Lexington union. (Lexington, Miss.) 1838-18??, 1841-06-12

! HE EFFECT OF NATIONAL BANK -
Many in the Federal party are very fond
Of quoting the effects, the "Banil Of Eng
land" has on lne prosperity OF Britain, and
build as they think an unanswera5Ie ar
gument upon that 10 favor Of similar in
stitutlon here. Now it is perfectly well
known by those who look at all into the
great subject that nearly all Of the great
writers 90 political economy in that coun-
try attribute most of the evils which they
are now and have been for some time SUI
ierng, to the pornicious influence of that
powerful incorporation. We all know
that there is an institution of that kind in
active operation and has been fer years
in that country. We know too, that revuI-
sion has followed revulsion IN rapid sue.
cesson there bringing ruin upon the more
wealthy aud poverty and distress upon
the more humble. DID the bank create
this or not? Ifit did, it certainly ought
not to exist. fit did not, then it shows
lis incapacity OF preventing such terrible
disasters, and ought not exist. So if it
has not caused such monstrous evils il
certainly has not prevented them. In
looking over the Express newspaper, we
found a long argumentin favor OF UNI
ted States Bank, proving most conclusive
Iy TO his own mind the great and unheard
of benefit it was calculated to create, and
the monstrous evils 1t would surely pre-
vent, how it would enrich the poor, and
drive care from the humble and lowly,
while IN another column, very unwilling
Iy we lkought, The editor had placed a par
agraph from an English paper which re-
futed his whole augment The labor of
hours, in a few seconds. Here it is:
The Chartists in E0gland.-Do you
think il SO very wonderful that the Char
tIsls make such noise about the cond-
ton of the working classes 10 England?
Look at the fact:-"At Liverpool there
are 1862 cellars dark, damp, dirty, and
i'll ventiIated,' in which live $4,000 of the
working people; there are also 2,270
in which from two to six families
reside, and few Of these courts have more
than one outlet. In Manchester, Of l32,
232 working people, 1860 live in sci.
lars. In Bury, one.third OF the working
Glasses are so poorly of, that in To hous,
es,.,oue bed served four persons; in 907, !
one bed Cor five; and in rs, one bed for
9ir! 10 Bristol, forIy-six per cent, Ethe
l.. J., h,,n h,N Ipr
family. Leeds is very poor unhealthy |
place; of 1890 houses, $4,000 are under
El0 rent. 10 Glasgow, the amount of
and disease is alarmingly |
great. In 1887, %. 100 had fever in
hat city, which has population some.
hing like 100000. With regard % pau.
pers 10 London, it is observed, that the
whole number of persons in London dis
rcts who received in and out door Daro-
,hial relief the year ending March, 1888,
was 77,lS6, of these 1892 with fever,
1917 from syanchus, END 5,692 rom ty-
lhus.
What comment on the effect Of
great National Bank. That single para
,raph is enought to bdng tears to the eyes
If the most uufeeliog What misery
what desttution! looI, az he poverty and
yretchedness Of toe ahorng classes 10
England, and it is there that they have
'reat Government bank on purpose to pre-
'ent these evils. Away with such nom
ense. Every dollar every pound. the
'ank OF England males for lsel( AMI stock.
Ioldes, is just so much mken from the
'ocket, from the hand, The back Of The
vorklhgmeo. May the evil day be far
II when we are to he cursed with a Ma.
lonal bank for with that will come a Ma.
Ional debt, high tariff along with it,bur.
ensome taxes to support them, which as