Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-10-09

<,hs .,acAholdrIs whose sgsnts ths, an, AID thai
,,,e.,,ariiv 10 some extent discard personal sym
.,h,. and social ties. But suppose that the Banks
all prosirated and th't noney-lendinc were
..6.rJ 10 individual capitalists: Does Mr.. =. sup
,.. that taey would display more sympathy, than
-. :. .oull,s, corporations" which lie stisnazrs
,,J If ,riIsibilil,, for human suticrns!
Wand they b. les, tenacious Of the Strr cent tor
mare. a. the case might be) than The Banks or he
careful IN guarding against loss BY tue use OF THOSE
-.,,,,,onar, means which Banks enplo, TO secure
,,,,, debts We trow not. If Banks prefer 10
Land 10 those who arr best able 10 pay, or Who eau
.,. the most satisfactory security, individuals
a., far as our observation aud experience extend,
hit more impartial OF benevolent III the dsper.sa-
. al heir fl,uts. We might totiiiy position
- familiar illustrations, il that were allowable. The
Tanks. though technically "soues.," are governed
L, m.u ~lo supposed to be moi altost th'r dnrst
I'D Of human sympa,h,s aud fc,lines-and We nj Ii,
be,. too cite many instances, il II were proper
>. do. for the purpose Of showing that their ,endcue,
In. been any thing but 10 " make ti rich richer aud
IN. posr poorer Thai it is not ST, facts, open 10
the scrutiny OF all, amply testify.
Were il not for the general and unfortunate preSa
n,uc. OF his my, opinoa among the great
bod, uf,le people, should be astonShed at then
hostility to a ~ell-regniated banking system. But
.Lcn Intelligent and observing m'n. like MIR. Pleas
,,. admit IT, we can -carctl, wonde, that others,
having n,o,e limited means Of correct Information,
should crednlously receive H. The iaiine, and plan
ter derive benefit from these in, uions whchths,
cannot appreciate, because they do not kn"" how the
field oi competition Tor the products OF them labor IS
widsnedb, the weekly "ans OF these institutions 10
men whose only capital Is public confidence III their
in,sy gritty prucnce, industry and sh,-in other
words, their creiii. Sncl. individual, thus placed
upon footing quallt, with actu.l capitalists who,
yeuerall, few ~ ur,lnbrr. limited theatre OF action
Ike ours would otherwise mouopoll1e the market,
,ndky the absence OF vigorous oompetton.bc sna-
b.J to dit pres, the vale Of the produce OF til"
try. Mn are yet l,n., WHO l"collect tia, this
the casr in hc earl, settlement of TN, place. Eutl dr
fence ofthc Eankn. >,,trm is, we hgpc, UNNECESSARY
III this section of the ai.n. The doctrines OF the
Loco Foco, have yet nade but slight impression
South ri the Potomac
In conclusion, will admit. IN ansNrr TO Mr.
rrasan,s's appc. To candor" HAT do thinh
that the Experiment" ot lc'curoi State Banks.
.s,u IN ,de, will s,in ta.i and that j, i, because
h,li.ve that it will more certainly, fisc Il
measure fail, than the Snb Treasury scheme, aud
consequently lead NOR spced. 10 the establish
neut oi a Natiund 'ank. that prefer II vi the
,v.. En- IN ofdcrto meet the nnfaorablc ini-
preston vi our polite Al rtuoS." wllch the a,owal
vi thu sruu.eu nI. hs. rAeltrd il ~ proper ~
adj that ahmu h hc Sur Treasury scheme maybe
b-.tna dscdl pant ot,r~ then til. State j ri s,s
..l. thou h thai ~ br tested and ma, be So,