The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1837-10-20

80 - ~ $500 -N--A -
snIcn ne sdeess 1oal0 DC dIaslsal, Il
aould % Do 10 esnaGm lls slsas nalcn
1 nave PGessnleo-
as cO10eelra with llls, Iilere i point
vel desiring eoaslusIauon. Abe un-
son OrG9een OAnA and gosernmsnl Is nos
onIy nam source u lnsl dangerous rA-
psnsIOn aud r0nuaCllOn M me banking
system, SHirh nave already lllusli4.ru.
Dul - aisO ono " me pnueipal causes u
una powerful and almost lTfcslsnblr len
dency 70 llls increase u DanAs which even
iIs Iflenas see anu d5ploGe. useiI on
This point 0n = IOrlnrI OCCASION, ION .IE.
MsDsleGs ui0siOn ~ renew lile osnk char
Ter an 1855 and Mill lot repeat what |
then ssit. Blu. in addition TO the causes
then enumerated. there are many Others
very powerful, and smnng others The one
under consideration. They all may be
summed mp IN one general cause. We
have made banking TOO profitable; far. We
~ far TOO pTniilahie: and, may add. IN
tlueaIlsl. One OF Tie most ample sour
ees OF This profit and influence may be
traced, as have shown, 10 the con-
nexion with The government; aud Is Of
course. amang the prominent causes Of
the strong and IncessanI tendency al the
system To increase, which even Iis friends
see must finally averwhelm either the
banks. ar The institutions Of the country.
With view To check It's growth. they
have proposed 10 limit The number Of
hanks and the amount Of banking capital
hy an amendment Of the constitution; but
il is obvious, that the effects 1T such an
amendment. il il were praclieahle, would
but increase the profits aud Influence 1T
bank capital; and that finally, II would
Justly produce such indignation ON the
part OF The rest Of the community against
such unequal advantages, that in the end,
after q long and violent struggle. the over
throw OF the entire systrm would iUllow.
To oby,aie this difficulty, il has been
proposed 10 add, q limitation upnn the
amount of their business; the effects Of
which would be the accommodation Of
fayorlles, to he exclusion Of tie rest OF
the community, which would be no less
fatal 10 the system. There can he in
fact but one safe and consistent remedy:
the rendering banking a. business, less
profitable and influential, and the first
and decisive step TOW ard this is disse-
yerance between the banks and the go-
vernmenL 10 this may be added. some
efFeclual limitation on the denomination
Of the notes To he issued, which would
operate IN similar manner.
pass aver other important objections
10 the connexions: the couupting influ-
encc and the spirit Of speculation which
il spreads FAR and wide over the lard.
Who has not seen and teplnred the vast
and cnrrupllng influence brought TO bear
upon the legislatures To obtain charters,
and the means necessary To participate in
the profits of The institutions. This gives
control 10 the government which grants
such favors. Of most extensive aud per-
nicious character, all Of which must con-
linue to spread and increase. il the con-
nexion should continue, until The whole
community must become one conlamirral-
ed and corrupted mass.
There is another and final reason,
which shall assign against the reunion
with the banks. We have reached a
new era with regard 10 these institutions.
He who would Judge Of the future by the
past in reference TO them. will be wholly
mistaken. The year 1888 marks the
commencement Of This era. That extra
ordinary man who had the power Of i'm
printing his own feelings on the enmmu-
NIFTY, then commenced his hostile attacks,
Which have leli such effects behind, that
the war then commenced against the
banks, / clearly see, will not terminate,
unless there be a separation between
them and the government: until one or
the other ,riumphs: I'LL the government
becomes The bank, or the bank The 90.
vernmenl. In resisting then union, |
act as the trend Of both. have, as |
have said, no unkiDd feeling towards The
banks. | am neIlher bank man nor an
, ntibank nan. have but lllie connex-
lion with them. Many Of my best friends
L. for wh"p | have the highest esteem, have
deep Inleres. in their prosperity, and as
far as friendship or personal attainment
extends, my incllnsiion would be strong
" In their favor Boz ] stand up here
as the representative Of no particular in-
tsies, | lonk to lie - hple, and To The
future. as we'll as the 'prt sent; and shall
steadily pursue thai course. which, un-
der The MOS, enlarge1 .,ew. | believe 10
be ny duty. IL 1894, sa~ The pre-.
SEM CRISIS. |, ~ vsIn, raised a warning
, xoIce, and endrsvored TO avert il. lnow
see, witt eqn,i cerlaiaty, one FAR more
porten,ons. II this struggle is 10 90 on;
# tie banks will insist upon a reunion
with the government. against The sense