Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1843-04-15
From, tie Indiana Journal.
A HARD-MoNEY CURRENCY.

tho Yedoubtablo Mr.. bento" Pu' W. ho''" o"o
which has resulted in Bank suspensions and ex-
plosions, Scrip-notes, absolute dearth OF specie
and pene,at5 distress, is the Locofoco humbug yet!
II stands shoulder to shoulder in the Locofoco
creed Of RELIEF, with Free Trade, Direct Tara.
sion and No Dissribusion of the Public Lands!
Lot Us adduce the proof Of this, because Lo-
cofocoism will change its position, as II ever does
10 a tweve>month.
That Party, although the authors Of them, p:o-
fess now an utter horror Of all State Banks
Their policy 10, if they procure the power, to wind
up all Banks as fast as their Charters expire /;
and to admit Of the existence of no Banks except
such as shall issue gold and silver as Currency,
and paper only Exchange, based upon the gold
issue. To say nothing Of the common and pro.
verbal slang Of the Roast Beef Party in refer
euce 10 Banks, We will descend TO a few particu-
lars Of recent date.
The Globe, the lending organ Of Locofocoism'
OF the l tn Of last month, contained letter from
Locofoco Senator Tsppan, Of Ohio, denyin the
constitutionality Of all Banks, and telling the PEG.
pls Of Ohio that they have for Bank Notes
that they have nothing to cell but what they
can ge, tho gold and silver for Senator Tappan
10 an oracle Of Locofocoism. Upon this letter.
The Globe thus speaks:
ssUe think with Judge Tappan-that the gradual x
JUNCTION Of banking u,,tiuto their present charters
expire the only Of prevention against the
Of the caiamitie that now overwhe the county
If banks be useful and sau'afy they mus, be
abolished upon the French mode!issuing SPECIE ALONE
for a currency, and paper only as exchange"
This is broad ground enough. II is the En-
TiNCTiON Of Banks as fast as their present
charters expire; and no Banks except such shall
is.us gold and silver upon the French mode
hat, ha Road o(,h he
Grafton Of Tho French mode upon the working
class quote short extract from a letter writ.
ten by Gen. CAss, while Minister to France, to
iec,ed, is a Locofoco. Speaking Of the condition
Of things in France, General Cass wrote:
sit is impossible for American the
of tho Working Class Perhaps a day
may be AVERAGE PRICE OF LABOR Mrongtout
France! a nd out Of thuTHE WORKMAN MUST FEED
-aND CLOTHE HIMSELF! And then come the
son; Of '..ert.Ga rnsn w1s1 s%" Ss a.'eonnaea
COMMUNITY SUPPORT
CANE"
JAMES WmIrcoMB, the I.ocofoco Candidate for
Governor announces his hostility, says the Loco
foco Indiana Eagle to call Banks, State and Ma
iional." So much for State Banks.
As it regards a National Currency, we all know
the sentiments Of that Party-,hey will have none.
When il was apprehended that such Measure
would pass at the Extra Session Of Congress- we
al remember with what unanimty the Locofoco
Party avowed their determination to REPEAL
its Charter! This tho language Of their
Member Of Congress. Locofoco State Conven>
tons held in Maine. Vermont, New York
and New Hampshire, in which resolutions were
adopted like the following. which was passed by
the New Hampshire Locofocos:
''Resolued, That the Democratic party of New Hamp-
shire, will support Candidate i'll the Congress
h,n,sclf to 90 for the ABOLITION AND UNCONDl-
TIONAL REPEAL OF THE CHARTER OF "a
TIONAL BANK piieh may be created by the don,inant
party"
A, the head Of the Lpcofoco Indiana State Sent-
mel foa,ed the following. in lSfl:
"NO NATIONAL BANK to swindle the laboring pop
nlaiion."
General HOWARD, the great AM of Loco
focoism in Indiana, speaking Of a National Cur
rency says: ~ am OPPOSED to il in EVERY
"roRM and UNDER ANY NAME. No such In
"sti,u,ion can have support from me. II 10 the
"POWER and not the NAME tina, resist
JAMES WHrrcoMB, we have already seen, declares
himself against il. And now for The cap sheet:
From the Locofoco Indiana State Sentinel Of
the S,h OF December last, we take the following
delightful paragraph, viz:
"At Gibraltar there banks! There has never
been tho money Market and property under
goes no fluctuations SPECIE is THEIR ONLY ME-
DUN, Our Eastern Merchants know this. IN CUBA
there eonrrssions PAPER money countries
uinno bankruptcy-and the trade there amounts TO
x450000 year, and currency sound aud uniuc
.n.,ios: HOW Is IT THAT FREE AMERICA CAN
NOT HAVE AS SOUND A CURRENCY AS A DES-
POTIC CONFERENCE.-THE
This, now, is Locofocosm, this subject
Opposed to State Banks, to a National Currency
in all forms, and in favor of the French mode, the
Gibraltar mode and the Cuba mode of doing bust
ness with specie, 10 this Republican land. II il
all of piece with the accursed and revolving C.
diets of Martin Van Buren,, for tho utterance o
which he and his allies were "triply damned in
1910.
But this article is long enough. In another
column We advert to the effects Of this miserable
policy upon the People.