Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1837-11-01

mon in the letter 10 Mr.. Williams no,
w~itbstanding. The question ofthe cleo
ton Of a Chief Magistrate IS compile,
question, and one Of compensalions an,
comparison. All his opinions, all hi
qualifications are taken into considera
non, and compared with those Of hi.
competitors. And nothing more Is do,
cided BY the People than that the per.
son elected is preferred amongst the Sc.
vefal candidates. They take him as a
mar lakes his wife, for better for worse,
win all the good and bad opinions aud
qualities which he possesses. You
might as well argue that the election
OF a particular person to the office Of
Chief Magistrate implies that his figure,
form, and appearance exhibit the stan.
dard of human perfection, as TO con-
tend that IL sanctions aud approves ey.
cry opinion which he may have pub.
iIcly expressed Oh public affairs. |, is
somewhat ungruteiul 10 the People to
suppose that the particular opinion OF
Mr. Van buren,, IN regard to a Bank
OF no United States, constituted any.
much less the chief recommendation OF
him TO their suffrages. Ii would be
more honorable 10 hnm and TO them TO
suppose that It proceeded from his en-
inent abilities, and his distinguished
services at home and abroad. lf we
are to look beyond them and beyond
him, many believe that the most lnfu.
entail cause of his election was the en-.
dofsement OF that illustrious predeces.
sor, IN whose footsteps he stands pledg.
cd to follow.
NO, sir, no; the simple and naked
question OF a bank or no bank of the
United States was nc, submitted to the
People and "twice solemnly and ane.
q~atcocaAIy' decided against by them.-
irmly believe that if such d question
We're nov submitted to them, the re-.
Spouse of a vast mojority would be in
the affirmative. | hope, however, that
no bank will be established or propo.
sed. unless there shall be Il clear mn.
Jority Of the People and of The States
IN favor of such an Institution. Ifthere
be one wanted, and an unoquiyocal
manifestation be made Of the popular
will that it is desired, a bank will be
established. The Presidents opposi.
ton 10 II is founded principally upon
the presumed opposition Of the People.
Let them demonstrate that he is mlsta.
ken, and he will not separate himself
rom them. He is too good a demo.
crat, and the tenor of his whole life
TINT whatever other divorces he
may recommend, the last that he would
would be one between him and
The people. Should this not prove TO
be the case, and if a majority should
not exist sufficiently large 10 pass a
bank charter in spite Of the veto, the
ultimate remedy will remain TO The peo.
pie 10 change their rulers, If their ru.
lers viii not change their opinions.
But, during this debate, il has been
commended that he establishments of a
new Bank of the United Stntes would
existing dlsfresses; and that
the specie necessary to put it into opc.
could not be obtained without
prejudice to The local banks.
What is the reliefGor which all hearts
are now so a%nxlously thfobbingl II
IS to put the banks again in motion /; 10
restore exchanges, and rcvive the droo.
ping business Of the country. And
what arc the ohstacles7 They are,
first, the foreign debt, and, secondly, a
orconhdence. 1.-THE banks were
to reopen their vaults, ii is apprehend.
ed that the specie would Immediately
be exported to Europe 10 discharge the
debt. Now, if a Bank of the
United States were established, with a
suitable capital, the stock OF that bank
itself would form one Of the best sub
iects Of remittance ; and an amount Of
il equal 10 what remains of the foreign
debt would probably be RENTED, re.
tanning at home or drawing from abroad
the equivalent in specie.
A great, il not the greatest existing
evil is the want of confidence, not mere
ly in the Government, bat in distant
banks, and between the banks them.
selves. There is no tic or connexion
binding them together, and they are
often suspicious Of each other. TO this
want Of confidence among the banks
themselves, is to be ascribed that extra.
ordinary arrangement ia the exchan-
ges Of the country. How otherwise
can we account for the fact that the
paper of the banks Of Mississippi can
not now be exchanged against the pa.
per Of the banks of Louisiana, without
a discount 10 the former Of 10 or is
per cent. nor that Of the banks Of.
Nashville, without a discount ofS or 10
per cent. against the paper Of the banks
Of the adjoining State Of kentucky ?
Il is manifest that, whatever may be
the medium Of circulation, whether it