The herald. [volume] (New York [N.Y.]) 1835-1837, 1836-02-10
NETWORK, WEDNESDAY, FEB. 10, 1856.
IMPORTANT REVOLUTION.

II
Private accounts, of most important character were
received yesterday from Philadelphia and Hansburgh,
calculated to awaken public attenton and produce an
insalculabie effect the whole Union The lannon's
Bill recbarerug the United States Bank for 80 years.
with a capital of $350OO0OO with equal privileges to
those at present in being, been ordered to third
reading Friday last, in the Senate of PENNSYLVANIA,
by vote of Fl to 12-najority 9. 1t had previously
passed the House-i will pass the Senate by MAORI
ty of or g. and Governor Ritner is ready at moment
TO put his signature TO the parchment and it may be
law before the reader has finished the perusa of this
article.
Wescarcely know how to talk ofthis highly important
movement 1t the beginning of revolution in poll
tics ans political economy which will gather strength as
goes forward and increase in momentum with its in
crease ofage. From what we have learned the Bank
will accept the charter, under the hope, however that
In few years, Congress will grant privileges equal
at least TO those bestowed by Pennsylvania.
The vast importance of this act in Harrsburgh may
be estimated by the extraordinary excitement pervading
the ranks Of the General Administration at Washing
ton. They are sagacous up in the White House,
and down below in the Kitchen Department-and they
see in that event the return of tide that will sweep over
the country and perchance compel them retrace their
steps-and asonish the nation by the announcement in
Especial Message, ola magnificent National Bank
with capital of Fifty Millions Of dollars the Grand
mother Bank to be consttutionally located al Washing
ten and the Mother Bank in Wall street or Broadway.
Such revolution or reaction Of opinion in the govern
ment ranks ut Washington would be more astound-
ing than the general revolution the banking question
which is taking place before eyes in almost every
state OF the Union What has all the nuise against the
banks amounted TO What all the cant expended by
politicians What all the books, pamphlets and papers
published What even the general denunciaiion by
the President himselfi NOlhing-less than nothing
The whole of the recent outcy raised by corrupt poll
tCians and ridiculous bockheads against the banking
system has been nothing but gross deuson and hum
bug. Some OF the very men in the Pennsylvania Sc
nate whe appeared always against banks were to our
personal knowledge always for them. We alude to
Senators Burden and Penrose who have just voted for
the banks.
So far as the general government is concerned, this
revolution will be the signal for the commencement of
the real policy of the Hon. Martin Van Buren, and his
friends He is not against banks to our certain knoc-
ledge. In this opinion he is right and sensible. The
whole country is othe opinion. He sees clear
ly. Look at Virginia, Mobile, Louisiana, Massachu-
sets Maine, Maryland, &c. &C. all creating banks-al
asking for additional capital Are men fools? Will
a commercial people be humbugged long BY a set of
visionary bockheads who raise cry against banks as
they would against the Sea Serpent, or the Anaconda
or the Church of Rome, the Grand Turk? This
country is earnestly banking country. We live by
banks-wc breathe by banks-we sleep by banks-we
fatten by banks-we ruined by banks-and we are
resascitaied by banks. The banking system is merely
branch Of the same social principle of human action
which institutions, religion our charac
glory founded. In savage man is an isolated
indvidual-n society he acts by associations subscr-
bers committees and directories. The Semnoes have
no banks-they have only scaIping knives and wig
vans
Letus, therefore, hear ridiculous nonsense
about banks or banking. Prepare for Revolution.
DREADFUL EFFECTS OF THE CoLD.-Accounts from
Plymouth Mass. dated the 5h ins state that a large
brig, name yet unknown, got ashore the day pre-
vious the Brown shoals. She struck with such
force that both masts went by the board The sloop
Harriet, with 40 picked men, across the ice but
could only get enough to know, that some of the
men were dead, having been frozen, and some alive
letter from Newport of the date states that the
Sound is frozen opposite that place. The irish
schooner Lavina Vaughn sailed from Boston JAM 9th
for ST. John, N. B., and the night in ~ E. gale,
lost her mainnast and put back, and endeavored to
reach the shore, but not being able do So the crew
abandoned her, and board Eastern schooner
bound for Portsmouth.