Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1839-10-25
From The Windsor Times.
AND BANKING

From the Windsor Times.
HANKS AND BANKING.
III y easier TO pull down than 10 build up
TO find fault than 10 amend and If there
be any interest OF topic 10 which the foreoo.
ing nisSims applgwith a more Than ord;5o.
ry forfe, i is fhatof banking. Wi inform.
ed ie9laC alfparties and classes admit that
the banking system in this State, as else.
where is defective in respect OF the guards
ana restraints requisite forthe security of the
public. The same persons, if left 10 their
own unbiased opinions when called toseth.
er to act in reference TO the subject. would
probably think nearly alike as to the modes
and means Of curing lis defects; if not all.
those at leas which the experience of the
past two or three years has SO signally de.
veloped. as % render them palpable to the
eye OF every man. With regard to the more
prominent aud important of these, we ex.
press it as our bellefihat the Wings Of this
State are as billy prepared to welcome real
reform as their political opponents can be.
And, considering that as 10 all property,
trade, money and whatsoever beeets money
the actual interest ofone member of society
must be dependant upon the operation Of the
same laws and principles that advance the
interest OF another, it does indeed seem
strange thing, on first impression, thai so
much debate and denunciaiion, often ex.
tremely acrimonious, should have been in
dnlged in relation. 10 the condition of the
bank affairs OF the country.-The surprise
ceases the moment we reflect upon the trans
iormlng-and we may as we'll add the de-
formiDg--powero OF party 49, W stas 4zs
All necessary reforms, whether moral or
physical, proceed along quietly enough and
obtain candid consideration. for fine So
soon as they seem 10 be capable of being
made advantageous 10 one class, or injurious
to another, some association or party takes
up aquestion and magniies it and urges j,
upon the mass, and continues 10 urge il, ei.
Their Too fast or too forcibly, until those who
would preserve and notdestroy are compel.
led, as il in selfdefence, 10 turn and stand a,
bay. Ia this wny, Il not 0nfrequenlly hap.
pens that as The reformers, in their zeal, are
borne on todemand too much the opposite
class feel themselves called upon 10 stem the
torrent at the very point where it breaks
forth, les: II should carry away that which
is valuable. Hence, one party makes il.
~~' 49, VI ictOiuf, anu puts Tue
other on the opposing side; and yet, at the
same time, were common cardor exercised
II would be found that no serious differences
of opinion between the two existed and
could not be made to appear as differences
but ior the party hue and character they are
made 10 assume
The foregoing cursory remarks have been
eicsled by recollection ofthe course Of IN
diyiduals and parties in this State in refer
ence to the banks. And now that our op
ponents have made in regard TO this matter
Tnii as u1uea exertion as profit, we hope
that, in all efforts hereafter to be put forth
for reform Of banks and banking. they vii
either OF themselves, devise and presen
some scheme or code 10 that end, or cordial
ly concur with others who may bring for
ward reasonable projects II carefully druwr
and temperately prosecuted, we believe lha
there will be found much less room Tor gu
arreling about banks than has been common
y supposed. ia .