Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-11-22

nress. This is to be effected by the issue
Of notes by the United States Bank of Penn
sylpania, payable at different points IN the
Union. Of course, notes Of that descrip-
ton will be preferable 10, and more valuu-
bic than aay other description Of bank pa
per. Toa considerable extent they must
supercede the circulation Of the ordinary
State Banks. The latter will have the
privilege of furnishing specie, whenever il
may he wanted; while the U. 5. Bank will
be operating upon its credit!
In reference TO the tnkering with the
currency by the party in power, and their
fierce opposition to a national bank, we
beg leave to "tell a story"
During term Of the Supreme Court Of
this State, some years ago, the learned
and eloquent, but eccentric Judge H., with
q brother Justice, occupied one OF the rooms
of our office. One mo rning, by the dawn
of day, we overheard them busily exami-
ming a case connected with the Statute OF
Limitations, about the construction of
which it was known that some difference
of opinion existed with the members Of
the Court. On this occasion the two Judg.
es in question differed. Judge H. bore
down upon his brother Justice with his SUI
perior learning, 10 bring him over TO his
way ofthinking, but without success. He
piled him with arguments and authorities,
but his coadutor continued obstinate. At
last, wearied out Of all patience, II. cx-
claimed, dwell, do you and---go on
land presently you'll play HI" This
energetic caution had the desired effect.
The party in power have gone on, and
gone on, tinkering with the currency and
waging war against the banks, until
through their laundering policy, State
institution has risen up, Of intellectually
greater powers for mischief, should those
powers be ever exercised, than the old u.
S. Bank, or than any tolerably we'll regu'
lated National Bank
Are not the state banks just as much in
power and grasp Of the United States Bank
as they ever we're?
Is not Mr.. Biddle more "Money King"
now than he ever was?
Who shall prescribe limit to his ope-
rations? Not Congressman the State
governments. He is wholly independent
of them.
We have seen no indications of dispo-
stion on the part Of Mr.. Blddle to abuse
the vast power he possesses; we do not
think he will abuse it. But between such
an institution as his and a well regulated
Nationdl Bank, who can hesitate? Which
of the two would be the safer institution?
Should National Bank, however, in
process OF time, come TO be regarded as
the least of the two evils, we doubt very
much, whether it will be possible to get a
charter through Congress, PennsyIva-
MIA will probably be opposed to it. Mr..
Biddle's national bank will be in full blast,
and it is reasonable TO suppose that all
his influence will be thrown against pro-
ject for the charter of one by Congress -
Besides, how large National Bank would
it take TO cope with, regulate and keep Mr.
Biddle in subsection? A Monster of the
first magnitude, it seems to US, would
have his hands full to keep up with, much
less control the Pennsylvania esquire"
Ii has been suggested that the Admin
islration will probably form an alliance
with Mr.. BiddIe. Strange things have
come 10 pass! Their present alliance
with "John Catalina Calhoun" for in
stance. As Mr.. Richie would say, Nous
Verrons.--NaShuille Glenn Banner.
MONEY MARKET-ClTY NEWS.
We doubt very much whether the estab
lishmcnt ola National Bank will be brough
forward again for many years to come
The U. S. Bank has now got fast hold il
this city, and in a manner that is likely Il
be under law of our State, which, it is sta
ted, if altered or repealed, cannot effec
those banking institutions which have beef
or may be organized under it; and ii thi
is correct we do not see why the charter i
not perpetual The bank is now in success
ful operation in this city, us well as il
Philadelphia; its branches are establishe
in New Orleans, Cincinnati, and variou
other large places. As soon as the bank
in Alabama, Louisiana ard Mississippi re
sumo specie payments, as they unquestiou
ably will in the course of a few month";
there is no reason why this bank may nc
deal in domestic exchanges as extensively
and at as low rates as formerly We hav
it from such authority as we deem sats(ac
tory, that the great bulk here of thei
operations, will consist in dscounting th
description Of paper. The other urg
banks recently commenced in this cit
: under the present law, and the great cha
j. tiers granted in South Carolina, Tennessee
= and Mississippi, will beyond all questio
soon be in operation. Most Of them ha,