Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-11-15

oil It's lnntlilty as representation of coin
or me necessity for it, Us Il (circulatinS) )mc-
diun."
lncrc can now no l"m@c. he any necessity FOR
l. establishment "i 1t N;:ii"ia. i;aEA 10 reyu-
ia'i tie currency. If such IL necessity eve. ca
is'"d II exists II" '"nc"r. i. Z extract the fol.
lowing iron Il New Iork paper:
From tic Nric York Iryrcss. ..,5 inst.
1hE UNITED STATES BAHk--- We
doubt very much whether The establish
tncnt OF ii National Bank will be brou.h,
forward again Tor ma year. To come -
The United States Bank ha, nov got a
tool hold in this city ami in Il ,lanncr tia,
Is Likely To be permanent. 1t is establish
ed under il LAW of oar State. which. il is
stated, II altered or rriralc,l, cannot aI
iect the banking institutions whici, have
htrn or may bc organized. u;l,!>T it; aud
II tins ~ correct, we cannot ste WHY Inc
charter Is not perpetual. The Bank is
now IN successful operation in rn,s ci,v,
Us we'll as Phladclphia; lis branches are
Established in New Orleans an,lCincinnn,i.
and various other large places. AS soon
as The local banks in .A!abamu. Louisiana
and Mississippi resume sperie payments,
as they unqncstionabIy will in the course
ot few months, there is no reason why
this bank may not deal in domestic cx-
chanS"' extensively. and ut as low rate,
as formerly. We have it from snct an
th"rity rs we arr!n satisfactory. than III,
@rc:' bulk OF ilclt operations here, will con-
Sisti dlecounlln2 tins description of paper
The other large banks recently commence
ed IN .lls city under the present law. and
| tle great charters granted in South Caro-
lana tennessee and Mississippi, will. ,c
y"ili all question, soon be in operations
Most oi them have esiabll.hc,! IL credit il,
EInpu tina: Will afford ;hrln, the ;,rii,,ics
rsH|gs Eb"rS Is ia aaA1 N Yll i,hp.,9 Ij; i
'i'iIars; all which will create Il riyaIr,
ana ii cohprtion that will keep down the
ratc oi internal exchanges 10 n n,iu,
equivalent TO the transportation of srccic.
II the rate OF exchange should rule on
| all parts of the United States at or nbou,
| one per cent, as we think il will, The nc.,
opjeci VIII he 10 have Il drscription of
bank notes that will he received throunb.
| "ul The tnitcd STATES nj par or :: fraction
! uhdci. ~ this can be ELECTED. there will
DC no need Ola National Eauk.
w C are informed that as soon rs ,h,.
oail"1 at the Snnh have resumed sncci,.
payments II Is the intention of the prcscn
tinted States Bank to issue dcsrrip,,ou
"i hHhk notes thai shall be generally car
rem iiIrn'o shout The country, and ,hA; th,y
VIII do his by making them pnyahic il
M" York. Philadelphia, Baltimore, Bns
ton, Cincinnati, New Orican. and per
hops other places. Bank notes With the
advantage OF redemption ut various point,
anu BASED upon the we'll known crcdi, AMI
solvcncy ofthe Unncd states Bank. would
without question lac received every " here.
ana ana World ENJOY perfect conr,lrncc.-
nc liavclllns community would he ac-
c"innodated, and every individual wishing
10 transmit linnGrrd Ga!Iar hill from ono
e.id Oh tie country 10 the other could do
SO with perfect security and wilhou, loss.
Tho convenience to the public would he
very great, and tho advantage To the bank
iEiInensc, as such notes would cn,oy Il cir
rnlauon probably greater than at anv pr.
fiod since ITS establishment under the old
charter. No bank is so well situated to
avuii itself OF this valuable circulation, as
the United states Bank. They have their
branches and agents already established,
and have also credit made lha, canno, he
shaken No new bank can c0mpc,c with
them Ill Ibis particular. for wears. Ic:h;
r'''' Ut: he carried GQnt. us we hnvo M
doubt II will helm Il short time. there will
hot be that occasion for National Bank
wlii>h hitherto existed.