33 109 [Entered according to Act of Congress, in the year one thousand eight hundred and thirty-eight, by OLIVER STEELE, in the Clerk's Office of the Northern District Court of New-York.] 39598 Packard, Van Benthuysen & Co., Printers. SPEECH on the Bill to repeal the Law prohibiting the cir- culation of small bank-notes-Jan. 9, 1838,........... REPORT on the subject of Religious Exercises, and the use of the Bible, in Schools-Jan. 23, 1838, ....... 1 49 65 .... REMARKS on the Economical Policy of Internal Improve- 137 SPEECH on Banking, Currency, and Credit, delivered upon 1 INTRODUCTION. THE Legislature of the State of New-York, elected in the fall of 1837, convened at Albany, in January, 1838, under circumstances of no common interest. The opinion of the people, as expressed through the ballot box, was shown to be in decided disapproval of the course and policy avowed by the Administration of the National Government. This was evinced by the election of a large majority of members of the Assembly, and three-fourths of the candidates for the Senate, from the party opposed to the declared policy of the government. As the executive officers of the State were intimately linked in, and connected, as partizan approvers, with the opinions of the national cabinet, the popular election referred to, may, with equal fairness, be deemed a rebuke of them, in common with their coadjutors at Washington city. In this state of things, the assemblage of a Legislature composed of a majority in * |