Highly Important [More on Kentucky's Response to the Bank Crisis]
Star-Spangled Banner
The Unionist 1834-03-13
Unionist content
Transcription
HIGHLY IMPORTANT.
A letter from Louisville, Kentucky, received in this city, yesterday, states that on the day it was written, Committee of Directors of the Louisville Bank, which has hitherto been a depository of the Government funds, called at the Branch Bank and laid upon the counter about $100,000 of specie and notes belonging to the Government. They accompanied this movement by an explanation that their Bank had resolved to touch no more the Treasury Funds—that the sum brought was all they then held—and from that time their connection with the Government must cease.
They remarked also, that they should leave the money in the branch, hoping they would consent to take care of it, for that upon no consideration would they permit it to return to their vaults. So much for the glorious experiment. “By St Paul, the work goes bravely on,” The people have said no to the experiment, and now even the pet banks begin to denounce the folly and impotence of the greatest and best.— Star-spangled-Banner.
About this Item
The phrase “By St Paul, the work goes bravely on" is credited to English actor, Poet Laureate, and fop Colley Cibber (1671-1757), from his play Richard III, Act III, Scene 1. Colley was mercilessly pilloried by Alexander Pope in the latter's Dunciad. For more on Cibber, see this web post from a theater historian Evangeline Van Houten, https://dilettantearmy.com/articles/colley-cibber
