vcut his bitter feelings upon MIR. Rari
den: and for whai2 For doing that which Gen
Jackson the proud old Chief of Democracy him
self recommended, and all Of his scrvlle follow
ers. hailed as a measure to save the country
from the moncd aristocracy and espot>m of the
United Suites Bank! Does federal noie hbor
recollect any thing of a certain Circular sen, To
Inc State Bank OF Indiana, urging them TO receive
q portion OF the public funds upon deposite, and
requiring as distinct stipulation in the bargain
that tho State B INK should ''oford increased fa-
ciItes to the commercal and Other cla..e. Of con.
nnnnity," in proportion TO the deposi,es made BY
the gov ernment? The words above quoted. if our
memory does not fail us, are verbatim from the
Circular, issued by the Secretary of the Urea SUI
~, and Acknowledged good policy bv all of the
subservient party. Then, it was oil that was |
right; but nov, it is all that is dangerous in po-
iitical economy. Truly, consistency is no long
or jewel!
i - OF no Importance to tho reader what our
opinion IS respecting this thing of allowing the
Banks TO issue upon depnsi,cs made for short
time. The Wing party denounced The removal
oil The depostes from the Bank of the United
S'A'e' as impoli,ic, and all their predictions re-
spee"ns tho impolicy of using the State banks
were 'of a time verified. But why do the party
- po"er ooJect to allowing the banks to use the
Pa'"e i'ndsf why,simply because they want to
use mem MISUNDERSTANDING and colIec-
"Vo'y' to sustain their party in power, and 10 en-
large their private fortunes Millions have al
ready been squondercd upon profl;gate and dis
honest Par'Izans-printing presses have been es-
'ao''shed and sustained by the public funds: thus
Peo'c opinion has been manufactured, and many
y me good, but too creduous citizen, If ,b;. ,
country have been deceived. We do no, h,x. - ,
'" mss town, to find printing press. pur. o
-. vim money received dircc, from Wa.b,o.
~, and now, sustained, apo,cedly su.,,;,s, 5,
conducted BY an officer under the ,.,.,., d