The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-02-10

books were opened under the charter. and BY some
evil condolences, the subscriptions at the West
wholly failed, and South Carolina almost alone
had to undertake the task of subscribing the four
millions necessarT 10 secure the charter In doing
this, her Citizens have taxed their strength to the
utmost; and the apathy OF the ether sections
shews how futile are all expectations Of further
subscri options. without some additional induce
inenis. Eight millions more are necessary and
these can only be procured By the otTer Of advan.
tages sufficient to attract The investment Of CAPT.
tai. Even those who have already subscribed,
dishearened by the lGkewafmnUss u other States
and seeinl, that the means now TO command are
insufficient TO effect the object, have come 10 the
detefmiBstion to abandon The present charter, IN.
less measures are devised for procuring addition
al funds. We are thus brought to the iSsCe-,here
Is no mode OF evadlng If. Additional subscrip-
tons can only be procured by grant OF Banking
privileges. Ingenuity can devise other meth
cd, unless the States at their own expense 1pGer-
take the work-an undertaking, which would be-
vain TO speak Of There isno middle grsUnd left,
and the question now TO be decided is bs,ween the
grant OF Banking privileges and the abandonment
Of an enterprise, the most magnificent which the
South has ever conceived, aDd which involves the
destiny of our country for many succeeding years.
matter. We have now reached the crisis. A
round US on every side, our countrymsn are adj
vancing, with an energy, beyond example, towards
prosperity and power. We alone are stationary;
strong effort has been made 10 arouse our people,
aud they are new awakened to the necessity of ex-
erton. They are ready wth but slight encourage
meni 10 advance in this glorious race to urge their
every power IN behalf Of the State. and 10 turn
back the tide of commerce 90 our shores. IL we
lend them our sympathetic we grant the aid
which they fcquire-al is safe, and our country
must prosper and improve But if we repress
their ardour and now reject their advances their
spirits will be broken. Their last hope will have
fled. The most generous hearts which had offer
cd yEl their aid, will have been frozen By your
Al atT. They will have turned away in disgust,
and I've sought more genial cimes in which 10
eKpa; and long ere you viii be able to arouse
yWr Ropc for another effort, other channels of
"a p4ee will have been formed, through which
your dTtre e6tsrprzing neighbours vii! drain out
your p9pulsloRs and leave your condition yet more
iesolas AuAJ6innus.
The simple enquiry then is, wa you encounter
al these evils-wi you forego ell these advanta-
res upon which have descanted or will you, in
lrdsr to secure them grant Banking privileges to
he company from winch they are to be derived.
ary to ascertain whether the people of North Car
Dina will gain more by the road than they viii
ose by the grant of Bank charter. The advan-
ages OF the road have already been presented.
Let us now consider the Bank charter, and see il
here be any aud what evils 10 which i. may sub.
ect your people.
When this proposition was originally started IN
south Caroline, there arose not little clamor
,oul the danger from Banks--thc arrangement Of
he currency, and host of ether vague phantoms
we're conjured up,--wherewithal 10 alarm the tim
a, Very little observation soon made the discov-
~, that the greatest portion Of this noise proceed
d from those who we're interested in other Banks.
The inference was the same which every farmer
ould naturally make. when he hears the old es-
ablished village Tailor descanting upon the dan
or TO be apprehended from some newly arrived
rother Of the erafl, who may have sci oP his shop
cross the way. The very gres- regard for the
'elfaro Of his customers, which would induce tho
Id established Professor of the scissors to advise
gainst sabjecllng themselves 10 the practices OF
he new conner, would at once be valued al what
is worth The same motives govern mankind,
neither they haud!s the needle, or occupy the par
our of the Bank, and every opinion from party
lierested must be received with greatcsa;oa. Be
said however 10 the honor of those gentlemen
with Banks in South Carolina, whose
pnious were originally adverse to this project,
la' they had given due examination
} the subject, most, it not all oil them, abandoned
loir objections, and united heart and hand in ad-
aneng the scheme, aud making it as perfect as
osslbie.
10 be concluded merit ,ctek)