Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-11-14

OF the PrR{ef Baaks is . sefot ssIH..t.-.
II supports tie President and controlling =..
5Hr Of ifem IS neNl Governor 81 Fifsfal5
5 as. - Gle Batks did wrong but tn ID. =
although he approved aId 10.
tn wong aet,--an act winch. M
pl4iop 81 he Star, entitled tsese by whom, it-.
10 the eplthels of fogues aud smlun.s=
Brock enbrouch 3" d,sapproves the ,rrors dat
me system. and desires 10 see its abnses COO.
We certainly know Of no one who has reef,ei1,s
abuses nofe ,han DIR. i aud # be doe.
prose Of lbem, we challenge LIS friends to to-
the record in which that disafprobation ha.
manifested. The provisions of the bill brunei,
waid, and forced through the Legislature las, a..
by the LOCO foea panty, for hlis alleged oar.a,
have been aulhoftatively assured, was IN dIfs,
position 10 DIR. Bfockenbroueh's wishes. nd
know thai lac urged upon the stockholIcrs ~
Banh, lfhen general meeting, TO refuse To s..
the new charter. with allihe absurd aud nou,e,...
restrictions incorporated in it by the wisdom of..
modern dddm .SoiitfSi in the upper and lower bo,.,
Where, lhcn, We ask again. is the evidence Of Il.
disapprobatlon Of the eliors and abuses relfftcl
by the Star II cannot be found. But i-sr
true, IN hat an unensiable prelicament is I7f' p
placed by the assertion, If he is aware If RI
existence Of errors and abuses in the system,
ought TO have used some cxerion,-and lis MAN..
and position would have given great meiehllo his.
pinlons.-to have procured then teclifcatjon H.
lie ever done so SO far from il, think il can.
shown, that under Ills eye errors aud abuse,
have ciept into The administration Of tie Barl
which not imputab'e 10 The system a, all. h,
which are foul excicscenccs upon It, and the ems,
qnences Of mal-adminislraon alone. We 70 l,.
iher, and say, that the Doctor, if he disapproyc
lhese errors and abuses. aud desired their conceu
ought not 10 have grown rich upon them.
Christifn priest cannot minister heather aha,
declaration that he dsappreyes Of the "eaors ,i
abuses" Of the idolaters and sincerely desires TAI,
lirpaic them. The wages of iuiquiy would slil. D.
ia his purse the wages fpi which only he cost.i
10 give counlcnance to these "errors and abusc,
The Star is sometimes ingenious, and always 81
confident; but think it will task its utmost sAa
to show that Bank may be a swinder while tho.
who cont0t The Bank are honest men
Co. The Valley Star says, that we have dprrr
ded the act # suspendng specie payments on ho
part Of the Banks. in the abstract. This is notle
case. We palliateJ the act of suspension only updn
the ovenuling plea oil a stern necessity, precise,
we should have done in the case oil an ndHidu
meicAant, for example, by some unforeseen ylcsi
tude may be cut off from his anticipated resources
at the very moment whrn his own debts nay Ifs
heavily upon HIM. lis Liabilities. calling for INN
date liquidation. may amount TO 100000 ard he
may show aSsets TO double that amount. Yet If IL
IS unable 10 control his funds--ii those who owe ha
ale unable to fay, he, too, must Stop. Bur IS he
necessarily therefore, a swindler and rogue NI
one viii be luo-hardy enough TO say Nj
Bank " hose assets, in the shape nfreal es'alr n
goiable notes. &c. amount TO Greaiersum than ''e
aggregate fins Liabilities, any more serve the
foul epllhets, because II cannot pay upon the osa.
all It's promlssory notes in specie: And the fact lht
in the organization OF Banks, il is always ceuie0,If
ted and allowed that they may issue more prom.
~ notes than they have specie on hand Is sul1urr
evidence that it never expected that they sbog
be prepared TO meet such demand An ludro.I
may owe heavy debts which he is unable 10 PES
on demand IN money yet if he has estate mos
than sufficient to pay those debts. his soseney
questioned Why is not Bank, similarly situate.
entitled to the same justice