The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-03-17
( NUMBER rs.

( pie; accordingly il commenced course of
rapid expansion of its notes and discounts
--made loans TO the amount OF nearly
/ $4,000, 900 in q short period, to members
Of Congress-bought up Editors and Press.
es, to advocate its recharter--got the peo-
( pie every where in debt TO II, aud by
issuing largely its branch checks at the
South, reduced the price OF exchange
Thus, as # by magic, sprung up suddenly,
state Of brilliant prosperity But all vas
false end hollow The people were steep.
ed in debt 10 the Bank, and the country
in debt 10 Europe, as will appear by the
great excess Of imports over exports, in the
years 1891 and 81. 1t was during this
state of deceitul prosperity, Wills, all ap.
peared favorable, that the Bank pressed up.
on Congress its suit for rechar,er. Con.
gress granted it for too many of It's mem.
bers we're accommodated by the Bank with
immense loans but General Jackson was
the man Of the peopIe--he was true TO their
in,erest-he vetoed the bill, and in the fall
Of that same years was triumphnn,ly re.
elected by the People.
IL Will DS sCcu WAT III WIS HI'
Henry contends, That paper currency
is an evil: That the late L. S. Bank was
unconstitutional That such an institution
can never furnish uniform currency of
permanent value, nor regulate the exchaug.
es: That It's management 10 1917 Is, was
disgusting, fraudulent, and ruinous: That
It plunged the country into every excess Of
lal,t o..1 I,twV,
ry: That il broke down every Bank in our
State: That il brbed members of Con.
eresa, and bought up Editors and Presses:
In short, from the period Of It's establish
ment, 10 1877, down to the year 1885, he
has made a catalogue of crimes Sufficient,
if frue, TO condemn the Bank TO eyerlast-
ing iufamy and be bas not found, in the
whole course Of those fifteen years, one soil.
tary act worthy Of his praise, not one tri.
fling advantage TO the country or TO the
people. If he had found any thing 10
Praise, he would Of course have stated it,
for, says he, +" My position dictates it-the
cause of truth and fair dealing demand, that
no concealmen' should be practised upon tie
people"
Well, lei US see how far this consoen-
/ tious gentleman is committed 10 the false
hood OF bis own uoio trumped.up sins Of ihs
I Bank.
But first let US state, that if ca paper
e currency is an evil" (Which We deny Mr..
E Henry himself is not blameless. 10 1884,
be, a member of the Legislature of this
! State, did what be could to fas.en such a
f currency upon US, by voting against the in.
definite postponement OF bill TO create two
new Banks.
j To return 10 the Bank of the United
Sta,e7.
Almost every charge that he has made
against the Bank, was as susceptible of
proof al the time Of its occurrence as now.
For instance, all the particulars Of its mis-.
management in lSl7.lS, which be pro.
uounces disgusting, fraudulent, and roin.
ous," were as well known then as now, in.
deed much better known; and so Of his
other charges. Every we'll informed hau
read in tho public documents and newspa.
pers of the day, the contemporaneous his.
tory of the Bank. DIP Mr.. HENRY THEN
pENoUNcE IT AS HE NOW DENoUNcEs 1T ?
/ We unhestatingy say that He DID NOT p
And refer TO every member Of this COM
munity to establish the truth Of our declar-
alton. Where, from 1917 TO 1882, slnm.
bered bis vir,uous indignation against an
/ institution which, if he is now to be believ-
ed was unconstitutional, corrupting, insol.
vent, ruinous to the local Banks, lin which
he himself had large stake,) runous to the
people, full ofevery evil, and without one sol.
itary redeeming quality! Why, at some
period during his repeated services in the
Legislature, did he not call down the fury of
Legislative vengence against the Monster,
! The author Of the horrible scenes Of ruin and
corruption which his imagination has now
conjured upl Did we ever hear his VOICE
raised against it then? Never BREATH
Why! Because the greater portion of the
evils which he has depicted never had ex.
isence but in the brain Of the demagogue.
/ And because the advantages which the
institution conferred upon the country far
outweighed the evils which no man ever
denied TO flow from it as evils will flow from
all human institutions.
But i, is not negative testimony alone
that we rely upon to prove, that with all
these crying sins as well known TO him then
as now, Tor rather as unknown to him then
as now be failed to call down public indig.
nation against the Bank,
We have reason TO believe that Dir. Hen.
{ nv was the author of the Clreular signed
and issued by the Hon. Laucblin Bethuns,
when candidate for Congress 10 1873
Is there any denuncia.on of the Bank In
, that document! We believe not. We
have no copy of it, but we confidently
believe that Mr.. Henry, with full knowl.
edge of the course of the Bank, and after
Gen. jackson, in bis two first Annual
Messages, had called the attention of the
people to the subject of its recharter, failed
to warn the people Of its unconstitutional,
corrupnng, ruinous and dangerous charac"
ter, Is il credible, if he really believed the