The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-08-11
FROM TEE NATIONAL ISTELLIGENCER'
CHANGING FRONT

stop payment, and has forced the Banks
universally, and almos. all the People, to
DO the same.
We need not, we are sure, quote chapter
and verse to show that, hitherto, the public
prosperity has been held as nothing by the
Administration in comparison TO the intro.
duciion Of a metallic currency, as substl'
tute for the admirable bank currency which
we have heretofore enjoyed. 1t we were
90 minded, we have no time TO search the
files of the Globe or the public records Tor
exposltions OF this doctrine delivered on d.
vers occasions by persons known to possess
The entire confidence of the late Executive,
and of course OF the party" But, with
on, taking so much trouble, i, IS sufficient
10 state, that, even since the sioppage oil
payment by the Government, the same doc.
:rine has been inculcated BY the official pa
per with as much earnestness and as much
al partisan zeal as ever. Exactly sixty days
ara. and no more, the Globe held, edItorl-
ally, the following language: 1.-The differ
rnce between silver and gold, rHE TRUE
JACKSON MONEY, and bank money, is now
well understood By the People. The value
Of the former does not depend on the Pru'
darr.e or honesty Of individuals, because II
contains within Itself all the value II pro-
fasses 10 represent. But bank money has
M intrinsic value. At the best, Il IS but
the promise Of corporation, or OF an indI-
vlual, which may or may not be iulhlieo.
It's value often eyaporates while II IS ID the
pocket of its owner" &c. and, later stu,
In the 3lst Of May,) in speaking OF the
Banking System generally, the same 9th.
cal journal said : Every patriotic rePl6-
lican in the Union looks 10 Congress to de.
lirer the Government from oil dependence
on a class OF men hostile TO It's principles,
and who have contrived TO strip Il OF the
means Of meeting the appropriations with
iody million surplus" 1t is very clear,
therefore, that, up to the first OF last month,
The patriots who rule the Globe looked 10
Congress for ieIiyerance from all Deepen.
dence on Banks. BY whatever means. They
were all monsters" 10 he abhorred, war.
red upon, annihllaed, il the party had the
power to accomplish IT.
With the knowledge Of this bitter and
vindiclive enmty Of the party leaders TO the
credit system, carried TO the extent even OF
the cruellest calumnies against The whole
BODY Of those VINO, BY the means of credit,
united with high intelligence, have enrich
ed their country, and elevated and embel'
lished its character, the reader may Judge
of our surprise al finding IN the Globe, al
this late hour, the following admission
"BAsKs cannot be dispensed rith, ex-
cep, a, the sacrifice Of all IN Zee IN regard
TO the contracts made undr mixed cur.
rency, nor ,ritaom riolation Of the faith
pledged in the legislation where honestly
obtaIned) by which they were established.
The subject mus, be LETT 10 gradual reform,
10 which the intelligence Of the people OF
the respective States is fully adequate"
Here We have an explicit recantation of all
the menaces which have been thrown out
against Banks, and an admission OF all that
we and others have ever maintained Oh The
subject, VIZ: that, under present clreum-
stances, Banks cannot be dispensed with.
To whatever cause II may be traced, even
this ehmmering Of light from amidst the
Crnmerlan darkness which envelopes " the
Goyernrn.n must be welcomed by oil con.
sidera.e men with sincere and lively salts
faction.
Siuce writing the above, We have receiy'
- 81 Inn.
can, Of Illinois, TO the Legislature of that
State, part of which bears so directly up.
on the Executive doctrines which are now
successfully exploding, tia; We extract H.
with the single remark, that no one better
knows man Gov. d. what were the real de.
Signs Of the late Administration, or better
understands the motives of IFS leading mea.
tlres, which, being himself behind the cur
tain, he had ample opportunity 10 become
acquainted with:
ExrEAcT FAoH GOV. DCNckN's hEssAGE.
Ia my message al the opening Of The last ses,
SION, il my happiness 70 congratulate yon on
the prosperity then 20 emineutly enjoyed by every
portion Of our beloved country and from uy 10.
mos, heart did reloics 10 the industrious citl
lens every where reap the rich rewards Of nis la.
Dor. And altboogh even then, was DO, without
strong apprehensions Of an early reverse an
confident no human forecast could have snticlPa
TED % sudden calamity as has been brought upon
Tbs couatry BY The action Of the Federal Govern
ment upon Its currency. At the time the PresI
DENT OF the UnHed States assumed tbs responsible
lily Of ordering the public money TO be fenoye'
from tIcr legal degosite in the Bank Of the UNI
ted States for the purpose, as be ayowed, Of pre-
veaiing the recaartcr Of lhA. institution BY Con
efess there never vas sounder currency or
more healthy state 81 things IN any Government
in the world To sffsc, this great object namely
that Of destroying the Uniled States Bank, riya