Mobile daily commercial register and patriot., 1841-09-08

WHY DO YOU WANT NATIONAL BANK!-To those advocates of national bank who have not sat isiactory answered this question to their own mind we commend the following account of a conversation between two wings on ''change" in New York
 From the N. Y. Ev. Post.
 Two +3higs met, the other day Change, one Pearl street merchant, and the other person who had extensive dealings in exchanges. Both were of opinion that national bank much wanted by the country, but they had,very different grounds for their opinion,
 The dealer in exchanges told the denlzen of Pearl street that the merchants needed the bank to snp- ply them with Accommodations; that they want ed larger credits, more liberal discounts, anper la cties for carving on their business, and these national bank would supply. They had been much oppressed under the sub-treasury system, and na- tional bank would set them their feet again. s'No," replied the merchant, "it is not for that purpose that the country wants national bank we have credit enough with the local banks; money IS plenty, and good notes are readily discounted; if more credit given it would only prove mischief. No, sir, il is not for the sake of granting accomIo- dations to the merchants that bank is needed, but for the sake of creating uniform rate of exchanges between different parts of the country"
 "Alow me-" replied the person who had first spo- ken ''allow me- slr tell you that this notion about the uniform rate of exchanges IS all a delusion. The actual price of exchanges between different countries and different parts of the country must tiuctuae with the of trade, and ought to be allowed to uctuate, without attempt to produce an artificial uniformity. The high and low rate of exchange is what equazes the inequalities of trade. Exchange may be always had at what ii is worth; and so far national bank adopts system oi selling 1t dear CT cheaper than its actual value it does harm, be- cause it conceas the condition of trade from the merchant, who must consequently do business bmd- fold and without understanding where he is danger"
 This is inc actual conversation which lately took place and it is sample of the discordant opinions which prevail in the whg ranks on the sub feet of a national bank. The members of that party have been told by their leaders that the country needs a bank, and many of them believe it, though they are puzzled to tell why. Set them to tslking' about it, and their reasons contradict and refute each other The truth is, that nobody wishes for national bank except few party leaders, who would be glad use it as party engine, few blind adlerents of theirs who think as they are bid, few speculatprs who senseless enough to suppose that a bank would help to rebuild their broken fortunes, and few well mean ing people of that class who never unleain an old prejudice
 i,ven the uulucky spectators, set of men for whose msfortunes sincerely sorry, though their case is as much beyond relief as broken neck is beyond the help of surgery, are beginning to suspect that national bank could do nothing for them. We have in our eye person of this class, who had bought and sold and given bonds and mortgages, and taken  built up what he thought princely fortune, and who had met with the usual fate of the spectators of that period As matter Of course he went over to the whg party, and previous to the late election cleo toneered for Harrison, travelled the country made patriotic speeches, promised change oi times, drew eloquent representations of the happiness and pros perity which awaited the people when the whigs should come into power, and, no doubt, actually persuaded himself that change Of administration whould make him the rich man he thought he was ln in lS36
 "Where is the change of times yon promised us!" asked of his acqudintances tile other day. "A, said the crest-fallen politician, "l made terrible mistake. I thought that set of men at Wash ington would put back the country where it was in 1886, but see my error neither they, nor anything they or any body else can do will have that effect. made fool of myself am heartily ashamed of it, and shall meddle with politics more." Hundreds of ths mans class coming to the same conclusion, reluctany to be sure, but time and experience force the conclusion upon them.
 The truth is, that the bank party is very small and very weak minority, and is growing weaker ev- ery day. Thousands who have allowed themselves to be ceurted among that party, will rejoice Tn their hearts to see the go-by given to the measure. The bank bill longer includes majority of commercial men as it once did--commercial men who are in a safe and prudent of business afraid of it they dread it's disturbing influences; they look upon its beneGts uncertain and it's mischeis as sure.
 Some of the whig presses assert that the country will not bear another veto from Mir. Tyler. So far is this from true, that if fifty different bills proposing a national bank in as man, different forms, were to be passed this session, Mr. Tyler would gain addi- tional popularity by every veto he should put upon them. With every bill sent back to Congress his friends would become numerous, and the indig- nation of the people against those who vexing the the patience of the country with their pernicious schemes, would become stronger.