Let people by no means forget how it is recorded by the Hon. Levi Woodbury, Secretary of the Treasury, in his official report, in 1841, to the Senate in Washington: that the public has lost, since the year 1789, by the use of bank-notes. the enormous amount, $365.451.497! How the Americans are duped and defrauded with their eyes open, by their cunning countrymen! Under that iniquitous system, if tolerated a little longer, will the labouring classes, the bone and sinew, the basis and stay of the country, be utterly exterminated, or rendered the degraded slaves of the rag nobility. Would not this be a wide field, a rich theme for the zeal and talents of the Free Soilers and Abolitionists ?

Without reference to State or Congressional Documents, or to any other authority, Burlington might know from reflection and experience, the ruinous operation of bank expansions and curtailments. The expansion in 1848, made people crazy: the value of land and houses rose so suddenly that they could hardly be purchased for any price; brick houses were built, as if by magic, at every side; new merchants flocked in to reap the golden harvest; the clerks could hardly measure and weigh, by day, the goods to meet the demand, or cast up by night, all the bills and specie heaped together in the drawers. There was good and steady employment both for men and horses; so that plenty and pleasure smiled in every face. It seemed to be the golden age for the greedy speculator to amass a mighty fortune.

But the curtailment in 1851, blew up the empty bubble: the banks would not now accommodate without the very best signers or securities, which only a few speculators could afford.— Hence the universal ruin and wreck of property, now manifest to all observers. The lands and houses purchased three years ago, would not sell for half the cost, nor even at any price; the community, as if struck by some blast from above, is paralysed. The mechanics and the laborers, nay, all classes fly, as fast as possible, from the fated village; the merchants wind up; shops

and houses are vacant. As the pirates, by the false beacon on the hill, decoy the battered sail into the unsafe port, to be dashed to pieces and then plundered, so do the banks by fictitious loans, drag the speculators beyond their depth into the deep, and then they abandon them to the roaring elements.The banks, like the snake, show themselves in Summer, and remain hid in Winter-afford loans in the prosperous, and refuse them in the hard times.

The fictitious wealth created by paper money, generally corrupts the human heart; the pride and conceit and extravagance fomented by it, abide long after the wealth itself is gone by; the high notions and evil habits that were contracted in his prosperity, continue unabated in his adversity. Had he prudence to lower his notions at the very first reverse, to bring his expenditures under the cover of his income, he might weather the storm a long time. This is impossible for the vile passions that were enkindled and nourished in the sunshine, still boil and foment in the cloudy weather. This truth is proved to the very letter, at our late Town Meetings; when the great and grand projects that were hatched by the dreamers, under the fictitious bank prosperity, are revived for adoption in thrice happy Burlington: new officers, road commissioners, street overseers, more police men and constables are created, new roads, a town house, streets and side walks to be paved; the entire road to Montpelier, along side the rail road, must be macadamized, although grass grows upon it from side to side already, and the sluggish calves stretch themselves thereon from end to end, throughout the whole day, without the least dread or annoyance from the eight-horse team, or the pleasure buggy."The town must be raised into a city, with all its parapharnalia-a mayor, twelve aldermen, twelve assistant aldermen, recorders, watchmen, gass-lights and so forth. Our city must not act miserly, but keep up a good heart and hospitality for all distinguished strangers, give feasts, and pocket money to every

Kossuth and his Hungarians, that may cost $10.000; and a rail road celebration to the Canada Governor and nobility, even at the cost of $5.000. New York and Boston did so; why should the spirited city of Burlington flagg behind? The banquet was served up by Mr. Hart, who proved himself the best caterer. The tables, extending from end to end of his hall, were literally loaded with all the substantials and delicacies of the season; the liquors and the wines were the very best; to which the illustrious guests did justice; the leading orators were Messrs. S. W., and Peabody of Boston. The toasts were all well selected and patriotic." Such glowing description of the sudden rise and respectability of our city, may gratify and dazzle the light and inconsiderate readers, until the reckoning is called for. But who are the movers and promoters of all these wild and visionary schemes? Messrs. Stacy and Weston.You may reasonably imagine that the pair are actuated by simplicity and blind zeal for the welfare and grandeur of our town, until you reflect how they are, from year to year, settled in the very best and fattest offices. However, the time may not be far distant, when both the one and the other will be weighed in the scales by the overtaxed and impoverished people; when neither sophistry nor flippancy will avail them. The reaction may not come to pass, until the citizens will be sunk to the very earth by taxation; until the usurers bring in a statute, as the English usurers have done in Ireland, for the sale of the incum bered estates, and the expulsion of the squires.

