The Yazoo Whig and political register. (Yazoo City, Miss.) 1840-1842, 1840-10-09

the people 81 the United States that tie cur
rency Of the country needed 70 Be made bel
ter. He said shas lhe amount 81 specie Il
general circulation, was 100 small il pgopor
ton 70 The amount Of paper, and that III
former ought 10 be increased while the latte
should remain about where It then war Iii
farther informed the people, that the Genera
Governmena could exercise controlling II
auence in ibis greatly desirable matter Is
very considerable extent, and ia the follow.
ing manner.
1as, By its power over the charter Of the
Bank Of the United States.
"a. By iss managementof the public finan.
Ices, and
Sd By The Mint Of the United States.
Wei, from thai time g he present, he
administration party have had exclusive and
uninterrupted control over the charter 81 !
United States Bank, the public finances and
the Mint. So % 1880 they commenced the
process Of increasing the circulation Of specie
ia the general business transactions 81 this
connsry And for several years they fre-
Iquently congratulated themselves and The
country upon the great progress they were
making IN this benevolent enterprise of in
creasing the circulation Of specie.
Every message which General Jackson
sent ~ Congress, after the plan was first laid
out and commenced contained most loud
and hearty congratulations upon this impor-
tant undertaking. Every now and then 4
shout Of triumph far above The notes Of graf
ulation was raised upon the auspicious times.
lee Van Buren, said il Bis Sherrod Williams
letter. ''now opening upon the country
Well, they continued 70 labour. Sometimes
they laboured hard, but were generally in
dustrious ell the while. And they, the whole
party Of them, have laboured from 1880 un-
.sil 1910. ten good long years, in this greatly
benevolentand praiseworthy undertaking Of
increasing The circulation Of specie il the
United States. When they commenced. &C.
cording % the most accurate calculations.
there was only about from sixty-eieht to
seventy millions Of specie ii the United
States which was actually in circulation
The amount Of increase, the result Of this
ten years labor Of two Presidents, forty
thousand government officers and about one
hundred thousand other specie increasers Is
not precisely ascertained for We do not know
exactly the amount ii circulation now. We
think. however. that there isat least is many
thousands as there was millions then.
AZ respects the circulation Of paper, how
ever. we can form some correct estimate
from The official statements of the Secretary
IF the Treasury. Some Of them are as fol-
lows:
y 1880 there were $50 State Banks with
united capital Of SI1I.I92, a68.
Inl8s7 thefe were s23 State Banks. with
united capital Of $378 ,421 1913.
NOW there are Upwards of 900 State banks.
This Is the way the people of this country
ave been humbugged for the last ten years.
81 the above facts no one win have the hardi-
'ood for moment to question. And vel
IS red-hot loco-foeo now and he will tell
on that the labours Of The administration ara /,
increase ne circulation Of specie II me
Jaated SAFES. Is this not the most farcical
ever attempted and carried on
hongss any intelligent people ever known?
tKRHIBIE ExPLosIoN.--.4 great screen !,
fountain bursted with most tremendous
xplOsion on the Ist uIt., and sirewed the !
mole State Of Vermont with whiggery. The =
lock was seasibiy .teit at the city Of Wash =
igton, 50 much 50 that very lage White +
ouses the residence Of a certain distin- Q
aisned gentleman, tottered upon it's founda- "a
"a e such degree that it is concluded. o
e Z val not Be tenabIe lby its present oc. i
lpantl more than very few months longer. Fl