Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1849-09-19
BY REQUEsT.]
From the South Carolinian.
THE BANK OF TUE STATE
UNNECESSARY.

w ncu III wis IITUpNsCH W icIboe I'He"
oil of the charter TO the Bank Of The United
States. a great 6ucry was made about III
finances. Iftbe Bank is not re-chartered,
how will it be possible 10 Inanage the finan-
ccs ? How will it be possible to receive
and pay out twenty-five millions Of dollars
annually without a Bank ? Here was a
stumbling block indeed Here was a
pprleutous difficulty! But it turned ont
to be nero pons asinorum. TIE Bank
was put down; and, without its agency,
and without the agency of any Bank. not
twenty-five millions only, but fifty millions,
have been received and disbursed without
loss or difficulty.
The advocates of a recharer of the
Bank of Tho State now make similar out.
cry. They would have US believe that
our finances cannot be managed without
the Bank. And son6 of them actually
kept their countenances before the cons
mitees al The last Sessiun Of the General
Assembly, when they quoted passage
from The old Journals Of Il think) 1877, 10
show that the Commissioners Of the Trea-
sury could mol procure funds 10 discharge
the pay bills ofthe members Of Assembly !!
That such an argument as this wus ad-
dressed to an assembly of men Of sense and
information, only shows the straits to
which those gentleman were reduced.
That any man in his sober senses should
for moment seriously suppose such an
arsulnen, available with The people or
their representatives. is scarcely credible.
As 10 the management of the finances, we
presume but few disinterostcd persons will
a, This time Of day maintain that two hun.
dred and ninety thousand dollars cannot,
annually be received and disbursed with
out The agency Of a Bank. SO, how is il
That tho Gencr Government eau annually
without luss, receive and disburse fifty
millions without bank officer touching a
dollar Of il? Independently Of The debt uf
the State and ils connecliunwiti tho Bank
nothing can be more simple than its finan-
cial system aud the sum and substance o +
ii consists. aud has for years past consisted,
inthe receipt and expenditure Of alriae
less ihanaiwo hundred and ninety thousand
dollars. Ifihere is any thing d urcertains.
tY.ef pplexity. of mystery deht and
the Bank alone have produced i,.1And A.
leading object with those who are opposed
TO rechartering the Bank is, 10 simplify as
much as possible, and rid the State Of
everything like complication in reference
to its finances. They deem Inyslifica'ion
out Of harmony with our republican sys-
TEN; aud in nothing more so lhaU in mat
ters Of finance. II seems. indeed, 10 be-
long TO the idiosyncracy Of the Auslo.Nor
man race, TO be singuIarly sensitive on all
matters touching The purse; aud marc par
licularly so when the hand OF Government
is thrust forth TO touch. This Uice perccp-
lionioft the philosophical distinction between
mcunl and tuuns, makes US al honest pen-
pie, bu, al The same time a jealous people;
and this waichfulness and Jealousy per-
yadc our Constitutions both Stale and
Federal:
The mystery that surrounds our finances
is certainly not very profound; but il is
still sufficient to excite apprehension and
dislrusl in many minds. The most cifec
tual way TO lispeI it is TO pay our debt
aud allow our Bauk charter TO expire.
The deb, and The Bank constitute the only
portions Of our financial system that de-
imaud skill i'll their management, beyond
what may be net with in any worthy
Comptroller and Treasures. Aud tho
argument on Ibis point, on the other side,
absolutely resolves itself into this: keep up
the Bank. in order that it may manage
itself, and avoid paying tho debt as long
as possible. in order that The Bank may
enjoy the additional function of managing
the deb:. In other words, maintain your
difficulties. in order TO rid yourselves Of
them. We say. on the other, hand. that
the Bank and the debt (Which in all pro.
babilily never would have been contracted
had not the Bank been in exis,encel create
the whole difficulty; pay the debt with the
ample means of the Bank, and The whulc
difficulty of management vanishes-evcry
thing becomes easy simple, plain, and SAT
is(aclory TO The public mind. Away, then,
with The argument that The Bank is essen.
neutrality-suspicious. the due manage.
mcnt of The State finances. Z.
AN AMERICAN CITIZEN ARRESTED IS
JprJANn Mr. Charles Whitror 4, ,nn