, 1840-02-08
GFo, THE SALT RIVER JOURNAL.


MEssa. Eurons:-Rec.nt events, have
in Iu:eI m, II ask the iLv"r OF a pllc, in
the columns of your paper, To say Il few
words in reply, by wIv al realization oi some
uf the mlny false chirges, which have
been Il III ,usInd ,i'res reiterated, against the
late AMI present administrations ot the Gel
erli Goscr3me1i. respecting the true cluSe oil
the suspension of specie ply,nent by the
banks in 1887, AMI 1889; AMI the general de-
ran ren.nt OF our "hnneiary Affairs duri1g
the Isl few vars. Il has for minr years
been the principl II action of he .fac;to4S mr.
1riy in p hIucs, D,lh n All OF. oi or
gress, to o2,,sc every MEASURE al The ad mn
i~s,rL'i,n ~ the gn,st vehement IN inn.r, with
out ever prop,iiay any r.!ieI tr the evils
CD n~plliDei al, except c maze o' situitI'n>
betweea the ils al 1 II. 0 a.. IL Is iIci
which aim.ts of no d al Al la trati, tat the
wiole curse of IN, purity ms opp 'Set 10
the Oft rep-l,eJ expressions ui II. wiIl ii an
overw!iel,nin !, IN ljnriiy oi the p.o.'le al the
I'm lied States. goes To prove most conclusive
Is, thlt their highest ani most pttTiotic am
biiion is the ait lunment OF POWER. Hence
their reckless, e.forts 10 produce a chlnge IN
the public mind suili :ient TO install themselves
safe in oIic,.
Ii i, rather anpsiag than otherwise, to
h.rr the self:styIei Wings of the present
d " All tine, co:n.%, .ainin Of hlrd II mes and
a shin plaster Currency AM Ia witness their
silly Efforts l., p I'm the evil OF winch they
con d lin, Oh the Den ,cratIc putty.
Nov let us lu,k blck Ia this cJG'hIps al
minIstrl,Inl which ::i IN Tie IA
diy of " arch 1925, with JDlr =. Alan
pre,i lent oil tie UiIlri State. al ll.I'v
Cav hr, Sccretrry OF S ate, All Il ne
!t,,. w.en the u ute.l States u AK was IN
ful Operation. ana see what the times were
then. DIrin. the four years ,nisrule by the
c. IAi,ioa a nInI'tr Itlon ot M-s'r'. iin'
an | Cl,y, IN the stites west oil the noun
TINS, the average price OF wiea', WAS 37i
cents per bushel. Corn per bu'hel, aver.
AGED a, ,ut 10 .ents. II. price OF saroni
rate c,us an l c Iic.S, W Is lrJn 6 10 o doilIrS
per head. The price of pork, WAS frbm 81,
To S!.50 cents pr hunlfeI weight. horses,
soil Tor a prooortionate prIce-as did every
other article raised or produced by the
farmers of those days. And what Is still
worse than all this, Is the fact, tn It the sur
plus produce Of The country, was not cnShed
ut tie l,w prices above stated, either IN gold
or silver, OF N the ,gool currency ot the
B INK of The United States! Ii WAS them
lrast for piv, inc what the farmer had Ia
sell, = il. ,vls ron.,ellci 10 suffer his surplus
produce To remain upon hr' hands, ar give II
10 the merch rats a, cash price, in excninse
Tor merchandise at prices vastly higher than
good. of the same or superior quality are now
Sellin, fnr. These are some Of the good
,hin.s with which the workiag men vi the
country, were blessed during the greater pnr'
ion of the existenc. of the great Regulator
Of the currency. Tie bank Of the United
States, was u monopoly in the hands Of Il
fs " spectators, and during its entire exist
ence, was used 10 depress the labuurins class
es of the community. AMI l" enrich the deal.
ers in sticks and foreign merchandise; and
such would be the beneficial ELECTS upon the
Country for all time to come, should another
in ,,i,uiion Of like character, he created or
established ty Congress.
As it ~r.lItes To those Blinking institutions
Which received their charters from the sew
erAl state legislatures, and generally de.
nounced by the bank p,rty, as sshinplasier'
institutions, one not familiar with the facts
Iof the case, nigh, b lead BY .Whig' false