Western courier. [volume] (Ravenna, Ohio) 1837-1838, 1837-09-14

exchanges Of the United es.-Thert
IS no reason why our own may NOT be con.
,dncted in the same manner, with equaI
cheapness and safety. Certainly this
might be accomplished. if it were favored
by those most deeply Interested, and few
can doubt that their own interest, as well
as the general werfare Of the country,
would be promoted by leaving such sub.
ject in the hands Of ,hose,:o whom il prop
erly belongs. ~.
A system foundedsep, private interest,
enterprise and competition, without the
aid of legislative grants or regulations by
law. would rapidly prosper; i would be
free Esom The Influence Of political agita-
;iijiohss sAis xAfend .tke same exemptioD 10
1iifade ifseIfi and It would put an end 10
those Complaints ofneglect, paitality, in
justice, and oppression, which are the IN
avoidable. results of interference by the
government, in the proper concerns of in
dividuals. All former attempts on the
par; Of the Government TO carry its leg:s-
laton, in lbs respect, IuIther than was de-
signed by the Constitution, have in the end
proved injurious, and have served only to
convince the great body Of The people,
more and more, of the certain dangers Of
blending private interests with the opera
tions of public business; and there is m
reason TO suppose that repetition Of them
now wonld be more successful.
1t cannot be concealed that there exists,
in our community. opinions and feelings
on this subject in direct opposition TO
each other. A large portion of them
combining great intelligence, activity and
influence, are no doubt sincere in their
belief that the operations of trade ought
10 be assisted by such connections they
regard national bank es necessary for
this purpose, and they are disinclined 10
every measure that does not tend, sooner
or later to the establishment Of such an
institution. On the other hand, a major
lty ofthe people are believed to be irec'
oncilably opposed 10 that measure; they
consider such a concentration of power
dangerous to their liberties; and many o.
them regard it as violation of The Con
s,itution. This collision Of opinion has
doubtless, caused much of the embarass
ment to which the commercial transaction
of the country have lately been exposed
Banking has bece:::::s political topic 0
tie 55::gnest interest, and trade has suffer
ed in the. conflict of parties. A speedy
termination OF this state of things. how
ever desirable, is scarcely TO be expected
We have seen for nearly half century
that those who advocate National Bank
by whatever motive they may be inhu
enced, constitute portion Of our commu
nifty too numerous to allow us to hope fol-
an early abandonment of their favorite
plan. On The other hand. they must in
deed form an erroneous estimate of the
intelligence and temper of the American
people, who suppose that they have
conjunction slight or insufficient grounds,
their persevering opposition to such an
institution or lha, they can be induced by
pecuniary pressure or by any other COM
| bination Of circumstances, 10 surrender
principles they have so long and so infex-
IDLY maintained.
NV own views Of the subject are tln-
changed. They have been repeatedly and
unreservedly announced 10 my fellow cit>
izens who, with full knowledge of them.
conferred upon me the two highest Offices
of The Government. On the last Of these
occasions. felt it due 10 the people to
apprize them distinctly. that, in the event
of INV election, | would no, be able to
cooperate in the re-esiablishment Of a
National Bank. To these sentiments.
have now only to add the expression of an
increased conviction, tina, the re-establsh-
ment of such bank, in any form, whilst
it would not accomplish the beneficial
purpose promised by its advocates, would
impair the rightful supremacy of the pop
. plar will; injure the character and dimin-
!: ish the influtsnce -of our.politicaE system,
and bring once more into 'existence. acsp-
centrated nioneyed power, hostilefo The
spirit, and threathipg the ,permanency of
our republican institutions, -
Local Banks have been employed for
the deposite and distribution Of The reve.
nue.. at all times partially, and, on three
different occasions exclusively first, an,
terior TO the establishment of the fist
Bank of the United States; secondly, in
the interval between the termination OF
that institution and the charter of IFS sue
cessor; and. thirdly, during the limited
period which has now so abruptly closed.
'Fhe connection thus repea,ed q attempts
ed, proved unsatisfactory on eQch success,
sive occasion, Notwithstanding the vaNous
measures which were adopted tofaciInate
OF insure its success. On the la.toaea.
sion, in The year 1888, the employment ei
the State Banks was guarded especially
in every way which experience and eau
ton could suggest. Personal security
was required for the safe keeping. and
prompt payment Of the moneys TO be re-
ceeived, and.sful returns Of their condition
were frernaiine TO time, to be- made by