Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1840-04-06


with the community generally, of its ben
e6ts. In all its attacks upon that institu-
ton, however, it has never minated aught
against ITS soundness, nor imputed partial
ity or nnfarness to its managers. Its hos
tility has been against it as Bank, and its
object has been its destruction. And this
object has been constantly and persever-
ingly pursued. When the Bank petition
ed for renewal of its charter, the Patriot
opposed it with all its ability and influence.
And when the act Of rechartor was before
the Legislature, it first procured it SO load
ed with membranes and restrictions,
through the agency of Mr.. Field, whom it
| glorlhed for the act, as to render it useless
if passed, and then goaded up its parti
zans to prevent its final passage. And SO
resistless were its behests, that almost ev-
cry locoioco member of the Legislature
voted against it, including both Senators of
our own county This is all history. But
the bill passed Notwithstanding the opposi-
ton of the Patriot Yet unyielding in It's
hostility, it continued its attacks upon the
Bank with renewed vigor and energy. In
its recklessness, it even went so far as to
publish, with prefaratory commentator,
Resolution adopted at meeting of its
partizans in Waterbury, recommending the
people to run the Bank for specie But
all this was -5Sr,erzssgatory malignity. 1t
was mangling the dead carcase of its foe.
Its object of destroying the institution had
been accomplished, though unknown to
itself, by the amendments which it had
procured through its partizans, to the act
of recharter. When the stockholders
came to hold their meeting to decide upon
the question of its acceptance or rejection,
they UNANIMOUSLY voted to reject it, for
the reason set forth in their report. viz:
that it would not yield them interest on
+ their capital. And among the stockho Id
ers thus voting were D. Baldwin, the P at
r riots candidate for States Treasurer, MIR
Baylles and others of its own partizans.-
And now what might have been expected
from the Patriot in this triumph of its hos
, tility, this victory in its warfare with the
Bank Surely that it would have made
f the wellln ring with its hozannas, that the
monopoly was dcmolished-the monster
dead-and the rag barons scattered But
no, it raised not one note of re joicing, but
. stood appalled,, like the wretch who sud-
denly and Unexpectedly succeeds in some
p daring act of villany, the consequences of
. which upon himself, he had not previously
G contemplated. At length, after waiting
till the Bank had peaceably and quietly
y closed up its concerns, and proved itself
;, one of the soundest and best managed in
= situations III the country, and finding from.
:, universal acknowledgement, that the pu b.
q lie had vast deal more inter est in its CO Ii
tinuance than the stockholders themselv es
Il and seeing that the universal execratit IN
of the people was about to visit it for its
instrumentality in its destruction, the p; IT.
riot breaks silence, and endeavors to sore, IN
4 itself from the general indignation by cha r.
O gmg tlA steekholaers Of the Bank with
Z rejecting the recharter, for the mere pur-
pose of depriving the community of bank.
of ing facilities and thus expressing the peo--
lie pie for party purposes What say you to
of this Mr.. Baldwin What say you, Mr..
u. 10 Bayes, and Mr. Daggett, and Mr.. Ban.
20 croft Are you such scoundrels And
i does the Patriot support one whom it has
itself classed among miscreants," for
Il States Treasurer
Id But the Patriot further charges that 90 the
lie officers and friends of the old, are oppos-
~ ed to the new Bank of Montpelier" and
: have used their endeavors to prevent the
lie stock being taken. BY g friends" we sup
es pose it means stockholders. If so, VIII. IT
say you Mr. Baldwin, and Mr.. Baylies, al ID
" Mr.. Daggett, and Mr.. Bancroft, and NJ r.
Clark, to this IT'S true that most oil
these stockholders put down their nam es
- for shares in the books of the new Ban k,
~ without paying in the specie as required by
=. the charter, and may in this way have
A. prevented some from subscribing, lest a
- trick was thereby intended. But sureI Y
- the Patriot would not intimate that the sc
~ gentlemen, who are its lege subjects al I'd
. supporters, intended by any act of then S
NJ to oppose the new Bank But who els e
as or in what other way, have the friends OF
II, the old Bank, opposed the new? As to
Sc St, its &c officers" how have they opposed it
lie Please to specify. Was their dividing of
ne the capital of the old Bank, immediately
MS on the books of the new being opener l.
u, ~, and paving out thereon SIXTY THoUsAN D
sh DOLLARS, into the neighborhood, evidence
to of opposition Was their constant prac-
nc; ne tice of paying specie for the bills of other
IN Banks, TO those who wished to subscribe,
n proof Of orfo-fion? Was their willing
- ness to discount short paper, with their
ne remaining funds, to those who wanted to
Mt subscribe, evidence of hostility? If so,
an then indeed are they guilty Of the charge.
he And who is it that makes these charges I?
Is it one who by his long cherished friend
ship for Banks, has proved himself worthy