Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1845-10-13

chr 1vMrhDurG Ufr0imiau.
MONDAY. OCTOBER 10, 1916.
MACkENZlE's NEW YORK CHRONICLES.
Il Chapter on Banks Baaking and Lanksr,


1oasnuch as the Official Editor has recently declared
that The permanent ascendancy Of The Lococo rary IA
necessary 10 'ihe publication Of the public morals from
the poisonous atmosphere Of the B,nks" we have be-
honehl that it may soi be altogether unineresling
Ia refer 10 the authentic revelations recently rnsde IN
New York, for the purpose Of showing, tina, while this
qualification !, certainly necessary, is scarcely to be
expected from The pepeinaiion Of authority in The hands
of the Locscn party The poisonou, atmosphere of the
Banks" is very excellent ad eaptandun, phrase, and
has been used by the Iocofoc,s With surprising effect
especially when how little the practice Of the
Ieade" of the party amas, every where has couespon.
Jed with their professions. They have publicly
depicted the evils of a paper medium of crcu.
Iaion in the mos, glowing language. character.
ning !, as "worlhess uash." by the use Of which,
It is charged those nefarious "Rag Barons," the
Wings, seek IL debase the currency and to deprive hon
es, labor Of lis just reward; whe The other hand
hey. the dear lovers of tho people, hostile the
banking system, and woud if they could, either entire.
y overthrow IT. or. ii,hey permit ii exist ALL would
at lens, throw around such cheeks and restrictions as
,uId resain its evil tendencies and "pnrify the NOR
ais Of those connected with them. Let u.s. for a mo-
men', see how these lofty peicnsons superior virtue
tally with their Practices az made known by re-
'e"' h''"'o"n, tue au'nehtcHy ~ winch IL not only
undcnied but is expressly admitted by Mr. Jesse IIoy
in his bill recently filed before the Chancellor of New
York, claiming the right Ct property in the Mackenzie
publica''onur Mr. liayt seems To have been sort of
p'rot man among the New York politicians, to whom
each and all Of The leaders confled their secret purpo
sea aud des'gns-their aspirations aud hopes-dsap.
poinments and complaints.
We viii first call into court Stephen Allen. Eso.
gentleman who has rarely held public Office and who is
therefore not so well known some others to the people
of other Slaies though the city of New York he has
long held prominent station among its intriguing poll,
ticiahs, as Sachem of rammany Hall In 1899. this
gentleman, while aypwing his Opposition TO an increase
o the Blinking monopoles, nevertheless urges the ex-
pedency OF applying 10 the Legislature of New York
Tor the Incorporation Of one Of those monopocs" to be
called the "'Fammany Bank"--deierdnc his deviation
from his Anli-Bank professions publicly made by that
convenient "moral' maxim, which only collece of
JesnIls can Justify that, 1.-The Legislature ,cH make
Banks, II was proper that his party should share in the
inqul'ous spolls And yet. at that very moment, the
Apt-Bank" party had large maoril. in both branch
es of the New York Legislature WHY, pray did
they not then set ahod, the task Of purify ing the .poi,
sonons atmosphere" instead Of extending the scope of
lis Influence Simply because the Locos wanted Io.
coloco Bank in New York. For what purposes ro
promote the public convenience Oh no but to ena,
Bile Political Society TO reap the profits and to specu
late in sucks The following is an extract from hi.
letter