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


which, BY the way, have since failed. y
And so of most Of the other States.
These causes we're ten fold more power
ful to produce the expansion, the specula
ton, the rage for internal improvement, OF
which Mr.. Henry complains,- and he kao'rs
it. 10 giving history OF the financial DIT
ficulties of The last ten years, would fair
mind, sOlennly pledged to " practice no con
cedlment upon the people" have omitted all
mention of the creation OF these banks, OF
their orders to lend freely, and of their III
eral observance of those orders! No man
will say that Mr.. Henry has treated thu
subject with truth and fair dealing"
We have thus followed Mr.. Henry's falls
ifcation Of the history Of the L. 5. Bank
down TO the expiration of lis charter 10
1886. With lis subsequent acts we have
nothing to do. When II ceased TO be
National Institution its powers 10 benefit
the country was gone, aud we have been
neither the advocate nor the adBlrer Of its
subsequent course, as We are prepared TO
show presently.
Mr.. Henry says
sit will be recollec;ed that the Wings
have generally had the direction of the
Banks, during the whole period Of our mo
notary embarrassmenis--that they have
used and abused them to suit their party
purposes-ihai rhe L. S. Bank was used as
The especial engine Of that party to lnliu
euce the elections, the press and e4 islauye
bodies-that Mr.. Clay and MIR. Webster
aud the leading Wing orators and presses
throughout the country, have for the last
ten years, been recommending, encourag
ing and defending this Bank, and above all,
stimulating its ruthless attacks upon the
Democratic administrations of Gen. Jack
son and Martin Van Buren,, because of their
opposition TO lis recharter."
Mr.. Henry has here presumed upon the
Supposed ignorance of the people. lie does
not know whether majority of the Wings
or their opponents have had the direction
of the Banks. lie may know what are the
facts, in this State, and be well knows that
officers of the Banks have never been Sc
lecied here on account Of their politics.
Neither the Stockholders, Directors, or OF.
fcers of the Banks have been confined TO
any one party. So far from ii, 1t is we'll
koown that there are Van Buren, men 10 all
these capacities IN all our banks the Pre-
sidency Of the Raleigh Branch of the Cape
Fear Bank was rendered to the leader Of
the party in the State, and by him declined,
for the sole reason, as we understood, that
be did not choose TO give the benefit Of his
time and legal talents for so small a salary
as was attached to the Office.
But how is It in other States? In Vlr
gina the President and PRIME mover Of the
great Bank is a rabld Loco. In South
Carolina, the principal banks are managed
by the same party. Ia Georgia, Alabama
Mississippi, Michigan, Ohio, where the
most abominable evils have resulted from
bad management and rascalliy, scarcely an
individual Wing has been connected with
the Banks. What we're The Pet Banks
they who did most of The mischief 10 ex
panding the currency agreeable TO Mr..
Tauey's orders Ii IS notorious, and Mr..
Henry koows II, that they we're nearly all
selected for their devotion to the " revered
chief"
As TO Mr.. Webster, we haze nothing to
do with his defence. We 10 not think II
worth while even 10 examine whether Mr.
Henry charge against him be true or false
But Mr.. Clay, IN his place in The Senate
has long ago declared, land Mr.. Henry II
the frs. TO dispute his statement; no mar
IN the Senate galnsaid H. that he has no
for the last FIVE years defended or advocated
the Pennsylvania Bank OF the L. States
Whether MIR. Clay's positive declaration il
the Senate, 10 The face Of proof Of the con
trary, If there had been any, or Mr.. Hen
rvs, IS 10 be believed, the public can Judge
/. is not a matter for argument.
We believe the assertion IN regard to tht
leading Wing orators and presses to b.
equally unfounded--so lar as regards tn
last four or five years. Wnhou. presumin!
to class this as leading Wing press, W
may nevertheless take the liberty to clca
our skirts of the charge. In searching 70
something else, we accidentally stumble
on The following para graph, which will sui
hcienily show our position, at the sam
lime, that it will give US some claim to sa
gaciiy IN so clearly indicating consequen
ces which have literally resulted -
FROM THE OBSERVER OF FEBRUARY !
% 1890
" The z s. Bank re chartered - The
bill 10 re charter the Bank Of the IT, States
as State Bank, has finally passed the Leg
islatrre Of Pennsylvania, and received The
signature Of the Governor The vote IL
the Senate was o TO II; eight Of the ma
Ioriiy we're Jackson men, and Of course tina
party bad Il entirely IN It's power to defea
the bill but iis advantages to the Stat,
were loo great to be overlooked, and thu
hue and cry raised by the Globe and IT
serYIle followers has had 90 other elfsc
than TO force some Of the leaders Of tht
party IN Pennsylvania out Of lie traces 70
surely after having been branded as traitors
and charged with being bribed by the Bank
they can never again put on The collar
We attach no particular importance to thu