Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1837-08-18
From The Evening Star,

W l ne INCONSISTENCIES OF PUBIC tneU
are becoming odious, by the barefaced
indifference with which they are glaringIy
treated. Men in high places. entrusted
with nations welfare, should feel a deep
and solemn obligation 10 discharge pub
lie trust with sole eye to the public good
and no one subject to entertain a plurality
Of opinions, and change with the policy
of the ever-changing times. Mr.. Sllas
Wright, altho' deemed by his opponents
to be a most inscriptions and dsboDes,
politician, "a cunning, superserviceabIe
knave is nevertheless a Senator in Con
gress from the first State in the Union-o
man having controlling influence over
The President Of the United States, and
likewise a shrewd, capable, cool, discern.
ing and uble man. From his talents and
his station, we have a right 10 expect at
east consistency, it we cannot expect in
tegrity but what is the result Of this ex.
pectation When The political watch.
word was "destroy the Bank" Mr..
Wright delivered his eulogy on State
Banks, and the ease and security with
which they could perform all the duties
required OF them. Hear him in 1884,
1.-THE Senator from Massachusetts has
asked-If you will no, rechar,er the Bank
what will you do! He (Mr Wrigh,) would
answer as an individual, expressing his
o,cn sentiments. that he would support the
EXECUTIVE DEPARTMENT of the
| Government. by all the lawful means in
| his power. in The attempt now making to
SUBSTITUTE THE STATE BANKS FOR THE
BANK OF THE UNITED STATES. He be
| Iieved them PERFECTLY AND COMPLETELY
COMPETENT TO THE OBJECT. and he was
WHOLLY UNMovED by the ALARMS that had
been sounded as 10 their INSECURITY, and
the DANGERS that were TO be apprehended
from The change. He held that the steps
already taken to effect the object IN view
were all WARRANTED BY THE CoNsTITU-
TON AND LAWS OF THE LAND. Ii was his
firm opinion that the steps which had
been taken would rebound to The honor
and best interests Of the country. and
ought to be sustained by the people and
their representatives"
In conclusion M. Wright observed:
Gle would merely pronounce his opn-
ion that the country would sustain the
EXECUTIVE arm of the Government IN the
EXPERIMENT now making to substitute rhe
State Institutions for the Bank Of the
United States. He had MOST ENTIRE
CONFIDENCE IN THE FULL AND
COMPLETE SUCCESS OF THE EX-
There is no equivoca'ion in the fore
going-it is a complete substitute of State
Banks for National Bank. In 1897
when the suicidal measures Of the admin,
istration finally drove the State Banks to
suspend specie payments. we hear Mr.
Senator Wright sing another tune from
his cottage on the ST Lawrence:-
Under this law Ohe deposlte Law
with this provision incorporated in it. all
the existing deposi'e banks accepted their |
high trust to the government, and people |
OF the country, and received some forty
millions OF the public treasure, and yct !
strange to tell. beforea single tpeiremonth |
hnd passed nwny. they all refuse 10 pay gold
and siiuer far their notes. Nav more. and
further md acorse they epen refuse to pm
10 The gorernmtn, nny thing bu their oa
,rredeemabte bnnk notes. those notes which |
the law above mentioned prohibits the
the officers o? The government from either
receiving or paying out, for the millions
to their safe keeping. Still
further. the drafts of the Treasurer of the
United States. drawn upon depos,e bank
for mere fund, belonging to individual
which fund was bv the govern
ment imported from abroad in gold and
ellver, placed IN that bank for safe keeping /
hare been dishonored and returned withom
payment because The Aoider IF The drafts
WouM mt receice The irredeemabie bills of
That bank in Satisfaction.
These VIOLATIONS OF LAW AND CON.
TRcT by the deposi,e bari ks have compelled
an extraordlary convocalion of Congress,
hat measures may be adopted to relieve
the Treasury from the endorsements
resting upon it from the provisions of the
deposl'e law and the failure of The banks
to comply ,oith their obligations.
X X
Thus falls to the ground the preference
of State Banks to a National Institution.
So much for Mr.. Senator Wrght's consis-
tency now for his principles and his patriot.
ism.
The experiment" it cannot be denied,
has failed, and woeful is the failure for
the people of this country; SO much SO that
none Of the agents could in any other
country on earth escaped condign punish.
ment. An honest Senator or an honest
man finding that bis advice had ruined his