The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1844-06-10

Ia reward he pohic good ma well ns the interest Of
their own sockholders cnn never act on 50 oh prn-
cinlo II il n fundamental error and in u country
rnu or onternrise md so much disposed to activity
-, orr he nr,c,c tendency is 10 stimulate business
100 L;hIv y, inn,,, nriees unnaturay TO cause
o,o tSsniioc AVER abduction and over action in ali
orhnsness 1t swells the amount of pa
az L,ond H. ms, relation of specie and exposes the
r,,,y "a srddnn revulsions While specie is de-
a Jor,s nhrnnd il il the effect of This shall
o,, md sh3rts rhted poIicy to increase the pnper
irnrI,,i,, AZ hnme IIow can such n course of
,I,;nne terminate but in disnster and distress?
No ,r. no., mat rrcov ering from deem and Ion
o,inrod dnnres.inn An branches of business yve
i,,,, ,c ,,nyiyoI and orheulthy action The dnn
or /, that zoe sh,I not he content TO make hnste
s,ylv. thnt II shirt Of sppcuation NAV sprnp ont oC
an, sine Of rrnsnrrtv when il shnll become flushed
,rho Lon,er + ,h,t nonrr will he issued in rvccss
n.i,as hscn,,e cxtrovngnnt md the svmnion,s oc
-; IL; T., ,,, 49,, IT,, 800 ara n,vore All hi,
~ NV, hn,om. h,t tho o,I, secpritv tbot !, shnII
o 'han Eo in his viz. ibnt h,nl; issues hr kcu
;.; ;l ID ,.;n !iro,j rocorc,co IN ,Lo ,,a,,,I
w." c"I Wv IT,
So'4 a' ;,sa'o ms, manning bv srrrosod c,so
sa Wv ,t ,,,,o,, " ooi,, In H., b,uLs nnc N vi,
c ''G iI s,,,,,,n, ,L,,, f., hn,o ;snoI ~
W "e "'o ''''"'" ~? r Vs. ',, y: -, en
pir;o H., mn, ir,cnd ,o saw that tb. IL insi
.. ~, :, ,,,,, h,, a,s,,;,. I cr iIl,.,ro,;,, 49,
F"To''"''' wv ~, '' I ~ 49,, ~ 49,, ~ ,h. &C.,
low SsuPlo,I ''D :, a., o,,'i rTt
c, ~ ] trnoi rs,inc m n ha.is or Cn
,nl;ons If n second million of spece be called for
then thirtcen millions of pnper rests on three millions
n soci and so on No,v il il evident thar if sucb
II nrocnss MS his brons and tIlrerens TO 70 on ran
KID ,,,bon, con,rnction. genernl distress and nnr
Ly, ov,l,s;o,s ocih,, Nnnks themselves ,,nnI1 Ia
,I,r ;n,G;,,,IIo md Immediate consequence.
,rL, c,t,s,ronlc and The tendency of thrrs f..
,ort !, H. hr cn,rdrd AGAINST bv lust rrs,roints
~ ill.,, ,,o,,,, or J;scopnis by vy.i,i,g ,bo ronrss
Iao d ohso,n, con,inr,ilv tho iTdcv Of ~
~ a." 81 o, sGi,iont Guard to I,ol -, tbo ,,r-
J r,s,nnsiiHi,y oc noncr oCI;sreJ for discounts nr
~ $50 ralari :, rns i; ma, c,s, r, raI t,rs.
ao,;n n ta ,nL nrrchnses Iribn cxch,n,,cs nJi
49, ,L, ,r,,,iop ,r snoci, NAV Le ,nprebcrIeJ
or, oantinn H. necass,ry. and when eynornton or
,;, oa,,oo, !, s},onL h, mot hy ~, i,,n,oIi
,,I; li,ninn,ioo oc tis nnsr ;c,.
a,io ,Thi, ,, sl,e,san lint exno,t,,i,n cLec,, i,
ooI !, 'Iho ,rncess nav h., ,on,,,i.r,
CIV CIV t 49, l " 7, ,,,'' ,'cra 49, I',s Jr,,,,, n;
W. w., w. ', L ',i,l. nn, :, T. ;f,;,ai
o,,or ~ an ,o pccorrenco NV The nronor ron,oJy
~ w.. honinn;r,, ,hn, IN o,ienni 70 LaII nm nain:,
~ Wv -, 800, 49,, C it,, a. r,,,;n,.i to; - 49,
.,;G" aJ crcod s,a,e InnJin evsrv d,y 70 GraI
".t,'u"'' "nu i ..aI'or c ~ r,icyos 3nJ 80
a .a,I a,,' oC oroJi,
genera S, pr"sI'"''o" y, Lo,, Of J,,,, :; ,l;
','s "','o ,onaIe and s,o,' M,
wy '''osl ",,;n, cos smJdnn cSnrroo da."o
s",t "'," n"L'','',.s' ,,ess c,Tns
NUN VI c"P'"y "'c"' '''c ''''''' ',','