Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1843-04-08

law, in the progress of He who could
the country tho midst of like that which
witnessed, which is again hand armed with =
few thousands of ready cash. might il he had the hard
of heart 10 il, buy himself dukedons Out Of ts
farms Of industrious bat r4ined yeon,anry
But This ALL You sap the morals at the same
time thus rudely shake the prosperity of people
Their will be Legslatire and,
FOLLOW in other words laws prevent the collection
of deos (for what legislature Withstand the appeals Of
hat The cRE9ToS s OF a HosT OF B. s.sxKs
pend the blow, but ~iH make ii (aA the HEAVIER AT
LAST. And then instead Of SAT; aSi SOUND ss,,srsy
ATED AND WORTHLESS MASS OF TRASH,
which will pa.s into the hands of the people, and there
sink nothing, leaving them to bear the loss !.'
Reader, is not this almost like the inspiration
of prophecya In 1882, Mr.. Ewing foreiold, that
instead Of the good Currency we then enjoyed,
the destruction of the National Currency would
produce u reduction Of property which would en-
able the heariess Spectator, with few thousands
in cash. to buy himself "tiukedoms out of the
farms of ruined yeomanry!'' And has not
that prediction come TO passf Look around and
aboo, you--ook q, home! As the result, Of that
act Mr.. Ewing predicted. in 1892, Relief laws;
SHE creation of host Of Banks" which might
"seem for time TO suspend the blow, but will
make ii fall The heavier at last!'" A "worihIess
mass of paper trash, deprecated and sunk in the
hands of the People" Is the Prophecy true,
Readerf IL was The prediction of lS32-this 10
1913!
Hear Mr.. CLAYTON on the same subject:
s'The prediction Mr. Lownas 1919, be fulfill
ed, the of the United States Bank
be oored by establishment paper money, rrny
believed he might also say ae,e The farmer must again
sell grain country merchant Bank
at discount Of from ten 10 tcenty H,ry cent.
The cty:. The mus, re-
from the the exchange for all
ey purchase other merchandise Cities
often sell advance that price, tho former of
twenty per himself from loss Tho deprecia-
of the pape. operates tar tie farmer. the
mechanic, and all the of merchandise. the
total arrangement Of that admirable system Of sreonges
which acknowledged 10 be better exists in
capital every par, country, rapid fues-
alton in the standard Of value for which, like the
the in ignorance Of the of his
ton bankruptcies and ruin, tho anticipation of which
the heart sekens, must follow in the long train Of evils
which assuredy before s.!"'
Reader, do the FACTS in 1913. correspond
with this prediction Of Eighteen-hundred and
thirty t,eo.
And now hear HENRY CLAY In 1915 tho,
Statesman uttered what follows, viz:
There being longer any sensin. ut tho head Of
banking them by its information and
Of approaching DANGER the local Institutions al
ready multiplied alarming and almost daily
restrained en.isnon. al The eanneis ,oiH Be sorged-
Property will rise high. and constantly look
ing up the temptation to psrcase r he irrensble. In
speculation will ensue, debts will be freely
trac.ed, and when the of adversely comes. come
it must. the banks acting without concert, and without
gude obeying the law Of se will at the
time call their issues the number will sxsggeras
the aarm and general Distress cide spread rn ana the
explosion the general banking systena, tho establish
a bank of the United States, will be the ulti-
mate efects''
Here have we the FACTS. At tho very TIRES
HOLD of our pecuniary arrangements; at :hs ve>
ry instant when the fatal deed wac done which
overihrew the stable Currency Of Washington.
we find the wise men Of the Wing party predict.
ing the very results which exist and bear
to the earlh aud warning the country against
them! It was that period also, that General
Jackson. as HE Messages quoted by US demon.
s,rate, urged, nay, forced the States Bank system
upon the country! LIE, US urge the Resdes to
read again and to preserve the extracts We have
quoted. They will serve, a, leass, TO remind him
who the true aCounsellors Of the Nation. be-
| fore the first rash step iakenl
Our mex, number, this subject. will be de-
voted to the origin Of the State Bank Of Indiana.
How forcibly this prediction of Mr. Ewing call
mind language by Locooeo Senator BENTON in
1897 In that year, the of tho Bank nnasion thus
imitation whose effect, Mr. Ewing said
would be the blow but mako il fall tho
hearier ast-Mr Benton used the following language,
in reply 70 his friends invited him paraks
a public dinner. Read il, and Loeofoeo with
Democratic Wig wisdom IL 1897, Mr.. Benton thus
81 congratulate you. gentlemen the success of Gen.
Jackon endeavors improve the condition OF the cur
rency."
..wh.s would the FARMERS NOW say to a RE.
LAPSE from PRESENT prices those OF lo25,-6-7-e,
rhen Hou, ,cas FOUR FIVE DOLLAkSa BAR
;. REL, and erery thing else IN propor'on'"
From The Indiana Journal
TO THE PEOPLE OF IxCSxxA
The LoccsSso rarity and the system Of Inserpal