Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1844-04-04
Southern STATES.

from thIs table 1t appears that the northern
members voted against the Bank-ayes Is, noes
II; The middle States were nearly equally di-
r r'ueo' Inc western States gave majority of 3
And the Southern States gave majority for i,
OF 10, which bore down all opposition-3l ayes.
~ noes. Ii was this vote which carried the mea
sure. Throwing out the Southern vote altooether
Tue vote OF the other divisions of the Union
would nave been ayes 45, noes So: and the noea
sure would have been lost by a maorilv of =
votes ''''''S u
IL mus appears that the Bank of 1916. was on
posed ny the Northern and Middle divisions Of
.ie Union, and was emphaticailya iSyuMeru mea-
e"'o E'ner virginia, N. Carolina, S. Carolina
.. georgia mad IT In their power to defeat il -
But instead OF doing so, we see them marching
up In solid column, to give it strong and deci
sive support. And what is most remarkabIe of
an ihe circumstances attending the vote, u.s. that
whist the State in which the Hartford Conyen
tIon sat, gave fre out of seven votes AGAINST the
Dank' the Land of Chivary and transcenden,al
otates Rights Repubiicansm, rave seren o,f of
e'ght uofes in its favour!
Did our neighbour of the Enquirer ever let his
.e see these facts Oh no! Why! For
me very same reason that the Catholic Priests
don't wish the People to read the Biblei Tbev
are AFRAID they may not understand it correctly.
ana henco the Priests prefer explaining il TO
t9em: Precisely SO with Old Father Thomas
, re Tears the people may adopt notions
a..
tn ereiote, he holds back the original sources of
information, and doles out his Semi-Weekly Flo.
miles to the faithful, through the columns of the
Enquirer!
The Bank having been thus incorporated, COM
menced its operation. We do not propose TO en-
ter into any argument to prove the extent of the
DEMENT'S which were conferred by it upon the
country, but there is one single witness, whose
testimony is so important, that we cannot deny
ourselves the pleasure OF prese ntng it to rea-
oeis. ne witness referred to, is JOHN &.
CALHOUN. That distinguished gentleman. in
speech which he delivered in the Senate of the
u. -, IN 1899, said: SC | might say with truth
" that the Bank owes as much to me as to any o.
lher individual in the country and might
" even add, That HAD 1T NOT BEEN FOR MY EFFORTS.
" 1T WOULD NOT HAVE BEEN CHARTERED"
And again he says on the same occasion -"
" must content myself w9n saying that, having
" oeen on the political stage without interruption
-" from that day to this, (haying been an attentive
oDserVeroi The question Of the currency through
" out the whole Perioj,) THE BANK HAS BEEN AN
INDISPENSABLE AGENT IN TIE RESTORATION OF
" SPECIE PAYMENTS that without it, the restora-
" lion could not have been effected, short of the
" utter Prostration of al the moneyed institutions
" OF the country and entire depreciation of
oank paper; and that it has not only restored
specie payments, but has given a currency far
" more uniform between the extremes Of the
country Than was anticipated, or even dreamed
" OF at the time Of its creation" This is the
emphatic testimony of MIR Calhoun. We have
given it in his own language, but VIC have pui
those passages which struck us witt, most force.
IN Capitals. We might multiply authorities on
thIs point without limit-but we will be satisfied
with few passages from Mr. McDufIie's celebra-
ted report made on 9th of Feby, 1882. We
would be happy TO draw copiousy from that pure
fountain OF reason and truth but we are con-
strained TO restrict ourselves to very few passa-
ges, trusting that they will be sufficient 10 tempt
our readers TO examine the whole document On
page lO OF that report, the committee say :-ss 1t
has already been shewn that it (,he Bank) has
saveo the community from the immense losses re-
sul'ing from high and huctuating state of ex-
changes. In this respect it has been productive
OF results more salutaTy than were anticipated bv
the most sanguIne advocates of the policy of es-
tabIishIng the bank. Ir HAS ACTUALLY FueNfsn.
Ed CIRCULATING MEDIUM MORE UNIFORM THAN
SPECIE"
Again on p. ID Of the same report. the commit
Tee say -" Ii must be apparent that the commit.
tee correct 10 the very letter in STATING that the
Bank has furnished both to the government and
80 the people A CURRENCY or ABSOLUTELY uNIPor,, /
VALUE IN ALL PLACES, FOR ALL THE PURPOSES or
PAYING THE PUBLIC CONTRIBUTIONS, AND pIsRrRs
ISC THE PUBLIC REVENUE"
we now propose 10 present some few recoop;-
lions OF The constitutional power Of Conrress IN
incorporate Bank, which have been made bv The
Legislatures Of several Of the States
In June 1921 the House Of REPRESENTATIVES ri