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country that he will be delighted to find amongst the products, an abundant produce of bank-notes, the free-trade', which he has so loftily eulogised: that in one of these PRICE CURRENTS' which I saw just before I left London, which PRICE CURRENT' was published at New York, there are all the various prices of the bank-notes of all the banks in that state; in one case the dollarnote, which ought to be worth a hundred cents, is stated to be worth ninety-eight cents, and then the prices go on varying from ninety-eight cents to twenty-five cents! That Mr. ATTWOOD must be enraptured at this system, but that the people of NEW YORK, whom these roguish bankers have cheated out of seventy-five cents out of a hundred, will hardly join him and the COUNCIL' of BIRMINGHAM in crying up the blessings of a free trade in money : that the same American papers will inform Mr. ATTWOOD, when the great weight of English affairs will permit him to attend to them, that, at this very moment, the commercial distress in America, the embarrassments in all pecuniary transactions, the breakings, the frauds, aye, and the want of employment, too, all exist in a degree quite frightful to contemplate: that, therefore, though Mr. ATTWOOD is in error with regard to the American free trade in paper-money; though no bank-note can be issued in the States without a charter granted by law, America gives us a warning as awful as a warning from the tomb, to turn with indignation from the advice offered to the ministers by Mr. ATTWOOD and the COUNCIL Of BIRMINGHAM, for that, that country, otherwise so blessed, in all other things so happy, a cheap government, the face of a tax-gatherer never seen in it, the land more abundant than the hands to cultivate it, all the sources of information and of knowledge perfectly unshackled; that country, so blessed by God, and by a combination of earthly circumstances unparalleled in the history of the world, has been thrown into a state of turmoil and misery by that accursed scourge called paper-money, which it is the object of Mr. ATTWOOD and the COUNCIL,' to revive and perpetuate in England!

That, however, our own experience ought to be quite enough to

make us resolve to perish in the strife rather than suffer this curse to return to afflict the children committed by nature to our sacred care that, in the year 1818, a banker at PORTSMOUTH, in Hampshire, broke, and the effects of that breaking were described by the Hampshire newspapers to be such, that the lamentations, the cries could not have been greater if there had been a dead corpse lying in every third house in the county! This was by no means a very great exaggeration, for his notes were in every hand; they were husbanded up by thousands and thousands of poor men to pay their rent with; to buy a pig with; to buy fuel for the winter; to provide other things for the coming inclement season: these accursed notes representing their sweat during the hay time and harvest, their care and anxiety to provide for their wives and the children, all, all swept away by the instrumentality of the execrable paper-money; and that that man must be a devil in human shape, who would seriously and on consideration (which I trust Mr. ATTWOOD will not,) revive and perpetuate.' So far Mr. Cobbett.

Could it be too much to think that some guardian angel has the great American Republic in his safe keeping; that it was Providence inspired and enabled her Chief Magistrate to resist at this critical period the impetuous torrent of paper money; for had it continued to swell a little longer it would irresistibly wash away all things-liberty, equality, and rights, into the pool below. Since one solitary bank though opposed and obstructed by the government made such gigantic strides in corrupting the Fress, the Senate, and several of the Lower House, engrossed, nearly for twelve months, to the exclusion of almost every other quesion, the attention of both houses of Congress, nay, the attention of all the states from end to end, and shook all trade and commerce to the very foundation, what would not be the alarming power of the same National bank, if aided and patronized by the government, with the army, navy, and every other means of corruption at its disposal? It is reported that some party or faction have it in contemplation to erect some other National bank on the ruins of the United States Bank. Can it be possible that the American patriots, and above all, General Jackson, now that the dreadful effect of paper money, at home and abroad, is exposed to their view, would even for one moment, en

tertain such diabolical notions, would think of tolerating banks under any shape or form. Now, when a blow is given to the monster; when its hideous deformity is exposed to the public gaze; when the Nation is free from debt with no danger of a storm from any quarter; when there is at the helm an upright, intrepid, and disinterested Chief, if they do not repeat the blow and secure the victory which is achieved, the few will with usury and extortion devour the many, as it has happened in England.

SAVINGS BANK, SATAN'S NET FOR CATCHING

SOULS.

