Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1838-11-07
THE GAZETTE.
mAREnWg3 OR 90 " a.
WEDNESDAY, NOVEMBER I. 1893.

TIE BASK-rHE GoyEBMENT. We place
in another part ofour paper to-day, according TO
promise, an article which makes pretty con
trast with some Of the political Trades, that
have been spun by the supporters Of the Admin
istration, against the U. s. Bank Of Pennsylya-
MIA, and its estimable president, MIR. Biddle.-
" Poverty says an old proverb, makes us
acquainted with strange bed fellows" and the
correctness Of the maxim is most amply verified
by the association of hard money government,
with the greatest rag money" institution in
the country. The circular which publish,
was intended to have been kept profound
eret, and the good people were TO remain in ig
norance Of the whole proceeding, by being well
piled with copious portions Of all sorts of abuse
Of Banks IN general, aad The " Moaster' in par
ticular; but, mos, unfortunately for the success
Of the scheme, some mselicvous " hirelng'' Of
/ the party, who most probably wanted little
fun, " set the ball in MOTION" which in mo.
ment destroyed the fondest hopes of the whole
official clan. The chagrin Of the disappointed,
is clearly evInced by the i'll grace with which
they attempt TO conceal it; and the stormy
wrath with which the Globe threatens retribu-
ton to the ireacherous official who let the cat
out Of the bag, should he ever become known TO
the powers that be.
BY this Development, il will easily be seen
that the Pretences set up by the leaders Of the
Administration, Of devotion 10 a metallic curren.
ey, aud OF " Incorporating hostility to Banks
is but hollow hearted scheme, TO deceive and
delnde the country into the support of me asure
which will net divorce the Government from all
the Banks, but will bind it in the strongest union
! with such will favor aud advance its COM
! pete control over the entire currency and BUSH
ness ofthe country. Could the Sub Treasury
be carried through Congress, there is not the
slightest shadow Of doubt, but that it would be
used as ameans ofgiving 10 a few banking in-
situations the power Of controlling the money
market, by making their paper receivable for
the Government dues, at the custom houses and
land offices, thereby giving them credit which
| would cause depreciation in the paper of those
| institutions which were not thus favored and
those favored institutions, if we may judge by
| past experience, WOulu DC sucn only AZ WOQiu
hold themselves ready at all times, TO use their
utmost influence TO sustain the cause Of the
party" in all contingencies that may arise,
without regard to the tendencies or fleets Of its
measures. Such would be the instruments Sc
lectcd aud used 10 assist the Government, AMI
every expedient would be resorted 10 TO give
them the absolute control over the rates Of ex-
| change in every part of the country. more
| complete system, than the Sub Treasury, to
place the purse Of the nation, and the prosperity
Of the country, under the sway of the President
could not well be devised. 1t is urged, it is
true, that Bank notes would ultimately be ban.
ishee from the transactions OF the Government
that specie alone, would finally be received -
but who, after the developments TO which we
have referred, could put any faith in such state
ments-in assertions made by those who have
been detected in the secret practice Of that,
which, before the world, they have been so
loudly condemning
But, while the janus faced conduct of the Ad
ministration, is deserving the severesi censure,
and ought to destroy all confidence in its pro.
iessiohs, 1t likewise exhibits the triumph which
| honesty, capacity, and integrity, is sure TO gain.
sooner or later, over partixau madness and upiust
persecution; and Nlr. Biddle, and his Rank
have by this circular, wrung from their most
embittered enemies, a confession which bears
ample testimony that all the dishonesty and in
capacity which has been charged npon him
as presidcnt of that Institution, was but tissue
ofthe basest calumny.
o. We have received, during the week
thro,oL a.. n.