Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1840-04-20

mind winch lenuS MN 10 regard the lnct OI inc
recharter being rejected AFTER frecman's meeting
and AFTER the result Of the election was known,
as evidence against the Wing portion Of the di
rectors OF political design Men of ordinary
common sense would consider that fact as evi-
dence TO the contrary. should think that IL Il
political effect was intended Ivy the Wings by the
rejection they would have brought 1t about before
the election. Political parties design by their acts
10 affect the elections and il is singular way to
do this by operating after they take place. This
very fict that the rejection of the reclarter took
place after irceinnns meeting gives the lie to ali
opinions or statements of Il political design III
either party. Nor is there any tact or circulh-
stance TO warrant n belief, MI. Buyies opinion
10 the contrary notwithstanding, that if The fall
elections had terminated otherwise than they did,
that the recharter would lave been accepted
The reasons assigned for its rejection, in which
the entire honrd of stockholders lCcoloco and
wlig, concurred. were subsinuti aud sufficient,
and forbid such ldea. But it is true, neverille
less, that the results of the fall elections did affect
the wing portion of the stockholders. 1t furnished
mn additional reason with them for rejecting the
rcchnrier. Aud they hai the nlanness to nvow
it at the time, and to publish it to the world. And
why should it moi have affected them; They saw
by the return of only two wing, to fourteen loco
foco representatives in the county, that The Trades
of The Patriot against all banks, and those connect
ed with lhrni, which constituted its only topic oi
cence ia It's abuse Of such bank men as Mr..
Baylies--had 50 much eXcited the jealousy and
dsirust of the public mind, us 10 render any con
nection or interest ia bank rrproaclIiul. But
let us hear what they say this point in their
published Report. After setting forth the reasons
for rejecting the rccharter in which MIR. Baylles
himself, nnd all the other stockholders OF both
political parties united, the Wings add the fol-
lowing:
"There is another reason, and one your com.
mittee will not forbcar to mention, which of liseli
would influence them to make the same recon
mendation. 1t is notorious that for several years
past, the subject of banks has been made, by Dem
agogurs, a toric for political agitation. AMI in
their attempts 10 excite the popular prejudice
against tlIen they have not ceased to apply every
apr oprlolis cpiihet, well to the managers and
stockholders, us 10 the institutions themselves.
This might all have been endured with patience
had the whole body of respectable citizens, who
know the injustice aud iasebood of their abuse,
rebuked the caumna,ors and thus left their infiu-
ence upon the pubic mind 10 operate unuided. -
But it is TO he lanened, that such has not been
the fact. Many who have influence in society for
their moral worth, and some even who have an
interest III and offri2l connection with banking in
stitutions, Il hope Mr.. Bayes will not think he is
alluded to- either OIL account OF their party attach
mens, or their hopes Of political advancement, or
some more unworthy motive have given coun-
presence and hearing, either by significant appro'.
baton or silent acqnescenre. And by the support
thus given 10 The caunnators, The public mind
has gradually become embuet with the poison o
their aspersons, until it has become disreputablt
to have any connection with a bank, either as q
manager or stakeholder, however useful the inst-
tuition or honorably conducted. Such being the
case, your committee believe tina, the stockholders
and officers of the Bank Of Montpelier owe no slic
duty TO community rs requires them TO prejudice
the influence their individual nierils entitle them
10 IN society, by continuing relation which i'm
poses II penalty so much to he dreaded, as disgrace
without crime ur immortality"
i Does Mr.. u. or any of his LocOfoco associate.
appreciate the lofty motive and ,irtuous regard fol
moral character expressed in this extract? If not
can they understand the significant a;lsions there
= inadr?
come now to that part Of the gentleman state
,ncn,, by whicl, he intended TO convict The win;
officers and stockholders of the old bank ofoppos
ing the taking up OF the stock of the new. AM
that there may be no mistake quote all he say
on tina, subject: 81 will say, tina, those gentle
men aud friends Of the old bank, who first discov
= cred after Freeman meeting, that the REL hare
, was not the thing wanted are aud have heen II
far as could discover opposed TO The stock bein
! taken in the new bank and Judging from appear
ances then ipoud rather see the tDhole business com
y muniiy FRUSTRATED, than have the new bank Sue
u ceeh."
What does he man by the round about expires
SONS " rs far as could disco' er" and "julgin
u from appearances: :" Is tihal he kno,os any thin
thar wond convict any one of the offence Of lic
Z he complains? No; for if so, he would have sal
" it. Does he then intend by them merely to con
vey IN insinuntion? Ii must he only n circuitOl
% mode adopted to express one of his opinions.
u Aud he has such an opinion OF those to whoI
he alludes il must be founded on the sing'e iact
" no other exists, that they would not unite ui hi
r IL, IL
l. ~, in the miserable trick upon the public of put
, ting down their names for shares in the books
= the new bank without paying in the specie re
" quired by the charter, or because they would n,
III be caught by the trick But even if lie meant
'e have implied more ilIon this, the ma!igniiy
q nmnifests in impntIng to them such horrid tnrp
,e tude of tenrt, OF being willing To see "the ictn
!, business county prosirded" inlpcaches his cred
~ bi!ity as witness OF whom is it, he says this
w Worthless vagabonds who cast out from II
u sympaihses of society? No, but his neighbor
~ and business men like himsel. And what mti
y, ~ be though, of such :calumnialor
10 But TO conclude. In whaI an unenvinlle poi
O. of view has Mr. Baylies placed himself andy
10 he is more to be pilied Than disposed He was e,
" IDENTITY compelled 10 say something to give an 'opi
~ ion or as far as could discovcr'-or 'jmdgiI
CT from appearances NJ all hazards TO say some,hr
w 10 give some seeming support to The charges
the Patriot. But IN doingit, how low has he lie
-" obliged to ahase himself. To yillify associates
~ cause for self repronch. To do it by denounci
w. them, for acts in which lie was partner and q
"o proven, was self condemnation; and for want
facts 10 do it, to coin 'opinions,' beed by his O,
'o nets and statements, was moral suicide; and to
w this has he been obliged TO submit by The desI
ne lsm of ocofocosm. But why did The Patriot ii
'or it necessary draw its friend to this selfimmo
'r ton? Could it not sustain itself without the sa
ia rfce Neither eau it with it. 10 its own age
e cy, assisted ny its submissive artizans is it o,
W, ing, that this community is deprived OF Banki
s'd facilities " all its efforts to escnpe The renroacI
Us, of the people, by crying "slop thief" will he
WI availing.
n Firing at a Uhig Clergyman A clergyman
) u the Methodist church, named w. p. Brownie
who is also editor of the Elizaheihtown (Tenne