ANNALS OF CLEVELAND

180
CLEVELAND NEWSPAPER DIGEST JAN. I TO DEC. 31, 1838
Abstracts 1128 - 1134
MONEY (Cont'd)
1128 - H&G July 9; ed:2/2 - Mr. Woodbury states that the amount of
Treasury notes issued up to July 1st as $14,904,014.25. He gives the
amount returned to the Treasury at about $6,570,900.
"Thus a hard money administration, warring against convertible bank
paper, keeps in circulation $8,334,014.25 in Government shin-plasters!"
1129 - H&G Aug. 11; adv: 2/6 - Notice - $2,000 Michigan Money wanted •
The subscribers will receive for a few days the following kinds of money
for Groceries and Provisions at par: - Wisconsin - Calhoun Co. - Clinton •
Farmer' s Bank of Homer - Merchants and Mechanics' Bank, Monroe • Huron
River - Superior - Grand River. R. Sheldon & Co. (1)
1130 - H&G Aug. 13; ed: 2/3 - This is the day of general resumption. The
Banks of this city now paying specie on all their issues. So do the
Banks of the West and the East generally. The reign of shin plasters
and irredeemable paper is over, with the exception of Government issues.
"We trust the dawn of a better state of feel ing between the moneyed
institutions and the Government has broken upon the country. If so, we
look upon a sure and gradual return to former commercial and financial
prosperity." (4)
1131 - H&G Aug. 21: ed: 2/3 - Specie Payment. - A week has elapsed since
the resumption by our banks, and we are gratified in being able to state
that the demand on them for specie has been very trifling and that the
best feeling in sustaining the resumption has been shown by the community.
"The resumption has done much to restore confidence, and to lessen
the demand for specie. It works well thus far, and will continue to do
so if the people and the banks sustain each other." (3)
1132 - H&G Aug. 21: ed:2/3 - Resumption. The Whigs in every part of the
Union hail with enthusiasm the return to specie payments by the Banks.
"But how has a resumption been received by the Loco Focos? Invariably
with a growl, or in sullen silence. No congratulations - No thankgivings •
no rejoicings. Which is the irredeemable party? Is it not easy to decide?"
(3)
1133 - H&G Aug. 27: ed: 2/2 - While the election was pending in Illinois.
the administration thought it good policy to relax the obnoxious specie
regulations. The Illinois REPUBLICAN states that the notes of the State
Bank and its branches, of $20 and upwards, are now receivable in the Land
offices of that State.
"There' s a convenient • divorce' for yeo Bank notes are not taken at
the Land offices in Ohio, and the Cincinnati GAZETTE significantly asks,
• Is there one law for Ohio, and another for Illinois?'" (2)
1134 - H&G Aug. 28: ed:2/2 - The GLOBE has again struck the "golden liar."
(2)