Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1843-02-20

~ VI lHu'NlNd i"tHt} u ltt favor Oh ne
pie Among the Banks thus enumerated as drlaullina
agents, are The
Cuion liao, of Tennessee, (amouo) $9li .o05 y
Planters bahk, Nashville, DO ~ $50 =
Making a total Of 5IS.5a6 os
Tins allegation has induced the President those in
snons, To contradict the ms statements 50 lsr as it is
applicable to them The tnan BAN, has long since
paid of the balance thus alleged be due the govern
meniand The Planters Bank has at 10 time since The
ls' January, $50, owed the government, which has
kept running account with H. more than 5000, having
always honoed lis drafts When presented, il Specie or
lis equivalent. So that upwards Of halla million Of the
Globe total loss of tle more tan two millions of
dollars Is swept of from It's amount OF Bank dcicatos
hy single stroke OF the pen. Oflhe other Banks Gnu
mealed, many OF them are now IN existence and in good
credit, and we presume falsely charged with de
laeailon as those OF Tennessee. Among these is Mir
Benton Bank OF Missouri; aud there besides seye
raj branches Of the old L. s Bank and the dividends Of
The l =. Bank for 1884 (Which have unquCsliunally
been pald) amounting to nearly million Of dollars al
dltlona, which onght to be struck from the Gbc's az
sregaIe-and which would leave behind about million
ol dollars only as Total lus,'-though we have no
doubt there are many other ofihe items that ought HE
these, to be stricken from the catalogue. And this be
II reeoIeeed, has been the lost ever since the
foundation OF the governments and, 10 the credit Of the
Banks II ought to be added that nearly the whole sum
Which may be truly charged a"ola loss, is due from
the BANKS employed as repositories aud fiscal agents
during the lnere9num between the expiration Of the old
Us Bank charter IN ISL aud lis renewal in lSl6-a
period IN many respects resembling that which has sur
ceeded the expiration Of the last Bank charter. III
main spring OF the system icing broken, the whole ma
clncry ran of in wild confusion and excess.
But there Is one feature, IN connection with this sub
ect, which the Globe ought in fairness to have brought
forward, In uNta position with lis exposure Of these
aginary Bank delinquences Even fits statement oil
the aggregate of the total uss' sustained ty the GOV
erement from its connection with the Banis were or
rect. II is shown to De Otherwise should have had the
aIrness 10 have accompanied by the publication Of list
of oidridoh dctduiiers together with the startling ~
gogale OF their Indebtedness, showing the "tola oss
which the government has Sustained by conidm. the
public treasure TO their cuslody-he SwartWocjs, til,
iloyts, the Prices the Boyds the Inns, the Harris
aud 50 ON through an almost inlermnable catalogue.
The contrast might, perhaps have been rather much
for the nerves Of the Globe; but fairness equ.
red II, nevertheless at its hands. ii it were the poiic,
al the Globe, to discrcdit the Sub Treasury as Il
vas IN ls35 have doubt ii could ind in the detail
cations Of individuals argument much stronger
gans that system, than is furnished by bauk dcuqucn
cos against those Institutions. millions are more i'm
porant than hundreds-that being, we imagine about
the ratio 5etween the losses under the two systems and
somewhat IN accordance with the estimate made bv the
6lobe Itself of their comparative mefils when it Was
/ 'Demacratc' To sustain the State Banks, and when
that great measure Of Deliveance and libcrtva It
which the ENpcrimoneIs driven rs dcrnicr re
sort aef having destroyed the best system of currency
and the most admirable fiscal machinery with which any
nation Was ever blessed, feprobattd monster u
Federal concepuonl
The Globe ought to have had the fairness to state
that during the entire period Of the agency ola National
Bank, under lie first well as It's second charter the
government, never lost cent. although hundreds o
millions OF dollars passed through lis hands And wedu
not hesitate To express the cunyicon based upon that
mpregnabe fact, that had that Bank been re- chartered
the country would have sustained the heavy pecnni
AIRY losses which have occurred from the cupdty, the
nthessness aud the dishonesty of It's agents. whether
State Banks n individuals & the still more to be aentcd
loss OF national character that necessarily attaches to the
notorious and almost universal deprayity Of public Off
GERS