Piney Woods planter. (Liberty, Mi. [i.e. Miss.]) 1838-1840, 1839-11-02

| n ItAIiONAb DANh-IL WOuIu SUI pIISC
us to hear the federal organ prose bout
| the cxpediency of creating national
bank at this moment, if any thing from
that source could occasion surprise.
The United States Bank has just fall
len to the ground amid the rejoicings Of
the people, who arc universally con-
vinced by the mischief produced by
that institution of the danger to which
a renewal Of its powers would give
rise. II is useless to allcge that the
late United States Bank of Pennsylya-
MIA was not national institution. Al
though not chartered by congress, it
possessed degree Of influence over
the banks and currency ofthc country
equal to whatever it had under its ma
tional charter. 1t had established bran
chcs in every state in the Union, at
least wherever it chose to establish
them, and wherever it was believed a
profit could be derived from their ope-
rations, Its branch here had absolute
control over the banks and. currency
of the state institutions, and little more
than twclevc months ago we beheld
committee representing the banks Of
New Orleans supplicate in the most
terms loan of paper mon
cy from the great regulator to serve as
circulating medium in this remote quar-
fer of the Union, and enable the insti-
tuhons chartered by the legislature Of
Louisiana to transact their ordinary
business. The petition was answered
n style of an eastern despot: 81 will
to relieve your distresscs
out of my immense condescension, and
will import to my faithful people of
New Orleans from my boundless store
| sufficient portion Of bank notes to
their commerce from destruc-
ion, and save them from the ruin that
S hanging over them" This was the
INSTANCE of his reply and not far re-
moved from his words. Biddle himself
las frequently declared in his pub
ished correspondence that his institu-
ion was made stronger by the state
harter than it was before, and express
ed his satisfaction that he was at
ength freed from his onerous connex-
IN with the general government. II
nonsense, therefore, to suppose that ia
ank incorporated by act of congress
'ould be a whit stronger in itself or by
$ management be more deserving of
ublic confidence than the one misna-
led the Bank of the United States.
hartered by act of the legislature OF
ennsylvania.
The bene6cient effects of a national
ank!!! This Is the never-changing
leme Of federal defamation, and like
Re federal victories in anticipation,
e hear the same assertions repeated
! facts transpire which render them
diculous in the eyes of all mankind.
ne federal papers speak of the GER
inty with which Mr.. Clay will be e.
cted to the presidency, after he has
'andoncd all hope himself; and with
like assurance they speak of the
ess!ngs which national bank would
nfer upon the country, while they
cord in the same column the wide
read desoIation which the late ma
nal bank has effected! and while we
I'd IN every newspaper that arrives
I'M New York declarations from men
all parties that had the United
ltes Bank continued to exist week
ger, the monicd institutions of chat I
must have suspended payment of 7
'cle! In other words, the banks and \
'rency of the commercial capital of c
United States are preserved in their :,
ndneSs by the destruction ofthc in.
ution, which we arc gravely assured y
aPabic of dilfusing security and con- .
.nce throughout the world orfnance .
The Bank Of the United States fcN =
interfering at elections and inter. n