The Arkansas banner., 1844-10-30

vate individuals, created during the banking nanla is probably, over and above what was paid by the easy operation of the IVhig Bqnkupt .4ct, equal to- or greater than the debts of the States and Corpora tions. Such has been, and ever will be, the fruits of banking, including National, State and individu al Banking. And yet the Wings are laboring, Tn this canvass, to establish in power administrations that will put on foot scheme of Banking, larger and more ranous in the end, than the one that has been preying upon the vitals of the country for years past, and which has involved the States aAd the people, in such hopeless indebtedness!
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 ISLAND OF CuBA.-A mercantile house of New Orleans writes to gentleman of this city, under date of Oct IS. We are kindly favored with the follow ing raet:-"The Island of CUBA, has been swept with dreadful hurricane, laying waste houses plan tations, Slc. The port of HAVANA has been thrown open for corn, .egrn-meal. lumber, &c, for six months, from }Be 9ss instant 3
 "A NATIONAL BANK.
 .sThe question before the country is--shall we have REPUBLIC without Batdt, BANK with out Republic?
 This, on a memorable occasion, was the language of JAMEs K POLK. Itwas the language of prophet ic truth, at the time it was uttered and time has made t manifast-earfally manifest in it's bearing upos the dearest interests of country, since the veto message fGEN. JACKSON, in lS32. Its proofs are emblazoned upon every page of our country g history for the last twelve years, alike in the despe- rate and disastrous struggles of the Bank for ascend- ancy, and in the gradual, but sure resusctaton of business, under the influence of the wholesome laws of trade, since the death of the Bank.
 Notwithstanding all this, which must be obvious to every candid and observant mind, we yet find the friends Of National Bank advocating, and earnest Iy urging it's re establishment npon the plea that t is necessary and proper to restore prosperity to the business of the country. ouch plea can be ad- dress d at least with effect only to the ignorance or cupidity of men. It is not based upon any true principle of political economy, and it's faaey and futility are readily detected by sensible and well in formed minds Itis aIve9se, in its natural tenden cies and inevitable results, to the true and perma- nent interests of the great mass of the peore; and as we might reasonably expect, so we actual v find it most in favor and in use with the specula- tor who lives by his wits, and reaps lis richest har vests from the pecuniary endorsements of the ong millions. who live by the labor o their hands To the real and substantial interests of the people National Bank is directly hostile do any O. its circumstances commend it to their favor. The very plea which urges upon their support, is an insult to their understanding, and an attack upon their public virtue.
 Due consideration of the organization of a Bank, of the character and purposes of those who own and control it. and oi the nature offs infa nces, slews that tue benefits of such an institution must inura alone to the few, who already wealthy; whil the poor and embarrassed, Nho makeup the mass O the people, are compelled, by a pow.f-th money power Of concentrated and legally privileged weait which they are unable to resist to contribute these profits, out of their hard earned and scanty store
 This view is merely following out well known causes to their natural and legitimate eects; and. although not conclusive of the subject is emnently satisfactory to our own mind Its propriely and force are materially sustained and increased by the views expressed in the following article, which we find in an exchange paper.
 "LET WELL ENOUGH ALONE"
 We would call the attention of our read CTS and the public to the following extract from the "money article'' of the New ork Herald The writer of lhe article Il is said is one of the most competent business men in the commercial and financial community
 1.-The result of the approaching Pfeslden- tial contest, must have very great influence OH commercial affairs general y-and in tht result af this election may depend the pros perity of many interests for many years.- On the eve of such an important movement the mercantile and mechanical classes max well pause and await the terninaliolf.- Without going into the detail of the prihci ples of either party, or predicting the ellec of the success of either party, on the dit, frrent interests of the country, we canno but believe that any material alteration in the policy of the government, would be attended with very uafavorabe results. Any attempt to remodel our barking system. or any iti- crease of banking capital, would assuredly derange the existing o5der ol things, and check the wholesome restrictions that are daily spreading through the country over the banking institutions, and creating more healthy. ratural state of affairs. than all the legislation inihe world could accompiish.- It would be far better that the present policy
 
 and alterations the whole system ruined, and fictitious, unnatural, unsafe system take its place. The present times have been pro- duced by the elements of trade and com meree being left to work out their own sal vation. The government has, with one ex- ception--the passage of the tariff act, left the commercial classes alone--and the difficult ties they laboled under have provided for themselves remedy. We have heretofore had too much legislation, and the great ben efts lately. realized, have been produced by the checks that one branch of Congress has had upon the other, and the check the exec utive has had and exercised over both rep resentative bodies. The people have, in fact, been let alone, and that is all they ask There are, undoubtedly, few evils ill exist ing laws that might be remedied, but we fear that in the attempt to eradicate these, many and more grievous evils may be entaled'
 These are the views of practical man, who has izf.. I Al