New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1843-08-08

ia. ChcG;1H ana t'djcS are Sdld 10 NC HtdiIy
balanced-probably little against us-say 80.
This gives Rayner l,0Q6 majority so far, against
1,03l for Morchead last year. The remainder Of
the District gave Loco Foco majority OF only
$50 last year This looks as though Raynor
must be reelected.
The Raleigh Star OF Friday morning has reach
ed US, stating that the votes Of that city had not
been counted when the paper went to press, but
Miller, (Whig,) was long way ahead This OF
course; but he is probably beaten in the District.
National Bank.
The True Sun docs not well, if it wishes to be
considered an impartia! paper, and to be taken as
such by Wings, in asssing National Bank.
As there is no proposition before the country for
the immediate creation of such Bank-no idea
of its creation by the next Congress-no thought
that it will ever be created, except through the
future ascendancy Of the Wing party--an attack
on the project Of "a Bank can only be regarded as
a wanton, and (from the True SUM- ungenerous
assault on the Wing party. AS such we feel
constrained TO notice IT, and to observe that such
no.party stabs on generous and intelligent party
are more worthy Of the false than the True Sun
The whole of this attack is a tissue of gratu-
tous assumptions, calculated TO minister to the
passions of the ignorant and prejudlccd. The
True Sun assumes that, if VIC had National
Bank, there would not be a particle of security
for the stability of Property or the earnings OF
Labor" Is Property, then, sonc-bhnd or stark
mad to say nothing of Labor. The True Sun
will not probably deny that decided majority of
the property in the country by men friendly
to such Bank. Are they natural fools, or do
they seek to commit suicide?
But we appeal to facts. Was there less sta
bility or security for Property. poorer or better
reward for Labor, generally during the eight years
which preceded the Removal of the Public De-
posites from the late National Bank than during
the eight which have since transpircd? We APP
peal to the sober judgement of every candid cltl-
zen. How many can there be who will pretend
to believe that the troubles we have experienced
since the Removal of the Deposites (shatterng
the National character of the Bank) would have
been aggravated had the Bank been rcchartered
and continued in the peaceful discharge of the
duties devoved on ii in 1916 by James Madison
and the old Republican party
Again: There is France, with National
Bank Is there no security for Property, no stea-
diness in the employment of Labor there Is ev
cry thing gambed up and down twice a year or
so by the expansion or contraction of Bank loans
For shame, neighbor.. You should be in better
business than retailing the WORKOUT slang OF the
Plebetan, the windy bclchngs OF Tammany Hall
As 20 trusting so much power to Bank, the
vast amount Of evil it might do, &c. VIC say that
VIC trust great deal more power to our Congress,
our President, our Judiciary. To secure the high
est blessings of Civilization and Good Govern
ment, we mast trust somewhere. Republican
Liberty is not the independence Of the savage
state, but is based on confidence in Man and more
implicit reliance on the safeguards of Law.
Here is the antidotc for the evils apprchended
nv the True Sun. = peril foresecn is peril
averted If there is danger that q National Bank
may expand or contract its loans to answer the
private ends of It's Directors, let that danger be
guarded against in It's Charter. Limitit Issues,
ito Loans, its curtailents; subject 1t to the sur
veillance of the Secretary of the Treasury, or of
a Committee of Congress. If any body fears that
1t may break, Though National Bank never did
break unless the Government broke it, make II
give good Security TO double the amount of the
Deposites.--In short all the evils apprehended by
the True Sun are inherent IN our present None
tary SYSTEM If not III the nature of Money
With a National Bank, they can better be guard
ed against than with any other agency for such
Bank is the creature of the law, and under the
immediate supervision Of the Government and
tho Nation; while without it we have thousands
10 watch instead Of one
The True Sun maniieSts great innocence IN
calling our present Monetary System a Specie
SYSTEM Take off the Tariff, or modify II as the
Free Traders desire, and we shall have hundred
Banks tumbling down, ifnot another general SuS-
pension, before three years. All the approach TO
stability we have is caused by the Tariff, which
keeps our Imports below our Exports and prevents
a Foreign demand for Com How long this viii
last, we do not say It may for ever yet there is a
capacity for If not tendency to Expansion in our
present chaotic Paper System which might over
bear even the strcng barriers which the Tariff
erects.
The Sun has made no original discovery in
finding out that potatoes Will grow and business
can be transacted in the absence OF a National
Bank. That was quite understood before. We
should not starve if there were no grist-mlIs, and
We, they arc quite convenient. We can print
newsnaper--a tolerably good one, as the times GO
I'm the absence OF National Bank; but II we