The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1843-12-22
From TIC Raleigh Register.
A National Rank.


The most importan, question 10 be deci.
ded in the coming Presidential contest, is
between well-reguiGfed NATIONAL BANK
and the SvB-TREAslRY; and il is Of The
utmost importance, 10 proper decision OF
this question, that the people should be
placed in possession Of correct information.
The history OF National Bank is iucorpo.
rated with the history of our Government
for more than half he period Of its cxis,
ence, and we would refer hose, who desire
a correct and lmpartla! statement Of facts,
10 the excellen. numbers upon this subject,
published in the "lSpEPENDENT," of this
City. Mr.. Loring is Democrat, unless
too strict devotion 10 truth may have os
tracised him. bu, his statements may be
relied upon by all parties, for they are drawn
from The records Of the country. Already,
the organs Of Locolocoism arr laboring 10
Dys'iiy and pe,yell the matter, and BY eve.
~ Lleans in their power, 10 produce false
impression upon the minds Of the people,
with regard TO the operations Of the old
Bank, aud its influence upon the prosperity
OF the country. Blu. yesterday, we me,
with Locofoco paper, in which il is grave
~ charged tha, the old Baak OF The United
States, after having souandercd the proper.
" Of the people in var agains. the Gov
ernmenl, and attempting 10 control the pol,
i!ics 0! the country, had sunk It's capital in
ruinous speculailons aud al last become 10
Tally bankrupt, cheating thousands OF Yid
ows aud orphans out Of their bread, and
bringing distress and confusion upon the
whole country. The leas, we can say Of
tins statement is, that il is not only au un-
blushlng, bu; 40 uniouuded falsehood. So
far from this, we make the following state
mcnt, and We defy contradiction That the
la:o United States Bank, during tue con.in.
uaGce OF its charter, or for the space Of
twenty years, received aud disbursed the
whole revenue OF the General Government,
transmitted the funds from one part Of the
union 10 the other, and paid the public
creditors. irithom charge and citlom The
Toss Of single cent, besides payin. into
the public Treasury, millions of dollars, in
the shape of Bonus and Dividends on Stock
Tha, i, furnished Uniform currency, of e
quail value, not only throughou, the Union,
but almost ihroughoo; the world And
that when the charter expired, and the
Bank closed, the stock was worth one hun
dsed and sixteen dollars, for every hundred
paid III But a miserable attempt is now
making 10 connect this institution with one
of the same name, chartered By the Stale
OF Pennsylvania; one that had no Notional
character, and no coune11oa ieddterer uitl
the Generdi Government. Let the people
remember this
With regard 10 The charge of interfering
with politics, Dir. Calhoun, now one Of the /
gods Of modern Democracy, has declared
the charge 10 be unounded. lie says
80 The officers Of the Bank, finding the (
whole power and patronage Of the General
Government used 10 discredit and crush the
Institution, would have been wanting in d.
iy 10 the private Stockholders and the Gov.
eminent, which was also large Stockhol /
der, if they had not taken steps 10 dissent. I
nate documents containing information up. |
on tho subject; and that if tho Bank had /
spent SIX or eight thousand dollars Of money
belonging 10 the United States, in doing
this, that the administration had sunk as
many millions by their yndiclvo warfare
against the Bank, thereby reducing the
value OF the Stock owned by tho United
States that amount" We have not room
or more at present, but will resume the
subject hereafter. !