Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1846-01-01
The Bank and its President.

The Bank President begins and ends his passionate
article in the Family Organ" by charging that our
opposition to hnpasers, and our desire for an non
sst management of the Bank, is altogether owing TO
personal hostility towards him In 50 doing, the
President fatters himself entirely too much. We
occupied the same ground precisely. long before he
became of consequence enough to be known to US or
to the public, either as politician or 6nancier.
Indeed we have so little desire enter the lists of
blackguardlsm with one much better versed than
ourselves in pot-house slang, notwithstanding his
lofty pretensions to aristocratic breeding that we
shall even now pass over his attempt to turn ami
madversions upon his official conduct and financial
notions, to those of personalities howsoever he may
lay himself liable to them. We do not know that
the Legislature which elected him to the Bank Presi
denc, made it unlarl for the public to examine in
to his official conduct if it did, should like to see
the chapter and section comforting the extraordinary
personal privilege. Until that is shown. we shall
take the liberty watch and expose his conduct even
though at the cost of ever much ire and abuse from
him in return.
Nothing could more concuslvely prove the slippery
ground upon which the Bank President stands, than
the avidity with which he seizes upon Topographic
cal error in our extract from his last years report,
by which to help himself out of his unfortunate d.
lemma. The word argument" was printed 6 ar
rangenent,' in such connexion, that even child
of common discernment would have at once discov-
cred the discrepancy. de grasps at this godsend as
drowning man will clutch at a straw and suffers
his uncomfortable passion to hurry him on, and to
endeavor to make grown up believe, that We In
tentionay committed the ridiculous error, for the
purpose of msrepresenting his sentiments. His i'm
putation is not only dsproved by its consummate fol-
", but also by the fact that stated particularly the
volume and page from whence the extract taken;
thus giving the people, well Hdnciers and es-
peciay members of the Legislature, who had the
volume at hand, opportunity to consult the source
of our authority. Besides this, can prove, if it
be necessary BY compositors and proof readers,
that manuscript correct, and that the acci-
dental error theirs, not But we shall not
put ourselves TO the trouble to do this until have
additional evidence, that President Morrisons politi-
cal character and financial ability is based upon SO
fimsy foundation, that they are in imminent dam
ger of being upset by such trifc typographical
error in a newspaper!
The President admits that there "has been con-
siderable increase of the circulation of the Bank dur
ing the past year," but says, if 1t be too large it
is attributable to the charter and not to the President
of the Bank. Admitted but the question, moot
ed again comes up: Is it proper to add fuel to the
fire Is it good financial economy is it safe for the
Bank and the people! is it Democratic, just and right,
to increase the means of expansion! That is the
question; and it is which wish the Legisla-
tstre, and not the Bank alone to decide
In connection with this important point, President
Morrison says he does not feel called upon at this
moment to speculate the subject of the danger or
utility of Banks,'' which he regards 90 rather a
stale subject" We have no doubt of the truth of all
this. Whatever may be the condition of the Bank,
whatever the course it may pursue, there is but
little risk of danger to him. He quietly sit in the
Bank paror, and luxuriate upon his regalias, calm
rs summers morning" Whatever the danger, he
has the knoIedge and the chance Of aroidng az,
if too selfdenying to profit by it. Not so with the
people. They overwhelmed in destruction, per-
haps, without note of warning. Consequently, the
danger is subject not quite so stale to them: and
he must not be surprised if they persist in talking
about it, and wsIching those who manage the ma
cbinery.