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POLITICS. (From the appeals Natchez to Free the Trader.) honest Democrats if Our neighbor they do not religiously existence believe during the we to say whether United States Bank in averted the state of had had the it would not have the country in ruin. last eix which years, has overwhelmed we consider the ques- it things answer him, although of the people, that tion We so will firmly settled in the minds to argue against a system of a alread is like throwing dead and away entombed, time and in no danger States resurrection. He who comes have to done the any conclusion thing financial towards that the diffenities improving U. Bank condition would during the passed, years forgets of the history of of the the through our which we five have years of its existence, life and for that country during of preserving its own precarious prove from the his. difficulty It is a very easy matter U. to S. Bank never ex. did time. the country, that the control over the tory of a regular and efficient country, or over the issues exercise change or business institutions. of the Buton the contrary, impelled when- it to of the its State interests or political and policy was always found increase ever its lead issues, in the it inflations did so, which has were ever read so ruinous Niles' taking to the country. the Every from one who 1817 to 1822, the country Register, knows greater that inundation of five worthless years, paper when suffered a much has during the last that the only in money than with it the population; and for evil. We all fluence know compared that which in 1923, aimost the 1831, Bank one and hundred had, 1834, was per the banks cent., Mr. and Gallatin expand. that ed the their regulator issues was always in one the hundred van. and sixty five says, that from although 1811 to during 1830, a greater It part is well of this known, time the banks U. broke, S. Bank was in existence. the creation of the Bank, or too, that for five of years great after doubt whether for it the would evils live unit was a matter instead of being the remedy it was considered in die, and which the country labored, author of their embarross. many der of the so States obnoxious as the had it several become, of that the States, incans ments, and the Legislatures of and on the were its branches beyond in Congress to to drive taken February, by 1819, it was their moved borders; Harrison voted for 10th of and General existence of the repeal the also charter, known, that the very becoming the It is saved by Mr. Cheves curtailments it. institution was But it is also known, that this, the caused the President. made in order to effect distress and commer- Nor greatest which were amount of suffering, the country. cial embarrassment of throughout general distress and great embarrass- Bank were the these only years times in the history of the this currency, as when ment it utterly itself from failed to the regulate danger of being earth hurried well the as to receptacle save of all the lost things the mother on Bank into November, 1825, the run upon 80 great, that its re. in In Philadelphia, had become reach a hundred thousand millions. sources in coin did notes not amounted to several from New dollars, while its Mr. Biddle received for notice a sum of money At this crisis, draft upon the Bank whole available cash Orleans, in specie, of greatly a exceeding At that the moment he was also of resources of the the arrival Bank. in New York of draft the belonged. agent New Orleans, to York in the lost no time, but set reached there in time to informed the bank of in off for whom New the night, inter- inand He by hard travelling prevailed upon him, although draft on cept the agent, to take and nothing but specie, the to amount take a of the N. structed Charleston, South Carolina, was the for bank saved from the the dex caOrleans draft. Thus befel her at a later useless period by to enumetastrophe of Mr. which Biddle. It is which almost the U. States Bank terity rate the times and ways which in its advocates now pre- In failed to will-but do the good we will cite another instance. to Northern tend it Tariff act had given an impetus to embark manufactories, 1823 the which caused by speculators reason of which. States mo largely became in their more establishment; valuable in Union. the New To England meet the dethan ney any other portion and of the to purchase large quantities that sec. mand manufactured for this purpose goods, the bank amount shipped of off the to notes of of tion of the country Southwestern an immense branches, just as she in her Southern and in New Orlears in 1836-7-3, New Eng shipped her cotton own with notes The local Banks the of United States purchase the branches of these notes in land, in as that will Fection, as refused to receive for dutiee. The depayments Bank made to them, being except small when compared below to mand for this purpose depreciated in the market and the circulation, they State Banks, and were bought name of the issues the of brokers the at a discount, instead under of the regulating sold custom-house by money. the currency Thus, and exchanges, chief it leader could other banks and its If, but was notoriously of the the currencynot regulate expansion and contraction at the nexi reducing the in one every moment inflating of the and country, thereby rendering unsettlinz all the circulating monetary medium affairs of the nation, and businees a lottery. of the existence of the eight last revulsions Bank, a period in the bu23 During years, we had no less the than country. The fluctuations sinc53 and currency of 20 to 40 per cent. in the be course such in the latter being from not prevent these, if it who at of a year. Why did it and currency? He, a potent charm with to business all the experience of a of Bank, the past is placing staring him faith in against the face, fact, speculation against this late day. argues in favor experience.
