The Arkansas banner., 1844-10-30

s.sss prosperity of his country, and earnestly deprecates every thing like return to those elements o strife which, once set in motion have been difficult to allay He is for letting s'well enough alone''
 These views do not rest, for their validity, upon speculation conjecture. Itis no mere supposition that National Bank is not necessary and proper to restore business to prosperous condition. lndis- puddle facts in the history of the country, moi Iim ited, to the twelve years already alluded to, prove conclusivey that such institution, so far from being thus necessary and proper, is not even competent to attain the desirable ends ill view, but actually destructive of them.
 This does not rest upon our declaration alone; nor do we put it forward upon any Democratic authori- ty For, however satisfactory such authority might be to Democratic readers, as we write, at present, more directly for the edifcation of such of our Whg friends as honor our paper with perusal, we, rely, for their convictions upon TVg authority, and that, too of so high character, that they cannot gansay, and dare not contradict it. In confirmation of our own statements, we offer them the deliberately spe- ken, written and published declaration of Henry Clqg, .the great embodiment of all their faith, principles and opinions It will aforementioned that although in 1911, MT Clay male one of his greatest speeches and voted against the charter of National Bank, both on the grounds of it's unconsttutionality and nexp diency; yet, in l5lG, he had become so filled with new light as to discover that such an in stitution was both constitutional and exp2d nl; and he yoted for it, the great panacea, which was to cure all the ills that the Govefnnentasd the people. In 1916, then, the Bank was chartered; and as in l840 and even now the greatest blessings in the way of national and individual prosperity. were to flow, in golden showers, from this Cornuco- pia of National Bank. Such was the promise, and such was the anxious expectation ere they le alized? did business revive did the country pros- per? Upon the authority of Mir. Clay, himself, We answer-NO! So far from these promises, or ex pectations being realized, business declined still far ther, and the country become still more deeply enl barrassed If Mir Clay is to be believed, such scene of sagnant business, and consequent pecunia " distress oyerspread the county as had never be fore been witnessed and has neyersince been known And all this as late as 1324-eigH years qf1er the Bank had been estabIished and when, if ever i, would be able to pour out its yaunted blessings, and restore prosperity to the country.
 The following is an extract from Mir. Clay's speech, in the U. S. House of RepresentadV s, de- liyered in 1924:
 '.ln casting our eyes around us, the most prominent circumstance which fixes UT atten- lion and challenges our deepest regret, Is the general distress which peFvades the whole l country IL Is forced upon us by numerou i l. is indicated by the diminished exports of na- tive produce; by the reduced and depressed state of our foreign navigation; by our di- unfinished commerce; ; by successive unthre5h- ed crops of grain, pefishng in our barns and barn yards for want of a market; by the alarming dimnution of the circulating meti- um by the numerous bankruptcies, not li- mited to the trading classes, but extended 10 all orders of society; by an universal com plaint of the Want of employment and q con- sequent reduction in the wages of labol, by a rayenous pursuit after public situations, not 1 for the sake of their honors. and the perform ance of their duties, but as a means of private subsistence; hv the reiHc1aR resort to Be psriious use of PAPER MONEY by the
 intervention of the legislation in the delicate 1 situation of debtor and creditor; and above all, by the low and depressed state of the value of almost every description of the WHOLE MASS of property of the nation which has, on an average, sunk not LESS than 90 per cent within few years.-See Niles Register, vol 26.
 Here is found picture of distress, in every de- partment of business such as the country had never 1 b,( since the death- of the last National Bank We b4g our reade s, particularly our W1ig readers. 10 oh s.rvc carefully the signs of woe here picied bv '.tha great embodiment' himself, when a National Bank had been in existence, and full operation for eight geus. If the Bank could have afford relief to the suffering country why did it withhold is aid And if it could not prevent nor relieve such distress in 1921, why should we expect any good from fl in l744? The truth is. as is clearly manifest from Mir Cay's speech, far from giving any relief the Bank was the main cause of the distress If sne were the bad effects Of Bank in 1924 it is reason. able to suppose that its evils would be equally great if not greater in the present condition of the coua- try
 In view of these indisputable facts, and in,va- ble infer s, we put these plain questions to the minds and conscences of every one oi our readers Why, and for what purpose do you d sire the es- tabfshmant of National Bank Ii you do not de- sire such an institution, why should you vota for II my Clay since he is pledged, body and soul, to Lave no means unemployed and ex rtons un- tri q, to bnild mp National Bank, with capital ol s59 ,oo0,ooo Bearing all these things in mind, l { each man interro5ate his conscience and consd T his duty to his coanhy, when he goes to the polls, next Monday to vote for Electors of President and Vice President of the United States
 ] ---=-e---------- coMMuNlcATloN8.
 ] To tde Editors of tle 4iiraas4s Ba1aer
 1 GENTLEMEN As a citizen of long stand-