135

1834 2nd The great distress in business is charged by most people to Andrew Jackson the President of the U. States to support party views. That it was by his direction (unauthorized) that the deposits were removed and that he now refuses to restore them, let what will come of it. Congress has been occupied on the subject for several weeks, to endeavor to relieve the depression of the people. A large number of Memorials from various parts of the U. States have been lain before Congress. Deputations from the body of the people in many places have been appointed to wait on the President & have an interview with him on the subject of the distress of the people of the United States. He has hitherto treated them with that contempt that is very unbecoming the Head of the Nation of Free People. He says he will take no measures to relieve the people of their burdens. He takes no part in the blame to himself, but charges the whole to the mismanagement of the U. States Bank. The President says he has a plan by which the people will become united & harmony will be restored & business will flourish among all classes. He has he expected many would suffer in bringing about his plan & that the most of those who fail ought to fail for they were doing business on borrowed capital & it is better for the country that they should be stopped. All this false statement instead of easing the people, adds to the aggravation & causes great murmuring among all classes. It stagnates all businss which effects the poor as well as the rich. Confidence seems to be lost among the commercial part of the community. As respects this place there has not been many failures, but the business of the people is suspended; there is 6 Ships in Port, the owners of them are not fixing them out & the business part of the town appears more like the first day of the week.