davidaulloa/AmericanStories huggingface dataset:
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-07-09
.NeaC Grocery Store!

A. J. TOON & Co,
A RE Just receiving and now OPEN <csv-To
IA inr on the street leading to the Ef
Collegs, three doors west of the large srsSss
brick building occupied by Shackle-
& Young, as store. very desirable and fresh
lot of Family Groceries consisting in
part Of the following articles, to-wit:
Brown Sugar, fine lot; IS
Rio Coffee, of the best; R
Loaf Sugar; Yin
Barrel and half do Molasses; IiiN
Star and TalloV Candles; A4S
Pepper, Spice, Ginger, ~
Wines, Brandies and Liquors. all kinds
Nutmegs Cloves, oinpamon,
Candies, Kisses, Raisps;
Figs, Pecans, Cream NSs; e
Almonds, Ale, Cider; 81
Vinegar, Mackerel, OystelS w
Sarlines. and every article kApt W
usually in my line, All of which WI be sold
unusually low--for cash.
Jan. %, lS57--12m
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-07-09
BOOTS AND SHOES.

ROOTS AND SHOES.
n AIDES fine shoes; -
Ia Superior Kid CATERS:
do do CATERS with heels;
do Lasting do do
do Kid CATERS thick sole;
do Kid slippers;
do Goat skin CATERS;
do Calf do do
do Calf Buskins do
do Mems fine Kid CATERS;
do do slippers;
Chidren's fine shoes;
Gentlemen's Boots and Shoes:
Gentlemen's superior calf Boots:
do superior do stitched do
do do Kid do
do do cloth CATERS;
do do Patent leather do
do fine Philadelphia calf made shoes;
do Lined and Bound Kip shoes;
Boys fine Boots;
do do shoes;
Youths fine boots and shoes: for sale.
April g.. L. o. GoODKlCH.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-07-09

Bouncing Brandy.
- bbls black berry Brandy;
- bbls black berry Bounce, good enough
for any body, for sale. H. d >.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-07-09

There are two diseases that have
never been known to prove fatal, VIZ;
~ enlargement Of the heart and IN
sormation Of the brain.
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-07-09

An OLD fellow visited by bis pas
tor, the latter assured him le could
not be good christian u4ess he
took up his daily cross; wlfreat he
caught up bis wife and bega1lugging
Der about thss slis&
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-07-09

FRoes IN AlBaEY. N. Y People
ia the vicinity OF Utica are turning
their attention to raising frogs which,
.uhep fat and coaked, are devoured
nor, noo a. people who reside at a ipany
Q, seos. n Route into othe. astaaGssa
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-07-09

Miss Hoops" defines her position
thus:
Young men are all a leeting show,
For girls delusion given:
Since on their chops the wool can grow,
That stick right out fleet" or SO,
And full Of vermin as lyon know"
By ashion's pride tits all the go,
There's not one true--in lev en!'
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-07-09

COlx0CHAA = AO-'s
md for the relief Of consumptye patients In advanced
stages of the disease
We need not speak to the public OF Its virtue
Throughout every town. and almost every hamlet Oh s
American States it. wonderful cures of pulmonary COM
olaipts have made it already known Nay few are tne
antilles in any civilized country on this wnout
roe personal experience of its effects; and fewer YET me
communities any where which have not among them
some living trophy of its victory over the subtle ana can
verous diseases of the throat and lungs While u IS he
most powerfu antidote yet known to man Tor the lol
liable and dangerous diseases of the pulmonary
Il ALSO the pesantes and safest remedy that can DC en-
nloyed for infants and young persons Parents snono
have IL in store against the insidous enemy that stea
anon them unprepared. We have abundant grounas 10
naeve fine CssRRY PICTORIAL more lives by the con-
symptoms it prevents than those it cures Keep oy
vou and cure your colds while they are curabe nor neg
ct them until no human skill master the inexoraos
anker that fastened the vitas, eats your LIE way
ha know TOO the virtues of this remedy we need not 90
more than TO assure them 1t is still made the oes an
De- We spare cost, no care, no toll 70 proeuee nv
most nerect possible and tins afford those VINO rely ON
the best agent which skin can furnish Tor their cure
Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1857-07-09
q AYERS
~ Cathartic Pills,
Len t. (SUGAR cOATED,)
ARE TO

