From the Baltimore Republic,
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 Prosfration of Basiness-A National Bank.-That there some individuals in the community weak enough to believe that National Bank will afford them the of paying their debts and tend to re- vive the business of the country, have no doubt and all of such will doubtless be pleased with the prospect, which they now see, of having sach an in- stitution established But do these same persons collect that bank of the description proposed has already been ied and that the very reverse of their wishes has been the result. For the information of all such give the following fac,s, which we find in Gouge's Journal of Banking, by which it will be seen. that the prosraton of business and public dis tress much less now than they were in 1Sl9, when there was in full operation Bank of the Uni ted States, with capital of thrtyfve millions of dolars-fve millions more than that proposed by Mir. Clay's committee. The Journal says:

 'Then, as now, the country was burdened with a heavy public debt. The is not matcrial, alter ed by the fact that the debt pressed then immediately the Federal Government, and that it now presses on the States.

 "Then individuals owed millions on millions more than they could pay.

 "Then capitalists could with difficulty find sale and profitable investments, and laborers were consequent ly left without employment.

 "Then, wages and prices of land, and of commo- dities generally, fell greatly.

 "Then, as now, the troubles of the times were oc- casoned in part by extensive specuations in the pub lie lands.

 "Ihen, a strong party were calling aloud for relief measures.

 "Then, owing to the derangemcnt of many of the operations of industry, vice increased and crime a. bounded.

 Sour large cities were not half populous then as they are now, yet, according to Niles Register, at one season in t8I9, there were 10000 able bodied men in New York, daily seeking for employment, or adding the wsmen. 20 900 persons who desired some- thing to do; in Philadelphia 10000 persons were in like condition; and, in Baltimore, 10000 were m unsteady employment, or actually suffering because they could not get employment.

 s'Neither is the fall ofpricesas great it was then. According to the testimony of a Director in the United States Bank houses in Philadelphia which used to rent for 1900 dollars year, brought in 1920 no more than 450 dollars; fuel which used to l2 dollars fell to 1-2 dollars, flour fell from II dollars to dollars barrel beeff from 25 to cents pound. [See. Niles Rregister, vol. xviii, page 3s7 II

 Glands in nineteen counties of Pennsylvania, which about the year 1915, brought, average from 93 to l22 dollars an acre, would in 1919 bring more than from 29 to Al dollars. This, we assert the authority of,a Committee ofthe Senate of Pennsyvan ia, of winch Mir Raguet was Chairman. 'In September, 1920, corn was sold m some parts of Kentucky at 10 cents, and wheat at 20 cents a bushel. In May of the following year, corn was as low at Cincnnatti, and wheat in some parts of Ohio was at 10 cents bushel,