Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1837-07-11
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A"t -" bNitn RlvitNtshon piihfs ~ lhN Fihf,
Who ,fe pro,sfbisl Tor looking one ~sy and row.
sag another stc very u.hcmeat 80 their tcuuncia-
iious q banks and Ssntinc. but NrS YORK. VIZ.
eiaaa. aud most ot The states which arc dc,olod g.
the sdn,nrra.ion arc 40 favor oC tie banking sys.
ten. and the pt,nis Of The party" are honest e.
uough to confess n. The ety against banks IN
the state fVernohi) Is for effect The Jackson
sod Van Buicn administration have done more TO
increase baak- and banking IN four yeats than any
other administration ever dad. aeatly three time,
sser (as will be seen IN smother article IN ,his pa
per y that TO ssy, the baking capital under Ibis
ada,s,.,fl,ioa has thus been excessively. sad aar.
nrugls increased--snd this Sufficient answer
to sli the charges OF the tory pspers 10 tbis state
that the Wing party are the bank party.
Dot NC Do not ssk our orponcnts. who may
ohatce TO read this article. 10 take our word on
this subject We copy below ouch evidence rs We
lhulk must silence them this point, 'f any thing
will.
The Saratoga Sentinel, Van Buren, paper says
ihe Albany Argus Of Saturday, contains an sd-
dress OF the Republican General Committee of that
city. as adopted at meeting on Thursday evening,
he seaHmnis are those Of The great mass Of he Re
publican paciy' DC. &c. aud 1t adds
extracts from the address
The idea Of al exclusive metallic currency las
never had any counteusnce either from The tlale
or national GdmlsiTaiion, aud can only be adYoca-
ted by those who ignorant of The condition and
wants of the country, or who have some sinlsi ef
eud in view. On THIS subjret we fully coucur ia
the views suggested by The present democratic COY
ernor of Virginia III his recent message ~ the lie.
gisatufe of tina. state. lie says, Bank paper has
"!ong performed all the purposes Of currency, and
"by the holders of II The poor and the richs count
led cney The merchants and traders Of cur
towns have been accustomed To look to the banks
for facilities and aid and through Their Instu-
"mentalIty IL was they have been enabled to make
! "their purchases OF the planter and farmer. II
~ ould surely be unwlse III period OF difficulty
"and when private credit III need OF unusual ia
"eilties, 10 put down Institutions which are 50 III
! "corporasd with every public and individual inter-
"esl aud from which 1t would result as an imne-
"Jiate consequence, that the difficulties Vt paying
would be augmented, whilst the debt 10 be paid
would be increased. There are those who would
have no banks either state fedora, md are for
"epforcing an exclusive metallic circulation. The
"pruject IN the actual condition Of the country
believe TO be wholly I'npracticabie and The agi-
cation Of 1t at this period, could have no other
EFFECT than still further 10 derange the business,
land oppress every interest in the community"
| Such We doubt not substantially the views
Of the democratic party throughout the Union.
| We are not advocates for extfayugant and un-
limited credits aud We trust that all classes III
the community will learn wisdom from past and
presen, experience. Sill, We cannot agree witt
those who dccry the whole credit system. 10
that system principally we owe our canals anu
other public works lit has extended our commerce
over the whole wo.ld--peopled the WILDERNESS
bull, our cities and vlllnses-iounded our colleges
and established our schools. 1t las gwen W. ia
tlsnsl wealth and individual prosperity aud II IL
bns brought some evils in It's train, they are no
for moment 10 be compared with the adIanloee'
| which we have 20 nbupdsntiy cahzeo. None bu
A dreamer Who would throw US back ceniury,cai
Wish TO unuihila,e credits. With such measure
the canal would Indeed become "a solitude" an'
the lake "a desert waste oi watets, instead
charging the Erie canal might better dischars'
oar collie ctgrs and lock teuders-abandon The pro
Zee, uf opening other public thoroughiares. au'
, content ourselves with once more returning 10
state of barter. Dor legislature would have ht'
business lis haads, be! ond that OF declaring la
state bankrupt and imposing taxes to Jeifay In
ordinary expenses Of the government .-.iG. Arg
Q 4 LITTLE "aLuEl" FOR THR WINGS; OF tie hey