The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1840-09-04

Wing But the banks can make Il profit ou
of it you know.
Dem. Are you Bank Director
Wing. Yes, and so Is my brother
Dem, / thought 50. Those mechanics and Ia
borcrs we see yonder pay their proportion of the
revenue, You acknowledge. If it was deposited in
your bank would You loan il back to them'
Wing. Oh no-that would be ridiculous. We
should be afraid TO trust them
Dem. But you say the banks would loan it back
to the people; have they not as good right TO their
proportion as any body else has And who do You
call the peop'c--the dear people suppose YOU
mean.
Wig. WHY we generally like to loan it to those
who want the largest sums. and will pay the hcay-
est nterest-to stock specuators-mo-
nopoIists, and liHie TO the merchant.
| Dem Yes ard item YOU call the dcHr people
the first is II gamblcr-the next swinder-and
the hind i'm eXturticncr and clutches all the pro-
ducts Of the earth that he may get his own price
for it--und the fourth lives on the profits he can
ret out of the consumer. And You would have the
poor us well us the rich pay their money for the
support of the government; which money, you say,
ought TO 30 into the banks, to be loaned out to
such persons us these.
! Wing Hell, perhaps it is not quite right--hut
then we must all live, You know,
Dem No, sir, lis not right You must live,
bu, YOU must not be allowed to live at the expense
and on the money Of the people lon may do
banking business but you must do with your own
funds, no, DEMAND the money Of the people to
cheat and distress them with.
Whig. Hen, really, ! have never taken this
view of the case. u hat will the government do
with the noney-will they lock it up and keep it /:
Our folks say 50.
DEM Your folks say great many things liza,
are not true. 10 YOU think that the Government
pay their employers us our hardy whaemcn are
mid otl-at the end Of the cruise. No, sir. " hat
they receive to-day they pay out Tomorrow, and
il crcuatcs throughout the counry-kecps moving
about doing us all good. 1t will not be allowed 10
hmm back into the vaults of the banks, to be loan
ed out TO their friends again; they must wait until
the regular process of trade brings it 10 them, then
they will keep regular in their businessmen, en-
pund and blow Up the crcdi, system to-day only to
have burst ton orrow and uin the whole country
Whir. There is some reason liz this alter all,
but is it not dangerous in having so many sub
T'rcusurcrs'
Dem. How nany'
Wig. Two or three hundred suppose there
must be.
Dem. la! In! ha! You Wigs who think the
peoplc don't know any thing are the fools your
selves: in r,ing to deceive them, You are deccl,-
ed and made ignorant yourselves. Il ny there l.
only SIX -I'reusurers-one in EoSion, one II
New York, one in Philadelphia, one in Charleston
one in ST. Louis and one in New Orleans,
Nhir. Is that ALI have been tod by my pa
pcrs that there were great many more, DO !o'
Dem. Iioucaf us the banks Is Stephen Al
len the Receiver or sub-lreasurcr, as You whi@
call him. as honest ms your bank presidents and dl
rcctcrs think you'
Whir. Oh YES. Mr. Allen, believe, is q yer
honest man. But Swartwont, Price and others yo
know. ran away with the government money,
, Dem. Yes sir, | know they did, and if yo
wings had allowed us to pass the Sub-Ircnsur!
Bill at first they never could have got it to run ava
with 1t was by having Il, connection with IN
banks that they were enabled to steal. Instead c
putting it all in the banks they put portion in then
own pockets, and the banks were never the wise
for il, Pu, now they must depositc every day Wit
the Receiver General, and his duty is to watch an
see that hr gcts it all: and when he gets II, lis 'ui,
II was rot safe even when it was in the banks.
Wing. Whyi What do YOU mcun'
Dem. Mean Dcn'twe have accounts ever
day Of the offices or the clerks of the banks run
= ming away with their thousands, tens OF ihorsard'
aye, millions.
g Thin. Yes, there has been some rcgUcs, az
knowledge. =, ..
Dem Somcl hid not icwv, the Caahi'r {
c the SchuylhiIl Bank, run away with one niiu
g two hundred thousand do!lnrs- Iulury cf l.irF
mond, with hllra mi.liou--Smiih Of hihdrrhl.
with one hundred ACKNOWLEDGEMENTS, oiyour oW
c Manhnt;an Pank with fifty thousand dollars. 1t
= sides hundreds of others whom cunnoi row rcco
{ cct? Talk about the honest banhs Hid The
y not all suspend, and refuse 10 pay the goycrmci
" cen, when they had thirty millions ul dollars
their vaults belonging 10 the government SrI
T. posiur we had been at war then, we should hly
! found ourselves in prctr, situation; money cuoug
L. hut could not get mill, because the l1m|s did n'
y feel disposed to pay. Now, when the goyernncr
wants their own money. they can get i! wiho,
asking the permission Of The hanhs.
&c Wing. H1cl' must acknowledge ihat ! hay
never seen the Suh-'Irca.rry III this light before,
i think much better of it, and believe imi will SUI
port it. Good mouug.--.I. I.Ntr Era.
u