The North-Carolina standard., 1840-08-26

1832, took the field against the CIovo.oales n'ales
was the policy OF Mr.. Bddle to mal,aN iln'ent
State banks parties in the war, and sn%h Ns alltk
not voluntarily inclined to enlist, wers G as WEI
to it; and since that time, and par;icna ,J.eeah
the President recommended the divnra!y Sine
Government from the banks, the latter h., Of th
garded the Administration us hostile to 10 1S'e re
terests in Withholding the special and nn snelF In
privileges, which, in lieu of sound basap psEaIar
own. on which they should reIy. erahIsJ Inet
to substitute the credit arising from the NV 'GeN
public revenues and the faculty of furnish A'
currency for the Federal Government I"s il
ton to this, the Democratic party in all tho "uQ
have arraYed themselves against the ,bn""F "saF'
the banks and their grasping, specuIatinn GsVS
nopoliZng spirit, which ever overIeans ;,ssnES @S
To strive to check the extension of er.In.:
privileges, and to oppose their abuses has ans
been regarded by those enjoying sue priyI"cE iiIIaE
as an attempt to destroy them To copdem"SS Ss
suspensions of the banks, to hold them resna. ale
bic for violations of their charters and %"sF
consequences Of the sudden expansions and ". u'
fractions whicht they have brought upon the cov. e
try. is regarded by them as making war no'
their rig hts and privileges. To oppose tboir
travagant pretensions, and to resist their a,tsrO
to render themselves independent OF the nponIs
and Of the power that created them, has bpaS
treated as a high handed outrage, copstrm'r
the objectionable sin against bank suprem,rgs
| called Loco focoaSm.
From these circumstances, as we'll as from,b,
very nature of incorporated wealth. invested waf
special privileges, the whole banking svsem -
the country has been arrayed against the Dem
ocralic party, and the Administration. Tbsn
the true source Of Wing power 1t is the nor
er and influence fthe banking system, wilbG
ten thousand directors, its six thousand bank
fcers, some with salaries OF Ten thousand dolla
per annum, its five hundred thousand slockbJ
ers, and an equal number of bank debtors
The speculating class of these banking eaf
| lshments have stake in this conlest-Rucba
want restoration of the deposites and the prF
lege of supplying a currency for the Frda
| Treasury The mass Of this Bank party wan,
| National Bank "regulator" of the currenc
the business and politics of the country Ths
advocates of National Bank, and trading Sn
banks, are deeply interested in this present slru
gle, as, in different forms, both wish 10 rqslc,
the connection of the Government with the bar
ing system.
There are two classes of men having DEE
sake in the struggle now going on in the coul
try-the ofire-seekers, who are the advocates
the new banking privilege ofcredil without means
and a monopoly in currency-making wihou
the check of convertibilIly. The one is contend
ing for plunder, the other to enlarge and perl
petuale their exclusive privileges. Not satisfied
with what they have got from the STATES, and lhd
ascendancy they have acquired over them, hl
banks are determined to subdue The GovernmeG
of the Union also and render il dependent Oh
their will, and the humble instrument of thH
power.
These two classes have combined and formed
a joint stock concern in trade, one furnishing mo
nev and the other its services, and are making
most desperate struggle for supremacy. HeOc
it is that the objects of the Wing party are so st
diously concealed These are objects that W
not do to disclose; they must be concealed fori
the public eye. The leaders know that Ihai
are objects in which the mass of their own pn
have no interest and, SO far as respects the pu
pose OF the banks, they know that the gra
body of the people of all parties are no iOn84
their dupes or pactisans.
These two classes have Sufficient influence
they are forced 10 disguise their real mOiva
and hence we witness the strange spectacle Of
violent struggle going on, and tbs deepest d
without any appare object or purpose WhaIeVf
This is Unprecedented in our history New
before has there been a great contest, when nT
essential points at issue between the two Pafls
were not distinctly presented and fully dIscuSSr
This was the case in 1900, and at every SUD-
sequent contest. The people knew tor Wha
they were contending on one side and the Other
and could loresee what were to be the cons'
quences Of success. But can any man now 10
the Opposition tell what results are TO follow +
their success2 What policy or measures az
to be adopted should HARRISON be elected? MI
WEBSTER said in his speech at Baltimore, Ih'
change" But is This cry for change oil na
or measures2 Is it any thing more than az
for office2 If it is a cry for reform, n'
change Of measures, why did not Mr.. WEBSIEI
point out those measures, that the people mISI
Judge whether they would be salutary OrOS'
This he did not do, and dared not do He KOS
that so far as there was to be change Of m''
ures, it was change which the people, e'a
among the Wings, could not approve. It ."
to be change for the benefit OF the frauaus'
among banks and capitalists, and not the PsCps
1t is in this way the banks are to be paid Tor 'sn
influence, and their money used in carrying
on the contest. And whilst the office seen" 1e't
of the banks are contending for thir own SsII,n
Objects which they are obliged to conceal s;',
from their own party, they are enaea'Ulh" ,h.,
to carry the people along with tbem' "E
gull-traps and humbugs, their silly SnO"a Sns5@
violent assaults, bold assertions uIu
dacious Ealsehoods fierce denunciatIons, anu y