Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1839-07-09
BANK MONSTER aBANKl-

NOW pitching tune TO BE sung 10 can,ic.s bv the
Office Holders from the Aroostook regions Of Maine
to the Falls Of st. Anthony. The Eyeung Star
and The New York Express forsooih have express.
ed an opinion that the arrangement Of he Dones-
tic Exchanges is TO undesirable too be borne, end
that II was not when there was a National
Bank The Richmond Enquirer boo hoo-oos right
DOT in holy horror, whereas the Globe bring up
the raw head and bloody bones ofa National Back
While the Argus is ,icked TO death that the Wings
are going for a monster
The Quackery which these Court Journals of the
Government palm of upon their political patients
would be amusing were IL not for it's ptisble con-
| sequences upon the country. Whenever Wing
Press speaks OF the disorders Of the currency, and
proves the fact that the Consumers Of the country
off the Atlantic sea shore paying ten per cent
for wan, ola proper currency the cry of the Doc
tors OF the Court Is, go well, what If you sick
There's the Monster Monster Monster "
The People Of Mlssissippi who pay 3 aud 20 per
cent more for their goods than they would pay,
with such currency as Washington created, and
the present Administration destroyed, are 10 be
consoled with the out-cry eta Monster."--"an
awful Monster"--"that horrid, hideous how ling
! National Bank, :" So the Planter, Of Tennessee,
with his Negroes about him. clothed in apparel ten
| per cent more than ii would be with National
Bank, is TO be assUaged with the reflection, that
1t is geat deal better thus thaG it would be with
this National Bank. As whole families are broken
up in Alabama Florida and Mississippi by the
Sheriff., their consolation from the Court continues
| so be den0ncation of National Bank The sick
| or the patient, the rule seems to be, "physic him
the more with the cry of n Monster. BaDk."-
Richie scares he Van Buren, Southerncrs so that
his there feel about as tckeish around the
neck when be cries Bank Monster" 'Bahk,' as
old People wont TO feel when the cry of
| 'Tarleton Tarleton,' was rung aboad. II has been
wins pered there that Mr.. Ritchle's readers when
their children very bad. do shut them up in
dark holes, and squall 'Bddle, Biddle, over them
so as to scare them rood. 1t is well, however,
| for The Southern and Western Van Buren, men to
understand The position Of the Wings of the North
upon the subject of a National Bank. No move
ment upon this matter will come from this quarter.
II we are not content with things they are, we
have ten thousand more reasons for content than
the South and West. Our New York currency is
now the currency of the Union. A South Caro-
lina Bank Bill will not buy dinner out of
Wall street but New York Bank Bill commands
any thing any where. Upon the ruins of "the
Monster" has grown up the currency of our Banks.
At the door of the European World through which
must rush almost all its money operations take
the toll for all the Union. and the South and West
must foot our Bills. fthe People there con
tent with having dollar worth from only 80 to 80
cents 10 New York, we can better afford TO be con
tent than they. If they satisfied with a table
of Domestic exchanges such as we presented the
other day, we ought not TO complain,
The currency of the middle states is com
pac. and sound. The banks of all New England
keep their funds in New York aud Boston, ant
these cities act regulators upon the country
bank issues to keep them in trim. The New
England and New York banks now really have lit
tie national banks-an Imperium in imperio which
keeps their currency perfectly sound. aud the Do
D nestle exchanges in good order-and the specl'
which is The basis of their vast business circulation
Is not The DamarIscotta or Audroscoggin--ol
the White Mountains by Lake Champlan, bu
in the vaults Of Banks in New York Boston
, where 1t answers all the purposes Of General cir
culaiion Thus we do very well for so far as on
circulation is concerned with the New Englsn
National bank in Boston. aud one or two New
York national banks in n. Y. We are not the
anxious 10 make a movement for our own home cir
culation-for we not in the deplorabe cond
ton Of some of the south western states Of tn
Union. We can endure this state of things 4 the
can.
Whenever however, we look 10 the whole cour
try. or To its counexion with Europe, we see ,h
full hopelessness Of the existing state of the cui
rency. The remedy of the government is the sui
treasury-exacIion Of the taxes at the custoI
house in specie-cutling loose from all banks
trusting the spe:e thus extor,ed 10 sob treasurer
with legs Even the Richmond Enquirer admit
the hopelessness Of such remedy. Every bod
that knows any thing Of business, who does NJ
knoV enough to be political hypocrl,ical Rogu
also knows such remedy for the disorders Of N
currency TO be but qasekerg upon he people viii
out a reason for it. All We propose to do IN OF
press is 10 exhibit the condition Of The currency
il is-to show The Mlssovran, Missssipian. Ter
nessesn Illinoian and others what they pay for III
wsn, of such an Institution as George Wasbingto
and james Madison approved.
II is time for the government we think official
10 show it's hand. II it means sub-tressusv let
know H. and let il begin to practice what It pTescl
es. As the present state Of things IL, for lare
portions If our country, almost uncomfortable. y
shall continue with eli the Power We have, 10 e.
pose il, and cry out sgsas; it-snd If Direeto
Of Banks ike Mr.. Croswell. ean hsmbug the PEI
o. pie for their benefit, 1t shall moi be faut-as
Il Mr. Rdehie can fnghlen bis Vifgaisns into sgS
a scare CROW, We can only lament the degradsil-