In view of the innumerable Societies which the Americans have in constant operation, you would be apt to deem them the quint essence of perfection, free from ignorance, stain or error, at home, and competent to dispel ignorance and slavery from all foreign lands-Bible Society, Tract Society, Colonization Society, Society for clothing the Flat-head Indians beyond the Rocky Mountains, Society for the expulsion of the Catholics from the Valley of the Mississippi, Society for uniting the dis

cordant Protestant Sects, Peace Society, Society for the conversion of the Jews, Society for the conversion of the Heathen, and other societies too numerous to be counted.They cross the wide ocean to make one convert, and when they succeed, they leave him ten times worse than they found him. What form of Christianity do they spread in the heathen nations? Of course, the very same which they had imbibed at home. "That faith, only, in the merit of Christ our Lord, without their own works or deservings, justifies; that the converts may practise all sorts of villainy, usury, interest, fraud and deceit, at pleasure; that the more evil deeds they do, the more clever they will be." If the Americans are sunk so low as to allow themselves, with their eyes wide open, to be robbed, cheated, and enslaved by usurers and bankers, it is not for want of literary institutions. There are district schools, primary schools, union schools, seminaries, academies, colleges, lyceums, museums, reading-rooms, lectures, commencements, newspapers, tracts and magazines, to their hearts content; whilst the whole burden of the Governor's annual message to the State Assembly fall the same way, recommends "the common schools to the fostering care and munificence of the Honorable members, whereas, an educated youth are the strongest pillars, and best guarantee for the preservation of the Republic." But their schools and philosophy are all worldly. It is written, 1 Cor. I. 19. I will destroy the wisdom of the wise; and the prudence of the prudent, I will reject. This truth is verified in the history of all nations, ancient and modern Africa in the early ages, rejected the faith and the Church, and soon after fell into slavery: Asia adopted heresies and schism, and in a few years, fell under the yoke of the Turks and Mahomitans: England too soon after her schism in the 16th century, lost the faith, and is now bound fast in the galling yoke of the bank and fund holders. Are not the Americans, with all their schools and profane wisdom, tied up, without

the least prospect of relief, in the same piercing yoke? Do not the banks rule and control the entire land? Can the Governor or Sheriff be elected, or a law passed, until it be ascertained how the wind veers in the banks?

Their preachers may dash the slanderous contents of their foul stomachs upon the Supreme Pontiff and our holy religion; but it avails them nothing. The Apostle, 1 Cor. XIII. saith: If I speak with the tongues of men and of angels, and have not charity, I am as sounding brass on a tinkling cymbal. They have broken through that charity which cements and unites together the members of the body of Christ, which is the Church, and sunk into the crime of schism. And the Truth declares, John XV. 4. As the branch cannot bear fruit, unless it abide in the vine, so neither can you, unless you abide in me. By not abiding in the Body of Christ, the Church, they abide not in Christ; they are but withered branches, ready fuel for eternal fire. This principle seems instilled by divine grace, in the hearts of the myriads of Protestant divines, and of other learned persons, who, in these latter times, resign the fat livings, brave the rebukes and reproaches of their friends and relatives, and enter the Catholic Church-"go to Rome."

Alteration of the gospel names and terms.

That they substitute heathenish names and terms for the Christian names and cymbols is truly ominous. It is a principle engrafted by nature in the human heart, that we revere and retain the names and memory of the persons and deeds whom we would imitate, and remove out of sight the names and memorials of the men and actions we would despite and forget.Under the influence of this principle did Julian, the Apostate, in his madness, decree, that all the Christian schools be closed and the religious emblems be removed and banished throughout the empire, in the vain hope that the Christian religion would soon be extinguished. It was with the same diabolical view