The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1842-06-30

e.u,.s ~ ; uts. 'fFa'a a II. nasi 70
erl.e - &c n. saerss. sd ih-rehE
Gsrs ne v.lss 4 PsoPersy dswa = thai
STANDARD. ~hi'e me lars iAlss rni on'
~ese eaaseEirl inia prapssiv ste hieh-
81 pspea sslar. M aeaaer iAsi ssrh
iraasa .ilaas hsss FgiRsi he psaPis.
Bal. Il nay kr dsaan3e1. shat hss III
tbs % 10 vlsh the imP.a's, - shirh we
aser.he 80 naeh Of the geasral emhauass
neal Ne nos Prsrrrd - fslabllsh ths
csareEies. By high Dsmsrrsuc aslhoFi'y-
II q BE tue that ma.t Of this baking r.
p.tal wss mt gid sHd silver, 81 iare'gn
merehaadasr. thea 0ar asgsaeai = sirir
saaus, lhag the i.nrartsnsrr and shase Tie
actual produce senl iran airs country g.
nav Cor then. lsl dad bslsaee, - prey
en- ne re.asrees 81 he people. THIS is
What .e So .ais.ed 10 DE article ~ ~l,ieh
Ias Fig has lssisbed is reaeeiians-
The Fig alails. wish ~. that the DIS
iFssses 4 he eaasssY were naisAv Predue
ed by me hslznce 81 uale. q ~hich we
ssss n sxpIsnaiiaa. We shall now
rsa.e thai his IisRUei fsighifal bsisncs.
wss ocessiaaed by ti,e stimulus f,r new
b.sks. and bsak expansions. wi'h which
Gea. J.rkssa esssed the public mind
when ne removed the depnsiles. O his
pa.iey. we hare el.en some evidence by
sa erwsel RON The Giabs. and fron aiei-
tse sl ia Secretary. Il nos rsmains far
% % show the relation betwsea banks
and iRporis.
60 b. speech delivered in The Senate
ofIhs BHissd STATES. ! snusry Q. 1870. Mr.
Bsslsa aaied that IRON i635 10 1898. the
saapal II che Safe debts contracted in
Esssp<, "a. slOs. 223 sos. oul Of ,hs
aus hundred and seventy millions crest
cd q al times. Alter specifying The drbss
drach Ssa,e, the Sums used Cor banking.
rsasIs. rsil-ra ,ds, iornpikes. &c. Mr.. Ben
Yea rem .rked. A.. And here | can say ia
rrlef. and With sorraw. that almost the
whsle amopat Of what The States received,
vas 10 Briii.h dry goods-noie even eTare
ries. issy tun gIirf. and ~i,h sorrow, iha
samoss the whole amount q shat The sir
area States received lT ihrir sterling
bsads hear,nR . sxihag ialeresi which
viii M, 3. less fhsa Ten per erni. 10 chs
p-s,a- ~ho p.y Il, vas British dry goods,
SL.nh have been sold Tor paper money.
60 construct reads and build up psPeI
sysiem banks. This 10 what ne have
get Coz 10000. OeO Of sterling debt
sa.a. -...... -. .k..s DIE IL kon.ls
we're sold Cor hink credits in Europe o.
abe Aaaass rities; bills of exchang. arrs
pad by the merchants in paper moneys
sad this paper money. returned 10 The
hanks f,om which u came. Thus. the
shole nperaii.n was . circle Of paper
eoine soaad and round in paper. aud end
aug IL i,s own extinction. and never emer'
gag iran The paper circle but once. and
fsen o. eject imporiaiions OF British dry
gsods. fhe goods are worn ou'; The pa
per moaey has returned 10 The plsee IRON
whenrs II came; the operation Is over; and
nothiag remsiYs ef the transactions bu
lhe sl7p. 600. 900 of debt. is desourinl
iatrrssi, end the banks. canals saJ roads
which represent IT, The whole Of these
bank. have faded once. and m.sl Of them
s~see. IN two year.; the greater pTi oil
she roads ae nri vet flushed. and Of
those flushed. several are unproduelive.
We close with single remark or two,
--Iiaw il hsppened thai 57l banks were
chartered in ten years nf ten, Jsrkson's
ae5 us. Van Bprrn's administrations,
apg at,y 230 during ihe time 81 oil ,heiI
pssseessssrs;--and WHY The 5 ale debts,
r.p.raci.d within The same period,
smnun,ing % 100 millions 81 dollars,
while the same. under ali preceding adj
rpinisTaiians put together, did not exceed
sweny seven millions; are questions which
che Degenerate patty have refused Ia
snswrr =, We bar n public opinion, bu,
fSsh.k history vii hmd them respon
HE. These are facts. registered ia the
s.chives oi tho Government, aud viii
sgpsk long .i,rr their authors have passed
4, lie tomb. Ii ~ill certainly be treating
Gen. Jackson aud Mr. Van Buren, with
kuda.ss. u t:,er political friends val
ssI.Iam Iecuy 10 The cslsmilIes which now
I'll 81 ans oEerspread tue land. For out
ga p.rt. ne take little pleasure in reviv-
ms The recollection. Of those fst i stride.
which the Government look under lheir
su.picss. towards corruption and decay
an had no, The Fig abused our i,bersll,y
this references 10 ILs past. and expasure Of
democracy. would mol have been made,
=, line when we preferred breathing az
s,mo.phere Ear purer aud mote invieoral.
aug, ihsa that ~hich has bern tainted
s,,h The pall,icsl wees u the lsst Dozen
sesEs. .. ~
fsem the I.ex;ngton tSs.l tatslligencer, Of
lane 10