Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1844-01-18
g9e 6a3etfe.
MARPHM gBWRGs VA.
THURSDAY, JAN. Is, 1874
A NATIONAL BANK.

on upon the subject OF the currency Here 10 the
resolution, and 10 ii we invite the calm and debe-
rate consideration Of the people Of Berkeley Coun-
~:
5. Resoleed, That sound currency,
adequate to the wants of the country, and
Of the Government, and of uniform value
throughout the Union, is of vital Impor-
lance to all the great interests of the ma
iion--agrcultural, commercial, mechan.
ical, manufacturing, and financial-and
that, IN our full conviction, such curren-
cy can only be safely obtained through
the action and ins,rumentaliiy OF well
regulated National BANK.
All we desire is to lay the truth before our read
ers, we'll knowing the intelligent freemen to whom
our arguments are addressed We think the time
hs. now passed when prejudice aud violent party
excitement TO control the minds Of the people
upon this vitality important subject. The people
have been severely schooled both by experience
and adversely" and we doubt whether there has
been time in political history. at least for
many years past, when the public mind has
been in so favorable mood for considerable thought
upon great National interests as at the present
ment. The country has been promised, from time
to time, "a better currency" but every expert
n,ent tried by the financial philosophers who have
bad the Government in their hands, hes proved
disastrous ITO all the great interests OF the Nation
agricultural, commercial, mechanical, manufsc-
turing, and financial and have shown. in an emf.
nent degree, how weak and vain man may become
when his mind is clogged and clouded by the pre-
iudicss Of party excitement. The country, il 10
true, has suffered almost death from the effects OF
these experiments, but may we not hope that from
the severe school of adversely" through which
she has been forced to pass, may flow lessons of
wisdom which may bring stability To our Govern
ment and never be forgotten by the people.
We do not know that can better secure our
purpose than to present to our readers a Few ex-
tracts from the celebrated Report of the Commit
tee of Ways and Meaas," in the House OF Rep
Iesentatives of the United States. la the year 1885,
This Report was made by tho Hon. GxoRos Nc
DpFyIE, now distinguished Democratic member
of the United States Senate from South Carolina.
and at that time yackson member of the House
of Representatives from the same State. Mr.. Nc
Dufhe after giving brief history of the existence
N...,p
'' D"'" ~ '' 0'''' eo'' =" ~ 10
mark:
This brief history Of tho former and pres
en-, Bank, forcibly suggests few practical rrhsc-
tions. Ii 10 TO be remarked, in the first place,
sbs4, since the adoption Of the Constitution, q
Bank has existed under the authority of the Fed
sral Government foe thirty-thres out Of forty
years; during which time, public and private
credit have been maintained at an elevation fully
equal to what has existed in any nation of the
world: whereas in the two short intervals, dur
ing which no National Bank existed, public and
private credit were greatly impaired, and in the
latter instance, the fiscal operations of the Gov
eminent we're almost entirely arrested. In the
second place, i, is worthy of special notice. that,
in both the instances in which Congress has crea-
ted a Bank, il has been done under circumstances
calculated to give the highest authority to the de-
cison. Tho first instance, as has been already
remarked, was in tho primitive DAYS of the Re- |
public, when the Patriots of the Revolution, and
'he ssses Oh sne eae'ai Sons'i'uuos' were Tue
;.l.,;vs Cn"ns;i.. nd ,,hsn Gail Ws.h;n.,os
who. at the head of hsr armies. had conducted
hs country to independence. and as the head OF
'"e convention hao Presaea over ,hose denoe'
r,...n, Cons,;,,,,an ~. N. a.Lns.aJaaJ p,a.
sident of a people, undistracted by party diyi. |
s'ons. The second instance was unier clrcum-
0es ue'y "u''e"'' o"' e1aa''f "e''s~e '"a'
800, 4sc,,isd rho nr,on.;,,on m ,.ns,v m. |
charter Of the cid Bank schooled both by adver-
si'y and experience, magnanimously sacrificing
tne P''". " a"u ."o %
aid wi,bou, dspar,penent. that an assembly of
higher talent and parer patriotism has never ex.
i.ted s'"ce toe Gays oi the Revelstlon, thsa the
49, if .n" odI;,;sai ,.''s "i',aJ y,
which i, might bc truly said, that tsll the ends
they aimed at were their eountry's,' it was the
i'ePapncen party si that day' lacy had gust
80 il daf.,.a .r Ia. -. ~ bo,or aod |
elevating their views fur above the narrow and |
miserable ends of party strife sought only to nd-
vance tne permanent haPP'ness OF tne people
nre.,n, Rank !"
r., the above ,x,rac, how ,oucb ,rpfh ba. Nj,
McDais told and how exactly In, III. state Of AZ. !
fairs in this country accorded SINCE the des,ructon
of ia, late Bank. with tbos, referred IN h, him /
Marx his lansuspe--he saws: "Iti. be remark.
ed in tho first place that, since the adoption of the
Constitution. n Bank ba. exis,ed und.r the .,,bor
inv If The F-dera Government, far ,b;,,v-,b,s. IN,
of ,,,,y wears; during which lime npllic and nri.
v.,s .,sd;, have bssn m,i,,a;naa a, a., slava,io,
e,uv .o,.I IN WIN, has sxis.d in .nv ,a,;,,, ,h
world. ,,be,sos an lie t,,o ,hoyt ;nts,,oJs 5,r.