THE TELEGRAPH.

B A 7 H M E:

RSDAY MORNING. OCT. 2i.
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The progress of the suspension is still
onward Already it has reached Maryland,
Delaware. Virginia and South Carolina
and undoubtedly will spread over the whole
south if it does not reach every State in
the Union. Thus we continue to reap the
bitter fruits of Jackson and Van Buren's
experiments. The people Of this country
will remember that as far back as 1880, the
experimenters began TO make preparations
for a change, a revolution in our whole
financial system. They reasoned that be-
cause the people had placed them in pow
er, the institutions of the country were un-
der their control as political stock. An
attempt was made to carry out this mon
strous idea by calling on the United States
Bank to depart from The objects of its crea-
tion, and do political duty under the ban
ner of a partzan chief; and by refusing to
enlist, the bank committed an nnpardona-
Bile sin against oco-focosm 1t checked
over issues of the State Banks, confined
the bank capital of the country TO the wants
Of healthy business, and consequently
kept the specializing mania from driving
millions 10 bankruptcy and ruin. For all
this it was pronounced oppressive and ty-
ranical, and must therefore be put down.
The United States Bank was accordingly
overthrown and the several States called
upon by the organs Of modern democracy,
or the spoils party, to create State Banks
and make money so plenty that the people
could have bounsfi supply. The de-
posit Banks were also called upon by the
Secretary of the Treasury to discount lib
orally. How did the spoils-men through
out the country, always eager TO be found
in the ranks at the first tap of the drum,
facts. In 1880, about the time sentence
of death was pronounced on the United
States Banks, the bank capital of all the
States amounted to one hundred and ten
millions. 1t now amounts to .foaa' hundred
and fifty millions, and three quarters of the
increase created by jackson State Legisla-
lures. Here is their practice, their theo-
ry is down with the Banks-down with
credit, and give the people a gold and sill
yer currency.


Disaster and distress has followed close


y on the heels Of every experiment set in
motion by the spoils men until our whole
money system is on the verge Of ruin Mr.
Van Buren's remedy for impending evils is
TO pass the Sub, b,Treasury bill, and scrape to-
gether what little gold and silver there is
afoat, and parcel it out among the whole
tribe of government panpers. Surely ihe
day Of reckoning is not far off. The peo-
pie will place the responsibility where it
justly belongs and call their deceivers to a
rigid accountability.