Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1838-10-08
IyseuuuHG. OCTOBER =. 1888,
.ANArlONAL. BANK.

Y o,k Star and by the Richmond Wing, that the sue
cess Of the Wings and even the election Of Henry
Clay TO the Presidency, would not necessarily be fol
lowed by the incorporation oil National Bank Tie
ruth Of tins assertion is demonstrated by the we'll
known lac that many of The Wing parry are oppos-
ed to Bank-a few because they believe such an III
stituiion nexpedient aud unnecessary, and many
others because they deem il unconstitutional. Mr..
lay with tha, practical wisdom for which he IS SO
renalAabie ayows his own opposition 10 the re-
charter Of l5n.t ua'il such time as tie great bo-
DIV of the people are thoroughly convinced oil It's
great utility, if Gifts Indispensable netess"'' LEI
II is the policy Of the Richmond Enquirer ant lis
coniederales to assume that the incorporation oil
Bank will be the necessary consequence of the TIL
umpb Of Mr.. Clay, aud that the true ISSUE before
the people is, whether not they will give new life
10 The tbrlceslan Monster. They choose 10 place
the contest upon this ground, whether the Wings
will or no-beoause they suppose that the pfeJu-
Jlees against Bank, winch they formerly en-
kmded. may be still successfully invoked. not only
10 the defeat ofthose by whom il is supported,
but also to the delinquencies and to shield
from indignation the medtated usurpations Of the
party IN power. In denying, however, that "Banl,
or no Bank is the true issue involved i'll tie APP
proaching contest, we not nnueneedby he slight
est apprehension Of danger in making the contrary
ayowal, but simply by arega,d 10 truth. We know
it would be impossible silence this parrot cry
even il every Wing in the United States were 10 al
fix his hand aud seal TO open and lnefmnabc de
claialion Of wal against Blnh: We should stll,
in despite OF disclaimers, be called The Bank
party" by those who, relying upon the efficacy
oil senselcss clamor than of sound argument uron
the minds Of the great body of the people, hope,
through the lnstrumentay oil these appeals TO their
Ignorant pre- udIees, to effect results which they
would despair of achieving, by an address to their en-
ghlened judgments. Hence it becomes our duty
10 dsabnse the public mind FAR possible of some
OF the false aspects in which this question is made 10
appear before il, by ference in our past
history which, though not very REMOTE are yet but
dimly remembered, if they be not indeed entirely
forgotten as though they were developed in the dust
and cobwebs oil hoar antiquity.
1t has been little more than twenty years since
the last National Bank chartered; and yet not
only are the circumstances which called it into being
forgotten but its paternity is ascrbed party
which vainly endeavored 10 siranee in its biith-
II is now called an init Repabtiem measure aud
of the Ilamonian school. Let us revert to the
law and 10 the testimony, aud see from them wlleh-
er there be any justice in tins allegation, or any
p,opriety in the application oilhls epithet
In lel6, according To the National Register
then published at Washington city, by Joel X.
Mead. himself Republican, the Two Houses Of Con-
gress were thus divided In the Senate, p Repub-
hcans aud IL Federalists: In the II. of L.. IL
Republicans aud G5 Federalists. In those days, ii
may be remarked by the way these terms were IN
dicatve OF principles. and not, now, mere CATCH
words. 1t is appment therefore, that if the qnes-
ton OF incorporating Bank bad been deemed a
party measure, it was necessarily Republican ma
sure, since, that party having such large majorles
IN both Houses oiConsress, II could not otherwise
by possibility have succeeded. And III was a r
PUBLICAN measure in l6l6, we should like to know hy
what process it is tran.ma;od into Federal nea-
sure in.lS33 An old aud approved maxim teaches
rs that though Men mutable, Principles never
chanee-A Republican day may become Fedc
lalst butt is impossible tina, Principle
can thus be revoutionIzed by any lapse of time what
ever.
But let us be a little more particular. We will
see how the different parties voted on This question in
l8l6 In the House of Representatives. there. were
50 in favor of the Bank anl II against it, 81
members being absent. Those who voted, in the
IL. OF X.
Republicans. Fcderotiss
In f,yorof the BILL were 6S and l.
Against II, % and AZ
Olthe 81 absentees, ii appears that II were Fele.
rasts, aud 20 Repubicans-the most of whom il
may be well supposed, were convinced of the alb