Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1834-02-13
OLD HICKORY
- WITH
NEW BANKING, L.,

IS Z. We, NEW BANKING. L.,
As the subject of rev State Bank has
heganto awaken the attention of the peo-
pletof this State, and as the public have
been informed from time to time of the
principle arguments in favor of such an
institution, it seems to be proper for those
who differ in opinion as to the expediency
Of establishing bank to State their OBJ
jections, that the whole subject may be fair
ly presented before the people for their
examination, and it is to be hoped that all
editors of public journalism the State will
have sufficient iberality to publish both
sides OF subject so important as all must
acknowledge this to be.
Before we proceed to state any objection
to the proposed measure, it appears to be
necessary to examine some of the reasons
urged in favor of bank by its advocates, :
and the principle upon which it is proposed
10 establish il.
LIST. 1t is urged that preparations are
making in almos' every state in the Union
10 establish local banks to supply the def
cheney of currency, in anticipation OF the
close Of the United States bank, and in con-
sequence, ii is alleged that we shall have
an unsound and foreign currency forced
Eupon us which will create embarrassment
by depreciation and loss.
I'd. tbs commended that bank can be
raun5ad Nv ~ o"s.,. N:.l'n PI'hciPies
,o.eao,I, aafa e aeJ aPL'a', which VIII De
.hat vii snt;ralu arni"Sn ~ SUM currency
80. ,f o,han &c. 'Ao uopieoia'eo
Pm; s th;nl iii =.
100. a,ataa,nnt oS w." 49, ~ au.'.'1u ~ pe d cor
= VI 'no P,i"ciPie arguments
ca,as 90 - sur..oa - oa,a,,: ano ,'s auvo-
. go ~ =, vs'ao''sil'eS tue ABOVE
po'.onS =. 80 ~ S.ea'e Ion'idence' 'hey
will mstlv hs entitled ~ all ,hp os.:,on unu
NAV he der;ved from, w, w. rono o .n1,a. @nicl
Rni until everv form;da III oPI.eu a'easure
moved tbev nav ,axnao,. oDJeos.o..s re-
honsst onno.;.;oo IS 49,. " onIoun'er inc
oual vo;ra and aouai 49,. W. na.o y! g
not. ", ,,aas' u na , nh.e.es' ~ every I'M
10 annrabend av;l resr,,s cs.n, ' II I's
nr,;ects or lao;.l,,;ou ''''t' i" ~u''Seo
W. arc tol5 hu ,ha .a,,o.. -,
that we shall ba comneIl.J - 49, =. -. oa; IN
saM ds5ence ih,t sy ,hars 20 nave one IN
h., 10 have hank ~ - Io a''efaa'ive
49, VIII no eara;". y. w.: o"", Gr oe over"
I'd n.n.- of otha, S spu..ous anu uepIecia
w. osa p pSi ~. s..o o 'ausi aho as tnls is
onJ IN Gavor of hs. .Ia:::s ''la' can De ur-
!, Ca. .van.;.a.:e en" II is proper 10 give
a....;n ~. .'.:I, ~ anu o"ueaVor TO as.
tha country .nd , n .o '.ue sl!ua'ion OF
hanJsJ r,vst naoa non n:,l 'ae eV"s appre-
n lno,s mus, .hn' necessarily take place, or
in order to nroduco =, s ses"t exaggerated
hanL ''' OIL o"eo' Al FAVOR OF a
if I've are 70 h. ;,,.,.
money tho o,os,;,n :. L WIN ioreisn
ho.aS t. :. 10, 70 ~" Is ~ 10 De prot
wav and TIM, 10 hn a,a', ne.o Is oo. one
Enovn thai 81, ,ba s, e,n'gran!s. 1t ~ well
S S.""a 1na' a.. .ne money Drought INTO the
Gr the rurnesa - "an's' ahG mostly
Office. arc ,he 6n., das.; idac' Land
,nuo', ~. NC nI'at aes'lnaaon OF all the
cent a small nor,,on WY ns g e.. ,ne %est, OK
and is II rsa,pnabla r. sunno." ,e, ,I
who em;rrate 10 this coI ppoSe 'ia' nose
with them mon.v th., iii wiz oin,s
purnose and The onIv ,,..as ~ a.s"e, vac
thav intend - puiPose ior "nich
de pursue a course 90 s Iaaoh 70 sec peo-
lion N tha;r 1900. :sien'ea IN reia-
SUPPOSE co,,rse or cond.' .,es'' ! cannot
no n,rsned. no;,ho sonuuct SO absurd VIII
there. will exist anv necsss;,n 1 IN ina.
individual to be dece;vsJ o % .or any
from such cause. as il VIII Ea disappointed
of every person to .sc...a;" e ~ 'lle power
what kind Of money viii d' =. Us s cer'ainiy
for lsn J"e y WIN Dc received in