ANNALS OF CLEVELAND

CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC. 31. 1838
Abstracts 1111 - 1115
MONEY (Cant' d)
"When the government will be satisfied with payments in the currency
used by the people, banks can extend and specie payments may be resumed;
but not while gold and silver are used by the former, and shinplasters
with unconvertible paper make up the circulating medium of the latter."
(5)
1111 - H&G Feb. 14; ed:2/3 - The Vandalia, 111., FREE PRESS of the 27th
ult. states that two wagon loads of specie, under an escort, recently
left that place for St. Louis.
"So it works. The Land Office at Vandalia gathers in the specie from
the people of Illinois, but not a dollar of it gets back to their pockets.
Do the laborers on the National Road get the specie for making Uncle
Sam's highway? Not they. Rags are good enough for their 'huge paws' in
the opinion of our bard money Government. The soft hands of the office
holders are fit only to handle 'long silken purses·.... 'Corn for the
office holders, cobs for the people,' say the loco focos." (3)
1112 . II&G Feb. 17; adv: 2/5 - Michigan Money will be received at par for
Groceries and Provisions at Wholesale or Retail. Cash will be paid for
good Beef Hams on delivery by the subscriber. R. Sheldon & Co. (I)
1113 - H&G Feb. 22; ed: 2/4 - The Albany ARGUS says that every Federal
Legislature has rejected or indefinitely postponed the bills to compel
the banks to resume specie payments.
"Silas Wright. and the editor of the ARGUS, and Mr. Van Buren himself
all know full well. that whi Ie the Treasury Circular and other party
measures of like tendency are in force, a general resumption, were it to
take place. would give nu relief. The people expect a renewal of specie
payments to be followed by a renewal of business and a change in the times,
and many. on finding themselves disappointed. would be led to exclaim down
wi th the banks."
H&G Mar. 3; ed: 2/3 - See Real Estate
1114 - H&G Mar. 13; adv:2/5 - The citizens and Business men of Cleveland
are requested to meet at the Court House on Wednesday evening, to devise
some mode for doing away the numberless Shin Plasters which are now in
circulation. Many Citizens. (1)
1115 - H&G Mar. 15:2/4,5 - A public meeting was held at the Court House
last night for the purpose of taking measures for the suppression of
Shinplasters. Wm. Milford, Esq •• was appointed chairman and D. Baldwin
secretary. A committee of ten was appointed to report resolutions expressive
of the sense of the meeting. Among the resolutions adopted was
that merchants of the city should refuse to receive hereafter any shinplasters.
and that the banks of the city issue small bills immediately
for the relief and benefit of the community. (12)
177