Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-09-27
TIE ISSUE AT TIE PRESIDEN AL
ECIIDN

al
a, Ju,y $780, (,nd, by "remsrk BILE coincidence"
Ex.Gov. Gllmer. on the $ me day we learn. real
and cd, n. 'enled upon the same article al Amherst
cout,, Ir1use,) for the purpose Of owing that he
Rank was not "lhe issue a, the Presidential cleo
linn" The article quoted was written in reply TO
one which appeared in the Rep ubIcan, Of the 9Th ii
July 1910, and regret that the editor ii hat pa
per did not accompany our remarks with his own,
winch would have shown what he then thought and
said Of the issue involved. well as what we then
,hough 4 said. II ought to be obvious to our neigh
bor that If he then SAID the Bank question to be
decided by that election and now endcivors ~ prove
that II was not, he PLACES himself precisely IN
the ugly predlcamrnt in which he thinks that he
has caughtus. The same shaft which tansGxcs us,
inmates him; and his triun pr Il, least neut,aIized
by the reflection thai he is completely dscomiil-
cd b, h own blow as is The adversary at whom it
vas aimed-It will show him also that if our re-
marks lead properly TO the inference that the ques-
ton of National Bank not then in issue be-
tween he parties, his re ra,ks on the other hand,
show that IL was in issue!
Bu, What did we say on the 9th of July, 1910!
We said, that in opinion, National Bank was
constitutional, expedient aud absolutely necessary;
but that should be opposed 10 the Incorporation
III such an institution until large maj Iry Of The
neonle came to the same conclusi,n, they did in
1916 under the pressure Of circumstances, when the
Republcan party led on b, James MADISON susiain-
ed il with remark able approach to unanimity and
when the Federasts with like uuanmiy, opposed It..
We declared that lur a prompt epeal of the
Sub-Treasury, aud that, being likewise inclined
A
until large ma joly Of the people should be pc
pared TO sustain il, wewere in favor Of employing,
of course "pro fempore" also.) the Stale Banks, 10
be annually selected by Congress. and to be separa
ted altogether from ExelurIve inf Ience and control
but willing. nevertheless If that system should be
found to answer, las We tell thoroughly convinced
,hattt would not do,) to dispense with National
Bank ogether-if not, not.
When that Article was written, as our readers will
remember, the State Biuks, though in state of
suspension, as they still are, held suong hopes
of a speedy resumption OF specie payments. 1t was
confidently believed hai by the LIST OF ,nuary last.
they would resume, aud that they would be able To
maintain lher ground. They did resume 'a'ly in
le40 bul with the exception Of the New York and
Boston ba ks, ley soon sunk under the ,ffol, and
ton is no" apparently remote as ever. Ev II the
special hitnds Of The STATE Bank sysem, among
them Mr.. Rves, has utterly desIaited under pre-
sent circumstances, Of re-organz ng that system.
There is therefore manIiesuy no Inconsistency, on
our par, in advocating the establish ment OF a
Bank, although in 1910 We were disposed tcmPora-
rily 10 refrain from the eifort,-cncumstances
having changed, since that period, as TO render II
impossible TO resort The substitute which we then
proposed orlt ing no otheraltrrnave ourselves,
compelled to fall back upon National
Oakland so, IL would seem, must every other man
really hostile 10 the Sub 1easuiy, unless, indeed,
there be yet un d, ve'oped plin which will an
s"er the ends of good government, Without being
liable to the oil jeolons. which, IN judg nent pa
ces The Sub-Treasury scheme, either 'oren or
ef,' beyond the pale Of experiments We reiterated
the sentiments oflhe article of July 1910, as late
April l64l after The Presidential election. We then
said that should prefer that the National Bank
question should not be brought up at the
son-bui avowng, al the san time, our belief, that
delay il ds long you pleased "to this complex
pn we n,usl come at las';' being satisfied, in April
that the State Bank system, hich we had recon-
mended in July l640 was no longer practicable
scheme; although then wiIlIn- as we yet are olry
any other experiment, # human ingenuity in -
vent any Other, which, in the language OF President
Tyler, will give TO The nation - sound currency Of
uniform value while pc forms The dates of ifs
cal agent for the government.
Yet must be permitted to say that the reason
which we urged both IN July 1910 and III April l84l,
in favor Of postpouemen If The Bank question: has
ceased to operate. We were aware that few ar
dent Wings we've. as they still arc, opposed on con
suonal grounds to IA National Bank, while they
admit its erpediency, and would be in favor of It il
their constitutional sctupes were removed. We
did not know to what extent this sentiment prevail!
ed among The hgs, either IN or out Of Congress.
We supp sed Ito he much more extensive thar ii is,
and IL was in difference to their opinions that
desired 10 see the question postponed until Ivy the
trial and failure OF all other possible schemes, its
absolute aud indispensable necessity should be de-
inonstraed. Bul what have seen! With the
exception OF some half d, zen members of Congress,
not more than Two Of whom have any title the
aprellation OF Wigs, the entire Wing party in that
body has declared favor Of Bank, and it is sus-
tanned by the Wing press with equal unanimiy.
majority Of go in the House OF Representatives.
majority larger han is usually obtained in favor OF
which The Declaration ii War, The most important
act which Legislature decide upon, pass
ed ~ lel2,-have eclarcd in favor of Bank; and