The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1841-01-08
From the Globe.
THE GREAT PAUPER ON THE
PARISH,

PARISH.
II appears that the British Bank of
the U. S. in Philadelphia isDow COM
pleteIy son the parish" and only living
from day 10 day upon the aims which
are put into it's wallet. These aims
have been collected from three great CHI
les from Philadelphia. Boston and New
York. The aggregate is uPwar5s os
g, 600, 600 Of dollars, and is thus made
up. The other banks in PhIladelp phia
Iarnish 6,0OO,G00; the Boston banke
supply two and half millions; banks in
N. York s555. 900; individuals in New
York and 10 London S2i5 600; total,
80 300 900. Thus The Great Regula>
tor-,hat institution without which neI>
ther the Government nor the country
can exist, according to the FederalIst-
this institution is unable 10 resume
without borro wing near ten millons OF
dollars! What is This but 10 admit it's
insolvency, and 10 show that it must
soon break Up unless it gets permanent
relief from some other quarter! II can
not live upon loans; and these loans, IT
is well known ara not supplies of mon"
ey lent to it, but mere extensions OF
credi, on existing debts. That is all.
The grea, pauper has got her large cred
itors to hold back for nine months and
a year. These large creditors have Ia.
ken care to have security for The delay
they grant; while the small creditors,
holding the notesof the Bank, which
have been sent off in bales and trunk
Ioads, 10 be pushed upon the people Of
The South and West, even upon "Me
poor Indians" "!are left without security,
and will have 10 stand The crash Of the
failing monster. Neu,y ga ~,tI,VhA
or loans toresume on Thus the se+
cret is out, and The prostitute tongues OF
hireIng ora,ors can no longer lay the
"drstress" Of the country 10 the tam-
pering with the currency" The insol-
vency of the monster Bank has made oil
the distress l4er insolvency made the
suspensions of 1887; and 1888; her in
'soivency has prevented resumption for a
year past; and her Insolvency will make
a third suspension IN ,we'Ve months, IT
she does not get tho depositeS res tor
ed to her! Hence the called session
hence the new taxes-hence the cry Of
national debt, for prelext TO raiae
money! The monster Bank now on
the parish, cannot remain there long |;
she must be,sh'hed 10 The daton! She
mus, be qnlrted upon the UnIon. The
public deposites must be gwen back to
her-her notes must sgaIn be made
national currency, Otherwise she
blows up in year. i'he wants the pub
lie plunder, and must have il, and that
quickly. She cannot wait year for
regular session of Congtess-h is now
or never with her. This her attorneys
debtors, and hirel'ugs all know; and
they have set work 10 do what the con-
ditlon of their patron, client, and ally
requiles To repeal the Independent
Treasury; and 10 increase the revenue
,re the two things TO be done by taw /;
and these Two things Mr.. Webster ano'
%Ir. Clay are now attempting. Laws
ave to be passed for those Treo~u.
orders VIII do the remainder! With
the laws passed, the restoration of the
depostes can be made lnstan'er, the Iit-
" or hundred million Bank can CONF
afterwards. The laws cannot be pas
sed a, this session, aud, therefore, VT
are TO have a called one: and thus the
condition of a rotcu. corrupt, iraudn-
Ient, foreign institution, the notonou,
oen.loner Of politicians and editors, IL
the thing which gives color and MOTOR
20 the measures of the new Adminlstra-
lion The friends Of that institution
are IN Congress, The leaders of the now
dominant party; its friends will be IN
the cabinet; and the Legislative and
Executive power will be both welded
for the benefit Of the BIddle Bank. The
new Administration will support the old
Bank; aud the old Bank will support
the new Administration. 1t is a bit
ish bank; two-'hirds cfi's capital ate
held by The British; the British agent;
iu New York and even the Barings
themselves, arc among tho l'nders to
the Institution; and now that The British
capitalists in London have succeeded
IN "changing the American Executive
tho British bank in AmerIra mus; be
lndemniied for its losses, sacrifices.
and services for eight years past. The
public has heard much Of log cabin raIs'
ings this summer; they are now TO sec
a bank raising. The Bank of The U.
5. is to be raised, and raised from the
dead; che and all her hopeful progeny
the Morris Canal. the Mtr' hants' Bank
in New Orleans, sLd all the rest Of them
are to be raised from the grave, and pla
ced on their feet again. Puelic money
is 10 do this; but before that can bt
done, the impedment Of the Indepeu'
dan, Treasury mu'i be moved out o.