Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1839-06-14

TO find something to aid the cause Of Smile
and Bank reform" which the democracy have
inscribed on their banner. And what do you
think is his first great discovery Why, that
,hose who arrogated TO themselves the title of
Democrats in 1903, were set OF ignorant,
imnracticable men-and that the modern Dem
ocrats are no wiser than they were, and prob
ably not half as honest.
If seems the council in our General Assem-
Div of 1903, non-concurred in the passage OF
/ hill incorporating Bank at Windsor, and as
signed their reasons, which are about as ra-
tional as you would get from one Of the in
! mates Of our Insane Asylum. But shall not
stop TO controvert the doctrines oil she council
of ls03,--the Galusha's, the Niles, the Noyes'
and the Shepardsons, for they are beneath
crticism,-but proceed to comment on the facts
Of the case, barely renarking, that this remin-
iscence Of the Democrat only shows that the
Democratic leaders have from first to last, ever
exhibited the same ignorance and stupidity on
ma,tersof currency and finance.
| In 1903, when our state was destitute OF
circulating medium of their own, and were
paying tribute TO the states Of Massachusetts,
Connecticut and New York, some capitalists
Of Windsor and vicinity, petitioned our legis-
lature for Bank charter, and the Editor Of
the Democrat says, the infamous John Henry,
who in coalition with some New England
Democrats, played upon the credulity of the
yirtuous Madison, and humbugged the U. S.
Treasury out Of $4,000 in 1919, was among
the petiiioners-it is possible that il was So
but, let that pass.-A bill in accordance with
the petition passed the House of Representa-
lives, but the democratic wise-acres Of the
Council non -concured, and SO the bill was de-
Heated and what followed Why, in 1906,
b democratic legislature, never dreaming that
cash capital can be the only proper basis Of a
paper circulation, got up the Vermont State
Bank, the Vermont edition Of a Wildcat
Bank"-and now what folowed7 Why, pre-
cisely what has ever since resulted from the es-
adjustment OF Banks founded on real estate
security, or state credi-.it failed-and it is
confidently believed, some Of the Democracy
made themselves rich by the means. The
same catastrophe attended the State Bank Of
Kentucky--ihe " Wildcat Banks of Michi-
gan---and the same doubtless will be the end
of the banks erected under the free banking
law Of New York. But the Democracy who
seem TO be wilfully ignorant in spite of ex-
reIience," have raised the war.cry Of " Smile
and Bank reform"-and wha, kind Of reform
will be inflicted on the unofending people, il
| they should succeed in obtaining the control Of
DOR legislature The destruction Of the pre-
sent Banks, aud the substitution OF some "Wild-
cal" speculation, which by some I" hocus po-
GUS operation shall transfer the money from
the pockets Of the farmers TO those Of the " To-
~ lawyers of Windham County, and others
Of their kidney. We are justified in this
prediction by The fact that we need no reform
in our Banks, they are now the soundest and
best in the country, and have been so from
their beginning, with one exception (the Wind.
sor Bank and that was occasioucd By its com
moeracy (honest Tom Emerson.) | say we
need no reform-and il we did, the people, be
IL known 10 the Democracy, are nop wise en-
ough TO commit the business TO honest Wings
they have learned valuable lesson by the
currency unkering at Washington and i,
must be confessed they have paid pretty
dear for tuition. No-no-ihe time has gone
by when the affairs Of Vermont can be enirus,-
ed TO such noodles as Smile and Merrill, with
whom even the Noyes'and Shepardson's would
blush TO be associated. BuriER.
z. S. As the editor of the Windsor States
man land late Castier Of The Windsor Bank, }
was requested by the Democrat to publish their
article alluded to above, we hope lac will also
transfer this into his columns.
M ~ n -.