Brethren, be sober and watch, for your adversary the devil, as a roaring lion, goeth about seeking whom to devour. Alas, man's life is but one continuation of trials and temptations: the devil, if defeated in one point, soon attacks in another. He vanquished Adam in paradise and tempted the Redeemer himself in the garden: he swallows up without concern the river and thinks that the Jordan should run into his maw; his baits are always gilded with gold; his temptations masked with friendship. The rich fishes being long since fast in his trammel, he now throws his bait for the small fish. The Savings Bank was invented in England, about the year 1812, at the suggestion of Mr. Jer. Bentham, by Mr. George Rosc. Branches soon after sprung up in every town and city, upon Government security, as treasuries for the savings of the poor servants and laborers: they having liberty to withdraw the deposites with four per cent. interest, at any contingency of sickness, old age, marriage, or otherwise. It is, therefore, a usurious institution that involves the lenders in all the maledictions and penalties decreed against notorious usurers. Notwithstanding, so mighty is the haul already made by satan that, according to the London papers, no less than five hundred such banks, containing sixteen millions sterling, are now established in England and Ireland.

Forsooth, the government that was loaded with a debt of eight hundred millions, now assumes the additional burden of all the Savings Banks in the kingdom. But whence comes the interest of the deposites? Perhaps the government, like the spider, draws

it from the recesses of its own abdomen. No, but the poor in general are taxed for the poor in particular. But the several agents in the machine-the Revenue officers, clerks, bank direc tors, and so forth, take special care that the poor in particular, or the depositors shall not receive all that is collected in taxes from the poor public.

The pretext for the invention; namely, the amelioration of the poor people's condition by rendering them frugal and selfish, is specious indeed, had it come from a person whose pretensions agreed with his actions; but coming from a tax-eater-old George Rose, who and his family yearly devour several thousands pounds of the public taxes, the invention should be looked upon with caution and suspicion. With regard to his real motives and views we must, of course, go by conjectures. He might be anxious to allure the substance of the poor, like that of the rich people, into the gulf of the funding system; to fasten all hands, the rich and the poor alike, in the support of the tottering fabric; or he might have learned from the French Revolution that no way for securing to himself the loaves and the fishes, could be more effectual than to give to the poor, and that too at their own expense, some little share in the public funds. Had this been really the end and aim of the Savings Banks, the Civilian began at the wrong end; it was far better to begin at the other, by reducing the taxes, and abolishing all sinecures and unmerited pensions: by giving, in short, to the people some interest, not at their own, but at the government's expense in the affairs of the country, Then, indeed, would the laborers, servants, and the mechanics rush forward with full ardor of heart and soul to uphold the falling edifice; then would every arm be nerved and every sword unsheathed to defend the Common Wealth; then could the Ruler securely lie upon his

couch.

The Civilian should learn from the United States, not from France, the science of government; where he would find that cheap laws, reduced taxes, equal rights and privileges are by far better means than the deep schemes and tricks of funds and Savings Banks, for the preservation of peace and prosperity where all tribes and nations; blacks and whites, live in union and harmony; where the

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arsenals are full of arms, batteries in perfect order, and peace uninterrupted; no standing army, but every man from twenty to forty five a soldier, and each soldier a citizen ready, and willing at the first call to fight for the Republic.

The banking system, though it began in England in the year 1692, and crept into Ireland about the year 1780, gained not however full scope until George Rose's invention in the year 1812. The baneful fruits of the unchristian institution is already visible in the total ruin and almost depopulation of the towns and villages.

The CITY OF CORK was remarkable from time out of memory for comfort and plenty, and for the total absence of distress and beggary, until the cupidity of traffickers about the year 1790, got up banks, which failed in the year 1820, dealing destruction far and near. Old George Rose's invention is adopted as the only panacea. Now are savings, frugality, and temperance preached up by the Parson and political Economist. This stagnant pool absorbs trifles from all quarters. The invention that would relieve the poor, turns to their ruin; the loans that formerly spread through society, now stagnate here together. And despite of a standing rule That no man deposite more than fifty pounds sterling, various fifties come in from one and the same person, through different branches of his family. Had the Savings Banks been really intended for the exclusive benefit of the poor, not as a snare for the property of both rich and poor; had the Government been displeased for this constant evasion of that rule, they would certainly have fenced it in with pains and penalties.

The ministers of the crown had previously to go round about by an application to Parliament for supplies; though they were always sure of success with a corrupt House of Commons, the speeches for and against the new loan were spread by the Papers and canvassed in every tap-room and club-room in the Kingdom. This gave John Bull high notions of his liberties, and made him think that he could not be taxed without his his own consent, through his representatives. But now is John and the papers sadly baffled by old George's deep and dark scheme. The minister silently, without discussion in, or out of the Parliament, draws in all the spared money of the nation; has an unlimited power of borrowing and taxing. Where

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