Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-12-18
E'NsHnVKG. GEtEnHEn -. ,,,,
3 ANkS acttll.L.

l l'''heni'ne Teg'nh ontha subject Banhi,,q a.,
The Currency through the medium Of ,i,, t,a,.''
I>e"oef.p 10 rather grarei!c5 BY our hrl-t CONN.
larry "n The 9Th OF last month, upon one Of H..
tnnous essays. He is particular, gri.,ed +,
that We classcd him among lhs Ioco F.ca.,
Agraflihs, and calls upon 10 drlin- thus, t.
We q, your mercy, good sir. The most ,,,..,
cial reader oi Roman history. W. presume. ,..,,..
Information III relation to the nraniay ur III. L.
'er'---and the former, ahous "a OF much later .,a,.
Is It's Syn1Hgr7c. a Western Democrat" re,n,i
The association, however quite Indignantly bn, Ill.
belong mott" This CORY, how is il thai m. s.n,;
'"en's he adrnca'cs fluids hearty fepons, fro, IL.
Loco nc"' OF Ne" York Ilo" doe. he n eop.,
'"f 'his coincidence OF sentiment unl-,s there !.
an aihii, {" feeling between the .n-fnie. NJ th..,
II system there and here 4 rose, b, an, .,l...
name, would sme swee, and WHEN ,,
'ocaie certain opinions We little care for the ,,,.,
la'oa ot the sect ~ whch they hrlnuy--t-,,.,,
or Wing iederalls o, republican, ,ii.fyer or co.,,l
"''Ionid arlSocrat or p'ebeitn.--it !. al III, sam,
II sol hut mile moment wiietirr tllr war ,Y.inx
the bahks tor example. b. hralrd b, J,rssnn IN,
d'm'c'a'. Van Barren the any -,,in-.,,i IN. T,n.,
th- !cderalist, Calhoun The nn(yrr or Kendall, N.
ayrarso. The disl4on Of the Anti. 3 INK u,rty IN.
cl,Ssrs me Leave for ;ho4- f,n,, r. TIM o;,,..l,,
'rcl miaale in,rs;iea;inns and more capable. (,.o
ther aeapaltanee with Natqra U5s,oru. ,fm,.,,y
the cas>r,a'ion. "a Western Democrat" ma,
select hs own leader from the ,.ollr, ct.wv- r,,,
crun,rr.ted
Western Delnnc,at" quotes a long s;r,.y #
names, ri hieh authority in tbs country. to l-n.p
STRAIT" the arinncraficnl c ar1c,rr Of Banks--Joh,
Randnlrl, Mr.. Jefferson, John Tavlu, ofCaolln,
aud Wa. B. ies--irrn befor" thu m,iesi, Of .ho,.
great MAIDS we bow with no'rgned hona:r. and,s
the wri-hl Of whose opinions We Yield Wiling
fl"ueh not snpersti;ions reverence. But. iftl,-r
hostility 10 the Banking system could not ,.rr il,
original Incorporation into political institutions
N their infant stages,if while hey Vet lived III.
hnndsrbo'ls Of tlcir eloquent donunciariors oft,i,
system fell harmless to the eai,l, aud in drsp. u
their efforts 10 strange it III its hil. i, hos t.hru
firm root in our soil and has bcco,nr in"r~os-u
with all 'ir Interests OF The body poliiic--,lal~e
NOE niron H. and convu'sr society bs the thorough
revolution Which lis destruction wouid produce IN
livery department. of human industry 4 erterruile,
w. were tod By Mr.. Van Bpren in h4 laf- Message,
"hra speaking Of the PGblle Lands that s,abili,,
in reference lonPor ut s..tein, Of policy ia eI-s,
virru-, ana thai no changes sloril bt attempted.
except upon 'lcnonsraLl, evidences al hrir n;iIny
Can Ill" " We tern Dcnocru SUM ~. h, tie ,'rong.
"s rfiot al his nlae ;;ion. thr consequence ri the
"v"rhro" Of the Banking system inth. country
f.cl him make Ii" experiment. IL the G;si heut 81
cool reflection, and he must have rs,v nnltet
knawlrd.v OF lie snhi-r, of which Ia ,iiscanr.. ii
hr he mi ,,"f'ei ~ the ,n,cn,rid. of ,,s ri..
chiefs which he Is cndenorlrg 10 hin. upn7 Ii,
country, in hi4 A"alous crusade against sysir:7 In,
teudrnc, ot winch wiser lnrn ,haa ,,,-lf.--w-
fer particularly TO the dvttofi!ie, which he c-..-
have most strangely m~concri,ri.
Que of the most common. AID vet thu
most false. Of these faaci-s is. in the iancu,g.
quoted from Mr.. Giles. that its pe,p,tnsl
uniform and inevitable tendency i, to make the rch
richer and ihr poor poofrr'-, tallary to Which
t,ru. Jachson's frequent of tl- same phrase.
without giving cro'Iit to- the source from; which
was borrowed ha, given wide dissemination. and i,
the estimation OF SOME mc,, clothed il will, thr Az.
lnrity OF established axiom. The assertion /.
practically conrladc,rd and frnnpllsnly rrfut,d
by the everyday h,'arv oil banking operations. Ii
Their. be Que class ri society more benefited b,
, Banks than another. they without capital
but whose integrity. enterprise aud skill ms pir- sn
ftirnt confidence 10 enable them to beroma ho,-
rorers and wh. thrlr credit answering al rhe pur-
poses OF capital, are thus placed level with the
rich, and enabled 10 compete witt, .rin IN tho uni
yersal struggle for wealth which i, a, once tn. ch,-
rac,cristic and the of our race. Few rich
men, o2,p,rtiYelv ash for acco .noiarinn 1t cank.
They are more frequently lenders than borrower;
and the Banks operate the advantage Of th- indus
trions and enlernrsing poor N .~o-fold 'nan'
uer--Grst. by reducing the of interest, which
would be necessarily augmented il the business Of
lsndao were confined 10 individual capitalists arf
s"cn'lx, ly auencntiug the amour, Of floating capt.
tai, the consequence of combnin, small sums TO-
loans. A. Mr.. Thomp,on Of :. e. forcbl, rrears-
ed IL his speech ii thr lar extra session OF Consress
" Banks are ,onr only h.ne Acraran princip'"--
the most certain drrendcnte of the roer-i"
most ,a<urn onntahlc barrier to he "nopopiF Of
money in a f-w hands, and consequently to the rs
Establishment Of ntonicd arStorrary. We do fo'
den, that tlrv may he abused ard prrstrtrd-no'
shall we say ihu they have not thus been. But"
we look for perfection in this, more tban IN al,
ether system Of human policy, we shall necessarily
he deceived II W. destroy il because it, cannotP'''
the fey ordeal without rx1bitin. some inh sP'''
upon rs rest,ncns, whai shall be- preserved from INC
destructive spirit Of the age Does the ester"
Democrat pre- umpluously hnre that his la'"'''
S"b-Treasury scheme will be exempt from 'i''
"iemsil and wrinkle" According to our esln''''