The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-06-30

U. s. BANK.

U. 5. BANK.
II Is rumored thai Jackson has 81 last
relrscied from MS hostility 10 this insiiln-
ton; and come out 10 il favor. This
may be true: but II looks too much Ike
other rumors Of the day. His anlipaIhy
against me Bank was . personal one.
growing altogether out Of his unsuecess.
lul attempt 70 interiors with is officers.
in removing such a. had not supported
his election 10 The Presidency: and con-
sidenng lhe ienaciiy with which he al
ways clings 10 his own rash and passion
ate ACKNOWLEDGEMENTS never expect him
% give up in this point, though his mes-
sures should bankrupt nine lenlhs Of the
nation. No-JaeksOn would suffer mar
Iyrdom, before he would yield 10 the
force Of the most rational experimental
convictions, in a point where his ambi-
tons feelings are concerned.
We should siudlOusly avoid saying a.
nv thing calculated 10 remind the reader
Of his past prejadices. either for or agaiRsI
the Hero. but for one reason: We wish
10 shOw that his ohjeeiian 70 the u. :.
Bank, arising rs IL did from want Of ex-
eeuMVe power To control il. is not now
entitled to The least weight with those
who might Otherwise incline To object 10
i! the establishment Of neR Bank.
Tia, the attack on the Bank. was al
together vindlcllVe. is evident from the
following considerations: ~
LIST. Abuses were alleged against the
Bank, bur could moi be Prorsi. .~
2nd. While The Treasury of the Uniled
States was safe in The Bank. il was RASH
" determined Ia remove il 10 other Banks.
where every body knows il was less safe:
and fears begin to be strongly entertain
ed of its enilre lnss. e.
Srd. A Specie Currency was altogether
an afIer.lhOughi. Il was never limited al
until the failure OF the Z" Experiment" as
To State paper As the U. ). Bank wen,
down, the lncal banks rose, as a matter
Of cuurse-lndeed OF necessity. And
when this began to derange the currency.
Jackson found IL necessary to sppesse
the people. and seIIle back the gathering
storm Tor the present. BY promising to
furnish gold and silver in abundance
throughout the country.
4lh. Since all the local Banks. Dspo.
site Banks and all, have failed in The re-
demplion Of their paper. and Jsckson's
golden promises Of Specie-alsO failed,
the most liberal minded Of the late OPP
ponenls of the Bank begin TO admit frank
ly. that they do not see how we can get
along without National Bank.
Ga seeing the call of Congress an.
nounced, we hunted up Mr.. Van Buren's
letter 10 Sherrod Williams. to see how
far he was actually committed upon the
subject of Bank, Tor 10 no other way
can Congress relieve the county From
an attentive perussl Of thai letter. we lost
all prospect Of succeeding, unless the
measure could be carried BY sufficient
najOriIies To counterfeit the Presidents
veto; which we think not only possible,
but, in the present state of things. alto
gelher probable.
Since writing the above, We are sssur-
ed from respectable source, (Iho' no, in
PRINT Ina, the report in circulation as to
JacksOn's change Of disposition towards
the Bank. Is really true. If SO. we shall
have no further difficulty in obtaining the
object Of our wishes; and We may begin
10 anticipate better times.