ANNALS OF CLEVELAND

Abstracts 18 - 81
CLEVELAND NEWSPAPER DIGEST JAN. 1 TO DEC. 31, 1838
BANKS & BANKING (Cont' d)
18 - H&G Sept. 8; ed:2/4 - The ADVERTISER is still harping on the indebtedness
of the Banks to the Government. Suppose that establishment
sets an example by paying sundry protested notes to the Banks!
Example before precept. (1)
79 - H&G Sept. 18; ed:2/2 - There is a happy illustration of the universal
Locofoco Anti-Bank feeling in the proceedings of the late Locofoco
State -Convention in Michigan. The following resolution was adopted by
the convention: Resolved, That in the opinion of this convention, the
establ ishment of a well regulated State Bank, under the control of the
people, is a measure called for by the interests of the State.
"What will Senators Benton and Allen say these 'Bank minions' of their
party? A 'great monster' needed to regulate some fifty 'little monsters!'
Such is Michigan Anti-Bankism."
For the edification of our Ohio Anti-Banlt Locofocos, we copy another
resolution unanimously adopted the same convention. Resolved, That
the convention repudiate the charges of the federal press, that the
Democratic party is hostile to all banking institutions; and that we disapprove
of any attempt to destroy any of the sound banking institutions
of this state.
"'Destroy, discredit, or injure,' etc. Let our Anti-Bank hypocrites
bare their backs to the lash so well laid on by their political brethren.
Don't wince." - (4)
80 - H&G Sept. 25:2/1,2 - In an open letter to the public, J. W. Allen
says: I am in substance charged with a gross dereliction of duty to the
country -and to my constituents for the contemptible purpose of advancing
my own pecuniary interests. This is a mistake, as every one knows that
owing to the extraordinary embarrassment growing out of the last war with
England, most of the Banks in the southern and western States adjacent
to the theater of operations failed, either pending the war or within a
few years thereafter. Among them was the Commercial Bank of Lake Erie,
which stopped in 1818 on a demand for specie made by a Branch of the Bank
of the United States. The Directors determined not to pay the U. S.
Bank but to pay individual bill-holders instead.
"There is a slight mistake in the averment (as per yesterday's
ADVERTISER) that I voted at the last session of Congress 'to put more
of the people's money into this Bank.'" (25)
81 - H&G Oct. 2; ed: 2/2 - Zalmon Fitch, Esq., of Warren, has been appointed
President of the Bank of Cleveland in place of A. Seymour,
resigned. (I)
H&G Oct. 6; ed:2/3 - See Political Campaigns & Elections - Cleveland
& Cuyahoga
H&G Oct. 18; ed: 2/2 - See Grain
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