The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1842-01-07

1T is now generally admitted, that National
Bank is ont Of the queslion,-fr because oil The
objections Of the Executive; second, because, In
the state ofthe country, the capital could not now
be taken up; and third, because the people al large
owing to the recent disclosures Of bankruptcy
fraud and corruption in banking institutions
such dislrust, that no national establishment OF
the kind could either obtain their approval or con-
idence'
The proceeding is copied from the last Watch
man: I, is found, in the leading article of that pa
per, extracted with approval from the Boston At
las. Its appearance in the leading C'dercra'lc pa
per ofhe state is gratifying evidence that the wings
of Vermont, at last begin TO have some idea OF
the tremendous revolution that is going on in pub
lie sentiment on the question ola National Bank,
a revolution tina, will accomplish the complete
demolition OF the Bank party.
The publication, on our part, year ago, OF the
four last lines Of The extract, would have called
forth from the Waichman, all manner Of derisve
cpilhe,s and harsh words 'Agrarianism, 'locoio-
cosn,' 'rcohnisln' wou!d have been strung to-
gelher in the most contempluous sentences and
derogaiory lerms. What! disclosures Of fraud and
corruption in banking institutions = A charge
ofihe most profound and wful misrepresentation
would have been preferred against US, if we had
limited at such 'diclosures,' and we should have
been denounced AS the enemy Of the people, of Il
sound currency, of Il safe medium Of exchanges,
and an advocate Of the 'runous Sub-Trcasury.'
i, is not unworthy Of remark las showing the nd
herence Of the cidecras to principle, that but u
few months since, the JIatchman, and its CO.
lemporaries declared that nothing but an old fash
loned National Bank would restore the currency
and afford safe medium of exchanges: Now,
that recent disclosures of fraud and corruption in
banking Institutions have created so great drslrusi
in the minds of the people that an old fashioned
establishment can neither obtain their confidence
or approval, they find they can get along very well
without it; that the currency can be regencra,ed'
exchanges regulated and the country restored to
happiness and prosperity bya plan the friends
of It's author claim to have been Orgina,edby Gen.
Jackson!
If the W. should live few years longer,
and we hope it may live thousand, it will occupy
most pi,lable position Revolutions never 60
backward" THIS foolish 'so-be,ween they call
an Exchequer, will be hu, feather in The mighty
tide of public sen,imen, that il rushing onward
gathering strength every hour, towards the only
true constitutional measure for the sale-keepng
and discussing the public money-,he lndepen-
dent Treasury plan Of Martin Van Buren,. The
people will have no National Banks, no Fiscal
Agents, no Exchequers; no such iriyoies. They
will not have. the National Treasury set up bro
kers shop, huckslers stall TO deal in bills Of ex-
change and red herrings; no such thing. They wi
have the old Sub-'reasury, and the Watchman,
and all its compeers will be compelled to slide, MS
easily as they can from this Exchequer affair TO the
.ub.,reasury. as they have already aid from the
old fashioned National Bank 10 this last Of hum
bugs. The Exchequer is 'ihe las, Of the Mohi-
chans,' the las, straw at which the National Bank
party Gun grasp for succor the strong tide of
public opinion will soon sweep that from their
reach. and they will 60 down to the bottom
10 rise no more forever.