Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-07-09
apoIfttraL.
From az FanefterilIe Obserrer.

Oil OtIiCT lCSdt lHSlttuttOHS vi MS country.
he is at once set down as Federalists, un.
less he is deceitful enough at the same
time 10 shout hosannahs TO Van Buren,
and the Democracy, and then he is good
Democrat, Notwithstanding he may have
aided to create banks, and may be stock
holder, or an officer, or an attorney for a
Bank.
Whilst we deny the correctness of the
test, Bankism having nothing to do with
Federalism, we propose to show, that bv
their own rule, they are Federalists. and
much more emphatically SO than. the
Wings.
We have heretofore stated that the AID.
ministfation party was largely in the ma.
iority in the Legislature Of Pennsylvania,
which in 1886 chartered the largest Bank
now in existence. And we have stated
that from 1880 to 1897, during which
the same party ruled the destinies of near
" all tie states, the number of Banks and
the amount of Bank capital were more
than doubled. That is, that more banks.
and moro bank capital, were created dur.
ing these seven years Of Jackson Van
Buren, rule, than had previously been Gre
ated from the foundation of the Govern.
ment.
In Maine, the increase is Al banks and
three and half millions of capital, of which
nearly three millions were created in 1885
and 1886. years of Jackson's rule.
New Hampshire has never been rescu-
ed from the administration. Increase up.
wards of million.
Rhode Island, increase about twelve
millions, was Jackson state until a year
or two ago.
Connecticut, where the number of Banks
has nearly trebled, and the capital doubled,
has only been Wing state during the last
year.
New York, the very hot.bed of Van
Burenism, his own native state, and en-.
tirely under his control until within the
last eighteen months, has also nearly treb.
led her banks, and doubled her capital
In the year 1886, when the Wings had
but 81 members in the Assembly, the in
crease was nine millions
Pennsylvania, devoted and unwayering
Jackson state, till after the re-charter OF
the United States Bank BY her Legislature,
has nearly quadrupled her bank capital
She has not contented herself witt giving
a new existence to that bank, but the in
crease, exclusive of that, not dollar oil
which has been created since 1886.
New Jersey has generally been an Ad-
miniStration state. She has nearly doub-
led her number of banks, and quintrupled
the amount of capital.
Virginia, an unwaveringJ anksonF anBu-
zen state, until recently, has added three
millions, (and since the. date of the Secre-
!, taTy's return a much larger sum, TO her
capital.
North Carolina has not increased either
her number of banks, or the amount of her
capital; but let it not be forgotten that
the charters of her banks expired in 1885
. and that that was the moment for the Jack
son party to crush the monsters, if They
had desired to do so. But no. The hum
bug is of more recent growth. Dema
gogues had not then discovered that tC
abuse the banks and the credit system
was the wide avenue TO the affections o
the ignorant and unprinciped. Their
Gen Jackson himself condescended tt
: have his pets among these institutions, ant
it was therefore matter of principle 70
+, ali democrats to cherish banks. Insteat
of permitting the banking system to ceas
from among us at that time, the Jackson
party went to work to re.create the YER
same number and amount cf bank capita
that had existed before.
South Carolina was a Jackson State
7 then multiplying State, and now probabl
a Van Buren, STATE, but neUer Clay or
0 Wing State. She has doubled her bank
0 and quadrupled her capital
t Georgia, never a Wing State until sine
: the period embraced by the Secretary's re
P port, has doubled her banks, and nearl
!, trebled her capital
Florida we pass over, as we did the Di;
e trict OF Columbia, because neither has
: vote, and their party politics are unknown
e Alabama, a devoted Jackson Van Bure
q Stale. has more than tacenty times as mnc
It hank capital as in 1880.
Louisiana, generally Jackson Stat
g with occasional changes, has four times q
l. many banks, and ten times as much cap
: tai.
!. Mississippi, which did not waver in i
e devotion to Jackson during the whole p,
!, Rod embraced in the Secretary's repor
K fairy carries off the palm. From or
d bank, with less than million of capital
e 1880, she had in 1887, fourteen banks ar
n nearly forty millions ofcapital. This kir
s of horror of bank capital reminds one
J. Gen. Jackson's economy, which reduce
d the expenditures of the government fro
m thirteen millions to tsirty.nipc Millions
IS The rule for this species of reduction
ID only found in the Jackson arithmetic.
Tennessee, always Jackson State u
D. til about three years ago, has added near
D. six millions to her capital.
d, As to Kentucky, Arkansas, Missoul
le Illinois and Indiana, we can say nothin
De as the Secretary had no returns in 183
OIL on which to base comparison.
Ut But how is it, that in Missouri, the lal
10 of humbug himself, we find one rag fact
ri, as Benton would call it, with mar
ne moth capital Of five millions! Shall Y
credit The evidence of the Secretary on Il
point Surely it must be libel on Be
Re ton, who would nevef have permitted
of State to create such a monster. 1t wol
nd injure his character for honesiy and sine
it ity to suppose such thing.
re Ohio has been at times governed
by both parties. Gcv. Lucas. who presto
ho in her chair of State until two or tn
r. years ago. was thorough Jackson mi
So have been her Senators in Congr
since Cdr. Ewing was prescribed.
VS. increase is untvards of eleven rnill;onc