The pilot. [volume] (Baltimore [Md.]) 1840-1840, 1840-05-01

speculator who had borrowed largely from the banks
to sell western land to pay his bank debts.
Do not these facts prove that the present calamti
Gus condition of the country has been brought upon
us by spectators, who have used the banks to buy
the public lands, and have then used the power oil the
federal to force specie west so as to keep
up the price of land until they could sell the land
they had purchased.
WHO ARE THE SPECULATORS.-We yes
terdav gave extracts from an official document re-
ported to the Senate relative to the speculations in
Indian Reservations and accompanied them with the
declaration that These reservations were introduced
into the treaties, for the purpose of enabling the com
panies formed to speculate in Indian lands. We to
day submit table taken from Mr.. Woodbury's Off
cial report in June, 1888, the Banks showingthe
effect which the specie circular had the banks and
banking-spreading ruin in the Eastern, Middle and
Southern States, by compelling the banks to curtail
their discounts S4S,09l,6S3, while it enabled the
banks in the South Western and Western States, in
which these spectators had purchased lands, to in
crease their discounts 50 ,S02,713.
We continue our extracts relating to these frauds
that the honest laboring man, who is made the vic
tim of these speculations, may see the source from
whence his suffering comes, and that he may form
some idea of the frauds perpetrated under the trea
ties made an1 sanctioned by the party in power.
We would ask him then, to look at the in
which General Harrison has discharged his duty-to
contrast his treaties with those made by the agents
of this administration; and appropriately find in
the St. Louis New Era, the following remarks:
oAnd lastly (says that paper) we advert to the re-
narkabe fact, that during the time Harrison was
governor of Indiana he effected not less than thirteen
treaties with different Indian tribes, by which the
United States acquired the possession of sirty 1L
lions of acres Of LanS These treaties were ali made
by m as sole commissioner, and the best evidence
OF their having been effected with skill and talent IS,
that the provisions of every one OF them received the
sanction of the President and Senate of the United
States"
Now compare this with the following extracts from
a report to Congress- made by the President of the
limited States in reply to resolution of the Senate:
EXTRACTS.
Eas Miller Leris Cass, secretgy Of War-page I3i)
~ further state your Exceency that this company of
specuars seek throughout the whole country for the best
and most valuable sections fractions aad; and having
of Indians sqbservient to them VIEWS locate one on
each and Immediately purchase H. Their plan purchasing
so much artee, OF which, perhaps they entitled
to the invention. They the Indian down in hard money,
(genera abon i've hundred doars and one OF them takes
in on rev piees ifnn ut e. ,ng or W, ;6 ny
back IRON MIN III eAelidhge ioi a'''i"s P' WHICH "e
prizes muchhishef."
r. j. Meigs to The Secretary Of War-(page 1863
MeNAIRs, June ii, 1884.
she mpositions arc pracsed in the making and
summation OF contracts but alter the purchase money has
paid As this Is done, the Indian Is enuced into
room land Is said for the most part by the purchaser
himelf where he piled with wskey, till he is gotten into
humor be wheeded out OF his money, by loan or other
wise morning he sfound dead IN the Streets red OF
his money except instances flew dolrs and the
mort is al once put circulation that he has been robbed Of
has lost it,
p r Mdys 10 the serretara of War-(page 1857