Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1838-12-04
From Tie Nen York Express.
A Nationa, Bank..SupeTsede

We doubt very much whether the sstabiishmcn nj Of n
Natons Bank will be brough, forward again for many
years come. The United States Bank has now got
foot hold in this city and in manner that is likely
10 be permanent. 1t is established unde, law of our
State, which, il is stated # altered repealed, cannot
affect those banking Institutions which have been
may be organized under II and # this is correct,
do not Why the charter is moi perpetual The Bank
is in successful operation in this city, well in
PHILADELPHIA its branches are established in New Or
leans, Cincinnati, and various other large places As
the local Banks IN Alabama Louisiana and Mis-
ppi specie payments they unique stiona-
bly, will in th. ui few months, there is
why this Bank may not deal in domestic exchanges
as extensively, and atas low rates as formerly. We
have II from such authority We deem satisfactory that
the great bulk Of their operations here, will consist in
dlscOuGtIng this description of paper The other large
Banks recently commenced in this city under the pre-
sent law aud the great charter granted IN South Caro-
lima, Tennessee. and Mississippi, will beyond oil ques.
ton soon be 10 oOeratlon Most of them have sstab.
l'hed a credit in Europe that will afford them the ia
ces they require. These Banks will 6nd it for their
Interests also 10 de, in domestic exchanges all which
will crsn,e rivalry and competition tba, will keep
down the rate Of internal exchanges TO point equival
ent TO the ransportaion of specie.
II the rate of exchange should rule all parts Of the
United States al about per cent think II
wihe object will be to have descr pon OF Bank
notes that will be received throughout the u States
par fraction under II this be efiec there
viii be no need Of National Bank,
We are informed that as soon Us the banks at The
South have rssanied specie Is 'he inirnlo"
Of bank that shall be- generally euen, ihroug
the country and they will do this by making them pay
able IN New ork Philadelphia, Baltimore Boston Gin
cinnat, New Orlrons, and perhaps ohe- places Bank
notes with the advantage Of redemption at various
points, md based upon the well known credit and sol
yency Of the United States Bank, would without cues
ton be received every whrTe and would enjoy perfect
confidence. The travelling community would be &C
commodasd. aud every individual wishing To- transmit
hundred dollar bill fom end Of the country the
other could do with perfect security and without
loss. The convenience 10 the public would be very
great, and the advantage to the bank immense as such
notes would enjoy circulation probably greater than
any time since It's establishment under the old charter
Wonder II the Free Press has found out who John
Smith - Franklin Republican.
fes, II our suthorI,y Is good. We have the solemn
deelArauonoi the democrats party IN convention
bled IN I53t, that
John Smith is Of the old fedsrol party-the oppou.
sn and feviler Of Jefferson and Msdison-ihe sifenu
oppOser Of the last ~sT and found exerting all hts
influence 10 hws the government in the pFosec
Of 1t and II We may judge from bis past political
course he has not discarded the principles by which he
was then governed DsiA. .jddrsIg.
In addition TO thi. We have the ,uthoriiy OF the Sen
une fot saying that every word Of the abOye gospe
trufh. We therefore conclude there be dispute
Who or Uhsi John Smith is And yet, strange 10 say
the progressed keepers OF the yests FIRE Of democracy
ATE claiming The election Of suoh a man great
democratic Triumph j. the Republican answered p
Bur. FREE Pres