New-York tribune., 1841-10-02

oa7a doubtless carried with them great weight
o.a he expected from the high ability OF me au-
thor. and he candid spirit in which 'aey nave ''e
written. We shall commence, a aeon a W. can
find room. the publication OF series OF articles N
,o,l, from, an EQUALLY distinguished and influential
,.r..s When hi, is concluded, Ne shall have
.,,o.d bsfor. otil readcr. the whole subject in all
It's aspects -z.---
Tn, Nh7royA1 BAyK QrE. TloN.--It il yery
-orononly asserted that n National Bank il uupo-
polar with the gresi mass OF the People and that
il. support WIN breal down any party which M
dertakc, ia. We do not believe il. II any propo-
simon car. b. demonstrated from the History OF our
Corntrv. ii is that which asserts mat National
Bank in o.her days las 6eeo grea, benei; TO the
Counuy. +: the reports 10 Congress Of nen who
nuye been eminent rs opponents o. a Bank are
worthy Of my credit, then can he shown that the
whole existence Of he first taned States Bank
was iranght with blessings 10 Inc Industry and
Commerce Of the Country, iaproyiding and stead
;y maintaining what .he had never before enjoyed
cheap Exchange and sound uniform Currency
Fyerv dollar deposited with the Bank by the Coz
er.r,ent was drawn on again in full whenever
.yan,od there was nu risk or loss the part of
me Government; no suspension by the Banks no
deprccigtpd currency or shinplasters to curse the
People. But the BauI. was crushed in spite of
the warning voice Of nearly all our ables States
men Of both parties and before three years had
,ranspired, We had the old Currency OF the Con
federation over asain-deprecia,ed paper, Funons
differences of exchange, and ,hinpasiers thick as
,ae frogs Of Egypt. Well, we ,inkorcd away, Try
ing this cxpcdien, then that, for five years and
matters growing worse all the time, until at laSt"e
returned to the old medicine-a National Bunk
This did NO, cure all existing evils in Il moment;
our Tariff was Ear below that nf the nations with
which we traded; orr Currency was inflated As
well as deprcciared; and the land delnged with
deb, in every iorm. The Bank wa, badly man
aged at first, but 1t soon righted itself and began
10 be every where recognised as great public ben.
eft. In 1921, we had fve candidates for Pres-
dent: every one but Gen. jackson openly and
warmly in favor of Bank Mr.. Van Buren,, with
-ll his Albany compatrets, ardently supported
Wm. H. Crawford a strong Bank man, for Prcsi-
dent. and petironed Cor Branch Mt ALBANY. Mr..
Adams was elected; a violent crusade was com.
menced against HIM he was known 10 be firmly in
favor of National Bank, bu, not a whisper of .b
lection was made TO him that ground. Gen.
Jackson was strongv supported for President in
opposition and every thing was raked up agaln',
Mr. Adams, all sorts OF changes promised in be-
the Bank No man caa sain,ay this. Yet why
was no, the question raised if Bank is intrnsica
ly unpopular?
Gen. Jackson was elected, and now Tor the first
time began to hint his opposition to recharter of
the existias Bank The subject thereupon
referred 10 the appropriate Committees of Con
sress--in the Senate to that of Finance of which
that veteran Democrat Gen. Samuel Smith of
slaryand was Chairnan in the House to that of
WAYS and Means. OF which MIR. McDuiiic Of 5. c.
was Chairman Both Committees and Chairmen
were warm poriisans % Gen. Jackson, We; both
reported strongly, unanimously in favor Of the
lbCnhrIcI " lllt iliih, siIlN NtiN S4HAdI''i ~
Congress, and ncquiesred in by the County. OF
,hc fifteen hundred journals then printed in The
Country. not twenty dissened from the conclusions
O.! the respective Committees. No one attempted
70 conrroyert their array of facts and arguments in
favor OF the Bank. WHY not, If the Bank were
either pernicious or unpopular
In 1882, strong Jackson Congress rcchar,ered
The Banl, by decisive maoriries. But Gen. Jack
Gen Jackson 5 reelection should be averied. Ia
this dilemma. the friends of the Bank attempted
10 make nm issue on the question before the Peo-
pie BIZ, they were divided with respect 10 n
ddate for President, while Gen Jack.on's popu.
larity was irresistible. He was reelected.
In tins and one or two succeeding contests il Is
believed that the Bank embarked in the struggle
10 perpetuate its own exisIencc-printing docu-
rnen,s in its own defence, and making unsafe, un-
mercantile loans to those supposed able and will
ing to aid i; in the struggle This course was very
,Nw,se, ,hort-sishted and wrong the Bank gained
nothing but obloquy by it, Finally, il ceased to be
National Institution and paid 4 most eNtravagan
priceter STATE Ch.r,eg-squanderin more money
80 secure 1t The rssul, OF This course was such
as might have been expected-such as viii prove
Il warning TO Mi future institutions The Bank
was overwhelmed in the peaaaiary revulsion OF
1887, It's assets turned .n, badly, and it is nov
broken down. H. in its desperate struggles for
life i; committed grievous errcrs. grievou.v has it
answered them. But nearly all its faults and
losses bear date since it ceased to be National
BauE, The les, We're consequent on the attempt to
lo,,rnr !, Thnr.. can hardy be a :.ar TIN, m