The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1840-07-17

lHE BANKS AND FEDERAL POLITICIANS CON
SPRING TOGETHER TO MAKE MONEY
SCARCE AND oPPREss THE PEOPLE
FOR PARTY PURPOSES
The Windham County (Braltlcboro) Democrat
has long and able article exposing the political de-
signs of the two Banks Of that County in cur,aiing
their circulation. The Domocra, draws compar-
ison between the amount of their circulation for
several years past and now, "a shown by the re-
ports oflhe Bank Commissioner and Ranl; !nspec-
tor. The circulation of the Bank of Brat,lehoro,
April /, 1929, was $l55, 8l8; Sept, :, 1888,
$500, 50OS: Sept. 80, 1889, G9J,3l8 That
oithc Bank Of Bellows Falls, Oct. :, 1893, was
$l37, COG; Oct |, 1888, Sis, 706; Oct. 8, 1898,
SlOS, 95s.
The Democrat then remarks as follows
Thus it will be preccWcd that the average cir
culation of the Braltleboro Bank for the last thir-
teen years has exceeded one hundred aud twelve
thousand dollars; and the Bellows Falls Bank, up
10 October last, has kept in circulation an amount
averaging more than one hundred and ten thou
sand dollars since lis organization. The public
will here take note of the fact that the actual cap
ital of the b. Falls Rank is only fifty Thousand
dollars, while that ofRWttleboro Ban!; is seventy
five thousand. We have 10 official statements
showing the actual circulation Of these two Banks
on the first day Of March last, but if those in the
secret Of their operations are 10 be believed the
circulation of the Brattlchoro Bank has been re-
duccd to twenty thousand dollars and the Bellows
Falls to thirty-vc thousand But we will take 1t for
granted that it is Just $50, 00O, and that Of the
Brattleboro $25 900. We would ask of the Di-
rcctors in these two Institutions OF rather the two
gentlemen politicians who control their operations,
il such curtaimcnt is not unprecedented: In
deed is il not altogether unustiiiabc: On the first
A,v aft pt nIprt hn nrurn Of
two Banks exceeded two hundred and four thou
sand dollars during the month of FEBRUARY and
March it did moi exceed siyty-livc thousnnd--cx-
hbtng Il reduction of at least one huadrc3 Gnd
FORTH thousand dONars,---In short Il withdrawal
from active circulation in the short space of four
months, of one huRdrc{ ami forty MousaRd dol
lars Of the ordinary circulating medium of the
eoun'ry--whch is lwo-hrds of the average n
mount in the pockets of the people Of this coun-
ty at the close of the last summer
From all quarters we hear similar reports and
complaints, which is enough to satisfy every candid
and discerning mind that this unprinciplcd aud
dcspotic course is the result of previous and gen.
cra concert, at lIarrsburgh, or Somrwhcr else
So the ScrGws are to be turned down and down up
ON the debtor class of community until they will
hu..ah for Harrison This is no bugbcar sto~
~ conjurrd up for effect, but sober, II startling
reality It is species of coercion and oppression
when should disgrace any party IN 1rec govern
mcnt which should resort TO lt-nay, II should OPP
crate to the destruction at such party, aud the
instruments Ii mnNcs use OF. What Banks, Gre
ated by the people Tor the benefit OF the people, to
snler themselves 10 be converted mic engines TO
Cypress me people, TO oher themselves to be con-
verted into engines to cypress the Democracy OF
numbers Tor the benefit OF The Ar@'orracy oiwca|lh
II /, outroopous !, i. crupl Ru FIR v'h,, l.. this
punishment -" answer, for Pidr@g GRd Sps-
tanning !" Po~er mea ~ho are IA iaror Of popu-
Tar mt cWnl rights, ant for the PrcWmp'i)a Of
comforting for B9nh amt CorTOraii2a rgorm I!
Yes, lrcemen of w. to talk Of Reform is con''l,u-
ted chine, Of iha highest magnitude, by the Bank
and federal dynasty The ilr' Tuesday Of sept
must tell whether the spirit OF The Revolution has
departed from the mnd--wheth2r You will resist
these acts OF tyranny and OPPRESSION or bow in SER
VIE submission 10 the ROD ol in4uisoHi! power
whether you are maze Oh such mo'tlc as to iicH
hc hPhF net Smd'S you
hut we need not 90 abroad Tor evidence Of Il
combinations between the Banks and federal polit-
nIanS TO Cypress community, as punishment for
the crime OF concciyiug and cnlcrlning the ID lea
of R'nh Rctorm. For this awful presumption
has been especially marked and doomcd. few
nndgnIabc facts, whi"h we wish to keep constant,
~ before the publ, mind, will sltsly, will con-
vince, every candid man:
During the session Of the Legislature of 1888,
the Bank Of Montpelier left no means un'ricd TO
procure re-chartcr. II was succcsslul-ihc Di-
rcctors and iiiends Of the Bank were exceedingly
cla,cd at this success and had n sort Of Jubilee,
not over hayd ci3cr, in ioy cgbip but over sun
dry bottles Of T'inc, at the Parii'o!, (whcher
champagne or sherry, this dcponcn, sqth not.
We are crcdibly informed too that the Directors
went so far as To consult about getting new plates
for the issues under their charter, Nobody ever
heard an inima,ion tlmi The re-charicr would be
refused, till when !-1W after the Sept. election