Maumee express. [volume] (Maumee City, Ohio) 1837-1838, 1837-10-14
MAUMEE EXPRESS.
SATURDAY, OCTOBER IA, 1887.

THE BANKs.-Many of the leading jour
nails of the party in power, are using their ut
most exertions throw upon the Wings, all the
odium ofhaving chartered the immense number
of banks, which have started into existence
during the past eight years. They call the
Wings the "Bank party" and lay to their
charge, all the trouble and commercial distress
which has been suffered during the present
pressure. The Wings, on the other hand,
are equally assiduous in their denominations,
and industrious in throwing back upon the Ad-
ministration party, the imputation of having
originated and fostered our numberless Bank
ing institutions, and thus hot and steady fire
is kept up, each charging the fault upon the
other, and neither seeming to care very strong
y for the truth oftheir charges and allegations.
The truth is, that whatever may have been
the abstract opinions Of the people of the Uni
ted States, in regard to banks, large major
ity of both parties have been practically in
favor of calling them into existence. Had an
opposition to these institutions been an active
principle in the Democratic party, certainly,
no banks would have been chartered in those
states, in whose Legislatures existed Demo-
cratic majority; and had the Wings been to a
man, opposed to granting charters to monied
insttiuons, they undoubtedly could, by uniting
with the anti bank portion of the Democratic
| Jor tcI linaf for
Banking privileges. 1t is then apparent, that
whatever may have been the latent, or avow-
ed views of the executive head of the Govern
ment, upon the subject of Banking generally,
the people have, almost without distinction
of party, acted in its favor. Ofthis, the large
majority in Congress, in favor of the rechar-
ter of the United States Bank, even during
the existence of Democratic majority in
that body, is an evidence, and it is perfectly
apparent that, had not an arbitrary E..ecu-
tive veto been interposed, the United States
Bank would have been in existence at pres
ent Whence then, arises that spirit OF
elimination, and recrimination, between the
/ Democratic and Whig prints! Is it because
the Banking policy is injurious! No, for a
majority of either party would, even now, be
unwilling to abandonit. At least, it has not
been proved to be injurious, when properly
followed. Its abuse has been attended with
the abuse of any good system, be attended.
1t is only bad systems that can be tampered
with, the good, never. 1t is easy enough to
determine the reason why the different par
ties are anxious to shift the paternity of the
somewhat iegitimate offspring from their
own shoulders; it has got bad name. A
prejudice has arisen against the bank makers
fostered by the injudicious course taken by the
partisan papers, while the opinion that we can
not do without the banks themselves, or that
their destruction would be a blight upon the
great interests of the country, remains as
strong as ever This is the situation of af-
fairs, ard the journal which attempts to throw
the odium upon the oposte party, and by SO
doing, destroy public confidence in our moni.
ed institutions, does wrong. The banks in
Ohio were clog rolled" into existance
and the fact is notorious. Those in Other
states were produced in the same manner, and
if they are monsters, they are such from thell
unnatural parentage, in the coalition of per
sonal and local interests for the emolument O.
members of both parties.