The Massachusetts spy, and Worcester County advertiser. [volume] ([Worcester, Mass.]) 1825-1831, 1829-02-04
WORCESTER:
WEDNESDAY, FEB. A, 1920.

ELM ESOA1s FEB. A. 1879.
BosToN COURIER. In noticing the conclud-,
ing article of the Bos On Courier IN the SUBJ
Ject of the banks, it is not our intention again
to go over the ground " hich has been contro-
verted. 1t is sufficient for our purpose, that
the editor has retracted, or explained away, his
obnoxious charges against the country banks,
and we may well excuse the smoke under which
ne endeavors, like an able general, in his last
article, to cover his retreat Whatever discern.
ancies his construction of our langnoge may
disclose between our first article on the subject
oi bank charters and what we have subsequent
" written so fai as relates to the main object
OF that article, the expediency of an inquiry. as
to the conditions Oh which charters shall be re.
newed. remains unchanged That combina.
ton did exist to overawe other hanks. and ia
control their operations in a manner not con.
tenplated by law, is confessed The system
which they adopted and carried into effect. is
still enforced. The object of that system. it
was admitted in the onset BY its advocates, was
to cur:all the circulation of country bank bills
community for the purposes of business, and
advantage has been taken of the scarcity, thus
| illegally and wrongfully produced. to speculate
on the public necessity Whether it has been
done by those who have been instrumental in
bringing about this state of things or MOI, mat.
ters little.-the effects on the community are
the same IN either case, and the original az
glessors should be held responsible for the con-
sequences.
We take it that the editor of the Courier, bv
his repeated limitations that he does not cx-
pect TO convince us. would not mean to be un-
dersood to admit any doubt Of the 20 dness of
his cause. II. then, he would imply that we
| are not open to conviction. zoe think he does US
Injustice On another subject. that of pro,ec-
tive duties, we have become converts to tho
| opinions which he holds, and we frankly con-
'essed it. And we have the confidence 10 be-
( lieve he will yet have the opportunity to ac-
knowledge frankly his conversion TO our
opinions on the bank qnesiiop not. indeed,
from any arguments which we may have used,
nut from the more powerful effect of his own
| '"'''Sih'tOHS. III HllNu vigorous III us opera
tons and quick in its perceptions of TRUTH
! If we had room. we would here copy the
glowing rulogiun on Boston, with winch the
article in The Courier concludes, and, we can
assure the editor That are no less happy than
he, in believing that the day of its downfall is
far distant. Yet, let him remember that its
continued growth will furnish no evidence that
Its prosperity has not been diminished BY the
unwse measures of some of its citizens Let
him remember, too, that the building IN of new
and splendid edfces is not the surest evidence
OF prospective prosperity. Capital is some.
times so expended, because il canno, be prof;ta.
bly, invested in other bushes In conclusion
we would express the ardent hope, that the ed.
tor OF the Courier, hereafter NAV never have
cause, as he rolls in his coach over the nave.
ments' to complete the parallel of the case he
has drawn, by shedding his tears for the wan.
'ng glories OF his favorite town.