Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-07-23

Specie Paymeats-U. 5. Bank.

:
Specie Poyments-U 5. Bank.
The Richmond Enqulreris highly delighted at the
probable resumption Of specie payments next month
but it takes special impress upon he minds
Of its readers that not indebted TO Mr.. Bidde
for this measure. What oft! "What is Hecuba
TO US, OF to Hecubal' Why Is the Enquirerso
fond Of harping upon this thread. bae theme! Who
aud what is Mr.. B.dde, that to be constantly
reminded Of his reputed dclin9uencies-his far
reaching ayarice-hs soaring ambition! What is
he, but the President of State Bank, with whose
manag cement in Virginia have to do. aud
more right TO interfere Than the people ofPenn-
syyana have to thrust their noses into the Virginia
Bank, and TO hold up DR.. Brockenbrough to the
people Of that State, sort of Cow 10 keep
bearded smplelons and" chldvn ola larger growth"
in the traces ipary. Suppose, for example, we copy
the Enquirer. The Banks are about TO resume hut
no thanks 10 Dr. Brockenbrough for il.'' The fact is
as true in the in the olher-and is Just as
significant. il Mr.. Biddle resumes colempo,ane-
ously with the other Banks in Philadelphia, he de-
serves Just much credit each of those nsiitli-
tons-perhaps more, since il is supposed that his in
dlvidual judeme nj is in opposition the resumption
as premature, if not perllous. We shall not discuss
the point whether in this matter Mr.. Bddle be right
or wrong, because we do not feel competent do
but, night or wrong, Mr. Bidde more responsible
to the public than the President of any other Bank
in this or any other State--and certainly when we
recu, to the abuse which has been heaped upon him.
he is under fewer obligations help the adminisra
ton out of the mire into which it has plunged itself
than any other man, similarly situated, in the United
States 1t is iange indeed, that the Anti Bank par
y should call on Hercules 70, help the very mo-
mcnt that they are pouring upon his head torrents
Of abuse aud SANDER
But the Enquirer not content with delaming Mr.
Bdlle, hazards sheer at the Bank itself, which.
with most discredtable lack Of cand /, it asserts
is the Bank ,chicb The Wigs hare pressed upon u.s.,
&c. 1t IS no such thing; and the Enquirer ought
to know it. They have expressly, once and again,
in the newspapers and in the halls of legislation,
disclaimed all connection with this Bank, particular
| ly; and indeed il was but the other day that
the Enquirer itself, in reference to of these dis
chalmers. declared that Mr.. Clay had deserted Mr..
! Biddlc But now, for effect upon its readers we
are told, that Ills is the Bank which the Wings arc
pressing upon the couptry and chose who are stiIl
mad enough to cry onttor great National Bank
are cited TO lis course, to show its inofdcency
regulator Of the national currency We do not really
! know whether arguments Of this sort reflect lie IS
credit upon The editor who resorts to them, upon
the readers to whom they addressed. The for
mef knows that they are rdiculously uncandid, and
the latter must b. good easy smpleons if they do
not feel indignant at sucla bareiaced exhibition Of
contempt for tleir understandings In what manner
does the course OF this Pennsylvania State Bank de-
IN Tho nrffc of, Rank ,rtin nIer
charter from the general government, operating
throu gh its branches, extending from Bosto to New
Orleans aud connected together like so many links
of one great cham! The Enqaircr might with just
The proprety, refer to the of the Grard
Bank, or the Manhattan Bank, or the Virginia Bank
to show the inuy of charerng National Ba:k
as TO refer 10 the course of the Penns ylvania o. s.
! Bank for that purpose. We, indeed, point TO the
course Of Que and all Of these institutions. to show
concIusvey that National Bank is necessary.
Their inability weather the late financial storm de-
monslrates the propety Of more efficient saniza-
ton Of the system and even Mr.. Calhoun agrees
that il is the best possible form which that system
can be made to assume. II we to have Banks, a
great Regulator is necessary-a Regulator, not char
tered by single Stie, and supposed, in virtue of
its name, TO possess certain attributes which grow
out of its charter alone-ior in this certainly
names are not MinoS.-but chartered by the General
Government, and, under suitable restrictions, invest.
ed with all the powers necessary enable it effect
! The purposes of Great on. Give US B ink of this
sort, and when fails to "regulac the currency
or 10 " equallze exchanges" then shall consent
to alb ndon forever. But the enquirer will excuse
us if we cannot any thing bat absurlly in its de-
nland that all idea Of a National Bank shall be a
bandoned because Slate Bank has failed to effect
certain purposes, for which we have always contend
ed National Bank is alone competent. The En-
qulrer should leave these dd cdptdndum appeals to
the scavengers of the party Men of intellect and
proby should dsdan TO resort TO little articles, con
denned alike by their judgments and their CON
sciences. 80
The Gorernment repaliatiRe us oUa Paper.
! The snbjoined article, which appears as u com
muncation in The Richmond Whig and as an dd-
| rertiSement in the Richmond Enquirer, exempiifes