Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1843-05-04
p.Ng oF THE UNITED STATES.


can, without difficulty, point TO the pas
sage in that instrument, which authori-
yes the establishment of their fayor.te
scheme in express terms As our own
researches have be unsuccessful, we
should feel obliged 10 them for the "chap-
ter and verse.
Ia the abs nee OF better information,
we venture 10 suggest, thatthe only place
in which such power can be found, is in
the l7ih clause Of the 9Th section, where,
after on enumeration OF the various pow.
ers Of Congress, authority is given, to en-
act such laws as may be necessary to car
ry them into effect. 1t s. ems to us that if
the advocat Of Sub Treasury buli
their arguments upon this clause, there is
no reason why the friends of a Bank
should not claim the same FIR the founda-
ton of tn, ir proposed insiitut on. 1t is as
op 10 the one IS to The other. The
only quest on, then worthy Of engaging
The attention OF either party, is which OF
the two is best calculated TO ensure the
object Of their est b shment, Upon this
point, we venture to say, there will be no
diff renee Of opinion. The merits Of each
have been fairly tested, and the world IS
aware Of the result.
But say the enemies of Bank, "there
5 great danger to be epprehended from
such an institution" Granted. And is
the Sub-Treasury less fraught with dan.
ger? Can the Imagination of man devise
any scheme, for the collection, safe keep
ing and disbursement Of the revenue,
which is free from dangerl Are we to
discard all Institutions, OF every kind, the
NAL administration Of which may be pro.
duclive OF danger7 Shall we not fire our
artillery upon an invader, for fear the
guns may be awkwardly managed, and
burst in the discharge? Besides, If a
Bank Of the U. S. produce injury to the
community, it must proceed from bad
management. There is no instance Of a
well managed National Bank having been
productive of injury, which II did not
counterbalance by good in the proportion
of one hundr, to'one. But suppose The
results are injuro Gus. Shall we change
the officers, or demolish the Banks II
our graf mills, through the bad manage.
meut Of the millers, should briag their
owners in debt, what would be the most
rational plan for t ose owners to pursue,
in order to rtt,ieve their lossss? Would
the Messrs. Hax II, or Mr.. Warwick raise
a mob, place themselves at its head, sur
round the buildings burst open the doors,
scatt r the flour Ike chaf, and finally set
frs TO those noble structures, which form
such striking ornament to the city. If
hey were guilty Of such folly, they would
be voted fiji subjects for the luna;ic osy-
lum. Or would they srharge the mil.
ers, whose inefliciepcy, or negligence,
had involved them in difficulty Such,
we think, woult be the sugg sion Of true
wisdom. Perhaps, h,wever, they might
be tempted TO experiment" and thouga
convinced, that the mills, as at pre- eut
constructed, ouud good -four On ugh,
might take it into mi b IS to p ok all
their wheat in little Country mill, where
it would rot on tier hands, aud wler
hIevrs nigh, help theras Tvs at pleasure.
n the hops Of sizing t. cir customers
better flour" Suc. h b MI course
of the Gov rnme, towards he Bank for
the Est II years. It AS alni,t TO
rave furnished the best CIR enry in III
void. The off ers were susrec e., and
instead Of changing tn m, the institution
was leveled to the ground.
That there will be Matt n Il Bank in
the end, we have no doubt. All this
ru'nous war will have b en- for nothing.
We shall end exactly where We began.
The enterprise Of Frelt rick the Gre 4
upon Silcsia produced one of tho longs,
wars On record, which finally involved all
the great nations of Europe. The con
test last d seven years, producing the loss
Of one million of lives, and the waste Of
uucounted treasure. Whole countries
were d populated-whoIe cities burnt to
the ground the fields, upon whose pro-
ducts millions depended for bread, were
tramplcd into bloody mire, and the sun of
humsn hope seemed as though it were
sent forever. All sides were at last ex-
haustcd, and stopped exactly where they
began. Neither had gained a single
point, or added one inch to his territories.
There is moral in this tale, which a
few years will find applicable in some of
its parts, at least, to the late war on the
Currency. Richmond Wig.
MD Az ANN N.srInN.y