Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-09-17

Unprecedented aud dangerous expansion o the
Banking system, the consequence OF Gen. Jacksons
policy and the direct effect of the destruction of the
Nation al Bank, which could only be again brought
within safe limits by the incorporation of such an
instituiion-past experience having shown that tho
existence of National Bank not only restrained the
ISSUES oil State Banks within proper bounds, but tina,
it also prevented their dangerous multiplication.
What Mr.. Calhoun meant by unbanking tho
Banks" then, nat to prohibit the receipt OF their
notes. for no such idea is remotely limited at,
bu, 10 diminish their number in the first place. and
afterwards TO restrain them from excessive issues.
That lie now attempts 10 give TO those words meaning
which lie did not dream of when they were uttered,
i, only another evidence Of his ambdextcr,y and
wan, Of candor. Like drowning man, hs cstce.
at the only straw which he floating on the sur
tace Of the stream. lie will be fortunate, indeed il
il preserve him from The political death which he
deserves for his base apostacy alike from his party
and from principle
Again-The official account saws:
Mr. C.. concluded by most beautiful illustration,
Of tie danger OF chartering National Bank He
introduced one Of Esop's fables. woodsrnap
hunbly petiiioned the Forest To giant him a small.
piece Of timber, very small piece indeed. in order
that he might make helyc for his axe. Tie For
beia council, and granted the apparently mod
crate request. The woodsman shaped and fitted his
heIve, and returning f-fed the Forest around
HIM The axe, Nh &. remarked, was the Bank
GIVE 10 1t Il Charter, and You supply fhc heme, and
soun the tree ol america liberty VIII tall prostrats
before II.
This is a We y pretty f,ble-bts does II NOT strike
the reader that i, may With much more force I'M,
truth be applied TO Government Bnk ,nTnagcIby
political men, than to National Bark controlled
By commercial men, whose interest il is 10 kecpa-
ioof from parties, and have part 10, m rhcI
struggles tor power And truly ii is fhis
sub Treasury is the Axe which, if il be once placed
in the hands Of the Federal Executive. will soon be
aimed at the root Of OH! liberties. We thank Mr.
Calhoun fof the Illustration Il is no, more fnll Of
force, than, in hs application, i. truth, Tat
it has application 10 fNational Bank, however,
is fairly infcrbe l,om the fact that for nearly tho
whole period OF our national existence, n Bank has
been chartered, and the tree Of American liberty"
yet stands. Aud II runk his been SCARED, or a
ny of It's limbs Topped OIL the blow his been struck
by other hans--by the feicrR ESeea'ics 10 whose
already overgrown and daily increasing power Mr..
Calhoun proposes to add that of the ParSe-erer
The great instrument of corruption and the most IA
ra foe In freedom, when held by TINT branch Of
Representative government But if this fable has
any appiramn Ntlional Bank. wha SHAH be
said Of JOAN G. Calhoun, who, in 1916, gave tho
Brrk charlcr, al! who, in Let, urScd rcaewl
of ths charter, in preference to the Sub Treasury
sGhcmc,--ahat, al, >hlll be sud Of Mr.. Cat
hum, il he did indeed PIT heve upon the axe, un-
dri The persuasion that it would be employed in
prostrltmg the ''nec OF American Liberty! If.e
i, now patriot, WIS Ia not lhen, by hs own show
ms enemy Of hi, country! On, reversing The
quiry, II he was thena patriot, what IS he nov ! Let
his friends
As 10 the effects of thls Sub 1,efsuiy scl.emo
upon the South, we have only 10 say that We have
Iu,t as iule confidence in The sudden regard OF Van
Bmcn, CImbrcens. Wright, Niles. &c &c. for
Southern interests, as have in their attachment,
for State Rights, who have always ,diculcd tho
metapltysrcal notions Of Virginia, aud who, when
South Carolina lifted up the banner Of State
iriguty threatened to obilerate even geographical
State lines IN the blood oil her citizens Truly, the
eruhaic Of the honest NulIifser and his friends,
for these layors, exceeds their easy faith lfany
ding equal the impn Iencc with which these
false assumptions urged il is the crednliy with
wlchlhcy are swallowed down by The dupcs Of
great name.
Democrats anil state Hgiis m,cn.-Eyery Dew
ocratc paper from Mississippi now contains APP
pcals to, the proceedings Of meetings OF this
doubc-hcaded party, recently spticed together
by coalition between John G.. Calhoun, on Lehalf
Of the NulIIlycrs, and Martin Van Buren, bci,als
of those whom Nr. Calhuuns organs called
j" Rogucs and Rovali,ts.' The following iesoIu-