Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1841-10-04
LvNCu,.usG. OCTOBER ASH.
NATIONAL BANK-PUBLlC SENT,
MENr,

10 have Bauk. They have experienced
HE sreatcpnsrq ,ence AL Impptance of sound clr
culalns medium, and wished the Wings tn take the
responsibility Of vng one 10 the narion." And we
see, III The last s.. Louis r. publican, letter from
J Gefson. (Allsspurl,) winch says: 'Nombers olthe
thinking n'mpcra, say 'h~y are truly sorry The
Ba bill filed"
We have ia d. ubl that his sentiment is much
more widely fused Among that patty, in every
section Of the Unlon than generally supposed and
that not my bul rr'de f opinion and pafty shac-
kies restrain lis open and decided NANTES a ion.
! Thinking men. olo parties, II seems 10 us, who
have paid any attention 10 The 6pancla h story OF
the countn-wlo have witnessed the celtanIy and
the uniformly with which beneficial nlschlcvous
results have folloe ed ON the adoplion or the fail
ure 10 ADOPT. particular measures-musi have come
TO the con-, n,ion either that National b ank is
ces'ary 10 ensure currency Of uniform value in dit
icreni secious oil the country, and TO effect APP
Proclamation TO equality Of exchanges; or else thar
these results have been the production of the most
remarkable combination OF accidents, and that there
is no such thing as tracing effect to From
the period Of the ncorpor on of the first Bauk
I'll The expiration 81 us ch'rief, no complaints were
beard IT HE inequalities # our currency. and there
was no suspe'si Of specie payments; ye, it
long after tie fisal 10 rcchar or The Bank
that arrangements occurred precisely similar to those
which existed p,or TO the first Of Incorporation
aud ending in general suspension of specie pay
menis. laugh wisdom by experience, the Bank,
after interval oil SIX years, rechartcied-and
lorih"nh as il by magic, these heterogeneous were
rectf d, and specie payments were resumed; aud
we have the authority Of Mr. Calhoun for arlrbutiug
'his speedy renovation oi our iisctl system the
healthy il II fence ex red by that Bank. Il is true
that, for few wears DUNG the existence e The lat
1 Ter Bank. owing 10 The iutxpeifence and bad man
agemep OF the Incompetent men 10 whom its # IRIS
we've confdcd, It's ben, wete 10 a great ex enl
ncn'ralz ed; hut, under mere julio ous couusels,
more th recovered lis LOST ground, and tai
~ INDICATED afterwards Its power 10 regulate
the currency and The exchanges. In The midst of
lis OF usefulness. il oveithrown-and the
history OF Ms last six years atesrs The disastrous
consequences Of ITS downfall. Men accustomed to
reflect aud reason, IN spite olihelr prrjudlces, when
rhy sound cncy following the adoption Of
a particular system and dersnged currency follow
ing lis overthrow, mus, al II that thai system ard
sound currency stand each other in he relation Of
Improbable grouud nat the fiscal sys ems Of govern
nent exert no inf ience Whatever upon the ouncn-
cy,1lhough they are INSOFAR hly inter" oven together,
If IN certain disease test ration TO health Uniform
! ~ followed the application OF particular remedy.
aud death from failure TO apply it, lie would be
deemed most increduluus mortal who shouli r. fu,,
10 adnin It's efficacy, AID a mad nan who, III his own
case, should dash the heallh.lnspurg dranght
from his lips, because forsooth, when il had been
tashly OF 'njndt,ousy administered, II had proved
fa'al! Bank is an eng ne Of eieat power Ii could
do no COOL # it were MOI But there IS about as
much reason to reject the Bank becauseIIs vast pow
e's may be perverted as TO refuse to Ike an active
medicine because it may Kill, to kindea fire
hcaiths IN nIid-winler because some unlu1ky spark
may consume our dwellings. Il is IA law of nature
that all lungs possessi & great capacity Tor good
combine with II great powers OF mischief. True
wisdom consists, not in rejecting he,e Instruments
altogether but in developing thelr good properties
aud in restraining their bad. Government itself.
even IN us best form, is evil, aud scarcely auy
totm Can prevent the development, to IA greater or
less exenl, of its bid ,nncnees-S the crore
fail into the absr,dliy Of rejecting all Government.
and Of encoun,erug the worse evils which would
me Dt lntil
agency, icucr the bad passions Of mankind and
thereby Convert human bcin. into wild be lsis 90.
verned b, the law might, instead ofthe law Of ig!
With as much proprely Nigh we do tins, as rrluse
tn chatter Il Bank b, cause of the vast powers with
which IL must be invested, aud winch may he ahu.
sed and perverted by bid or z aoIanl A Bank,
as well as al other institutions and agents. may be
restrained and embed. There is no reason why II
alone, OF all the nstrumenialIiies which men en-
poy, should be "a chartered hherine'-stIlI less
why the bare apprehension OF such n result, when
we hold the 'bil and bridoon" on! hands, shou i'd
tcrrfy sensible men, Indeed oar belief is that the Sc
apPrehensons are more frequently lcgned than fel;
and that parry IRE udlces. to which cling with
such obsiln'te lenaciiy, have more to do with the
oppos lIon 10 II than sober ref 1t will be mil
lenlum in the political would. II os devoutly TO be
desired, when ali measures Of public policy shall be
discussed and decided upon, with exclusive refer
ence 10 ih,lr merits and their capacity benefit the
DEGREES of sei-ins allied PunlIfs and Cardinals who
manufacture opinion for the multitude, as the Pore
| ciples. Were II so now, no measure would be sv
popular AS a National Banks because not one an
peals So directly :esls nd TO iies $ claim
to our support BY such lnc fragable evidences of IS