The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1839-05-30


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connsrlieui. where Ihe number Of
Ranks has nearly trsbled. and The capital
Doubled. has only been Wig state dur
ins The last year.
New York. Ihe very hDi-bed Of Van
Burenism, bis own na'iEe Stale. and en-
,;,s;.. under his ennlFal until within Il's
last eirhIssn months, has also nearly ire
blr.l her banks and d0ub.eA her eaPi'al.
Ia the year 1886. when the Wigs had
bsI 30 members in Ihe Assembly, .ae III
crease MAS nine millions!
Pennsylvania, q devoted and unEaEsr-
inc Jackson state. all after Ihe Te-ehar.er
u the U. ). Bank by her Legislature.
hes nearly quadEuPled her bank capital.
She has not eonienled herself with CIV
ing a new existence 20 that bank. bot The
increase. exclusive Of that. - ten mil
lions, not a dollar Of which has been ere-
aled since 1886.
New Jersey has generally been an Adj
minisiralion state. She has nearly iaa'
bled her number Of banks. aud quinluPlsd
The amount Of capital.
Virginia, an un~aErTing Jackson Van
Buren, State. until .Treehily. has added
three millions, land STAGE the date oi llIr
Seereisry's return . much larger sum-
n her capital.
North Carolina has no, Increased ether
her number OF banks. Or the amount ol
her capital; but let il not be forgotten that
the charters Of her banks expired IN ls35.
and that that was the moment Tor tic
Jackson party To crush the monsters. n
they had desired 10 do - but no. The
humbug is Of mnre recent growth. De-
magogues had not then discovered that ID
sbuse the banks and the credit system.
was the wide ayenue 10 tie affections
of lhe ignorant and unprineiPled. Then
ten. Jackson himself condescendcd Ia
have his pets among these institutions. aud
i. was therefore a matter Of prineilie fur
all democrats % cherish banks. Instead
Of permitting the banking system u cease
lrou among Us ~ that time. ihr J.rk'on
parry went 10 work To re-ereAIe the very
same number and amount OF bank espl.
,sl that had existed before.
South Carolina was a Jackson STATE,
then nullllying State. and now prabably
Van buren, State. but Rersr a Clay or
Uhig State. She has doubled her banks
and quadrupled her e,pnal.
Georgia. never Wing Safe until since
the pernd embraced by the Secsslary's
report. has doubled her banks, aad near
" nebleI her capital.
Florida we pass aver. as we did tho
District Of Columbia. because neither has
vote. aud their party pnI,ics ale un-
known.
Alabama. a devoicl Jackson Van na.
rem State. has more than ftrsaiy times
IS much bank capital a. in 1880.
I---.-.--. .srensrailY Iacksan State,
with uccasinal changes. has four Zines -
many banks, and ten times a. much ca.
pilal.
Mississippi. which dl not waver ia
is devotion q Jackson during the whole
period embraced In The Srcreiary's re.
port. fairly carries OF tire plan. Fram
one hank. with less than a million Of ca.
pilal IN 1880. she had in 1891. fourteen
banks and nearly forty millions Of capital,
This hind Of horror oi bank capital re.
minds one Of Gen. Jackson's economy,
which reduced the expenditures of tie
government from fsifieeg millions t.
hiHy.niHs millions. The rule lor this
species Of reduction is only found in the
Jackson arithmetic.
Tennessee, always a Jackson State
until ahau, three yeIrs ago, has added
nearly six millions TO her capital.
As io Ken'urky. Arkansas, Missouri.
Illinois, aad Indiana. we can say nothing
as tie Secretary had no returns 10 1880,
IN which In base comparison.
But how is il, that in Missouri, the
land nf humbug himself, we find one
rag factory, as Benton would call il.
wliii mammoth capital IL FIVE millions,
Shall We credit the esidence u The
Secretary on this point! Surely il rsnst
be a libel m Benton, WIN would never
have permitted his State 70 create such
a mnnsler. lt.wouId iniarc his character
Tor honesty and sincerity 10 suppose such
4 thing. ~
Ohin has been y, times governed BY
both parties. CIV. I.lras, Who presided!
n her chair uI State until two or three
years ago. was a thorough Jackson man.
80 have been her Senator'S in Congress
since Mr.. Ewing was prescribed. Her
Increase is upwards Of eleven miIlinns.
Michigan. uniformly a Van IIuren
State, from one bank. with 100000 nr
capital. had in 1887. scrynicen banks,
with ssveH millions md a hajF of rapi,aI.
She has now. in 1870. probably double
as many banks. il We NAV include those
which have failed. There is no Stale in
tie Union, perhaps, where banks have
been created with so much facility, and
based upon less substantial cspiisI, than
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