Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-11-06

hos, effected hy n national hayk with the aidof the
Treasury. The vast extent 81 our country gaTe IN.
lime 10 SUI II al institution to lol Oh fednnhahe'es nne
i'll np deficiencies nntice OF an irfeeulariy IN Ms
currnrv IN any particular sections before the chsts
became grnerll. II was clearly the interest oi s"ch
an Institution perform these dni'es ia''fulD 1s
luwn successful operation IN great mcclure ue1ena
ed on il which the best guaranis To the rune
Ithal they wonld be- 50 uerfo,n,e He also believed
thai lie money of the ation could br c'fnstt 10 Y"
agency 81 llc dangerous liharysof 40 nnlikoy :"
use II ler political purposes Experience prosedihe
truth OF Ibis opinion. We had aaain tie best VI all
sccnrity--,n i, Ac seearii4 II taitfea ~ ca9dss
ia p1itiies or unite iiself lcih pafttical parry
deaA 10 he Institution. What evidence had bssn
shown. or could be shown. that The bank ever hnted
IA interference with polii,.s, until u supposed ""
Executive 10 make ano,erihrrior thai purpose! ~
! lseo the Executive eoinneneedn e"tresl"ndrnes
with the hank 10 prncurc n change III The President
of il1r New Hampshire branch. lie -d not say that
ANY thing Improper WAS ntendttl ny me Executive.
hut WIS tue FIRST interference u Inc h'ia INV uio
hanh suppo ,ed 1t 10 be attempt 10 enlist " IN pom
ties, uinl unite the power OF the bank with the power
of the Guvefanien, l. deehned, Oh the ground that
the huh ucva had aud could mol 40" iIlnk oi insr'
hting IN the pjlitics OF the country. The rest -
knoYn The Message iuowed with charge OF what
rondy had ever heard Of before aud recommending
u Treasury bank, uniting the power aud isIr"nage VI
| a bunk 10 thai of The Goverament. From that inns
! forth tin Executive continued 10 struggle Tor Inc
munr} power unil it took rossessIpn oi II ~ 1885.
facts, sit. To move the great re9rIantr "h WHICH
sucl an institution viii always engage ~ poiies.-
LIS lnrresls requires The euston, am liiends'ip VI
both political paGlrs aud II cannot prosper asalos' =
war by enhcr lie money rowetot ihe treasury Is
great 1T il be lodged were II wlll but ot The reasons
Atur, hrLryc # i less ~ II national bmk connected
piA af dpeaafaioH he business 4 he country thus
IN aag o21.,f. There danger ol HE political
Influence ui 4 bank. II the Executive would lei tia
lne Soue aluiilcl that the bank had been irnpro.
ia Llt,nt I'd. u
,atled and otherwise n>tuanagedln It's struggles rf
4 lr-chaltcr 1ls might be true 10 solne extent
but If So it j. nHrt an objecuonto the direction lhan
the Institution, aatl migl be prevented l., snnils
provision IA The chatter, which lhe old charter ought
"a have tolttal'tuh
ST. these atc lie opn.ions Have always cntertsu
ed, aud the opGlnus at my t1,ho olraGnr, "hes
came il.o the Stnnlet hes we're hno"lt,V our eot- 4
>tltuprts. l}n this was n matter ol oApedienc5,
on mhiehlh3y had tgll 10 Judge, they expected IL
be frrrr.rulrd and tlcir Weles when las, leaid
fl N them, were against national btfih la act, al
though believe II unfortunate that Tie OLD banA Was
DESTROYED, the question: Of rs alisllhg "hew one al
tins lime = very different question: nder our anti
bank Administrations tie bank capital has been ttush
uiare than doubled in a few yrais Is II exred'ent
to ID oit ESQ, lhe pract ability oi controlling It,
by uao1d bdnk ui permissible size, ald the ih'h-
ncf OF doug II, are important qhestois' lhe Pfesch'
rate ufeNrhange. too, would render h,ficut to pro-
cure specie iof the institution, aud create demand
or it, that would, lur tie present, add 10 the disreAs.
