The North-Carolina standard., 1839-12-04
BRIEF SENTENCES,

BRIEF SENTENCES,
Very proper to be remembered at the present
time by all Democrats; selected from the mo-
dern writings of NICHOLAS BIDDLE, Esq, some
time President of the Bank of the U. States
1.-The avenging hour has at last come. 1t can
not be that our free nation will longer endure the
vulgar dominion of ignorance and profIgacy.-
You will live to see the laws established. These
banditti will be scourged back to their caverns
the Penientiary will reclaim Its fugitives in Of
fee; and the only remembrance which history
will preserve OF them, is the energy with which
the people resisted and defeated them"
Princeton address,
at was an original misfortune in the structure
of the Bank, that it was in any way connected
with persons in Office. The instincts OF all po-
ltcal power make that association dangerous
useful to neither party, in jurious to both. =
My effort was. at all times. and at all hazards, to
maintain the rights of the Institution pectful-
ly-learlessly, and calmly-yeldng nothing 10
the madness of popular delusion, compromising
nothing with official power. How that strife
was conducted, you all know; how it has ended
is proved by The events of this day. which rem
ders the Bank safer, stronger, and more prosper
Gus than it ever was. OF that unfortunate asso-
ciate l desire to speak with all gentleness and
forbearance, nor will [ mar the pleasures ofthis
meeting, by any occurrences to the past. He will
soon leave US. He shall carry away not only a
just but generous portion of our earnings; but
then he will depart in peace, forgotten and for
en."-AddresS 10 The stockholders on present.
ing 10 them the Pennsylvania re-ch0rter.
"In the midst of these disasters, the Bank of
the United States occupies peculiar position,
and has special duties. Had il consulted mere
ly its own strength, it would have continued its
ElaE SFafS VIfh III n
Adams after the SUSPENSION Of 1887.
"Of the duties devoIved on the Banks of the
country, the first regards FOREIGN NATIONS, the
second our Own"-B.
THE result of the whole is, that a great dis
as!er has befallen the country-lls existence thus
far is only misfortune, It's continuance will be a
Teproach from which all true men must rally to
save her."-B.
1.-The Bank (of the United states) was the last
to suspend. it will be first to resume" ID
The established credit, large capital, &C., of
the Bank of the United States, render it the natu-
raj rallying point ofthe country for the resump-
ton OF specie payments. ID
Aware that the first intelligence of the sus-
pension would degrade the character of the coun-
try, and subject US to the reproach of bad faith
and insolvency, l addressed you published let
ter, Which went to Europe at the same time with
the news Of the suspension, in which | ventured
to pledge myself for the fidelity of my country
men."-Letter to J. @ ADAMS april 1899.
There prevails notion that the credit of the
country abroad will be injured by not resumine
Not so in the least. What the general merchants
OF France and England desire is that we should
take their merchandise-that we should trade
with them. The state Of our currency is a very
subordinate concern. They know little and care
less about the sort Of currency in which you deal
with the South and West. Besides, who are 10
reproach US with the depreciation of our notes
The English2 But the Bank of England sus
pended specie payments for twenty-five years
ltwenty-twol during nearly all of which time,
every American Bank paid specie" 1.-THE cotton
bag letter 10 J. @. Adams.
The credit system of the United States, and
the exclusive metallic system are now fairly in
the held face to face, with each olher, and one or
the other must fall. There can be no other is
sue. 1t is not a question of correcting errors or
reforming abuses but of absolute destruction, not
winch Ti shall conquer but which shall survive
Let the banks initiate the conduct of the Amer
lean troops at New Orleans, aud keep behind
their cotton bogs-B
There be no safe or permanent resump-
tion until the enemy ii. e. the Democratic Ad-
ministration) is driven out of the feld.-Ib
Until then G e. until the Democratic enemy
is driven out of the fed,) let the banks remain
precisely as they are, that is preparing to re-
sume: but not resuming"-H.
see now. what until now had not seen,
the means of restoring the y"-Letter
to ). q. Adams after vLhe Neso York and other
Banks had 1esOIrsd TO resume in May.
"In my letter of the 7th uItimo, stated nv
belief that there could be no safe or permanent
resumption OF specie payments by the banks, un-
til the policy of the Government towards them
was changed The repeal Of the Specie Circu,