DEPARTMENT OF TIE INTERIOR, [
WASHINGTON, d. c., ! Feb. 1856.
srR: have used your Pills in my general and hospital
practce ever since You made the and cannot hesitate to
saw they are the cathartc employ Their regu-
lating action the rer is quick and decided consequent
ly they admirable remedy for arrangements OF that
organ Indeed, have seldom found case OF bilious aus
ease so obstinate that it did not readily yield to them
Fraternally yours, ALONZo BALL, n u,
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
SHERIFF'S SALE.

Alfred Hushs, admir-. DY virtue Of 2 writ
VS.. H. oil Yenult1Ont ex-
Thomas Witten. ponas to me directed
from the Court of Common Pleas of the county.
of Monroe, and State of Ohio, will offer for
sale at public auction, at the front door of the
court house. in the town of Woodsield, insaid
county, between the hours of 10 O'clock, A. n.
and 4 o'clock. P. NJ, on
Saturday, the Sd day Of January 1858,
the following lands and tenements, lying and
being in said Monroe county, to wit:
The undivided interest of Thomas Witten,
being the undivided eleventh part of the fol-
lowing lands, lying and being in said county,
and being a part of fractional section eighteen,
township one, and range four, designated as
| number two on the tax duplicate,) being the
| same tract of land which Peter Witten died
seized of, and bounded on the south east by the
Ohio river, on the north east by the lands OF
the heirs of Alexander Gardner. and on the
south west by the lands of James Witten, con-
tanning eghty-two acres, more or less.
Appraised at six hundred and thirty-three
dollars and sixty-six cents
Attached as the property of Thomas Witten
at the suit of Alfred Hughs, Adm'r.
| C. NJ. MORROW,
Dec. 2. 81 65. Sheriff, NJ. C. O,
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16


DUFF's MERCANTILE COLLEGE, CORNER
81 THIRD AND MARKET STREETS, PITTS
BUReH ia few hints from q perfect mas
ter will do more to develope the capacity
fthe pupil than the most protracted les
sons from an inferior teacher. ~. G.
Bryant.
As lecturer upon all the details OF the
merchants business. Mr.. Duff has long
been considered as the most instructive
aud Impressive of the day, casting such
light over the whole subject as can ema-
hate alone from o mind richly stored by
experience and familiar with all its real,
tiles. The frni!s.of his valuable lessons ''E
ara exhibited BY hisnYme-oas students il
al parts q the country, not one Of flaH whom ON
Asufarsas we are aware. has ever suspend
4inlbusiness. a. Commercial Jo,tsssat h
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
SHERIFF,S SALE.

VS.. ~ venditioni exponas to
Thomas Wi,ten. me directed from the court t
of Common Pleas of the county of Monroe.
and State of Ohio. will offer for sale at public
auction at the front door of the court-h house,
in the town of Woodsfeld, in said county, be-
tween the hours of 10 o'clock, A. NJ, and 4
O'clock, P. NJ, on
Saturday, the Cd day Of January, 1851,
the following lands and tenements, lying and
being in said Monroe county, to wit:
The undivided interest of Thomas Witten,
being the undivided eleventh part of the fol.
lowing lands, lying and being in said county,
and being part of fractional section eighteen,
township one, and range four, designated as
number two on the tax duplicate,) being the
same tract of land which Peter Witten died
seized of, and bounded on the south east by the
Ohio river, on the north east by the lands OF
the heirs of Alexander Gardner, and on the
south west by the lands of James Witten, con.
tanning eighty two acres, more or less.
Appraised at six hundred and thirty-three
dollars and siSty7six cents.
Attached as the property of Thomas Witten
at the suit of Alfred Hughs. weaS etgs
Ill C. Al. MORROW,
Dec. 2. Sf SIS Sheriff, III. c. o.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
Legal Notice

