The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-11-17

selves would have produced bat liite eject To-
-, The rap.es in few words, the vast increase
vbicb the tariff Of ls2l and IS gave to the hseAi
-o,i,, - the Government, conblned with The
causes have enumerated, gave The hrst Impulse
10 The expansion Of the currency. THESE IN turn
csye that extraordinary impulse TO overuadlng
and speculation obey are effects and mol causes
which has finally Terminated IN the present eaiah-
a., II may thus be ultimately traced 10 the con-
re,ion between the banas and The Government;
aud Il Is not a little remarkable that the suspen
sion OF specie payments IN lel6, 10 tins country,
ana that Of 1871, ia Great Britain, were pTodaesd
BY like causes. r,
There i another reason against the unloa OF The
Government and the banks, Intimately coHnsc'e9
with that under consideration, which shall next
proceed to state Il gives preference TO one por'
lion Of ci..zens over another that is neither TAR
equal, nor consistent with the spirit Of oar iHsa-
iu,ions. That the eonuexion between TIE bank
ana the Government the receiving and paying
array their notes as cash, aud the use OF the puu-
lie money from the time of the collection 10 the
disbursement is the source OF Immense pFohl 70
The banks, cannot be questioned. ltis Impossible
as have sad, % ascertain Wl.h auy precision 70
what exteal tbeir issues aud circulation depehd
uuon IT, bat it certainly constitutes large propof-
ton. A single illustration may throw ilght upon
this poia,. Suppose the Government were 10 tANe
II, the ysries, bcrrar in the street and enter INTO
contract with him, that nothing should &c re-
ceiyed ia its daes, 81 FIR the sales OF the puolc
lads in future, except gold and silver and ms
-r,,nisary p,I'es and that he should have ihe use
If the opblic funds from the time OF their coi'ec'
,i,, uotil thcir disbursement. Ctn any one EST
u,.ts the wealth which such contract w0n'd coz
sr2 His notes would circohtc Tar AID vide
oysr tie whole extent OF the 1ion, would oe ne
rpe8lam through which the exchanges q lao coan'
IN would be performed al ms anpls aud eN-
tended credit would give him a control over a"
"a. hanking institutions aud monied Transactions
ollhs community. The posssssi Of an a.laafed
millions would not give control more eHeclna.'
las would !, De equal, would It be consistent ~ilh
~ s.trlt Of orr institutions to confer suca aay7n'
te.gs II any Iudiyiduaf Md itno' on ore, should
il be conferred on any NUMBER. And II mol, Why
should it b. conferred on any c0Tno' ale Dolly o
iadytdaals2 Hos can they possibly be ea.Het
10 beaeh,s 50 vast which all must acAnoA egg
could not Be Justly conferred en- ans number .
unineorooraled iaaisidlal.
| state MOI these yiess wish ans intention 9
bringiap down rllom on a1a sing institutions
have 10 unkina feelings towards inem "h4tr'e'
d. not hold them Re pousib.e ior lie pte'en
state Of things II has grown Up graaas.iY, VIII
ont eiihsr ihe banks O, the community uercsiNin
TIA consequence. Which have tJll1N-a he conner
IA between chem. II object j, 70 st'e ian's 9
they exist that lie trat!t aiay Be se,u = t,ne b
all THIS IS an age q investigation. Tue p1Ht
mind i broadly awake upau i.ll' al ina.'fi-'
subject |. aFcs the Interest and condition.
The whole community, and viii be Investigated
the bottom. Netting vii b. l1:t uaeAp.ofed, az
nis turtas interest ST both he banks are u q
community. that the Cy.'s ircdent % the come
ton should b. fully understood, ID t.Hie AID q
connection be grlduaIt terminated before So
coay,!isions shan follow - sweep away &
,els system, with is aif-ntascs As ae.. As Z
But II - rus "a. le.srten citizen and citt
that the connection Is natsir 4t.4 t,rrrq3I II
as much So between ene portion 81 The cegHt}s :
another The connection of ths u7rornmtut "
the banks, whether it b aith combination o. II.
banks, or with Nl.i5Ha. asii.lt ION, $ III meet
sarg cent-iilk5 The 1e.Iaa 81 ID: system a. /
principal point of collection and q. bur # raut d
a. which the mother hanf or tie head ot'tte lca z
ofSsts banks must 5s i1ca;ei From ssa. goI
the hole system, through De connection vi
thu ts1gcrnrueu. sIil e. enabled o. c3safui t.- @
changes both az home aa1 abroad aud ataitt
commerce, foreign aud domestic, iae ding q
p5rg. aud imports. Aa-r Gsst h.s been sal
these points viii require glt Atie Illustration.
single one viii 5a sufficient: aad ! at.l SANE, 4.
tle Former igsta e.. hat o. al individual
T. b csaciudstI