New-York tribune., 1841-04-21
A NATIONAL BANK.


The Sua !, in evident distress the subject OF Ma
SOM, Pl T.. LocoFocop ropretors revolt against the OBJ
vous truth that the gea, body OF tho those wh'
cock no office mnge sraringly and reluctantly IN politics
and ask only fair chance 1--we by their labor or their ou'
esa,e almost unanimously anxious FOR the establishment
of National Bank The politicians on ose side are
b,el kindly hostile on the other tmd and fearful
eopardng their ACKNOWLEDGEMENTS of their ranks there
but one sentiment aorg the intelligent and patriotic. Among
some fifty or a hundred persons with whom we have COR
xrsod q, the subject since the result of the last Fall Elcc
,ion-many of them Van Buren, NERVE 90 not remember
but one of any party who has expressed decided host.
10 anu National Bank The great majority cherish crate
full remembrance of the valuable services rendered to tn
Government and the benefits conferred the country by the
last United States Bank while il remained National ln't
tton AID before the disastrous OF Jackonsm mad been
nped against it. They know that for preceding and
for some time after the commencement OF that war ouI
country enjoyed sound steady and adequate currency re-
markably uniform Exchanges prosperous ana growing
Commerce. with encouragement and support every brancf
of our National Industry They know that that Bank io
nearly twenty years collected, transferred kept anu d
burcd the revenues of the Government without the loss OF
dollar without charge for these otherwise costly services
paving into the Peoples Treasury million and nall OF dol
lars as compensation for the privileges 1t enjoyed hesc
things the People sec and remember and they undoubtngy
ho,ev thar another Bank enbodyng all the improvements
nd safeguards which tho light of experience shall enable
Con.res to cngra upon Charter may be quite as bench
ca to the Country and its interests and probably much
moro
All tb. graye The Sun and It's usual devices
pereson and unjust assumption-to break the force OF
the sweeping current. They THE friends OF National
Bank ADM, SAYS The Sun, that the late Bank bad
"afair-bady constituted and badly managed What late
Bank If the United States Bank chartered by Congress
intended the assumption is untoundcd we believe that the
u 6 Bank was fairly constituted and generally well man.
ased from 1890 10 1884 when by the fat OF one man.
ruling the judgement Of the People through their kePresen-
natives the Bank crushed National institution,
,;nnod of ito privileges facilities and duties the whole
country and forced take shelter under State Charter
Since ,bet time it has been like National ins,I-
lion than horse-chesnu is like chcnahose and the MS
management and pregacy of its directors have possible
bearing on the expedcncy and necessity OF National Bank
After avowng substantially its disbelief that any National
Bank cas be created less obnoxious cav than the last
The Sun makes dead stand against any such institution on
the ground that the Constitution gives Congress power to
create one 1t is odd that Washington and his compatrios
who framed the Federal Constitution did understand its
meaning three years aferward well The Sun does in the
mex, century OF the trainers of the Constitution in 1877
great proportion were Members of Congress 1891 and
two,hrds of them voted only in favor of Bank
h, sf the very Charter signed by Washington And
the minority did oppose constitutional grounds but
Stow, of expodency. The Members from the
Northern and Middle States with scarcely an exception,
voted in the Affirmative those from the South the negative
Aran in 1876 when ohs c. Calhoua reported the last
Rank Charter such sticklcrs for State Rights John
FORSYTH VIM Il. King, Aired Cntt5ert, II ST George
Tucker and large majority of the Democrats IN both
Houses unhcsitangly supported the bill, while majority
Of the Federasts deemed Objectionable and voted against
il JAMES MApIsoS gave the Presidential sanction TO the
hill Did these men, did they know any thing of the
provisions of the Constitution!
There arc certainly other Doctors OF Laws whose opinions
have more weight with than those of Gen. jackson
Nevertheless the express declaration made by him in bis
Veto Message that if Congress had called or the Exccu
tive for the draft OF Bank Charter which would be Con-
sttuonu and bcncscen,, that dy oud hare 5een ckeer-
fuy performed, ought have some weight with er neigh
bors of The Sun only the constitutional point but N
relieving its eyes the film which disab!e from eeag
any difference between TIE Gate u s. Bank and National
Bank OF any
We gave Yesterday the outlines OF such Bank in our
iudgeulcn, would the desired ends 10 Government
and People with ,e danger OF abuse Perversio
The objections National Bank ns;nuated III yesterday
SUM- though they strike the of all existing Bank:
and Banking hardly and slightly reach plan suggested
and approved by The power initiate The Currency
pn.ec the measure of value, and compass political ends
could hardly be ascrbed Bank of limited capital which
,eo.nted NO ao,cs and employed its exclusively III
rho purchase and sale OF Exchange founded bust
transactions Why would this plan obatc break
h re Of all the mere formidable objections Natona
Bank1 We pause for reply
We do wrong perhaps with civili'y the sill,
h,bcor which assumes Banks made subser'
n. nocal ambition of the Directors and their friends
wbo ever heard of the last L. S Bank political engin,
f, s creation down to the crusade wased ogains; b,
Cen Jacksonf Who ever suspected it of political sctoa
,,, deemed to be o,crthrOxa! The truth nOsorous de-