Holly Springs gazette., 1844-02-10
From ;ne Baltimore Anne ictn Wnig
ACTS WORTH REMEMBERING

FACTS NUHlH REMEMBERING
Ii Will Be remembered by all ,yuu nave
taken note Ct the passing vents which have
taken place AHJu the last t-w yea> that
" Hrn the "Si0u>l-t. ttr Cuurd States
Bank, WAS ia StIoytd. thr Gu. rcucy uG'.a.s,
promised thtough the pei b ms ~ a!ch they
substitute Ia lis Sedd, 10 tuini>D tbt cOun-
try with d "byttsr currency' than tuat u hIc %
had hcen atfo,d,d for the twenty prec, dIng
y'atS 10y the former institution. W e caii
attention to tht Sc fscts now, TO introduce To
the rtades' 5 notice two historical uuthS.
whIah clearly goto prove the LAM nthbi,
niuua AID mistaken views trlt ana 81
trrldmtd by those who, though knowing
notnug boul fiscal opeta:Ious o. the laws
which Iegui. te trade, undertook TO ImptOvr
4 currency which was already as good as
It could br, aud universally admi,le1 10 be
the brSt IN tie world In saying that the
currency provided b. the UnItel States
Bank was Of this character, we haztr
nothing, rs every body knows lis notes
We. u"Il he gavetum ~ un lSn eOus'y
warned "a JOn =, is goal - Z ~ a"d SitYc',
aCd would nave SO r-ma nsd had ttr b iGh
cOnSt utt d To become the .Uol OF the admins
tratIon Bnt to return To the nhjcct we have
in view. When the deposits We're Illegally
wreSttd from the custud of the UIned
States Bank, the people, good easy souls,
We're promised better currency" and as
! proof that he had fulfilled his promise,
Grn Jackson in his annual IN ssage OF
December, 1886. held the following II llter-
ing language, l0strative of the SUCCESS OF
HIS SIGHTED AND PROFOUND FINANCIAL
SCHEME:
Experience continues to realize the ex.
peciaiIous entertained. as to the CAPACITY
OF STATE BANKS TO perform the duies Ol
fiscal agents Tor the governmtn nj Al the
lime of the removal of me deposIJes, II was
ALLEGED by the advocates OF the Bank OF The
Uuted States, that the State BamaS tchateD
er mtght b. The regulation ~ The treL Sufy
department, could not make the transfers
required by the government or ne9otiue
the domestic exchanges OF the country. 1t
is now well aSc-ttained. tha: the real do
mes'ic TX, ,hanges. through dis cunts by the
the United States Is ,nk and It's % Is aucheS.
were al least on- thid less tnau those OF
the drppsit Backs for an equal priIod OF
Ime-and if "A comparison be Instituted be-
tween the amount Of services rendered by
these institutions, on the broad b ISIS which
his been used bv the advocates VI dome sic
exchanges Transmitted ov IL. The r. sub viii
be sill nore favorable to IN, Posit Banks :
Now this IS beautiful picture OF the I'll.
umphant success oftae Old Hrro's great
scheme of FInance-from looking at which
one would be lad 10 helievF. ;hat the cur
rency really had been bett-ted. and that pet
Banks was the very panacea-the ca'hoil-
cnn-to cure all diseases in monetary at
taiss unfortunately for the country.
tbs ml gnificrnt picture. 81 attractive ia IS
proportions. an 81 exquisite IL lis ais a"d
SHADES, hii h.ea seelcnei N 'va'~r coio s
and con'd not .et',sisui the dsi'cing ati :.
ence f rue 81 il recoll' cad, that thIs
most fmering sketch was drawn ~ = u.
J tcksons annual message, IN December,
1886
In March. 1897. Mr.. Van Bnren's adj
minisl a;ion commenced. pe'lod oil only
ninety DAYS from the date # Grn. Jackson :
messags and IN abont ninety more dsys
from the time be assumed the Pfesidenila
chair. which is oniv six shori months AFTER
Gen Jackson mad. the above Fl ue'Iog ac-
connl e iue ,fiir ~ ef ,b- PIT Bank sys-
TN. NJ Van Bl.f..p cOnv.ussi an extfa
: sSion IT Congress. - proci lmatlon, al
which xisa session he iaio ssn' Il ongfesS.
by mess ge. OF THE ToTaL Failure oF
the DEFasIrE BANKS IN THE PERFoRN
ANcE OF THEIR DUTIES As FiscAh 40 sSr
TO THE GOVERNMENT. and requested tna'
body to devise ways and means TO meet the