Elizabeth Smith, THIE. d defendants, s,,,.a Ma
Mar;ah Smith, ct. al. of John Smith, deceas-
ed, late eff Monroe county, Ohio, now residing
in said county: Mary Smith, Sarah A. Kahn
and William Kahn her husband, Angeline Ed
wards and Michael Edwards her husband, Jane
Smith. Rachel S-.iilh and Hannah Smith, chill
dren and heirs at law of said John Smith, de-
ceased, will take notice that Elizabeth Snli b
one of the children of said decedent has this
day filed her petition in the Court of Comm on
Pleas in and for said county. demanding par
tition of the following real. estate situate i'll
said county, to wit:
The west half of the south east quarter of
section thirty-one, (31) township three, (s)
and range three, (3) containing eighty-two
acres, more or less; and also, the east part OF
the north west quarter of the north west quar-
ter of same section township and range, con-
tanning twenty-seven acres, more or less. -,
| Said petitioner also asks that dover be SCI
] OF and assigned in sal premises to Mariaf
Smith widow of said decedent.
| All of the aforesaid defendants reside il
M M)nroe county, Ohio.
ARCHBOLD & RICHARDSON,
Dec. Is, 1S57.-6w. Attss for Petitioner.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
CONGRESSIONAL.

WAsHINGToN, Dec. The weather is
charming. There is dense crowd in the
galleries and other parts of the Capitol.
Greeting between members and friends
are pleasont and exciting. -
SENATE. Fifty senators were present,
and were called to ordes By the Secreta-
tafy, who read letter from the Vice Pres
ident stating that he would not be able to
J reach Washington at the commencement
sfthe session.
The SelA.s proceeded to ballot fol
President pro TEN. Mr.. Fitzpatrick
|, was chosen. He returned thanks
HOUSE -221 members answered theil
names. A quorum thus ascertaincd to bt
present. the House proceeded to the cleo
tIon of Speaker. Mr. Orr was nomi
mated by Jones of Tenn, and Mr.. Grow
by Mr.. Banks. The result was: Mr.. Or
%; Mr.. Grow 81; i3 scattering. The
annunciation was greeted with applause
d Tho Clerk appointed Messrs. Stephen.
land Banks to conduct Mr.. Orr to the chair
The oath was administered by Mr.. Gid
sedings.
.has Mr.. Allen, Of Illins, was elected Cierl
s of the House. receiving the same uumbe
of votes as Mr.. Orr received for Speaker
J Dir. Gilsbrennor was elected Sergeant at
b arms, and Mr.. Hackney, door keeper
Mr.. Clu,ky was declared Postmaster b,
resolution.
Mr. Florence. of Pa, give notice of hi
: intention to introduce bill for the entir
! oppression af all bank notes as currency
or of bank notes of less denominatio
z than 500, as circulating medium in th
District of Columbia Is
The House then adjourned.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
State of Ohio, Monroe County.
IN THE PROBATE COURT.

nANIEL CONLEY, Isaac Conley and Gather
~ inc Dennis and Daniel Dennis her hus-
band, will take notice that William B. Dent,
as administrator of James S. Conley, deceased,
filed in said Court on the 8th day of December
1857, petition against them, and others, the
object and prayer of which is to sell the prem
ises hereinafter described to pay the debts Of
said decedent; being the interest of said James
S. COnley, in the west half of the north east
quarter of section nineteen, in township three
of range four, lying in Monroe county, Ohio
Said petition will be for hearing on the 26th
day of January, 1858. WIN. F. HUNTER,
Dec. 16, l857-4w. Atty for Petitioner
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
PRESIDENTS MESSAGE.
FELLow CITIZENS OF THE SENATE
AVN uousr ov REpRrsrNrAT

