The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1840-08-07
I2,ilS majority.
l1O,9iS

The above calculation was taken from whil
paper, except pcnns, lvana and therefore they
whose organ It was, cannot object 10 it.
This statement exhibits some curious facts. II
1886 Nir. Van Burcn's majority was 1918 votes
When congress met in Srptcnbcr 1887, the poll
TEXANS iorcSaW that the suspension would produce
an embarrassment amongst the people, and cSpc-
caIIy those depending on banks 10 carry on then
business. \ war Of determination was wagcd
against the administration. The whg orators pre-
dcicd great distress, and made many panic speech
cS, and circulated them amongst the people. The
banks, To aid their friends TO fulfil their prediction
put the screws on the people, rs will appear by
their own returns on the first of January, 1887
when their loans and discounts in the ncd States
amounted TO S525, llj,7O2, and Oh the first OF
january, 1888, they only amounted 10 y. 49,
G3 ,GSi being contraction in one year of ID. 80 =
ISi,0lj. Such sudden withdrawal of acc0nlrno-
dnllons Of such large amount of money, could
have no other effect than TO embarrass business
men. This was all charged TO the administration.
and therefore had sonIc effect on the public mind
in 1881. The change against Nr. Van Buren, ON
the popular vote at the election was l25 92S votes,
At the extra or called session. Mr. Van Buren, rec
commended the Independent treasury system. 1t
then became the subject Of attack BY the opposi-
about 1920 votes. This subject was canyassctl
freely by the people, aud in 1889 the "sober Sec
ord thought Of the people" made change in ia
yor of the administration of l7O,Gls votes; and
yet with Iii, fact staring YOU full in the face, we
are told that the people are opposed 10 this great
national measure. I he gentleman from kcntuckp
Mr. Nhiiel Informed Us that he would prove bv
all the modes Of affirming public sentiment. that
the people were opposed to tins measure; but how
did he fulfil that promise He took up the returns
of 1896, '37, and '3S, and then stopped. The
returns Of 1889 did not happen TO answer his pur-
pose. and were omitted by him.
We are charged with being enemies 10 the banks
Of the country. How il this charge made on, -
We are dcsrous to coniinc them 10 the legitimate
business of banking, and then they will be regular
They can always calculate with certainty the en-
tent To which they can accommodate the public
bat while ever their accommodation depends ON
the pubic drposcs, and commerce llucuntrs as
II has done, we must expect those sudden rcyul-
sions. But, sir, the banks may we'll cxcain, Save
me from INV friends" They have charged over
and over againtlat we will destroy them by reil-
sing TO let them have the public money; aud also,
refusing their notes. " hat inference is TO be
drawn from this' Why it is that the banks can
not stand without being proppcd up by the Gov
crh'neht. This Is what their prolessed friends say
ol Them here, aud think great injustice is done by
II TO such OF the banks MS are sound. But if this
he true, That they are in this condition. so rotten
us 10 ne unable TO stand alone; il is another good
reason furnished by yourselves. gentlemen. WHY n
separation should take place. would prefer The
specie clause, and cash duties, going Immediately
into effect, so as 10 prevent foreign merchants from
trading on the credit given them on duty bonds 10
the great injury Of orr own merchants and mann
ficisrers. " the government was 10 continue 10
receive the notes Of banks every bank in your large
seaports would be subject 10 il, will, for il could
destroy them at pleasure, By receiving their notes,
and then calling on them for specie, when they
must either conply with ils dictates or be so Grip