Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1840-04-18

high contracting parties" is broadly charged
to have involved rot only Mr.. Van Burep's
abandonment of such old friends as Mr.. Rives.
.uf Virginia. aud Mr.. Tallmndge, Of New York
on this question, but his abandonment nf Col
Benton on the subject Of the Cumberland Road, I
the Salt Tax. and other rnor measures Blu
we will cOnhne ourselves, in this place. TO con-
sideraii0n nI the eft cts uf this measure in re.
terence 10 the business. the Interests aud the
institutions of the country.
Preliminary to This discussion. il may not be
improper 10 remark, that whatever Of merit OF
dame ril may attach Ia what is now deemed all
excess of the hunkng institutions Of the States
= whatever of good or i'll Consequences ma,
have resulted from their operations, The party
III power ~ Washington, aud the same party III
power in all OF the Western legislatures except
Kentucky, are e"t,ltd In the praise or the cen
sure. The Wings, taken as budv, were con-
prIlcd 10 behold IN sorrow. aud bewnll wi houD
sympathy, the destruction Of an institution
which had always answered every purpose OF
e ance. nor we've their voices. even irined ns
they were hy the more ccnsderale friends OF
General Jackson, sufficient to prnruGe The sn
lar promised in~'i'ui ION "rUmhlunp its udvan
'aar-, aud av"idug IT'S dangrr," The leaders
+ the party had determined ON the State Bank
~ hl'u I'l 'IlU w lU|S CDlIlIDilitt'
an speak from ofica! as we'll as personal
knowedge, Of the party appeals which were made
10 create u bank in our own state even at the ses.
son before the one at which the present one was
chartered. The Legislature was told hutthe demo-.
cratic party in other States were in favour of the
measure that they already had heir banks, and had
tie public depnSes to hank upot; and it was urged
utttp only n n in tba antin IN
and policy of the Federal Administration but as
me which would rebound TO the interest and sdvan
lage of our citizens, in furnishing an ab4ndan! cir.
ruuring medium of our own. How far this pre-.
dicion has been fulfilled, we need not stop to err
quire. We desire only TO repeat that, as Wigs,
were comparatively pOwerlesS in its creation--
that it's structure and details, rs well as its subse-
those who promised much from the destruction
"f National, and the creation of State Banks.
Or own Bunk, which was crelted+ at the ses-
sion of 1885 7. had been attempted but was de-
frn,rd.~ in 1884 s. Those Of the other new States,
Indiana. Illinois, Ala5ama, Mississippi. Louisiana,
aud Arkun>nS had been previously created. by Leg
slatures friendly TO the federal administration,
t" our OWN to sell their sruck> and bonds in Eu.
rope, or any where else that muney could De OBJ.
aimed Whatever objection was made to the delu.
>ive and fictitious appearances which this rapid
influx Of bank capital and bank cirulatinn wa, cal
uaed to produce whatever apprehension was eX-
dressed in reference TO the utimaum Of that sys-
tenn which was expressly designed TO render money
t,ia in
the very crisis Of W. Van BQren'S cqnraSs fer the
Presidency. was answered by the official messages
of the late President. thai all was we--heipr. IN
deed, with the STATE BInks than with National
Bank In confirmation of what we say, we ask per-
mission quote fr IN those documents for thu three
wears preceding the election Of Martin Van Buren,,
Turing which tim. tho experiment was parposely
oH>hcd to The extreme of iuia1on in order That tAe
abundance Of money, and tie rise ia property aud
lahuur might deceive The people into the belief
that the approximations Of the Wings were Mt least
sroundlrs<, if net tuctlouS. No candid man will
u0,p say, that he country was not thus dareivei--
aud. here again, the friend, who would defend the
integrity of the late President must admit tina he
90. was decei1"d
FromPtesdant Jackson's Message, Dec LIST,
1881.
"IIappilv it is already illustrated that the ng.ncy
Of such an institution [as the u. s Bank , not
necessary to the f,cll o ,eratiunS If the Govern
mrnt. The State Banks are found fully ad.qusls to
the pcrrorrnrp of all services which we're REQ fred
If the Bark uf the Uni.rd ates, qnitrns pruuut v
nd with the same chenpnc>>. Tlev maintained
themselves aud discharged all these "a les while
he Bjnk Of ihe United States was still powerful,
and in the fed as an open enenv; ard III. not