There were sour Other that had becn icler-
red to, bnt whl, he would not, At this time, notice.
Bul, VT ate srNry told, sir, that the bank ol the
United States, with It's siIll greater strength, has not
been abe 10 prevent he prescut state Of affairs that
1t shs nj been able 10 check other institutions, or
save itaclh" Tbs reference 20 the bank woeld have
doBr vefY we'll for party newspaper; but must ton-
les vas .parw ha astouislc 10 find II ~ niessaec
IT the irsjdutoi the tInled States Can At oe sup
rused ai the mos, leuorant eau be dceeitr by This
catch - d nero name VIM ever thought oi holding
the n, Of the ncd States rcspons,hi" Tor The cur
rrneV. as financial regulator. alter the "'thar"-
nj Of ile dcposiles What obligation was 1t under
the Public, ailrr the Public had taken away the de-
posi- cs and Dispensed with lis sersicesl WINS II uu.er
NY very sltoug obligation. II II had ihe h""rf 10 aa
The Executive in experiment made at lis e%pehse,
anl intended for It's destruction should thnih MOI
aud to hold STATE baaL responsible, because Il IS cdH-
cl "thc Band, Of HE United States" is absolutely ridi
tulouS. has !acu Into line with ihe multitude oil
Siutc banks, created under the late indnisIaiion.
1t has supported his policy" by importing speeieon
ciedl that ii might hatch more p1ler upon II. II has
cloiird III the confusion ii the exchanges. by winch
la, made millions. Ia short, like The rest ot tho
State backs, 1t has gone for making money IL ma"
joiecd its fortunes with the State banks; has bon
rowed specie like the State banks has eNiandea win
the State banks has shaved with the State banks has
lad with the State bauks. aud is a State bank, ard
yet it is held responsible to the country as national
bank. Hlr, ii is no more a nhed States Bank, ahd
not mach Tie litllc Burlington bank, winch pro-
HHrci such a happy turci WIN hioaleum VI 'ho
soils H. aud pfessingly sent Tor more To ope-
rate on the tlcctiots, 'n anticipation al Tie wool
clip" There is United States Bank Jor ye, esab-
hslci dg hs Eftcaiife 10 prerent tie PaLtc money
dam hang t@ttyel 10 operate on TIC lad'Lcs q ms
coQair9t
Why tan, thrse valiant charges upon ghost
lbs war upon = ,isu lcse iiits upon tombstone!
They are about rs useful, aud about rational, AZ
Tic CHARGES 81 The redouhlablr Don Quxotle upon
tic wiHdtals.
lnconnecliou with these perpetual efforts toifghl-
en- Us with ghosts aud ''thngs tliat are not, Mr. Il.
said he had never had his democratic feelings SO
shocked as thry had been by seuiheit oil the Sem
aiGf ON Sou'h Carolina (Nlr.CklHouH,l warmly
.npp{iu{ct bs his friend near hhi CHR S7RANGE.)
Ne Nrtc told that though egPeditnt, We should not
make TN Sta,e bank depository, betau.e u "onhi
BE- u Triumph over the GoycfHtneht hat oo'eth-
nrih The Government Al tic hermitage, or the
Government at Tho White House! These dorern-
n,eAis both, to be sure supposed to be nimn NJ
athr PIE eat State bank, because they did not ii~e
Mr.. Bnltlr IL presden y he was formerly president
Of the naionai institution Eut what had the Coy
ernnent had TO do with the present State institution
lie had supposed, until lately that the Govcrnmens
meant the legislative power, as established oy 'he
Constitution and il the People hronghileif repre-
sentajses, according to The urns OF tue tohstita-
tuion, should deem expcdiet TO make any State
restitution deposiory,it would be no opJechoh""n
him thai cher the cx- President, or present f.xecu-
ye iris supposed u be iatnitcdt 10 ohe6f as eHfeTs
do not propose (sad he) TO make this institution
depository, and nobody has proposed ar thougnt o.
proposing it, 50 far as know Why. thcn, this wal
/ Al.ncr