The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1836-01-01

We are now 10 see whether, in the present "a.
vorablc condition OF the country, we cannot take
ao etiecua stand against this spirit Of monopoly,
and practically prove, in respect 10 the currency
as wei as other important interests, that there Is
no necessity Tor so extensive resort TO II as that
; which has been heretofore practiscd The expo.
Hence OF another year has confirmed the utter ial
lacy OF the idea that the Bank of the United States
was necessary as fiscal agent of the Government.
Without MS aid, as SUCH indeed, in spite of al the
embarrassment IL was IN It's power 10 create, the
revenue has been paid with punctualiy by our cl.
tizens the BUSINESS OF exchange, both foreign
and, domestic, has been conducted with conyoni.
enc and The circulating medium has been great.
" inprovcd. BY the u.c Of The State banks
which do 10, derive their charters from the Gene-
raj Government, and are not controlled by its au.
tlority, ii is ascertginod that the moneys of the
United States can be collected and dsbursed with.
out loss Or inconvenience, and that all the wants
Of the community, in relation 10 -Nchange
and currency, are supplied as we'll as they
have ever been before. II, under circum.
stances the most unlayorahie 10 the sieadi-
ness Of the money market, II has been found
that the considerations on which the Bank
Of the United States rested It's claims TO the
public favor were Imaginary aud gfoundless,
II cannot be doubted that the experience OF
the future viii be more decisive against
them.
Ii has been seen, that, without the agen.
cy Of great moneyed monopoly, the reye.
nue can be collected, and conveniently and
safely applied 10 all the purposes Of the pub
lie expenditure. IL is also asceralupd, that,
INSTEAD Of beng uccessarty made to pro-
mote the evils Of an unchecked paper sys.
TEN, the management OF the revenue can
be made auxiliary 10 the reform which the
Legislatures of several of the States have
already commenced in regard 10 the sup.
preston Of small bills aud which has only
10 be tostcred by proper regulations on the
part Of Congress to secure practical re.
turn, 10 the extent required for the security
al the currency, Ia the constitutional me.
d,um. Severed from the Government as
political ouztuos, aud uol susceptible OF dan.
. nerauS extension aud combieauon, the State
banks will not be tempted nor viii they
have the power which We have seen eNer-
c,cd. 10 divert the pubic funds lrou the
legitimate purposes Of the Governments
prn ral,rction and custody If the revenue
ba,ao, ON the contrary. = source of credit to
Them. w,Il increase the security which the
states pr.y,dc tar faithful execution of
their trusts, by Multiplying the sctulImos
ia which their opcraltoas and accounts viii
liz subjected. Thus d,sposed. as vel from
interest a. the obligations of their charters,
It cannot be doubted that such conditions as
Congress NAV see til to adopt respecting
the Gepo>r,es IN these institutions, with a
,,rw to the pradl,I dl.tIse Of the small bills,
Will be- chcerfnily complied With and that
we shall soon paln, in place Of the Bank Of
the United States, practical reform IN the
Vbo,e narcr =, stem Of the country. If. by
thi, noLcy. we can Ultimately witness the
.,norc.,,nn at all bank bills below twenty
dollars. II !, apnarent that cold and SILVER
Will take their mace. and become the priu.
cinaI cirrulattny medium IN the common
bus,ncss Of the farmers and mechanics of
TO country. The attainment Of such re.
sult will farm nm err IN the history of our
country which w,lI he dwclt upon with de.
hoh, bv every true friend Of ils liberty and
p1ppendcnce. 1t viii tighten the grea,
n, vh,ch our pancr system ha. So lonu col.
lac,ed from tine cornino, OF labor, and do
more to revive and perpctua,c those habits
- ccopouv md simnI,,liy which are SO
conoen,aI 10 the character of republicans,
ia MI tbc LEGISLATION which has vet been
a,,omr,o5
To tins subject feel that canno, too
earnestly invite the esnccial attention OF
C'a..sn. ,,',,hr,, Nv. eysrc,sr NJ whose nm.