The Yazoo Whig and political register. (Yazoo City, Miss.) 1840-1842, 1841-01-15

From The n. z. Times and Eve aing Star.
s BANKING IN THE UNITED STATES

From the ~ " Times and Evening Star
BANKING IN THE UNITED STATES.
We publish below an distract Of tile pro-
gresss and political history OF banking IN the
several states and territories Of the Union,
from 1880 to 1886. The Jackson influence
which predominated IN the majority Of them
during that period, was favorable to the in
crease Of banking institutions, and they were
chartered By the Jackson legislatures as fast
as the Increasing BUSINESS Of the country
demanded them, and possibly, in some ca
ses, rather faster. AS whole, however
with the single exception of the war upon
the United States Bank--the policy of the
jackson party toward the banking interest,
up to 1886, was fostering and conservative.
e boots not now to inquire whether the To-
cal Institutions were encouraged, sustained,
and increased in number merely for The pur-
pose of playing them off against the levia-
than Of Pennsylvania, Or from more ennobl-
ing motives the effect was Immediately
beneficial, and therefore the policy Was popu-
lar at The very time when this policy was
developing itself, arose Q little antagonist
faction ii the city Of New York, whose apow-
ed object was the annililatiOn Of al banks
To this party Mr.. Van Buren,, soon after lie
became President, allied himself His spe-
Icial organ, the Democratic Review. called
them Reformers, . and their doctrines, iIEu-
miauted democracy; declared that their prin-
ciples were those with which Mr. Van Buren,
had always been identified, and announced
that he had endeayored and was still endea-
vored and was still endeaYoring, to carry
them fully ont in practice. He has done SO
to the best Of his ability, and the people
the democratic wings and the flower Of the
old Jackson party, forming together an inn
mense majority Of the freemen Of the Unit
ed States-haVe hurled him from place and
power. Everywhere the old Jackson men,
who from mistaken sense of honor or from
dread of political prescription, gave Mr.. Van
Buren, lukewaTm support at the late cleo
ton, are forsaking him, repudiating his f.
nancial measures, and returning to theirold
conservative principles. They see in the
elevation Of William Henry Harrison, a
s.DEMoCRATIC RESTORATION, and are deter.
mined to stand shoulder TO shoulder with
those who have preceded them in the path
Of duty in sustaining republican admins.
tration.
Number ofbanks and amount of banking
capital created frou January lst, 1880, to
January LIST, 1886 inclusive. Showing also
the political character Of the different legis-
latures which chartered these banks.
= MANS jackson during the six yearsl
had in 1880 is banks,with banking CAPT.
tai Of So, 050, 900. In 1887, the number of
banks had been increased TO 50, and the
capital to SIS ,535, 900. Showing an increase
Al banks, and Of SIS ,4S5, 900 Of capital.
NEW HAMPSHIRE jackson, during the six
yearsl had eighteen banks in 1880, with al
capital 81 s ,,791 ,67O. in 1887, therewereI
twenty-ihree banks with capital Of 3d.
Cos, 30e showing an increase Of Eve banks,
and Ss7I ,68s Of capital.
VERMONT lanti Jackson, during the six
years had ten banks ID 1880, with capt.
tai Of 1892 625. in 1887 there were thirty
banks with capital Of So, 200 900 show
ing an increase Of twenty banks, and S ,757,
375 Of capital.
MASSACHUSETTS lanti-J ackson, during the
six yearsl had sixty-six banks in 1880, with
q capital Of $50, 430, 900. Ii 1887 there
we're i39 banks with capital Of S q, $780,
600; showing al increase of ~ banks and /
$40, 4l0, 900 Of capital
RHODE ISLAND Jackson ID $40 and Ia
1885, aud anti-Jacksen ID 1881 and ~. (
'S3, 80 had ii 1890, 81 banks with capi-
tai Of Sc, s. 1927. Ii 1897 the jackson
had Increased the number Of
banks 8, and sec, 900 capital. and The
antlsJ ackson administration had also increas-
ed The nnmbeyof banks 8. and capital Sc, +
~ DOB; showing az increase Of $685., sos
- I'LL ~ SO