Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1834-08-28
WHOLE NO. 23Os

dSm hdter, tor II you mix back wool and
white wool together ii makes gray all the
world over: but if you go to mix black
folks and white folks together, it makes
yellow, and that shows it is agin natur II
it aint aen law, and what Is agin natef
ought to be agin law.
But il aint agin law nor mater for Con.
gress actin for the people, to do all the
good they can for the people, providin ih
dom SD there aint nothin in the Constitu=
tion agin it--and that bein well under
stood, we come now to consider what
right Congress has to make Bank.
If have right notion ont, at the
time the Constitution was made, the folks.
didn't know 80 much Of the natur of
bankln as they DO now-some had tried
it, especially some of the old Continental
States, and made bad work ont, list IA
some folks had tried steam works; but id
the course of time what was considered
Unsafe and impossible, is now consider
ed The best way of working thyos.-:
Twenty years ago have heard my Did
mother say, she'd rather walk a-ioo.
clean TO Boston, alore she'd go aboard
one Of them pIag.v steamboats,. She said
she had no confidence in em-then she'd
go round from the Kennebunk away Is
Marblehead, in an old fishing smack;
aud with a head wind beat about for days
and till the apple sass and and ingr:s was
good for no,hing-b things have chang
ed considerable since then, and every
body now goes in steam boats; and list SO
il is with banks, if they are well managed
and well understood, are the completest
things for making things 60 quick and
smooth in this etarnal wide spread couns'
try .as ever was invented-but it is the
hatur of banks to 60 along rather tod
quick, and that was seen good spell
ago, and when this present u. S. Bank
was chur:ered by Congress, it was TO put
II stop to this evil--the country was over
run with paper money as bad as old Cons
tinental-Congress knew this-but they
knew that banks well managed was d
/, good to the country, ana the only way to
keep EN- from doing evil was TO maks
one to keep all the rest in order, just like
the balance wheel Of watch, or the pens
dulum Of a clock, take them away and
! you see a wlzzen right of.
Il ~ SOhS, CSS hos IIRbC
TO make u bank tor this purpose, l should
like him to show me where it is said il,
the constitution that Congress haint gos
the right. Cant Congress pass a law
sayin that no steamboat shall be made
/ with bler down in the middle on't?--
or pass any law regulatin STEAMBOATS, for
the safety OF lives and property-and
why not because there aint nothin iIi
the Constitution agin il, and if Congress-
thinks the public good requires it, they
can do it-just as they have got the right
of sayin no lorynet shall vote at elections
unless he has been in the country cer5
tain ,iue-or that no loryner shall own
vessels with cur fag-or that no fort
vessel shall do any Of the coastin trade,
and so on
But what lifts my dander most is, that
such folks as Mr.. Van Buren and his
party say that Congress has got no rgh,
to make Il bank in which the hull people
own one fifth part Of the capital and pros
) fits, and at the same time 90 for hull
} batch of State Banks in which none bus
, 'Me party" can git finger, when tho
=, Constitution says as plain as A b 9 that
no state shall have the right to issue
; "Bills of Credit" but that Congress a.
! lone shall have the right to "regulatd
the currency" Now Il a bank bill amt
a bill Of credit, should like to know what
} kind CT u crittur it is. And if folks find
paper money sometimes more convenient
$ than hard money to send about the coun-
iry-just as they now find steamboats,
more sartin than sail boats-then if pa
, per money amt currency what on earth
is it
Let two jist sich Contrys as we have,
lie put rite along side Of one another.
and let one use hard money and sasl
boats, and tother use good safe Bank pa,
per and steamboats,, and see which will
90 ahead fastest.
1t is a plagy curious piece Of business
. when one comes to think ont, to sed
how things have got twisted round right
ropg eend first on the Bank question
and to understand it, must tell you thai
story about old Squire Peabody.
q When the squire first went down I'd
' Soco he bought considerable Of farm,
:. and seein il was more than he wanted to
!. fence in at first, he let good piece ont
60 out into commons, and all the neigh.
\ bors used to pasture their cattle ont; but
a to rights, the Squire's boys began to
grow up, and one Of his sons, who had
9 been studyin with lawyer Joslyn, he
y come home, and Jist about that time the
, neighbors had called town meeting "a.
= bout this common, and past resolutions
:, and one of these resolutions said thai
!" aa,,, tL,t Souire peahndy)s farp, lat