The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-03-24
From The sane.

IFo8 IAe sane.
Mr. Henry has not ventured TO deny,
that IN June 1882, he signed his name TO
the following Resolutions, which we're for
warded to our Member of Congress at that
time -
Rssolced, That IN the opinion Of the
undersigned citizens Of Cumberland county,
North Carollua, the continuance OF the
present Bank OF the u. States is demanded
by The best interests Of tie country, which
we believe would suffer lnoalculable injury
by the refusal OF the present Congress TO
rechar,er that Institution"
Resolred, That IN our opinion, large
majority OF the citizens Of this ConEresslon-
al District are In favor Of the renewal o.
the charter, and that We IN our own and
their behalf, respectfully request our Repre-
sentative, the Hon. Lauchlin Gethune, to
vote for the reuewal Of the Charter with
such notifications as may be agreed on"
So II appears that in 1882, Mr.. lienry's
del berate opinion was that the best interests
of The country pould suffer inca!caiable N
jury By The refusal of Congress 10 re char
ter The Z. S. Baak! We last week put
his inconsistency IN strong pom. oil view,
by contrasting with the above declaration,
he present assertion that the Bank was an
unconstitutional execrabe paper max
ing machine" aud that i, had been guilty
IN lSl7.ls, OF " disgusting, fraudulent, and
rulnous" conduct. Well, how does Mr.
Henry get out of THIS scrapel Why, BY
getting into a worse one, as We will show.
/ He pfoHouuces our statement, that the
particulars Of the Banks Acknowledgement,
! ID lSl7-l9, were as we'll known iaen as
nov, false, aad says "lha, the rasca!lty
practlsed by It was never known until re
cent events brought them TO light" until
Gen. Jackson got INTO power and discovered
them. Now what did he say IN his letter
of Acceptance OF the 2lsl OF January last
/ Hear him -
The late Bank of the United States
went into operation IN the year 1877, and
10 Is months afterwards, July, 1878, I, vac
] Ou NhN SfS VI "hu OSA q
thousand dollars on hand and many millions
1 Of notes IN circulation. So dlsguslln
4 fraudulent, and ruinous, had been lis man
/ agement, within that short period, that a
/ resolution was introduced into Congress 20
repeal the charter, 10 1919, which was
supported by Gen. Harrison. These fact,
may be seen at length 10 the proceedings
OF Congress, IN 1910 and 1920, and 70 the
! report Of It's President, Mr. Cheyes, 10 1929.
90. During that Is months 1t had made
raised the price OF exchange against this
country. Instead Of checking gradually,
By praden, course of discounts, the ten
dency Of the local Banks 10 excessive Is
sues, Of paper money, hike bold leader, 1t
headed the phalaux of State Banks, and
/ plunged the country into every excess OF
/ debt, speculation, extravaganza and lux
ury. The natural consequence followed
and in the spring Of 1910, the bubble burst
IN the South all the banks suspended pay
/ mPnt, and the people woke up as from q
dream, aod behed all around them dstres.
and rum. Property sunk 80 per cent, OF
more, in value, and IN the cities Of New
York, Phllsdeipbla aud Baltimore It was
estimated that 80 thousand Iaborng mer
and women were wandering about the
streets 10 search of food and work The
notes of our North Carolina Banks were
quoted in Baltimore al discoun, Of 25 pei
cent. and exchanges between the United
States and Europe we're rulnously high"
Here then, according 10 Mr.. Henry il
January, the facts IN relation TO this eds
gushing, fraudulent, and rulnous conduct
were actually embodied IN the proceeding
Of Congress aud public documents, printed
IN 1919 and 30, and 1922 '23 and yet
according TO Mr.. Henry N February, ii i
false that these facts were as we'll know
then as now Il appears to have iaker
Gen. Jackson TO open his eyes to thesr
things. And We suppose It was only Gen
Jacksoa's suspicious 10 1882 that enabled
Mr. Henry TO fad out that ~ 1910, 9th,
bubble burst, property sunk so per cent,
100000 people wandering about N se4fcl
of food and work q" Notes OF the Nortl
| Carolina banks % per cent, discount" " To,
bank bold leader, into every excess o
debt, speculation, exlrayagance and luxury,
&c According to nr. llca-y, these things
which he preiends the back was guilty o
and confessed in 1918, happened in son'
wonderful process, 10 be concealed from hi
knowledge until Gen Jackson's suspiclon
we're reused IN 1892 And then what ;
flood Of light must have beamed upon Mr.
llenry's obiuscated vision Il was abou
lha, tlme, We believe, tina, Jack Dowinlnl
discovered the celebrated elorifcatof
spectaces," which enabled man TO see
things just as he wished them to be- Mr.
Henry must have worn pair OF these spec.
ever since and they have converted a con
stliU,ional into an unconstitutional bank
and enabled him 10 look back 20 years anc
see things which he could not see whet
they were happening before his eyes
With such specimen, We leave the pub
lie TO Judge whether Mr.. Henry does no
manufacture his facts, as well as his polit
IL