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How Ir During the reign of Jack
son. Van Buren. Geo. our imports vastly
exceeded our exports. Our Indebtedness to
Europe had to be paid in specie; conse
sqnenily. the country was drained of all the
precious metals To supply thar vacuum.
400 nex banks were created BY the Jack
son Partyto nood The country viii, irred,e-
smabie paper. This answered for while.
but soon failed. as all know Europe still
kept drawing on US for specie /; it is thus
we were lef. without circulating medium.
The whig Congress having passed new
tariff act, the operations OF which brings US
out Of debt to Europe and shows balance
IN our favor Of Q millions per annum :;
this we get in specie. Yet il is exceedingly
difficult Tor some Of our locofoco friends TO
comprehend SO plausible matter.