Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1844-09-19
OLD HICKORY AND YOUNG
HICKORY.
1880.

lCOU.
OLD Hiekory.-Well, Colonel, how did
you like my plan of Government Bank,
the outlines ofwhich | furnished IN my mes.
sage to Congress yesterday
Young Hickory-The grandest fnan.
cial conception in all ',ido of time"
Old Hickory.-And my motion Of a
"local paper currency, to be furnished by
the State Banks2
Young Hiekory-Exccllent, excellent
1t will strengthen the States.
1882.
old Hickorv.-Good morning, Col. Polk
How does my veto of the Bank take with
the members of Congress.
Young Hickory.-Admirably. 1t will
be the salvation ofthe country.
old Hickory.-I sincerely regret that
the charter was not so modified rs to enable
me to approve it.
Young Hickory.-It was a great mis-
fortune that it was not. For | entirely
concur in tina, part of the message which
says "a National Bank is in many respects
convenient for the Government and useful to
the country" and that one might be SO reg.
ulated as to be '~compatible with Justice,
with sound policy, and with the Cons,itu.
ton.
OH Hickory.-(At a dinner near Nash
ville:)'The true constitutional currency is
gold and silver coin:--lt can cover and
protect the labor ofour country without the
aid ola national Bank, an institution which
can never be otherwise than hostile to the
liberties oftho people; because its tendency
is to associate wealth with undue power
over the public interests"
Young Misunderstanding his hand on
his paunch.) Oh. General, that makes me
feel good here. Aside. That toast does
Bells business for hun.
Old Hickory.--Col. Polk, | am glad to
see you. l have removed the deposi,es,
you perceive.
Young Hiekoru-And q most praise.
worthy measure it is, General.
Old Hickory-BuI the public money
will not lay idle. fancy will give special
directions to discount literally upon them,
particularly to the merchants, and io"extend
their accommodations to individuals gene.
rally.
Young Hicory.-That is the true doc
trine. For, as you said on a former occa-
sion, it is contrary to The genius Of our in
sti,utions that the peoples money shonld
be locked up in the vaults OF the treasu'
ry.
OH Hiekory.-Did you ever know any
financial system to work so well, Colonel,
as our Deposite State bank system.
Young Hickory--Beautifully. Beauti.
fully. II is every way superior 10 a United
States Bank cheaper and safer.
old Hekery--Are you aware, Colonel
that the Deposi,e Banks are importing a
large quantity oflhe precious metals to put
into general circulation !
Young Hiekory-I have heard so. Per
nit me to congratulate you on the success
Of your efforts in behalf Of a metallic curren
cy. There can be no greater curse 10 any
nation than 'local paper currency"
old Hickory .-"My humble efforts" in
that particular. | trust, shall not be wilhou,
their beneficial effects upon the country.
Young Htekory-Mighty Sir Your
fame as warrior covers the earth, but il
will be eclipsed by your celebrity as a Gnan'
cier.
1897.
Old Hickory WAS cver.uch per6dy,
treachery, and rascali,y known as have
been exhibited by these Deposite Banks,
and all 10 crafty Bidlle and ruin the coun'
try.
Young HickOry-Never, never. And
would you believe 1t, General, they have
actually been in the habit Of loaning out
the public money to individuals7
old Hiekory-Ob, the villains.
Young Hiekorg-And extending their
accommodations TO the merchants.
Old HickOry-The traitors But |
am glad TO see Van Buren, intends to col.
lect, keep, and disburse the public revenue
by means Of his own agents.
Young HiekOry-So am l. To bt
sure | once said in Congress that bank
were much safer repositories OF the public
funds than individuals but you know, Gen
erai, Ial~ays go nth yOu.