Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1843-03-20
\ NATIONAL. BANK


ton, recently brid in Richmond, and which appears a,
length IN the Enquirer Tuesday last, strike us as be
ing emlnenty snlclda Among tlem Nc NAY rcitr
particularly 10 Tie subject Of National Ban vldchlhc
Address holds NJ III the first place. as the bold
est Of that series Of Federal measures introduced into
the practical administration Of the government By Alex
ander Hamilton; Whe in the next place refers 10
the embarrassed condition Of HE COUNTY, he ds6Inan
znlion Of liz hafkrg system, and the deang ,mtnt e
the currency, HE close Of M Aladlsun's admins
tra'on, as having forced that RtpuL!jcan admnis IN
lion TO establish National Bank that ft.,ynl mea
sure because il btlicyed al the Tine to be- the onl
means Of restoring it 10 sound condition, "a belief
which the history Of The subsequent q cratic Of that
institution evidently justified. Here have lead
ing measure Of policy of Republican Administration
denounced monstTtus federal innovation, ly Con-
venun protesting to be crciusrc Republicans and to
hold in the memories and the Of he Faith
crs Of the Church, Aud il less reula rkabc that
among the lhaasnical aud stnilla Of these as
sa ians OF National Hanh, are the su,Inrlcrs of a
man, who. in 1916 under circumstances not very dis
similar to those which existed III It37 la MS Tie Dc
rangcment of the currency concerned and the osusrs
which led to that arrangement was the isr, head AID
leader n tie Bank pdrfu--the man Mo in his own
self comp accn boas carried the ri,uY han.y
through Congress and who by his uncquv.cal. and
voluntary and strong testimony It's efi'icncy
ring health and souudncss the currency Mn furnish,
cd the strongest possblc argument, for restoration in
1897. when under the influence Of personally selfish
considerations he renouuc his late alics'' and mi.
ted his fate and fortunes with his old opponents i'll
prospective pc the iaacy ofwhich he IL yeti real
a. IL.
benefit, though that of the Wings was not likely SO TO
dol Is ii possible tina, James Madison, the disciple and
friend of Mr. Jefferson tho propo his administration
and the depository Of his confidential thslIg
self TOO, the author ofthat Republican creed which is
often appealed 10 as the iost L" pol orthodoxy
is possible. empha,icslly ask thai h. without the
existence Of an overriding and imp.rlrus neccssi y
would have sanctioned measure which is nov repre-
scented as alike Ut with the principles Of the
const tuition, aud with the rights and Interests II the
country! VIII il be conceded thai John {. Calhoun
who, suddenly abandoning his old lailunarisn doc
irincs claims 10 he strict and literal IL
tho Interpretation of the constitution than Mr.. Madison
himself could have been induced. in SIG, 10 give,
his cold and reluctant assent but lis and corda
support TO the Bank unless he was lIeh trdefalisi
! the llnmonian school. instead OF header If Ihe Re
publican forces. as he then admitted bf1 |r
glnia too, the watch tower. hrn constitution
aQnestious havel'cn "n the iapis,-nfy slsPt h"rle
gisatye thundcrs while the charter Of National I}nn
IN 1916, proposing capital more lan thrice AZ lArE'
that sngg, sitd by Alexander llanion nhs IN lis VA
rous stages Of progress through the Two houses o Con
grcss! WHY did She not then instinct her SenatorS +
oppose it, Why did she no, Afterwards rrh1hc then
for voting in favor of III WHY did she nl call npou NJ
Madison 10 prcslrntc ii by the Executive veW1 Why
when he affixed To il his signature. Iii. ahf NOT drnpunc
him for his laIse into (, dfTsm, aud f0t on he weed
Of mourning for his doecncracy? 1t nial he replied, II
the language Of the locntoco Adde'S. ihat IN lSIt
the Banks had suspended specie paymcnis' and that
confusion in the currency" followed, sniccBiio ''urc
on his Administration the re establishment ofa Natioha
Bank, as "ihe Gully OF restoring IL Ia sounC
condition., But the Banks suspended Sperr payments
IN 1857 also the currency agaiu thIOwh into astat
Of confusion; and The same, ezra a greater ne
ccssy existed, heio,c, 10 urce npon the (hrn) AID
minstraiiun" recurrence TO tina, measure, presenting
itself 10 the consideration Of tho connTy with the accu
mulad Testimony in favor Of liz capacity to rectiy tn,
mischief under hich the country graud. furnished by
the history If the happy effects prdsccd by lis es'ab
lishmcnt in 1916 Bu, Mr. Van Gurcn's AdmInstro
ton. unlike that oi MIR. NIadsoo. had committed ikeI
against Baake-n had nos becone party qucsicn--
and pride more pow erip ihan principle prevented h.
recahtaon OF great financial error. from the effects
which the connlss has moi yet recovered. and We ra
will not recover. Eu, the Bank originally
a Federal meusnre We think that even an Buren, oi
a Tyler need fear that his uthmuAy Nlbe questt,n
ed when he iyeads in the uQslnpa " as.iagiop a u,
i. .uad.on~ Add it may gEsF1 lIuus,sa, he'he,
there he 10, rshcr,oo q an a,l'rlS H. kerv j,
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