FELLow CITIZENS OF THE SENATE
e AND HOUSE OF REPRESENTATIVES:
In obedience to the command of the
constitution, it has now become my duty
ITO give to Congress information of the
uate Of the Union, and Recommend to its
consideration such measures"a as. l judge
to be necessary and expedient."
( But 6rst and above all, our thanks are
adae to Almighty God for the numerous
benefits which He has bestowed upon his
people; and our united prayer ought to
ascend to Him that lie would continue to
bless onr great republic in timeto come
Is He has blessed it in time past. Since
the adjournment of the last Congress: our
dcenstitnents have enjoyed an unusual de-
grees Of health. The earth has yielded
her fruits abundantly, and has bountiful-
; il rewarded the toll of the husbandman
Oar great staples have commanded high
prices. and, up till within brief period,
, orr manufacturing, mineral, and mechani-
aeal occupations have largely partaken OF
the general prosperity We have posses
sed oil the elements of material weal.h in
: rich abundance, and yet, Notwithstanding
I all these advantages, our country, in its
monetary interests, is at the present 20
mest in deplorable condition In the
midst Of unsurpassed plenty in all the
I, productions of agriculture, and in all The
elements of national wealth, We find on
manufactures suspended. our public works
g retarded. our private enterprises Of differ
ent kinds abandoned, and thousands o
5 useful laborers thrown ont of employment
and reduced to want The revenue of thu
. government, which is chiefly derived from
= duties on imports from abroad, has beer
grestly reduced, whilst the appropriation
made BY Congress At its last session fol
{ The current fiscal year are very large il
eamount.
Under these circumstances loan may
Be required before the close of our present
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
SHERIFF"S SALE.


Jacob E. Groves, DY virtue of writ of
vs.. b venditioni exponas to
Josiah N. Wilson. me directed from the Court
Of Common Pleas of Monroe county, Ohio, will
offer for sale at public auction, at the front
door of the courthouse, i'll the town of Woods
field, in said county, between the hours of 10
o'clock, A. NJ, and o'clock, p. NJ, on
Saturday, the l2M day Of December, 1857,
the following land and town lot, situate in said
county, to wit:
Lot number twentY-seven, in the town of
Brownsville, IS numbered on the plat of said
town. Appraised at 1860.
Also, the west half of the south west quar-
ter of section thirty four, township one, and
range four, containing seventy acres, more or
less. Appraised at S63S so. .
Levied ON as the property of Josiah n. vii
son, at the suit of Jacob L. Groves.
C. NJ. MORROW,
Nov. IL. So As. Sheriff, NJ. c. o.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16

rTNHE undersigned having bought the entire
/ stock of
GROCERIES AND LIQUORS,
formerly kept by VIM. Fl. Mallory, and having
laid in an additional supply, is prepared to
sell the same on more favorable terms than
they have ever been offered in Sunfsh, having
adopted the READY-PAY SYSTEM. My IL
quors are all inspected, and are OF the best
quality.
No. l WHISKY by the bbl. 20c per gal
=" do {" gallon 25c. i"
RYE & BOURBON by the bbl IS to 9Oc.
4" gallon 40 to 100
BRANDY F." barrel 35 to ], 80
" gallon As to l, rs
WINE =" barrel 35 to l rs
(" gallon As to 2, 90
and other goods in proportion.
/. EB Store on the corner of Main and Water
Street, Suntish, Ohio.
WIN. LIPPINCOTT.
Dec. 16, 1s57.-3m.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
!. .pREsrprNr.s MESSAGE.

The extreme leugih of the Message
prevents US from presenting the whole oi
It in the present ISSUE We have no room
for comments this week. and can only say
to every body, read it. We are of the
opinion that an ablsr Message has not
emanated from the White House for 20
pears. It is square up and down out
spoken Document, leaving no doubt as to
Mr.. BUoHANAN's position upon any sub
ject a1sea
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
j, M. MORROW
Sheriff, NJ. C. o.
NOTICE.

