Western courier. [volume] (Ravenna, Ohio) 1837-1838, 1837-07-27
For the Courier.
UNITED STATES BANK.

UNITED STATES BANK.
Mr.. Biddle in his letter to John Quincy
Adams, says:--''If the Bank of the Uni
ted States had consulted its own strength,
it would have continued its payments
without reserve"
What then are we TO think of this
Mammoth institution, the boasted regu-
lator of the Finances Of the country thus
refusing to redeem its paper, given and
taken in good faith, while it is abundant
ly able so to do,and while even more than
that--its own strength imperatively de-
manded such a course? If we had no
other evidence, is it not sufficiently evil
dent that the United States Bddle Bank,
with the other lesser satellites, are in
league to support each other in mischief
and high handed usurpation, in opposi-
tion to the people ano the wants of COM
munity, to administer unto which was the
avowed object of their creation? Why,
if the United States Bank could redeem
its notes, and in time Of distress could
regulate the disordered state of our FL
nancal relations, when the effect must
have been great and salutary in restoring
confidence amid the all per"ading panic
among the commercial community, Why,
we ask, did she not do soa Why at that
time did she close her doors, Withholding
all assistance?
The United States Bank either could
not meet its notes, and if it could not do
so, then it was guilty and bankrupt, and
the object Of its creation was not ef-
fected, or it could do so, and in not per-
forming what was its duty was acting in
concert with the chain of rotten and soul
less corporations, who are endeavoring
to enforce their will as Law, aud whose
efforts all tend to curb down the country
under their CALLING yoke. Let the Bank
take either stand, one it must, and it is
convicted--self convicted, land we have be-
fore our eye,this spectacle ofa Beelzabub,
the chief of devils, raised up among US
to govern the rest!
Shall the republicans of this country
see such things in silence-wil they
without murmuring permit this runous
system, so to fix itself upon the country,
and prey upon its vitals till there is no
longer any independent blood in the re-
public2 The earliest and wisest of our
statesmen have looked upon the increas-
ing powers of Banks with jealousy-,eyen
with fear. Their predictions have be-
come verified, their worst fears realized.
Listen to Mr.. Jefferson. He says: "The
Bank mania is raising up a monied aris-
tocracy which has already set the gov
ernment at defiance. i" They
(banks) have taken deep root in the
hearts of that class from which our legis-
lators are drawn, and the sop ofCerberus
from fable has become history. Their
principles take hold of the good, their pelf
the bad, and thus those whom the constitu
ton has placed as guards to the portals,are
sophisticated or suborned from their du-
.y.''
SnehSis the language Of Mr.. Jefferson.
Let us lock around us, and when we see
he powers of those corporations and the
influence which they exert, does it not
seem that if the aboye was true in Mr..
Jefferson's time, when our banking sys-
EN- was by no means as extended and
powerful as at the present, that it is most
so now; or if it was prophecy
hen, is it not History now?
JEFFERSON.
For the Courier.