Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-02-15

he any tarce ut this objection, when applied to NJ
,,spsl Bank. how much more powerful is it, when
A,,,r,al 10 4 Government BaHk. which this Sub
r,,.,sur, scheme is. or will become. in every Ting
I'm, I'll. name Aud how can thnse who opposed
,hs National Bank thus ground, now c>poase a
s.Leme which places in til. hands OF Executive of
6ccr, appointed by the President and Senate aud fe
rs,able at the will aud pleasure Of the President a
Lone. the entire revenue atthe ieleral government
II the Bank, with fixed capital oil thirty five MI
,on., possessing only limited period OF existence,
the constant object Of ea ,usy anl Suspicion aaa
..inst which, for the last eight years, the mos, in
esssant violent an rutIc,, warfare las been wased
D., the Executive and all lis hired myrnidous, in and
out of power was dangerous 10 tie public libcr-
Ties What dangerous aud evil oonseluen noes may We
not dread from Government Baak, with a capital
limited only by the and credit OF the nat1n
depending upon no charter ior it, tenn ofbeine.
the object oil Executiv. affection instead Of Jealousy
and receiving from we'll Us giving to that branch
Of the government the most active and Jealous sup
pon,-lselI 'born aud bapzed IN eonuptiOn," and
furnishing the means, as well US the inducements
fer cotrupting public sentiment, aud perpctualina
ROVER ig the hands Of those who are base ennupl,
~ employ them Tor thai purpose We as, those
who have affected Ia dread the incorporation of A
National Bank, for this reason. ii their advocacy
of Treasury Bank. under milder name, be not
M instance Of most diagram, aud Shameless nconsis
ieucy
W. assume au undesirable position, thu If the
Stale .nss be DESTROYED by the Sub-TIeasury
scheme, land many of the most sasaciouS minds
confidently assert that they cannot exist together
nl,ing declaration a the GIobe. that " Tie dyaasig
If Baaks great AMI small dEpr9ar'ts lis end, J
then snt al results mist rn-ue: |. Eith,r 1hr
sacuum occtsioned by the abstraction Of lheif
patos ansouaiHg To sx hnrdrcd millions o( ,oIlars
fraa, al. circulation al HE COUNTY, must be SIM
Piled b, orher ldltr substitute (or the idea Of
au exclusive metallic currency is TOW uniyrr.,II,
rrpuliatrd rs utterly inpractic,b,e } or 2diy the
cuve rrarcrty Of the oonairy must be deprecated
10 .anr 10 rAe2t which ii Is aloss.bc to csli-
ala. eseI Fan Who owes debts, Contracts l,r
the existing circumstances OF he caaatrv, ma b
inerriesahly iuil ca. l'le latter result no ono an
iicpates bet an il Is thr interest Of TOO lar e ma
joriy ot all Glasses % Pfetc It such revolutionary
aud ruinons catastrophe. The tr> will thcn laae
place paper suts.iut for Ba.h uolcs viii be
sapped--aaI wiIat will It be- 2reasu4g mites, of
course, issncdhy tins sub Treasury at tirS offsr
d'non'naii"nS' ia: ultimately accommodated Ia the
h"ce's'es oi ht foanily, ANIL Tie Whole business
oi BanNing "iIl he monapol'z d ht the government,
aud the ,chenic tch proln..,s ST fairly, vii
gro" aaa expand ir IN Tie eomparltHeN simple da-
ties Of receiving, keerpm! and d',b0rsne the pub
Tic MONEYS into Offices oi d'Stou and drpOsi,a and
ns notes will crcnlfe rom htii 10 haul. just az
" haah rags" no" do, bul possessing les, clam 10
public coat lrncr because resting fix Il crI1l-
tAl and never convertible l!;o specir II The demand
81 the holders!
IT, t en- tit q1cstfaa we're q \ ITO u, B,.l il
1tcasuiN Gank,' II seems 10 us thai 10 rrlcrtHe
mud should Ion. hesitate IN choosing the former.
rather chan the latter. II y ninnll Bank b. of
doubtful colsnution2liiy Treasury Ban, !, p,lna.
bly, uneonsttutiou. Au1 IT, Ga srot,4ii, of cxpell-
cnov, the former * uhjrclontjlr t.. Latter is un-
questionable, morc So whether viewed in references 10
lis power orto its iIdaeemsnt@to 1ll=ta f,tal Sub
u?on lhr lights and liberties of Tn people. But this
Is nal the - tr"e issue, 1T least or the present The
scic c oi National Bank is not cine ;lic public Is
an ALTERNATIVE Wuposon,nol is it at all likely thai any
present. The only antagonist plan which has bcea
arrayed gam H. Is illt of NJ Rive - 'gllt OF
state HHnks, undei iaore sysiraltlc orgtnizatIgu
ihAnthc -Splo!cd Depastc B,,.h s,sjcal--a nlaa in
much confidence, bnl which, an atetnati,c, ard