The North-Carolina standard., 1838-09-26
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The northern federal presses begin to talk about
a National Bank as a matter of secondary Impor-
tance Indeed, if the South is opposed to it, they
will not think of such an establishment. Now that
the eyes of the people are opened to the falacious
importance attached to great regulator; now that
the people of the Union becoming sensible of
the gross deceptions practised upon them for seVe
raj years past-the establishment of Bank which
the federalists told US was essential to our exist
ence, is to be apparently abandoned in order that
federal party may be built up at the South.
So this institution, which the federalists declared
should be established, at the risk of revolution they
now pretend is not so necessary after all. They
begin to see that the State Banks, under proper
strictions, will answer all the purposes of trade.
And what makes them begin to see it? Why, they
know that the people have it already and that
it will be in vain longer to attempt to cheat them
by declaiming for great regulator.
The friends of the Bank of the United States de-
cared that institution have been the active
of the resumption of specie payments in 1S16-and
also declared that the State Banks never could re-
sumo till National Bank was established. The
United States Bank Of Pennsylvania, acting in the
capacity of a Regulator, which Mr. Biddle declared
TO be 'stronger than ever" lead the way stop
page of specie payments by all the Banks. The
President of this Bank, in the most benefcent and
atherly manner, told the people that he suspended
NOT because he was obliged to do so-but to ac-
commodate the 1oedker Banks, and that he might
be enabled to lead the 1ray to an early resumption.
What have been the facts? The thirty-ive mil
lion Pennsylvania Bank of the United States, did
not stir in the resumption, but after the most ini-
quitous use of irredeemabe paper, Ito such an ex-
To- h,y tbo of
the United States,) was compelled by the example
of other institutions and the force Of public opinion
to fall in with the measure. Thus the great regu-
lator regulated into its duty by the other Banks.
These are recorded facts which the people know
to be true.
Under these circumstances federal effrontery it.
sefis at fault and they now pretend that the Bank
is not necessary, in order to wheedle the people
into the support of CLAY, and others, pledged to
the Bank policy.
We trust our friends will not be deceived by this
last trick of federalism So surely as they obtain
the power so certainly will they establish Nation
al Bank, regardless of the popular WILL the rights
and interests Of those whom they denominate a
"mass of ignorance" We call upon the people to
examine with deliberation and care the conduct
and attitude of the contending parties. To remem-
Der the deceptive camors raised by the federal par
ty to delude them, and the rarious aames they
have adopted to deceive them.
We have no fears for the result. We believe
with contemporary "that the result of the present
controversy will PROVE in the complete and glori-
Gus triumph of the democratic cause, that the peo-
pie are yet sound in their political fah and true to
their real interests. The actual, bona de prosper
ity which the country at this moment enjoys, puts
open shame the reiterated panic cries and alarms
of the federal orators and presses; and nothing
should sooner convince the great body of the peo-
pie of the hollowness of their professions, and
gender suspicious as to the beneficial tendency of
their real designs. than their hG6itmGl unOilting
ness to admit the actual prosperity Of the country
That cause which can flourish only when fed by
commercial and bank disasters and revulsions, is
not the cause of the people,"