THE OVERFLOW.
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The Globe says, in long editorial ar
ticle, "Wilh General Jackson came tn
overthrow of the Bank, internal improve
ment, and continual reduction of the rar-
iff.''


Even so. The Bank was ovcrthrown.
and the public funds were put into the pet
Banks, with Instructions to have it lent
out freely, so that the outcry on account
of the removals might not be so loud and
long. And orders were sent to the sever
al Jackson states, 1or The Government
was, to nearly all intents and purposes,
central and consolidatedD to have as many
State Banks chartered as possible. That
was done, and the country was nooded
with paper, andmohey was scarcely worth
four per cent. per annum. Here was
glorious flush. The tariff was gradually
reduced, so that foreign goods could be
imported very low, and the case Of credit.
arising out of the unnatural flush caused
by the overthrow OF the Bank, induced
large importations, and brought US indebt-
ed to England far beyond the amount of
our exports, so that silver and gold were
collected and sent away; and this caused
a driving in of the Bank notes, and that
led to a calling IN of the Bank debts, and
that led to trouble-and the trouble has
not yet been overcome.


u. S Gazette