The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-10-08

{
those contingencies in human affairs, where
casual CIRCUMSTANCES, acting upon the pc
Guitar temper aud character, of man Of
very decided temper and character, affect
The fate OF nations. movement YVES made
IN The autumn Of 1929, 10 order TO effect
change IN certain officers of the Branch OF
The Bauk Of the United States 10 Ports
mouth, New Hampshire. Mr. Woodbury.,
then a Senator from New HAMPSHIRE,
transmitted to the Presileu. Of lie Bank al
Philadelphia, request purporting to pro
coed from merchants and men of business
Of oil parties, asking the removal Of the
President of that Branch, not on political
/ grounds, but as acceptable aud advantage
Gus 10 the business community. At the
same time, Mr.. Woodbury. addressed let.
ter marked confidential, 10 the thea Score
,ary Of the Treasury, MIR. ln.ham, suggest
ing that his Department should, on political
grounds, obtain from the mother Bank, the
removal OF the Branch President. This
letter was transmitted TO the President of
the mother Back, aud reached him about
The same time as the other; SO that, look
ing upon this picture and upon that, upon
one letter lha, urged The removal upon pc
litical grounds, and 90 the other that denied
that political considerations entered into
the matter al vii, he concluded to lei things
remain as they were. Appeals we're then
artiully made to the President. His feel.
ngs were enlisted, and il is well known
that when be had an object in view, bis
character was TO 90 ahead. | mean 10
speak no evil, nor disrepect Of Genera!
Jackson. He has passed Off the Stage 70
bis retiremen. at the Hermitage, which Il
would be as we'll, perhaps, that friends
should not disturb, and whore sincerely
wish he may, in tranquility pass the residue
Of bis days. But Con. iackson's character
~as Imperlous--he took The back track new
err; aud however his friends might differ,
aud whether they concurred or dissented
they were fam always to submit. Gen
eral jackson then put forth The protens ca
that appointments by the Bank should have
regard TO the wishes Of the Treasury the
matter was formally submitted to the d..
rectors of the Bank ; aud they as formally
determined that the Treasury could not
rish,tully or properly have any thin. to say
in tho matter. A lon. and somewha, an.
cry correspondence ensued for Gen. Jack.
son found in the Presiden; of the Bank
man who had something Of a spice of his
own quality. The result was, that the
Bank resisted, and refused the required &C
quiescence in the dictations Of the Treasury.
This happened n October, 1890, and in
December we had the Message, in which
for the FIRST time, the Bank was arragned.
Then came the application Of The Bank for
re incorporation, the passage Of bill for
that purpose through both houses, and the
Presidents Veto on il. The Bank of The
United States being thus put down, mnl
lltude Of new State Banks sptang up; and
next came law adopting some Of these as
Deposle Banks. Now, what have 10 say
in regard tc General Jackson in this matter,
is this: he said be could establish q better
currency ; aud, whether successful or not 10
this it is at least TO be said in his favor and
praise, that be never did renounce the obi
care Of the currency-paper as well as
meiallic-of the people. Ii was in further
apce of this duty, which he felt called on TO
discharge, Of providing better curren.
cy, that he recommended the exclusion Of
small bills. Whyi Because, as it was ar.
gued, it would improve the general mixed
currency Of the country: and, although he
did not as distinctly as MIR. Madison, recog
nize the duty of the Federal Government
10 provids currency for the people, he neD
er renowned il, but, on the contrary. in
his message Of December, IS, he held this
explicit language;
BY the use Of State Banks which do not de-
rive their charters from the General Government,
and are not controlled by its authority, it is
certained that the moneys OF the United States
can be collected or distributed without loss or in.
convenience and that all The wdnfS Of The com
muaity, in relation to exchange aud currency,
are supplied ,celi as they euer hare been be.
tore."-I Message, Dec. 2, 1851
II is not here question whether these
Banks did or not, effect the purpose which
Gen. Jackson takes so much praise to him.
sciI Vi accompanying 'h'NuSi AnCH urCHSl
tina, supplying the country with as good
a currency as they ever enjoyed. Rn' why,
If this was moi duty Of the Federal Gov.
ciUme,.t is il mentioned at all la his last
Message in December, 1886, reviewing the
benefits of his experiments on the curren.
cy, be thus speaks:
AT tho time of the removal Of the Dcposles,
II was alleged by the advocates of the Bank of
the United States, that the State Banks, what
ever night DO the regulations of the Treasury
Department, could not make the transfers requir. I
ed by the Government or negotiate the domestic ,
exchanges of The country. II is nor weH aseer.
tanned that The real domestic exchanges perform.
cd through discounts by the Uaited States Bank /
and its tgenty free branches, Ders one third less
than those Of The Deposits Banks fur an equal Pc
rod Of time; and if a comparison be instituted /
betreen the amounts Of services rendered By these
on the broader basis rhich has been
used by the advocates Of the United States Bank .
in estimating phat they consider the domestic er-
changes The result wHi be still more favourable
10 the Deposite Banks"
Here we have the distinct assertion, that
through The State Banks he had accomplish.
cd more in ESTABLISHING a GOOD currency