Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1843-02-13
NORTH CAROLINA LoCOFocoIsM AND
TIE. BANKS

We aragned The insinceriiy of Loco Foeoism in il
pretended hostility 10 6aGks and to banking. affirming
tho rlanur 10 be nothing more than Demagugueisn--th
appropriation 10 individual and party advancement
Of the inherent dislike Of The masses paper money and
exclusive privileges. We referred to dubious proofs
10 sustain the position. but 10 the acts ofihat patty
the uniform indulgence with which they treated ofen-
dng Banks which had incurred The forfeiture VI their
charters their release of all pains aud penaliies =
Their legislature protect NJ them against rs for specie.
sanetonlng their suspensions OF cash payments, sutho
zng them Ia issue small mites, in Short shielding and
fencing them IN by ever, poss bio cSp' dent.
Neither did we complain Of this lencncy md favor 10
The Banks perse. We were willing to concede that il
might have been required by the public good and the
gency of tho times. Our single object was TO exhibit
Loco Focosm IN lis true coors: to strip the mask from
lis face TO contrast its acts with its professions: to de-
GRADE It from the high ground Of principle which 1t
effects 10 stand; sud depict II as it isas hard
money party than the Wings; US much Bank party
more, than any other; as systematically deluding and
hnnbugghg the people with crceds never believed aud
intended be carried into rraclce and the SUBJ
pets OF Banks especially nilamIng and playing upon
ihef pWiudices With the sule unworthy purpose Ut lift
Ing themselves into power.
The evidence sustain these charges is 80 full aud
conclusive, that it will be waste OF time TO insist ulsSu
H. The course OF legislative action in Virginia. Gesr
gin, North Carolina. Alabama, Mississippi and every
other State Ohio excepted. places the truth beyond cavil
or question: In all the States except Ohio, The Loco
Foeus have dssraeeully backed Out from anti Bank ard
eleeloucorIng professional Nowhere have their bloody
threats been executed against the Banks nowhere have
they even attempted 10 execute hem save In Ohio.
Shall we continue 10 hear their valiant declamHtons
against tho Banks. after the ridiculous contamination
which the country is now wiinessnel Will they con
hnuc 10 rave against rag money! Nodoubt they will.
While tho People retain their ondnoss for being guided
and dupcd the denagognes will still make their credn,
lity the ladder for climbing into the capital
Witness the finale in North Carolina. Tho Raleigh
Register, of Tuesday says:
THE BANK CRUSADE.
After all the 'bood and thunder threatened BY the
Locus not single Act OF Resolution was adopted by
the Legislature. in relation the banks! The batch Of
Bills remrIod by Mr. BIggs, OF Martin, in the House.
aud Mr. Brown. OF Caswell, in the Senate, Were oil
''snOwed UNDER Tho Resolutions which were trans-
United To the Senate from The House, in relation the
I}ank Of the State. were consgned the tomb VI the
Capuels', aud those which went from the Senate "
the House. were laid upon the table ,cittout day.-
And last, though not least, il viii be ecollectcd, that
when the Loco focos took the back track and recnsid
cred then Resolution TO investigate the condition Ut tho
Banks, the ground that could not be done while the
Legislature III session. Mr.. jones' of Orange, intro
ducod fresh of Resolutions providing for an sxami-
nation after The Legislature should adjourn! VIII il
be believed, that these Resolutions were never
called upl Yet such is the fact And to cap the eli
max OF Inconsistency and folly, the last day but
Of the Session. bill was introduced exempt tho
Banks from the legal penalty OF suspension pro-
scrbcd by the Charter
One good effect al least will result, we trust, from
the mpolcn efforts Of tho Loco Foco leaders 10 crush
our Banks The eyes Of the People will be opened "
tho value Of these Institutions; and Public opinion,
which has been yaled this subject by the clSmor Of
Demngogues, will again be restored q sound and
healthy tune