The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1837-07-01


thirteen directors only three are friendly to
the present National administration. In the
political integrity of this minority we have
every confidence; but self-interest frequent
ly predominates over very sacred principles,
Jas was instanced in the vote Of Democratic
Senators on the Mammoth Bank bill,) and
we will only consider them on an equality
with that 'fsllible part ofthe human family,
who are prone to the ruling passions in
specializing times like the present When
we gave appreciation to the conduct Of the
Bank of Northumberland, we done so by
ANALOGY; but at that time the Bank was
giving SPECIE for lis notes, for the purposes
Of change, and we presumed no more, un-
der existing circumstances, would either be
required or needed by the community in
this neighborhcod. Bat has the Bank con-
tnucd to exercise this liberal policy? Far
from it. Go to the counter of the Bank
nOsc, and you will discover that 1t has stop
ped redeeming any cfits notes a0ih specie;
while tits a known fact, that It's Oaults con-
tain more specie at present than at any
former period gifts existence. The rea-
son of this oppressive conduct is certainly
best known to the Directors; but as the op-
pohent of all iiionopolies we are ready to
infer from this obvious movement, that they
have adopted the policy of all similar insti-
tutions.-Specie, at present, commands a
large premium in either of our commercial
cities, for the purpose of transmitting the
same to Europe; and the charge has never
yet been denied, alledging that the Banks
are engaged in the traffic, through the inter-
vention of Brokers, who are the employed
agents to buy and sell the constitutional
currency of our country. In suspending
specie payments all Banks have forfeited
the solemn pledges given on the face of
their notes-they have violated their integ-
rity as chartered institutions-they have
disregarded the wants and interests of COM
they have evidently exhibited
a soulless determination to thwart the oper-
atoms, and injnre the credit of our prosper
ous government.-T has been done for
effect--done to excite panic and produce
pressure--done to force the charter of Ma
ional Bank. How then can we eIcuse
he Bank of Northumberland from partici-
patton in those designing mo vcments, when
we see 1t carrying out the impotent instruc-
ions of the Money King, and when large
majority its Directors are the most prom
nent shin-piaster tacticians, and known as
he avoWed advocates of Mammoth Bank?
t is our duty to point out their faults as
veil as their commendable acts, and MS a
aithlul Chronicler Of events, we shall new
n be driven from our course by either
hreats or menaces. They must be their
'wn apologists; and when they wish to have
he confidence of the public, they must nei-
her dread their own statements, nor au-
horize one oftheir tools to pronounce such
publication as ''incendiary." Every tub
hould stand upon its own bottom; and if the
concerns of the Bank of Northumberland
re in prosperous condition, and fairly
onductcd, it certainly never authorized the
spersions of the "Register'' on account of
ny publication we have made in this paper.
We shall see under what authority our
neighbour made his "viIe insinuations;"
md hence, we shall defer further remarks
or more fitting occasion.
With respect to the editor of the "Regis-
er" We might retort with more force and
ruth, by referring to his continued system
# vacillalion and Misrepresentation. His
'aper has been long and shamefully prosti-
uted IN the dissemination of principles, the
'bject Of which is to rivet the chains of
lavery upon the common class of comfnu.
lity, and throw our nation into the vortex
# anarchy. We, however, shall abstain
rom noticing facts so generally known to
'ur readers, and shall only be induced to
pursue such course towards our neishbor
when his own conduct demands it in the