The North-Carolina standard., 1837-11-01
J. vol. N
Three Dollars les
!. y F.. - -. J. ss.,s.. ;. - -

than formerly existed, and dou 50 es1xz Ssss
TO the danger of being affected sss,sz 80
ing on ts,o at SINGLE sS Ss
point. -. assS SO s. sss' x
He had shown the great
danger which the Governmenf
its revenue with the banks. wol zs
.ly liable to, in its financial q E<kssz
shown that these results mig IS
bout by the discrimination Of = Z 1
single leading CONNIE rciaI cit &
dictate Of wisdom thus 10 place
and rapidly growing Republic
of "a few great commercial elite
materially involving its succe
very being Was i. sound poi
to expose its financial action
influence Of the national bank of s.
the great moneyed power of
Much the larger portion of thS
merce carried on by our greaf<l
England. He was informed th6f
large portion ofthe trade carried3u
merchants with other foreign
conducted by means Of credit ~
the great banking houses in t6
: TWAS the misfortune OF out
was TO be regarded as such, al
to stand indebted to England ID
mount Whenever our merch41fS
with her to any considerable sex}4 "a
al bank could, if she chose ii, zpl
sure through them o. our city u
duce the hazard of their stoppi1
ments., Her powerful agenc5
such a5catastrophe may be seer #
sion of specie payments by al
which has lately occurred IN nthise<l 81
first movement which led to Ahal su6
result was that made by that bal,II
she compelled the great banking, ,tH
land, connected with The Americans
tcredlt American merchants. lnd0
land as they were in a sum estif1 =
thirty millions and unable longer 4Q d
to meet their payments on her ba0k
| which had before given them alf7a$
credit, they were driven to the onl4 q e
Idient left them Of making remittanc1
I the demand for which compelled III
| in our great commercial enp6r|1
their vaults. -
/ Nor would national JdsaG hnVE 111 ~
different late. if one had been idse & ii
der the same overwhelming causes &d] W
no doubt, have been forced, under
Extraordinary pressure for sperleY & &E6< rs
| ed to the storm To unite fhe ~
with the banks, would be, theref0re
it, in period of over trading, te Its 8
Influence ot the great moneyed poWe{
Hand, operating at such tiHles &lZf{ &
merchants engaged in foreign trads9 Is
the banks, and, through then on Ihe 3il<J ~
of the Government. If its independence 81 d
3Ebe preserved-it its regular consfif1{ion1
ton was to be kept up, impelted aIu1e 81
vgor of the public will-ihen the etbafaf161 X
Its financial interests from the baz} eI3ti1& 81
was measure Indispensable Thaf Ne "a 6ld Il
secure to the people, in its adrninisf be tEo{
great and important ends in rePabl5ee b III
i of Government TO which he had al Ed 6lid q
free it from the extraneous inlfueneS I5ict n
threatened such serious misc hleE Sf< II
Nothing. said Mr.. B. was Of greafsr 1SI ~ !
tance to the happiness and prosperity IS 56 ST
pie, than stability in the monetaF9 conc
a country. Could any one hope Ia see s.
sirable an object accomplished SOLD q 8 K
4 Government remained connected with fbe # =
! by " hom the circulating medium of the il
was almost entirely supplied Gould g Z ~
II hope to see an end of flhose wars on fi5e ~ &
i cy, which had been SO incessantlY WnS 5S & "a
4 some years past, by the party pj5tos< as
administration, in the hope to convi1Sz f5z
i pie that they had acted unwiselv in u l{1 s Z &
agree 10 the re-charter OF the national
Was it to he expected, If the Governnl5f -
again reunited to the banks. that n6ffV 81
f and ambition would not again stfjks
neyed affairs Of tie country, conssi{6liH5
did the most sensitive nerve Ia thss s.
Eic. with view 70 drive the adminisiii ~
power When the national bank MI s75
a re-charlcr,s IL became the signal 56f ID
onihe State hanks, which has bee5I 81 e s.
sanity kept up ever since The -rSra1S3 "a .
i public deposites from tha. institution + ~
4 another excuse for the same course 81 q q 4
!, greatly embittered by their having bs<6
= lsby the Government in the State Ban S5 3F s
) commercial embarrassments beguf, a ~ ~
i over the country, when It was piainfS 8
q ed by the keen eyed sagacity Of thes 66S
! of the moneyed power, that the bank ~ = Z
dangered themselves byexcessiye yes il
), it was that the war was pushed Wilh - s
4 vigor, in the hope, no doubt, fhSf & a. e
f which would result from the susua s III 1z1 h
I Gle payments would prove decisi9S = s.
the administration. - ~ 5E ss
He had noticed some. weeks pre- IS ~ !
banks having stopped specie payuael51 Z
ultaneous movements ofcertainsD DfeS ;a q
4 to the interests ofthe Bank Of the sI isa
tending TO produce that result he< -; ]<3S; :
: that the banks would stop. and eosi31 ii ffsjl[
! zealously urged them to that confsp q IA d
not positively know that il was thsffs q
t through the instrumentaly of pan &; Il
about that result, to which their lah6f5 ID 5S 81
i erfully tended for SO long time but {Ie i;iiie
Z the manner and the circnms tances s1} H,SSsf
strongly to favor that supposition 1jfe 81 -.
]. leeted for this movement, when IfiIe Iai
y ures were daily occurring was ofsa alf fiers tka