The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1843-06-27

Banks in the Union, would have invited
Of persons, out Of the State, to &c,
possession Of their paper, that they might
obtain The specie. This being done, aud
The notes redeemed by the Bank, the hold.
ers OF the specie would have carried 1t out
Of The State aud thus, there would have
beea no currency LEFT 10 uS--tre Specie
gone and the Banks wiihou, basis on which .
10 REISSUE their notes. TINS measure
which was one Of the most obvious policy, /
and the coming necessity Of which had been |
toretold by those Stslesmen who had op
posed the destruction of the United States /
Bank, was immediately seized hold Of by
the leaders of the Democratic party, and
denounced as Wing aItemp, to perpe,u-
ate the circulation OF more rags and TO re.
wee the people under paper bondage.
klrly In the session of 1910, VI. Hoke,
distinguished Democrat, of Lincoln,
ced Resolution demanding the rea.
sous o. suspension, add the operations Of
The BadAs during 1t. The Wings, TO q
man voted for II, and Committee was op.
pointed, with that gentleman at the head Of
it. lie leli the Legislature about seven
days before lis adjournment, without max
ing any Report. But the Committee, who
had waited with the utmost patience for oil
the facts aud views which the originator Of
the enquiry could present, did not feel II.
self justified, Notwithstanding his departure,
in abandoning the duties assigned and i'm.
mediately, betook itself to the preparation
Of Repor, upon the important matters Of
inquiry. The Report was unanimous, anu
wholly jusiificatory Of the course pursued
BY the Banks. For a while, there was Il
pause IN the warfare on these institutions,
but II was only because there was no polit
zeal end in view: aud as soon as an impor
tant election was at hand-last as soon as
the party had selected their candidate for
Governor, that gentleman ordered out the
( Bank poney for the field. The campaign
was Tough, on his back; and although the
Captain fell, bis followers triumphed.
10 his Address TO the People, the senti
ments of which were re.echoed by the
Press, and repeated as tho test OF The De
mocra,ic candidates, throughout the State,
The Report OF the Bank CommI.lee Of 1910,
vas condemned as worthless mere pa
per report;" and every epithe, tina, could
make the people curse the Banks, and de.
sire their utter demolition every reproach,
that could declare their hostility 10 liberty
and charac,eri2a their operations, as worse
than The reign OF Kings, was employed with
4 tnR anDarpUf cnnNtrtton nf txnfh Ifrdat
| their banner " down with the Banks and
up With Democracy the, parry deluded
the People with tie belief, that Banks and
Republcanism could no, CO exist. And,
taking an ertful Advantage Of severe DIS
trees Ia money affairs, which was falsely
attributed TO the " hig triumph Of 1910,
bu, which, in truth, was the fruii Of long
train Of IL advised measures opposed by the
! Wings at the outset, and at all times after.
wards. they promulgated The charge, that
the Banks had boarded the money, and
promised tia, they VI elected, would unbar
the prison houses Of The hidden millions o
Gold and Silver. Coming, as these mel
did, into The Legislature, with their declar
ed hostility against the very existence o
Banks. as being an;i-repubiican with iheIr
open made charges. tina, they we're full Of
corrupiions and roitcnness, and had not
been sufficiently investigated, but in fact,
had been basely whI.ewssbed by the Wings
of 1870; and avowing. further, that the
owners and Directors Of the Institutions
! we're in the habit Of shutting up the mo
\ ney, so as to produce distress amongst the
people; declaring and avowing ell these
things, what had the people right to es.
pect OF these legislators, when they should
become rightiully possessed of the power
TO act at .aeir discreiIonl A candid man
lean answer but IN one way, and that is
FIRST, tina, they would destroy The Banks,
Ih any lauful opportunity should offer,
whereby both the boarded money would 60
out to the relief Of an afflicted people, and
the obnoxious monsters cease to feed on the
liberties Of the country. Add secondly, II
20 proper authority should occur 10 destroy
them, then, that they would probe into
their conduct, detect and expose the cor.
ruptions, and cut OF their roitenness.
Obvious, as would seem TO be tho per.
Torrance of these duties, by men who had
spoken and acted as the party did, vhiIe
before the people seeking seats in the Leg
stature; let Us enquire What that body
9Th overwhelming Democratic majarties
10 both Houses, did With aud concerning
The Banks.
1 Ga The 18Th day Of December, Mr.
Bggs, Of Martin, introduced into the
House Of Commons, series Of Resolutions,
proposing an enquiry into the expectancy
Of enec!iog Law
Fira.-That a suspension. for thirty
days, Of any Bank, should work forfeiture
Of lis charter.
Secondiy -Thai, sher a Bank should
be 10 stare Of suspension, it might 30 sued
but should not sue Its debtors.
Thirdly That the suspending Bank
should pay % per cent per annutn, on such
paper, as It did - redeem on demand.
These Resolutions, also proposed a gen
eral enquiry, With power TO send for per
sons and papers, into other matters con.
ma - H.. 4 n