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pid!v i.incd degree o. prosperity AID iIipoF-
tance unesualled in the history Of nations.


The population Of the United States vas at this
period 5,305.9 925.


The uncx pcctcd prosperity OF people but i'is,
assuming a station amongst the nations, eXci;ed
their envy and Jealousy, sas war commenced be-
tween France and the United States in 1900 4
satisfactory peace was concluded the same year


A spirit OF hostility. engendered during the war
with Great Britain. still continued to be exhibited
b. her subjects; in 1907 the commander Of the
British ship Leopard fred nto the United States
ship Chesapeake on the coast of the United States.


4 few years after an encounter TOOK place be-
tween the United States snip OF war President and
the British ship of war Little Belt.


In 1911 the United States Bank charter expired,
and in juno. 1872 war wa. declared by the Uried
States against Great Britain.


The same year general suspension OF specie
payments took place. Almost simultaneously with
the expiration OF the charter of the United Sta ties
Bank, State institutions multiplied to an alarming
extcnt, aooing the country with pap:r issues, as
the States and the United States Government had
done prier to the adoption of the United States
Constitution. About the year 1914 the State OF
Pcnnsy lvaaia chartered forty Banks at one Session
OF sr Legislature, and speculative disposition
evinccd itself throughout The country.


Molasses. sugar, coffee, tea, butter beeswoX.
leather, real estate, and in fact almost every de-
scrip,ion of properly were boughtup at an exiraor-
dinary advance in price.


Pence followed in 1915, but the spirit OF sTecu-
ation still prevailed; reference 70 the table of
imports shows the amount OF duties for the year
1915. ihirycich' millions and the amount OF duties
for 1916 to be thriy-rhree millions. Prcs;ration,
disorder and confusion again prevailed throughout
the country. Ncw-York New-Orleaas and Baii-
more were particularly sufferers. These disasters
were by many thought to be the result of the war


In 1916 another United State, Bank was esia-
blishcd the country, after a few years, became
settled aad prosperity again followed


in 1882. the United States Gank applied for a
renewal OF its charter. 4 bill for this purpose
passed both houses OF Congress, and WIS vetoed by
General Jackson on ,he lO;h of july Of that year.
From this period the Executive exhibited hostile
feeling TO this institution, and in 1884 the Govern
mcnt's depositcs ordered TO be Withdrawn
from it. This brings to the period that has al
ready been treated Of with the disaster, that fol-
lowed.