Mr.. CLAY'S PROPHECY


FULFILLED.
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Never did prophet more clearly predict
events not transpired and to come, than did
Mr. Clay. when in 1885. in public speech,
he spoke as follows ofthe certain consequen-
ces resulting from destruction of the Bank
ofthe United States. MIR Clay said.


There being no longer any sentinel at
the head Of our banking establishments, TO
warn them by Its information and operations,
of approac hing danger. the local institutions.
already multiplied to an alarming axtent,
and almost daily multiplying in seasons of
prosperity will make free and unrestrained
emissions. All the channels of circulation
will be gorged. Property will rise extrav-
agantly high; and constantly looking up, the
temptation to purchase will be irresistible.
lnordinate speculation will ensue, debts will
oe freely contracted, and when the season
of adversely comes. as come at must, the
banks, acting without concert and without
guide obeying the law of self preservation,
will at the same time call in their issues
the vast number will exaggerate the alarm.
and general distress, wide spread ruin. and
an explosion of the whole banking system
or the establishment of a new Bank of the
United States. will be the ultimate effects. !"


Who does not feel, in his very aching
bones, most literal fulfilment ofthis great
statesmans prophecy2-Memp, Eagle.