, 1840-05-02
FOR THE
MANY NoTEss.

MIR. Editor-lt was stated IN a ommun
cation which appeared in the journal of
the 9th of February last, over the signature
of "A Working Man." that the number Of
banks in the United States at the time Presi-
dent Jackson re'oed the bank bill passed by
congress. in 1882, was /" near 300" In two
subsequent numbers of the journal" the
public were favored with Two Iabored arli.
Giles in reply to "a Working Man" over
the very appropriate signature Of Huge
Pau!r' In the first of these articles, the
writer, has given proof positire of his vitiated
taste in the use of language suited only to
the taste of a common butaon. And he has
been equally distinguished throughout the
whole curse Of his silly efforts TO mislead
the public mind by round assertions, which
cannot be sustained by any well authentica-
ted record evidence.
Huge Paw says the number of banks in
the United STATES. at The time OF the ueto in
1882, was not much over 400!' And fur
Their adds the unqualified assertion. that in
the year 1887, the number of banks in the
United States, did not exceed 634. And
then concludes his calculation by fig:res,
with the further assertion, that "the-e is not
at this time, 900 banks" Stick a pin there
Mr.. Huge Pau." And now for the facts
of the case, which have been procured from
the highest and best authority in the land.--
In Variants and Watterson's STATISTICAL Ia.
bles, published in Washington city in 1888, a,
page 2O6, the number of banks in the United
States at the time of the hank rety in 1882 is
given at 679-erciusiUe Of those banks then
in existence in the states OF Kentucky, Ms.
sissippi, Indiana, Illinois and the territory OF
Florida And in the report of the Secreta.
~ OF the treasury, made to the United States
Senate on the 9Th Of January. 1910, the mum.
Der of banks at that time, is stated to have
been $50! stick another pin there, Mr.. "Hugc
Pam" And now for results which were
produced under the operations Of the great
"reguldtor of the currency"
II will he recollected by those who were
living witnesses at the time Of the establish
ment of the miscalled bank of the U. States
by congress, in 1916, every species Of pro
duce raised by the farmers. was in ready de
mand at fair prices in specie. But mark the
general ruin, and low prices given for al
kinds Of produce in the year l8I9-beins
the third year only, of the great "~regulatO,
of the currency" Cotton, the staple prodnc
OF the southern states. was reduced from "a
to 10 cents per pound. Corn, WITS reduced
to 8 and 10 cents a busheI. Wheat, fell ir
price as low as 95 cents per bushel; anC
Flour. IN the states Of Kentucky, Ohio anc
Indiana, was sold as low as three dollars pc
barrel; and in Pittsburgh, it sold ms i,w a:
one dollar per barrel! Horses, cattle, ant
pork, suld in those states above mentioned a
corresponding low prices. This is but
faint picture of the g hardness Of the times
which was seen and felt under the reign O
the United States bank. nine long years be
fora Genl. Jackson filled the presidentia
chair! Then there was no blame attache,
10 the administration, for the "hardness @
the tines which was felt by all classes G
our citizens 10 every portion of the country
But nou. the first thing we hear from a Fede
raj .Whig" merchant, trading upon borrowe
capital, is the cry Of "hard times," and d ours
pronounced upon the administration Of hi
country. If we see a dashing dandy, wit
a gold watch and safety chain, and gold fir
Ger rings set with the most costly diamond
and a pold-headed rattan in his hand, OF
.ars are saluted with the cry Of hard times