Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1841-05-24
From the Boston ALIAS.


The time is approaching when our citizens will
be invited u candid and free expression Of opin-
ion upon the subject OF a national moneyed insti-
tuition. One of character to promote the pros
perity and security of The Union, by equazing
exchanges and thus promoting greater facilities Of
communication between the different parts of our
country, is evidently required also to serve as
the great balance wheel in the monetary system
Under judicious and honest direction, the advan-
tages of such an institution to the happiness of
our population would undoubtedly he immense
both as regards domestic and foreign relations
promoting the peaceful pursuits aud proper du :
ties of our people, and forming barrier against
foreign aggression.
Whatever misnanagement if any, there has
been in the two former banks, may probably be
avoided by more carefully constructed charter
and by avoiding to impose too heavy burthens up
OH it, or throwing obstacles unnecessarily in the
way of its operation.
Such an institution, ms ind ,ed do all our public
institutions, needs the indulgence due to the stu
alton of young people, rather than 10 be treated
with the grave severity of Cuto's wisdom.
From the lack of capital we are under the ne
cessity, greater than in the old country, of crea-
ting facilities for the exercise of skill and indus
try and all classes caIlings, part of the COM
mon family, would. either directly or indirectly.
equally enjoy the advantages.
Some OF these advantages are open and palpa-
BILE, and others are occult but actual and momen.
tous; and if these latter cannot readily be per-
ceiyed by those who have not the time or oppor.
tunty to investigate profoundly, there will be n
just cause for the exercise of faith, faith in The
upright and skilful men who advocate, undeIstsn
dinghy, such an institution.
From an inexperienced view, and from the per
ception of the evils which might by possibilitv
flow from so powerful a moneyed agent, the wri-
ter was, at one time, induced to doubt the cxpedi
ency of having National Bank but these evils
were such as might result from bad manae, tnept
and were not necessarily connected with lis exis..
tence; and il its consttutionality be doubted, il
nevertheless rests with the people to make it con-
stitutiona whenever they see fit, either by amend
ment of the Constitution, o. b., instructing their
Representatives - poo an act supplementary
III. jealousy which las been fomented amoro
our people of the power of wealth, does not seem
10 be well founded; our whole population is com
parativey poor ard it behoves us to unite like
brothers Tor the establishment and support of ali
such institutions as will lend lis a hejpinp hand
for the putting forth our energies, whether in
commerce, agriculture, or manufactures, for the
first and last of which pursuits we are most ia.
vorabiy situated in this quarter.
So much for our internal relations and as for
our relations with foreign powers, however friend
ly disposed to all, we should be unjust to our,
selves if we should keep in defenceess copdi.
ton, either as regards our Publications, shining
or money, which has been called the snews of war
Let us keep our "bone and MUSCLE" and sin
ews too, in good condition, both for our own com.
fort and happiness, and for the general security.
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