New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-09-03

l. What in the opinion Of General Jack
son was the Democratic doctrine Of cur.
reDcy and finance. 2. The total and
fragrant abandonment of this doctrine by
Hon. William Allen and others, who pro
tess to be the disciples of jackson:
CONVERSATION AGAINST HIM.
May l, lSil.-There never was baser
fabrication than the extract you inclose me
| taken from that vile SO wer of SANDER, the
Louisville Journal l refer you to the
Nashville Union for full refutatiOn of this
| foul and false attack upon me. This has
been the course of the Federal Wings fol
years, to iDIure my fame and my credit.
He then recites and explains the embar'
easements of his son as follows:
A combination of our modern Wings, who
| had induced him into his difficulties, and
| has swindled him out OF at least $40 ,OO0 0y
his Endorsements made a rush upon hin
| and brought cult against him with a view
to ruin him and mortify me. l did inter
tere between him and these swindlers and
his oppressors.
No one can help admiring this noble
and disinterested friendship, the more
when it is known that, out of debt him.
self and with ample property, he volunta'
rily assumed payment of the debt. In
making statement of his crop prospects,
he says candidly: ave have forbidding
prospects here now" 1t is proper to say
that the old hero says:
will be thankful for an accommodation
from any of your banks for one year, for
$4,000, payable in installments and upon a
fair interest
DEFEAT OF THE FEDERAL WHO'S.
October IS, lSil.-You will have seen be-
fore this reaches you that the Federal
Wings are overthrow everywhere where
late elections have taken place. Georgia,
Maryland, Ohio and Maine, with Indiana
and Pennsylvania, are all redeemed from
the delusiOns and rule of coonsklns, hard
cider and big balls, and the veto OF Presi-
dent Tyler has put to rest Clay's National
Bank, and if our Legislatures will do their
duty TO the lsborers of the country and
coerce the banks 10 resume specie payments,
the insolvent banks will have to wind up,
the solvent banks can then operate with
safety and relieve the country.
trust the Legislatures of the States,
by prudent and wise legislation, will
prevent future suspensions of banks,
and if any suspend that they will at once
go into liquidation and wind up. Therein
the labor Of your country will flourish, and
every other branch of business, being based
upon labor, will be prospecting.
FEARS TIE FEDERAL WINGS.
The bank lat Nsshville) proposed to yield
me an accommodation. but when l recol.
lected that we had Wing Governor, who
is clothed with the power of nominating
the directors of the State Bank, and the
other banks are directed by Wings, who
would rejoice to have the opportunity to
protest me if l was not at all times ready
to meet their calls, has determined me to
accept of your proposed and much esteemed
friendship, on condition we can do it with
out imposing upon your kindness anu en-
dangering your'interest.
Then follows an explanation of his re-
sources, and continues:
1t may be asked, with property like this
how ia it you can be pressed for the sum of
six thousand dollars The answer is, that
my son had fell into the hands of swindlers
and to relieve him from their grasp we had
to make sacrifice of valuable property
which the Wings took occasions to an
nounce to the world that l was broke.
could not stand by to see my son oppressed
by act OF Wing swindlers and not relieve
him from their grasp.
HIGH SENSE OF INTEGRITY,
He subsequently says:
l will send you my sons Joint note for
the amount, and should you desire other se-
curity, it will be added. You will please
advise me what your back interest is that |
may add it in our note, and when the money
tV1.Ia t..xh 10
that at any and every sacrifice it shall be
returned with the interest. The bank here
lat Nashville) is willing to accommodate
me; their interest is about seven per cent,
but as long as our banks are directed by
Wings cam not risk my credit with them,
knowing hon mich gratified some of them
would be to see me protested if failed to
meet their calls.
Upon reflection, my dear General, and
from the hardness of the times, l am fear
full that, in complying with your disinter-
ested, friendly proposition, you might be
put to some Inconvenience. If 80, nv dear
friend, pray you with the frauknsss of
friendship to say so, for l would not for nv
whole estate have friend of mine to do
any thing tor my relief that might put him
to any inconvenience or embarrass him.
Such thing would leave on my mind re-
Elections that would render my existence
miserable through life. / pray you, there
fore, as friend If any inconvenience exists
in carrying into effect your friendly prOpo
sitiOn to be kind enough to say 80 to me
aud refrain from 1t. and / will look else
where for relief or bring my property into
the market at any sacrifice.
He Acknowledges, on January 4, 1912
the accommodation desired. This author
ity to draw ''came like an angel of light"
relieved him ''from all pecuniary oppres-
sion" and placed him far from the frowns
of all Wings OR banks directed by Wings
Relieved from the Federal Wings by
this timely reinforcement, he resumes the
aggressive. He speaks of "those press
ing times" when "the banks are about beinq
forced to resume" ,ehich he hopes ''nuy be
the case eueryoohere."
July, 1871 have only noted that part
of your letter giving an account of the
English swindler combined with the banks,
who deprived you of your property acGuir-
ed by continued honest industry. This is
one of the great evils Of our modern bank
ing system. This swindler could NOT have
ever reached you if not combined with the
banks, who ought 10 have shielded you
against the swindling act of this foreigner.
hope the time 10 come when The Legislatures
of The States will eoerce all banks to pay Mei,.
debts-redeem their promises like honest men.
This alone can restore confidence and pros
perity to our country. At present the
insolvsnt banks feed sthe speculators, the
nOn-pr0duoers, who are like the drones upon
ha hxx eoaa A.