Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-04-10
WING AND DEMOCRATIC PREDICTIONS.
Prom the Jonesborough Wing.
WING PROPHECY

! The Hon Mr.. BINSEY, of the House of Representa-.
vcs IN the Congressional debates which occurred IN 1874
only nine years and III reply JAMES X Polk Of Ten
nesee uttered the following memorable prediction which,
though dsregarded then, has since been fulfilled letter.
at the Secretnry's plan carried effect there
would be hundred banks starting up take the pee
he prescribed United States Bank They would have
shooting out their paper missiles in all directions They
would come from the four quarters OF the Union"
Again Mr.. McDUFFTE of the House of Representatives
atplge ~ OF his able Report, made the 3h Of April
and thirteen years ugo says
ali the Bank Of the L. ). were destroyed and the local
institutions left without restraining influence the
rency would almost certainly relapse state Of un
soundness The very pressure which the present Bank
IN winding up OF Its Concerns, would make upon the
local insliuinos, would compel them EITHER To
eCkrAlL THEIR DISCOUNTS WHEN MOST HEEuED,
rEND SPECIE PAYMENTS. difficult 10 PIE dict WHICH
OF these alternatives they would adopt under the
stances IN which they would be placed. The mperious
wants Of asu:erlng community would call discounts m
language which cond not be dsregarded. The ybc ne
eeSs't,es pouid demand and public opinion rouid sane
lion The suspeSHOn at least eudsi0a specie
msHfs."
Now ask the candid reader if this prediction has not
also been fulfilled and with eEGefReSs uny suruassed
Oy the iulhIment of prophecy m Holy VIM Has not
the currency relapsed into of unsoundno since
the Jackson dynasty Frustrated the L. Bank bid not
the state Banks curta their discounts when they
neededsl Did they suspend specie payments again and
again! Have the Locoocos proved false prophets
IN predicting that gold and silver would supply the place
Bank issue! And have they proved be false proph
cts IN saying that we could get along without U. s. Bank
aud that the State Banks would supply its placel
Delaware not as more clearly predicting than those already
named what follow the destruction of the L. s. Bank
but condensed Mr.. Ewing was then a Senator
in Congress 1880 and has since been President Harrison
Secretary OF the Treasury. lie said the floor OF the
Senate:
Bu this is not n You sap the morals nj the same time
you thus udey shake the prosperity of the people. Their
first resort will he 10 Legislative aid and RELIEF LAWS
follow, or in other words, laws prevent the collection
debts, Cor whot Legislature Withstand the appeals OF
whole people suffering under general visitatonD or If
that, the creation of host OF banks with fictitious en-
piial which may seem for time to suspend the blow,
VIII make tall the heavier at last Aud then, instead of
the safe and sound currency which enjoy we shall
again have deprecated aud worthless of trash,
which will pass hands people and there sin
into nothing, leaving them 10 bear the loss"
Ma. CLAYTON then now able Senator in Congress
held language prophetic and impressive Ito said:
1.-The farmer again sell his grain 10 the country mer-
chant for State bank paper - discount Of from
osafy thirty per cent, IN the commercial city,
%c "Ihe loss of confidence among men, The total der
dHgementU that admirable system Of exchanges which Is
now acknowledged 10 be better than IN any ohc
country the Globe overadug and speculation on false
capital every part that rapid Gucuafoa IN the standard
Of raie for money ,ohieh, like The unseen yesienee,
ioitheTs all The c6oTts of industry uhiie The sufferer
IS IN utter ignorance ot e NJ his destruction bank
ruptcies and rum the anticipation Of which the
ems must follow IN the long train OF evils which
eddy before us"
Thus the reader will sec, wha, Wing Pyopheey nine
and dozen years ago. Is History And never did the
"ucts Of real life" triumphanty demonstrate the "a
gaoity Of of than do the existing evils of the
country demonstrate the sngnciy Of these eminent States
men. Inspiration from high could scarcely have more
LUMINOSITY orctOd the miserable FUTURE than did the saga
city Of these Statesmen Oresec and predict the
! dency OF Gen. JacksOn's upon a National Bank.
Locofoco PROPHECY rs. WING TRoFrcy--We now pro-
pose by way Of contrast show what cOncmpoancousy
was LocofOco Prophecy. Listen ~ great expoundcr
The Washington Globe, which, many years has
manded the confidence Of the Jackson Van Buren,
Benton locofoco pury and which still the acknowledged
organ Of that party:
"Whlc every part Of America rejoiccs-whlc every
heart onsnycd the sctuh.nusiOcrac nf the paper
system-who every independent and patriotic citizen eS-
u In the recovery and restoration Of tho long gold
tencythc WEsT and all ciuzens have the deep
est and greatest or proud exuIaon and manly
locing this propuous event. For Of all America the
West the part which needed most, and will profit
from The circulation OF gold. Happily, they have but few
banks IN the west, mud therefore need gold 10 carry
about aud to travel upon. Happily ogain the greatest
supply gold will to the West The cmiRnnts
% that great region will ul carry gold I'm preference tu
either silver paper for is lighter hun silver and
han paper The and Offices will become rcceptaclcs aud
reservoirs Oi gold; whence u will be distributed To the
county through the Government dsburmens through the
military the surveying and the Indian departncn and c
10 the Ocer, who having received gold from the Govern
neni, shall presume dare offer paper the soldiers
sissPi from v. Orleans. and d6usc itself all the grea
West Ncoy III gold coinage Of the New World will com,
10 the United Sates FOR, all tho coinage Of the Govern
moutg Of Mexico and South America, being the coinage
rebel provinces cannot TO old spain, any IT her de
Tendencies, and therefore, will the United State
a. he natural aud best market THIS will 6 the West will
DJubooHs and haJ toes and, In eight nine months from
TIT, Time every substantial citizen will have long slkei
pure Of fro open work, through the incrstcet Of viii
the yellow gold will shine and glitter. Then travellers vii
be free from the pcstenco orapgcd filthy and counterfeit
Every substantial man. and every substantial NAM
wife and daughter will travel upon gold The satellites
the bank alone, show their survo subsection the
leiauo monarch, will Topino at the oss Of paptr"-Gio
. Of Jaig l6, 1894.
, ACoUITTAL or SINGLETON MERCER.
The triol Of young Mercer which, since Monday wee
4 Ill