The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-10-01

received Tor his crop, Viii beesme oepTeoiaI>
ed in value. The banks are the institutions
OF the people, made by their laws. and for
their benefit. A bank is like market-a
place where surplus provisions are carried
and collected TO sell and SUPPLY those who |
Sant to buy. So, also, bank is place
where surplus money is collected and de- /;
posted to lean and supply those who want
10 borrow aud need the use Of money. One
man has has money idle, doing nothing
another wants aud needs the use Of II for a
time thus, the mouey benefits him that
lends, aud him that borrows. The active
circulation oil money is necessary 10 dItfuse
general health and comfort, like FREQ air
and running wafer. If an incident man sets
all the year idle, his labor and services are
lost to hmselt and society; Just so, If one
hundred dollars be locked up and lie idle one
year, It will be useless and Improbable all
that time to the owner and the country.
The friends Of power and privilege, who
repudIate equal rights in money matters,
have asked 10 this debate how will demand.
ing and esactlng gold and silver for the Gov
eminent injure the banks and the people I!
The answer is ready. Ulll tell YOU -
Just as taking the solid foundation from I'M
der house would cause II 10 tolter aud tall.
just as taking The iron off a plough would
reader that instrument useless. just as
throwing the ballast out OF ship will cause
her, IN a storm, 10 cspsl2e. The specie ~
bank is the ballast that gives credit to The
cargo and confidence to the crew The
I ba Hast OF ship Is often OF little relative
value, and We, it will safely stay the ebbs
and flows Of winds aud waves, and gives GER.
ialnty and security 10 valuable stock of
goods, aud bulls of lading worth millions
He that is at the head aud helm OF our good
ship of state, should see that the ballast IS
properly poised aud equally adjusted, The
standard bearer should perform his duty IN
such a manner as to uphold and regulate
the currency for the Government aud the
people. The silver beam and golden scales
erected BY he Constitution, as The true stand
ard Of Uniform raite, should be so held and
used as 10 usish out equal and impartial
justice 10 all men but do not eerveu the
object, and abuse the trust, by using one
klud Of weights and measures for pririieged
orders Of office holders, and another kind OF
lighter weights and smaller measures for
the body OF the people, who constitute the
bone and slnew OF the country. The Gov
eminent is the trustee Of the people, and ]
cahnol consent that the agent shall have a
better currency than the principal, or people.
4 Those who are hostile TO Ell corporations,
allege ard charge that they are created for
the exclusive benefit OF The company, and
to the great injury Of the people. Is this
allegation true, or NOT Let US examine.
/ All corporations ought 10 BE- Cor the general
benefit cf the people first, and then lc- the
private benefit of the company. For in
stance, a railroad was generally wanted
from Washington TO Baltimore FORTY mIles)
for the quick, cheap and easy ,rensporla.
tion Of l,ade and travel The people were
unwilling TO pay high taxes TO construct
such road, and therefore they contracted
ruth pirate persons at their otrn expenses
to build rall road for the uSe Of The pub.
lie; and agreed that the builders. 10 con.
sideration Of the work and labor done, and
money expended thereon for the public use,
should pay and reimburse themselves BY
charging those who used the road a certain
fixed sum, or legal toll. Now, the public
derive great benefit from pirate work,
and the justice and equity OF the plan con
slsis IN, mo use, no pay" None bu!
u I'M b.A "a
Before this road vas made u5der the char
ter granted, i. took wagon laden with
produce two days TO 90 10 Baltimore, one tc
trade, and two TO return, that IS five days
Nov, on the railroad, You leave al SIX il
the morning, and ia two hours you are in
Baltimore +; you are allowed from elsh, IN
I'll four o'clock (all the business hours) 10
trade, md then return the same day from
mai ket. Ii any business maa can nov do
IN one day wha, formerly required FIVE days
then presume the people derive Essential
benefit from such a corporation. II II be
true that "fims is money" then four dol
lars out Of FIVE have been saved 10 the PEG.
pie by The company. presume not one
railroad IN the United States has ever been
made but by Incorporated companies; SIN.
gle individuals haye not sufficient capita!
II requires " associated wealth 10 con
sirucs such useful public roads, on which
time and space are so easily conquered BY
the power OF steam. Banks are similar IN
st'utions: The fret OBJECT is 10 supply
fhe people generally OIL Of prioaie funds,
with sufficient quantity OF sound curen
cy Of specie PAR value; and, 10 cansidera.
lion OF Doing this, the bankers are author
laed 10 charge those who borrnv their
notes certain interest, fixed BY Inv, for the
time they enjoy their use and benefit. The
pubic are benefited BY the company for.
nishng capital and currency to the coUn.
Try. No body pays any iu,ercs, for the
use Of bank notes, bot those only wh1 Dol
Hatariiy borro,1 them. The people are not
taxed 10 raise this capital, and no person is
Obliged to receive bank notes in payment
Of debts. Their character and currency
depend On their good behaviour. Bot IT
Is The particular duty Of the Government
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