FlN0 the lagatees of Robert Carpenter, deceased,
/ you are hereby notified that in pursuance
of the provisions of the will of Robert Carpen-
tor, Joseph Carpenter elected to take the farm
therein devised to said Joseph Carpenter; and
that the subscriber has purchased said farm
from the heirs of Joseph Carpenter, deceased.
That the widow of said Robert Carpenter died
ON the 21st day OF November, 1861.
That the subscriber will he prepared to car
ry out the provisions of said will by paying
said legatees as provided by said will Of Robert
Carpenter. JACOB VERNON.
Dec. ., 1857.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
SPE CIAL TIC E S i.
Health for the Sick.

Dr.. Roback's SCANDIYAIAN RENIEDIs
are creating revolution in Medical prac-
tice. They act directly upon the circula-
tion. Disease originates in the blood, and
these medicines purge it out In dyspep-
sia, nervons complaints. scrofula, rhnma-
tsm, incipient consumption, fits. liver
compaint, bronchitis, fever and ague and
all disorders of the lungs, the stomach,
the lever, the bowels, the nerves or the
skin, they are infallible See Advertis-
ment.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16

and emigrants always
on change of climate, or previousto enter
ing rainy or snowy ciecle of the earth,
bilious attack, which, unless speedy
remedy os applied, results fatally. If the
Moffat medicines are resorted to in the
first symptoms of the patient, a few dcses
will purify the system and effccta cure.
Sold by the proprietor w. B. Moffat,
a35 Broadway, N. Y, ard .his Agents.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16

CHRISTOPHER SANDERS ESTATE.
NOTICE is hereby given that the subscribers
~ have been appointed and qualified by the
Probate Court of Monroe county, Ohio, as ad-
ministrators of the estate of Christopher San
der, late of said county, deceased.
ISRAEL LENTZ,
JACOB WAGNER,
Dec. 16 lS57.-3t pi. Adm'rs.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16

Hollo,ody,s Ointment and Pils.-The
most fearful cases of deepseated abscess
may be safely cured by dressings of the
Ointment. In stopping the discharge
and closing the orifce, by its use no dan
ger Is incurred The viras is not driven
to another locality. 1t is expelled from
the veins partly through the surface, but
chiefly through the channels that commu-
nicate with the intestines. To facilitate
its expulsion through the latter, occasion
al doses of the Pills should be given while
the locality inflammation is subsiding un-
der the healing operation Of the Oint-
ment. In ali cases of external disease,
warm lamentations should precede the
application of the Ointment.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16

~ Several important matters have
Beau deferred on account of the Message
They shall appear, if possible, in our next,
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16

DIED-Decembe 1st, in Green township,
this county, WILLIAM MYERS, jr., aged 27
years and month.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
Darlington Lodgs. No. 263,

Clarington Lodgs. Mo, 263,
Of F. & A. MAsoNs, meets the Monday on or
preceding the full moon in each month.
J. D, O'CONNOR, w. M.
WIN. T. HuRD, S. w. o. s. THOMAS, Treas.
JAMES HERMAN, J. w. J. w. HOWELL, Tyler.
PETER WADE, s. D. ]. I. MORRILL,, Sec'ry.
CAN, R;sIIop, ]. D.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
Sheriff's Sale Of Personal Property.

TaIlant & Delaplain, RY virtue Of an ,.. exc
VS.. ~ cutlon to me direct-
John kirkpatrick. ed from the Court Of
Common Pleas of Belmont county, Ohio, will
offer for sale, at public auction, at the Stsrs
room of Frederic Koehler, in the town of Woods
field, in Monroe county, Ohio, commencing q
10 o'clock A. H., on
Tuesday, the gid day Of December, 1857.
and continuing from day to day until all is sold,
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16

