The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1840-01-31

1886 $50 2l6,S75 295
1887 S23 378,42l 16S
1t will be recollected that the first U. S.
Bank continued up to 1911, when its char
ter expired, and state banks controlled the
entire business of banking up to 1916, when
the second u. S. Bank was chartered by
Mr.. Madison. In 1911 when the first bank
expired there were 50 state banks; and
when the National Bank was again revived
in 1916, they had increased to 246, being
15S in years.
The second U. s. Bank commenced in
1916 and continued to exercise the undis-
turbed business for which it was created un-
til 1880, when Gen. Jackson arr aged the
government against it, and declared in favor
ofstate banks exclusively. During this Pc
Rod, being ii years, state banks increased
from 246 to 32s, being So, or an average of
6 year. From 1880 to 1887, during the
reign of state banks they increased from 329
to 623!!!-annual average a little over 70!
The capital of state banks increased, in
this period ofstate banking, from Ill to 81 8
millions, in six years. Annual average in
crease of state bank capital during the ex-
istance of the U. S. Bank, $l,5l9 ga
Annual average increase of same during the
sswar" and since the destruction of the us.
Bank, S44,53s 1901! Forty to one is the
ratio in which Jackson Van Burenism beats
the Wings in making banks.
From the commencement of the govern
ment up to 1880, something over fifty years.
the states created, besides those which ex'
PRED, 800 banks, (and l5S of them in FIVE
wears fthe non-exis:ence of the U. S. Bank)
and from 1880 to '36 the number created
was 494! In six years ofthe administration
policy, the states made more banks by l65,
than the whole country before them! Yes,
reader, FACrs-notorious and undenied facts
prove, that when Gen. Jackson passed SEN
tence of death upon the National Bank in
1880. there were 800 state banks in the
United States, with united capital of
trifle over Ill millions and in 1887 when
the better currency was furnished 10 the
people, the banks had increased to 623, and
their capital to over 379 millions. While
the better currency" was making, State
Banks were made at the rate of serenity a
year, and before that process commenced,
at the rate of sir gear. So much for facts,
stripped of sophistry and empty argument.
But how is this matter in respect to our
own State? Second rate politicians say that
ssa United States Bank fosters and increases
State Banks" Well, let US see whether it
has done so in Mississippi. When we bad
a Branch of the United States Bank here,
we had, if we are not mistaken, three banks,
with a capital of seuen millions. Since its
withdrawal, the promised "better currency
has been coming in, and they have increas-
ed to tDentyfour with united capital Of
over sIxTY-rHREE MILLIONS.
It is seen now that during the existance
oe National Bank, the whole history o.
the country through, State Banks have in
creased only about in proportion to the In
crease of the number of inhabitants and
business of the country. And that GIsDGy'
during the nonexistance of such an institu
ton they have increased with fearful rapid
ity, flooding the country with immense a
mounts of irredeemahle printed trash, rob
ing the people of their substance, enrlchlng
few spectators and money shavers, and
doing any thing else beneath the sun bu'
redeeming the promise of Gen. Jackson,
repeated by Van Buren,, to furnish the PEG.
pie with a "BETTER CURRENCY"