Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1852-08-26
SATURDAY MORNING, AUGUST 81, 1859


"a Short Horse is soon Curried!', ~
Isthe old maxim 1t applies with much force to the
article tho Journal of Thursday headed Governor
Wright's speech" As evidence of the Journals
ter want OF fairness ask those who heard the speech
to the following extract from the article in thai
paper: a ~ 80.
"During the course Of Mr. McCarty's remarks be
asserted that after Gen. jackson party had
ceeded m breaking down the United States Bank they
had encouraged the local banking institutions selected
deposites of the peoples money exeEd their
cuation by increased issue Of their paper This fact
known to every well informed man present Gov Wright
most positively denied"
Here the Journal makes case, and then introduces
his testimony to sustain it. We did not hear Mr. Me-
Carly but have repeatedly heard him during the
vass His assertions are, that Gen. Jackson and his
cabinet after they had succeeded in breaking down the
National Bank, recommended the establishment of
State Banks and encouraged the to food the cOun.
ryi oith paper to oUer-issue to erpand their circu
ation to meet the demand, &c. This understand,
his position Saturday last. Gov. Wright denied
that Gen Jackson had done any such thing and in this
denial be is sustained by the truth of history. Gen.
Jackson contended that the State Banks adequate
to supply the country with good currency. By this he
State Banks properly controlled and managed.
Was he rghta Has experience proved the truth
Of this assertions The Wings even, convinced.
They no longer clamor fol National Bank The State
and local banks rightly managed, all the pur-
poses Of securing sound and reliable circulating me.
dunn. @
But Gen. Jackson at no time encouraged the over
issue of paper money, by the local Institutions, which
brought ruin and disaster the country. On the
tray, he endeavored to check it by issuing the Specie
Circular which universally condemned by the Whig
party: Mr.. McCarty, in asserting that Gen. Jackson
encouraged the Banks expand and ovcrissue, did
n(erentially No such recommendation be found in
any OF the Generals messages, public recommends
tions. He recommended of policy which II
the banks had followed would have saved the country
from the pressure Of lS40 They violated the dictates
of prudence and naught and experience,
and the consequences predicted by Gen Jackson when
he issued the Specie Circular, came the country.
Governor Wright, understand, never asserted that
the expenditures of the General Government were sixty
millions He stated them ty-6ve millions This
from the report Of the Secretary of the Treasury and
the estimates of that Department Mr. Defrees makes
out table to suit himself, but presume the people
will pay quite much attention to the reports of the
Wing Secretary, they will do the organ of the Wing
party in Indiana. Gov. Wright did not attempt give
the items of this enormous expenditure. He merely
stated the fact and in that he sustained
by public documents.
The truth is, Mr.. McCarty, who is an honest man,
with these facts staring him in the face did not and has
not attempted deny the position and assertion Of Gov
Wright. He has attempted paate and excuse, but
the bold denial has been reserved for John D Derees.