Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1849-10-10
From the South Carolinian.
THE BANK-TIlE REMEDY.
[BY Request.


The Legislature, with reference to The Bank,
were incomplete. The Bank of the Stale
is not like olher Banks. No charter binds
the State to individuals, aud prccludes il
from putting the Bank in liquidation as
soon as it plcases. Ii has, indeed, what is
called a charter, but il is Il mere form. Ii
is altered, more Or less, at every session of
the Legislature, and may be aunul!cd as
readily as any act may be repealed. This
charter. as the law now stands, will run
until May, 1856. But if it is, as The Leg
isaturo has so!cnnly asserted it 10 be,
"un1cisc and inerJ edicnt"--if it is is".taund.
ed in erroneous policy" and "erroscs 10.
hazGaL" The "puJLic treasury and public
faith," it is evident lha, it becomes the
duty Of that body towards bo people of
the State, as directors of their policy"
and guardians of their "Gtilh." and "trea-
sury," 10 annul the charter Of this "unwise
and inexpedienl" institution. 1t is not
enough that resolution was passed, do
claring that The Bank should not be re-
chartered. This resolution does not bind
any subsequent Legislature. Seven ses-
sions will intervene between the last and
the expiration ofthe charter. AT any one
of these sessions-wilhin three days Of
the adjournment OF the session Of 1856
the Bank charter may be removed, not
withstanding this resolution; and for all
this time the people-those who support
sound principles of governmental policy
and just and equal laws and rishts-musl
carry on an inccssant struggle with this
vast moneyed power in their midst, Con-
slant dripping will wear stone. Who
could stand up for seven years, with all his
energies devoted 10 this single warfare, hot
and bitter as it certainly would be? The
most ardent and perseverins Of the peo.
pies friends may be expected al some lime
10 flag, ard if there is an hour Of indiffe-
renee all would be jeoparadzed. There
stands the Bank, whose business il will be
carry on the war with increasing energy
and zeal. lis friends-,hose that stand by
it both from interest and principle-consti-
tute large and able body, cordially united
and acting with one will, concentrated on
single purpose.
But again: Money in the hands of any
sci Of men ispower, and tho influence of
that power is co.cxtcpsive With am0uGt
viz shgeaa.tt,e .naea irEns discounts oftliis
Bank, every sixty days, arc equal 10 50.
2S0,000, which is annually Sl3,6S0,O00,
and in seven years would amount to S95.-
100000. But this sum, vast as /, is. con-
stilutcs probably not more than half tho
money power Of the Bank; for whoever
will look to its monthly exhibits will sec
that lis resources" sum UP over s., ,000,
0D0-more than double its discounts.
Against this combined force, welding his
enormous mass Of money, the opponents
of the Bank, as things now stand. not
withs'andins The glorious success of las,
session, will be (urced to wage slcepless
contest for seven long years, with the GER
,ainty Of being defeated the very instant
they relax their vigilance and effort.
Where can the people expect to find
(riends-unpaih volunteer sodicrs-lor
such a war! The result is inevitable. Ii
this is 10 be the order Of things, the Bank
will beyond doubt, be rechurtcrcd long
before 1856.
Now, considering tho absolute suprc-
macy tho Bank has exercised over the
Slaie for nearly forty years, and how easily
and compelclcIy il has hitherto crushed
most Of the efforts 10 get rid offs rule, We
| think twas wonderful and very encourag.
irs exhibition of The recuperalive power
Of Truth, and of tho virtue oflhc people,
to see such overwhelming majori,ics
against it sent to both houses Of the LesisIa.
ture, at tho joint election after the first scri-
Gus attempt al popular discussion on. lhc
subject. We are Of opininn, however,
and, viewing all The ground, VIC are amply
sustained in tho 0piuion--Ihat no subsan.
lial results were reached. Now that the
heat and smoke Of the battle have passed
away, we sec this 50 clearly, that we think
that perhaps it might have been better for
the opponents Of rechartcr to have been
beaten at all points, and gone with a new
issue to the people. than that from a seem-
ing victory they should DO Iu1led into SO.
curity, and The friends of the Bank s,i;nu-
lated aud not crippled. The idea that
they have left tho Bank 10 a state of lea
guer with their three resolutions, is as de
usive as il would be to suppose that the
Thames could ho blockaded by three
sleamboals, or that Vera Cruz could be
invested by three companies Of light in
(antry. These resolutions, however, de-
serve high credit, and their supporters the
thanks Of the people; for they have shown
that they have lbe power, and almost the
will. to do the Thing e0ectuaiiy. But, what
is of the hisest importance, it is not too
late to do ityet. We trust the members
of The Legislature will come up to the next
session fully prepared to execute the will
Of their constituency, without incurring tie
unnecessary excitement of another appeal
TO the people at The polls, or the far worse
alternative ola seven years war ON the
platform already erected.
Let this business be settled at once,
that the State may pass on to- The great
issues which are now agiIating the length
aud breadth Of The land, and take her place,
with uncmbarrassed finances and united
people, wherever the South may assign;
or, iu drlult Of that. where her sense o
duty may dictate. We trust that the same
maorilics which at tho last session pro.
claimed that The Bauk Of the State wa.
l .,unvi.r AMI i;rvuadi,u :" ald h;yardurs