do wool shawis (
do comforts 80 Ii
"a do eastern linseylt
81 do flannel p
,l9 do prints z
9 do curtain calico Il
"A do domestic ging- Il
26 do french ginghan Z
IA do delane ~s1R L
= do silk lustre +
- do mohair fo q
,24 do red lawn (
Is do green barege
Is do irish linen
3-l2 dozen black sikh
cravatS
! doz. silk hk'rchiefsl
/! do cot. do
23 yards dimity
l9 do black & whit.
bobinet
one lot of lace suppos
ed to be 100 yards
5-12 dozen neck ties
6 bolts velvet ribbon
149 yards ribbon
7-l2 doz. linen hk's.
II do suspenders
4 pr. women's cot. hos,
Ii pr. do gloves
s pr. mems cot. hose
4 pr. chiid's cot. do
Al doz. collars
8 pr. mems cot. glove,
2 pr. do Buck do
5 pr. child's stocking
5 blank books
Z doz. 81 readers
1-l2 dozen Rey's arith
metic
11-12 doz. 1st reader:
8 doz. spool cot. more
or less
5 OF. pat. thread
8 lbs. cot. thread
10 doz envelops
S pr. ladies writs
43 boxes pills
one lot buttons
one lot combs
one lot knitting nsedle
one lot sloe-strings
| / doG. gun caps
4 doz. Mates
3 OF. silk
6 pr. blankets
2 carpet sacks
two I'd readers
four buggy whips
one saw
4 bolts window blind
s sun shades
I riding whips
3 palm hats
D bolts wall paper
Al bolts candle wick
| z doz. BOTTLES castor OF
1912 doz. paine kille
Z doz. liniment
| 7-12 doz. mustang lini
ment
2-12 doz, oil grape vim
3-12 dozen expectoran
syrup
1912 dozen dramati
corlial
l 1912 dozen bottle
turpentine
l doz. lininent
II dozen batemans drop
IL dozen worm specifl
! dozen bottles ink
S pr. coarse ine booi
s pr. coarse boots
& pr. assorted boots
s pr. boys boots
s pr. do do
TSpr. mems and bo,
brogans ~ -
Is pr. y ouths brogani
3 pr. gum shoes -,
So pr. womens shoes
Il AZ pr. childs shoes Ut
IL pr. fwomens d
shoes
4 door bolts
8 brass candle sticks
8 files
! razor strop
s brushes
2 hatchets
8 door la.ches
6 doz. knivea and for
!, l co1 n padlocks
do .en shoe blackil
!, 3 do tea spoons
J l do table spoons
> Taken in execution
| property of John Hi
. Falsant and Delaplai-
. Dec. 9, 1857.
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16

WAsHINaroN, Dec. 7,--Col. Richard
son, of Illinois, has beed formally tender
cd the Governorship of Nebraska
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16
EXCITE saENI'
In SUNFISH!

rI,HE undersigned having bought the entire
The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1857-12-16

s2 i nave, tneTcIOre, QetcFulHcu LndI Wull0
no useful government works already in
progress shall be suspended, new works,
not alreadycommenced, will be postponed,
if this can be done without injury to the
country. Those necessary for its defence
shall proceed as thongh hthere had been no
crisis in our monetary affairs. 5 a5 2
y But the federal government cannot do
much to provide against recurrence Of
existing evils. Even il insurmountable
constitutional objections did not exist
against the creation of National Bank,
this would furnish no adequate preventive
s clrity. The history of the last Bank
of The United States abundantly proves
the truth If this assertion. Such a bank
could not, if it would, regulate the issues
and credits of fourteen hundred State
banks in sa ch manner as to prevent the
ruinous expansions and contractions in
our CUR ncy which afflicted the country
throughout the existence of the late bank,
or secure US against future suspensions.
In 1925, an effort was made by the bank
cf England to curtail the issues of the
country hanks under the most favorable
circumstances.
| The paper currency had been expanded
to q ruinous extent, ard the Bank put
forth all its power to contract it, in order
to reduce prices and restore the eqnii-
brium of the foreign exchanges. 1t ac-
cordingly commenced system of curtail-
ment of its loans and issues, in the vain
hope that the stockholders and private
banks of the kingdom would be compelled
to follow its example. IT found however
that as it contracted they expanded, and
at the end of the process, to employ the