Western courier. [volume] (Ravenna, Ohio) 1837-1838, 1837-07-13

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VI state BANKS hotnlng more need %
added to what Das nst" the whole stra'n
OF thls view. MY very hunele ana Prl-
vate opinion has never been withheld du-
ring the use made OF them since the re-
moFal oil the puollce deposites from the
bank of the United States, that state banks
OF discount and circulation never would
answer the constitutional purposes OF the
federal government. thlakethey have
altogether tailed: and Shall consider them
out OF lhe questlon'
believe when the late Mr.. Dallas pro-
posed the Bank of the United States in
l5l4-l5, that Mr.. Jefferson's prefer.
ence was for Treasury Bank; and |
never could see any objection to such
bank that does not apply to an incorpo-
rated discount bank Of the United States.
We have all seen the late bank defy and
well nigh defeat the government, and ar
guing from what it did as antagonist to
what it might do as the instrument cf an
i'll disposed executive, | cannot under
stand how treasury bank would be
more formidable presidential or party en-
gine than such bank as the late bank
Of the United States. But Mr.. Madison
and others of our wisest and hest men
having set the seal Of their condemnation
ona Treasury bank, ,such an institution has
been discredited, and it is not for me to at
temptlits establishment in public goodwill
For similar but stronger reasons all dis
count banks Of the United States 3nre no
longer practicable. DESTROYS of dispas-
sionateIy treating this important subject,
N shall avoid angry review Of the merits
Or demerits of the late Bank of the United
States, and content myself with assuming
three postulates, viz. first, that it is no
Professionally, that the president of the
United States, for nearly four years to
come, has given solemn pledges to use
his Office against all such institutions as
both unconstitutional and lmpo'itic and
thirdly, that the Nyexed question of any
Bank Of the United States having degen-
GRATED from an examination Of its utility
into passionate and party division and re-
elimination, 1t is certain that no such
bank can be chartered without revou-.
ton OF parties. without an overthrow OF
the majority and the ascendancy of the
minority.
On some proper occasion | should like
70 discuss lhe question at large, why the
late Bank OF The United States is not now
tho Bank OF the United States believing
that II can be Shown that Is not ibe 'ault
OF the State nor of General Jackson's ad-
min'stration, that II is not al this moment
what MI. Medison's administration Eaade
that bank' an Institution OF gro2t fiscal
usefulness and as no considered il il an
ev', at least a necessary evil, greatly
preferable to the safe banks, and Of great
advantage IN crowFtng md controlling
them. : bns ! shall tor the present con-
tent myself with sayIng that except in