Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1833-12-26

'H toi ~ iOlS time. SOut
Carolina Modification has dwindlec
and faded; 1t hasgrown vapid and stale
It IS superseded by that of the Kitchel
Cablnet;-the orators of the South an,
their old antagonists of the North hay,
fresher and more momentous them,
and interest.
/ We regret exceedingly that our Ii
mlts will not allow us to publish the
Bank Report. There is but one OBI.
MON of it in this community-it is con.
sldered the most conclusive and unan.
swerable document that has vet ap-
peared on the subject; it sweeps every
argument, calculation, anticipation,
mistatement and false premises before
1t; and by facts in relation TO its condi.
ton, to its administration, to the con.
spiracy Of its enemies, to the rights of
the Government and powers of the
Treasury Department, places the whole
question in a light SO perfectly plain
and satisfactory, that malice and soph.
istry have no room to operate. 1t
seems that the Committee were reserv-
ing themselves for final effort, which
would at once overthrow the foul ALE
cations ofits opponents, and they have
succeeded.
Our readers may possibly remember
long letter written by Kendall to the
Editor of the Standard, dated the 9th
of October, containing calculations re-
specting the Bank; we extract the fol-
lowing to show its tone and It's prophe.
tic manner
"When you consider that the public
moneys in the Bank were about 3d.
666, 900; that their sudden withdrawal
would carry with it probably $4,000
600 out Of the private deposites now
amounting to about $S,OOO,OO0; that
the Bank has now to pay two or three
millions Of the three per cents. defer
red in Europe; and that upon so extern
sive a curtailment Of business, many
millions of its nineteen millions in cir.
culation, must soon return upon it; you
will perceive that a sudden withdrawal
of the public moneys would at once
destroy it. Yes, sir, this boasting gi-
ant is now but reptile beneath the
feet of the Secretary of the Treasury,
which he can crush at will. Ii exists
by his forbearance, and will for the
next forty days, and great forbearance
will it require to save it from destruc.
ton.
"But do not suppose the Bank will
be permitted to pursue hostile course
toward the State institutions, and there
by produce that pressure which it is
the policy of the administration to pre-.
vent. Manifestations of such course
on the part of the Bank, will undoubt-
eddy be met by commensurate trans
fer Of the public money, which shall
make the Bank the first to feel the
consequences of its own policy.
"Thus has this naughty institution
been brought to its knees at the first
step Of the State Banks. But the re-
suit of a necessity forced upon it by the
foresight and energy of the new Secre-
tary of the Treasury, is now with cha
racteristic impudence, set down to the
account of its oaon hberaHty and for
beardnce.
Contrast the result of taking the de-
posites from the Bank with the vain
Boosting and audacious anticipation OF
this principal conspirator. So far
from bringing the Bank to their feet,
they are striving to rescue the State
Banks from dangers which threaten
them. Instead of the U. S. Bank de-
pending on the "liberality and forbear-
ance of the State Banks" the reverse
is the fact. The Deposites are with
dfawn-they have done no good were
they were placed. Money is scarce
credit doubtful panic is gradually
spreading over the west-exchanges
are deranged-State Bank notes can
not be made the circulating medium.
The Bank is in sound state-has
nearly all the Specie in the country
and these wretched spectators are cut
down, mortified and defeated. Yet
still they are so desperate, that they
will die in the last ditch before they
will allow their household troops tc
vote for a renewal of the charter.
| ". Y. Er. Star.
/ A pet bank note.-A five dollar note o
the Grard bank, got into the possession o
a gentleman of this town, the other day
accidentally, in the course Of business; AM
not wishing to keep bad company long, h
made an early and an earnest effort to &c
clear of il for something like its Value
: Ending he could get nothing for il, b