The Arkansas banner., 1844-01-30

recolecon that necessary into prolix ap the The statement of few points, will co every mnd and show the unqualified nexpedency of creao institution, either with, without notifications It be ob the first place. that the direct tendency of paper is to coin and has accordingly axiom political both will circulate together and that being nnsy w subject to no fluctuations will be hoared exported bouo and perform but inconsderabe office in the circulation the %
 Between ls17 and 832 the Bank of the United States exported the enormous amount of spEcEl nearly equal to third of her capital It be asked pap the place of con and is it's equivalent business affairs, where M ry The damage consists in this, that the based ~ be based and each pupor it's ce represent speee ready to be paid on presentation This the idea held out wod although is no better in reality than false pretence wih the like taking away the foundation of ed6c or later tumble into luins
 During the period of any other great and sudden ma
 Bank of excessive circulation is certain, and desu certain
 In time profound long confidence continues will the appearance of prosperity but corporations this G withdrawn the slightest reaction the monetary world M ed paper currency which was received and paid out as the gold silver changes with the rapdty of dream because wo summed as if tainted with the plague.
 The coin gonehe be edeemedand thousands duced the last stages of beggary Who benefited? The m of the Banke shrewd pecuaor who used the when good, and who in dcargng lis debt with dprecae paper
 clear gain of fifty seventfve per the dollar The M and productive classes of the community who did expect the m the losers they who, earning their livelihood by honest industry time watch and profit by the of Banks The caa recognize in this statemen picture Of the ncy but the of things which have actually occurred To from the rev and for advocate the creation of this I perod ncompehensbe Is 1t obvious, that such throw fifty unded millions of dollars of paper money c at no distant tune; eXpe the pece which IS now fast flowing I country, and and plunge into those amentabe which lowed and always will follow redundant paper currencv To the such nsuon charter regulations incentive step beyond the boundary prudence found system le The temptation powefuthe cost so ite1 of avarce fascinating and borrowers so mpounate that one new follows another until all the channels circulation literally cho and filled to oveowng The unavoidable result that the people supplied beyond their real wanmoney appearing he plenty but to be asked for be pocure they embark the exavaga1t schemes Oveadng and action oped in almost every of life Wealth spring up magche needy eggar of to-day, the millionaire of spirit of self aggandzmen extends itself into almost ramf soeeyal pushing onward under the influence of magnificent pects wor republican pursuits thrown aside and the tnng riches by slow but degrees secuted the offspring age, and as unworthy of consideration.
 This uopan of things has but short reality in isspae the golden dream, those supposed themselves the favored of ortune glad find refuge nsovent enactment.
 The shock co-exensve with the Union and the very Bank that ready extend facilities, and uaed persons to borrow beyond their pursues different cura dcountsrelses further commoationdemands pee ment and steps into the of justice to enforce it.
 Prorer whch constitutes the main item in the wealth of nation value-hgh time, low anotler proportion pansion contraction of the papar medium
 corporation with large and commanding capital would bcol very lbood of inflated and uDssanial credit as history an The of such Bank only evidences of debt and those w lhem only employ the credit of the Bank Friendly the credit when properly understood and limited, by the sound principles yet we regard its abuse having perncos influence the ness and affairs o eon the moral condition and political advance of the people, We also em that the Bank question, however managed, would unavodably give birth to that abuse.
 sound credit between man and man. performs thousand pora and without which, would be embarrassed daily ] uons It hctous credit that which in productive labor theursus of industry and which with ability engagements, with prompude certainty
 Fictitious credit enters into wild and hazardous specuhmI there every thing gain and nothing to lose In spirit ration thrown abroad the of cance with the hope that with solid golden It this kind of credit which VI by the past declaring National Bank would encour loser and it the very credit that produces disasters world
 National Bank would be beneficial few persons ony Dun investigation of the United Bank, 1922 the astounding disclosed, that there egh millions o dos loaned of not less than twenty thousand dollars and that in the one hundred and twensevn person and that inddal indebted to the Bank upwards of million, one and teny ousand dors, for money borrowed low
 VI consider ndsputabe that such institution would first d South and West of the precious metals leaving nothing their which would the of things be alw specie. Sscondyha would become political h the hands of partysiape It's actions with political w the field of politics with incorporated wealth and powe lh
 would be independent of the will of the nation and could not
 od Fourt-a all its operations would be directed enrc few and mpoveshng the many. And lasy ihat 1t would Tn pro produce fatal revolution. the spirit and genius of the Gou Let the Americans, said Mr. Pitt adopt their funding sysien their Banking institutions, and their boasted independence will phantom" To be Contimedl
 CHAPTER TEARs-Tears sometimes relief and burden; they relief but a burden cy N
 because her sympathy approves them; they burden his pride rebukes them; weeps because she ee because he can't feel; womans affect mans a affect womon woman weeps for ohers for imsei tears are common property mans his own bee profitable mvestment considers them useless expena
 mans tears and natural; mans forced and awkwp mans are the of the coud mans hecod of the cce
 Two NEW METALs-Professor Mosander in examining the Va has found two new metallic oxdes the basis of which he cans and erbium.
 Dr. Franklin observedsThe of people the eye ruin If all but myself blnd should neher fine nor fine furniture.