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Foreign News
September 8, 1834
The Daily Cincinnati Republican, And Commercial Register
Cincinnati, Hamilton County, Ohio
What is this article about?
The London Age, a staunch Tory paper, recognizes American Bank supporters as true Tories despite their Whig disguise, viewing them as Wellington's allies against the President. It implies the Bank's $52M debt is largely owed to Europe, to be paid from the $60M cotton export crop, comforting foreign stockholders.
Clipping
OCR Quality
92%
Excellent
Full Text
From the Globe.
THE TORY PARTY IN AMERICA.
The real tory party of this country, are recognized by their brethren of the tory party in England, notwithstanding the disguise of the assumed name of Whig, taken for the purpose of deceiving those whom they may stigmatize here as the ignorant multitude. The London Age of the 13th ult., one of the staunchest tory papers in England, knows the supporters of English tory principles, in the partisans of the Bank, and cheers them on with the hope "are not done yet," without taking the slightest exception to the name of Whig, which renders the party bearing it quite odious to the editor on the other side of the water. But he understands it to be a mere mask worn by the Wellington antagonists of the President in this country. The paragraph of the Age, it will be further remarked, indirectly assumes, that the debt due from the people of this country to the Bank of the United States, is a debt due to Europe. This is to a great extent true.—The stock held in the name of American citizens, is held by them for the most part as the agents of foreigners--and in considering as a portion of "our commercial debt to Europe." the debt of $52,000,000 due to the Bank, to be provided for out of the $60,000,000 worth of the cotton crop exported, the Editor doubtless designs to comfort the holders of the stock, 'with the prospect of gathering in that capital and its profits, which they are not likely hereafter to be permitted to impose as a burdensome annual tax on their pack horse "Jonathan."
THE TORY PARTY IN AMERICA.
The real tory party of this country, are recognized by their brethren of the tory party in England, notwithstanding the disguise of the assumed name of Whig, taken for the purpose of deceiving those whom they may stigmatize here as the ignorant multitude. The London Age of the 13th ult., one of the staunchest tory papers in England, knows the supporters of English tory principles, in the partisans of the Bank, and cheers them on with the hope "are not done yet," without taking the slightest exception to the name of Whig, which renders the party bearing it quite odious to the editor on the other side of the water. But he understands it to be a mere mask worn by the Wellington antagonists of the President in this country. The paragraph of the Age, it will be further remarked, indirectly assumes, that the debt due from the people of this country to the Bank of the United States, is a debt due to Europe. This is to a great extent true.—The stock held in the name of American citizens, is held by them for the most part as the agents of foreigners--and in considering as a portion of "our commercial debt to Europe." the debt of $52,000,000 due to the Bank, to be provided for out of the $60,000,000 worth of the cotton crop exported, the Editor doubtless designs to comfort the holders of the stock, 'with the prospect of gathering in that capital and its profits, which they are not likely hereafter to be permitted to impose as a burdensome annual tax on their pack horse "Jonathan."
What sub-type of article is it?
Political
Economic
What keywords are associated?
Tory Party
America
Whig Disguise
London Age
Bank Of United States
Debt To Europe
Cotton Crop
What entities or persons were involved?
Wellington
Where did it happen?
America
Foreign News Details
Primary Location
America
Event Date
13th Ult.
Key Persons
Wellington
Event Details
The London Age recognizes American Bank supporters as Tories disguised as Whigs, allies of Wellington against the President, and views the Bank's debt as owed to Europe, payable from cotton exports to reassure foreign holders.