The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1855-08-02
The United States Bank.

We, few days ago, noticed The fact that
the trustees of the Bank oil the United States
will make final dividend on the goth OF Sep
tember, when the concern will cease in any
shape TO exist. The Albany atlas, alluding
to the matter says: II has taken fourteen
years to wind up the concern; and at the end
the stockholders lose all and The other creditors
get little. The bank was originally chartered
at period Of great financial depression and
distress; when the failure of State banks, af-
ter the war, had deprived the people of
currency. The constitutional objections to
It's existence were lost sight of in tho desire
10 secure its advantages. The government
became holder of The stock 10 ibe amount
of one-fflh of The capital and ilreceived the
deposits of public Customs. When the ques-
tion OF its re-chaner came up, the exigencies
which had called il in,o existence had ceas-
ed, and the objections 10 il subssled.. The
old democrats, who never believed that such
an institution was embraced in the objects of
the Confederation, or was 10 be endured un-
der The democratic Interpretation Of the Con.
stituIioh, renewed their objections to its re.
charter. General Jackson believed that all
the public service required coald be render
ed by an agency, more purely governmental,
and which would rot interfere with or Greg
ulste" The monetary affairs of the people,
The bank had assumed the functions of a
"regulaior" of credits of the country and as
sumed 10 hold national jurisdiction over
Stale banks, while lis own administration was
based on the same vicious system which
made The local banks'so often deuson and
a nuisance. How MIR. Biddle undertook 10
perpeluate his character by the purchase Of
presses and the bribery of politicians, is we'll
known. With as much folly as wickedness
be conielded that the bank had right 10
expend the money Of the institution in war
fare and upon the government, It's leading
s,ockhoder. The panic, the distress COM
millee, The suspension, the revolution, blood
less as yet The attempt 10 control the cotton
market, the immense speculalions ofihe bank
followed. The energy and wisdom of Jack.
son and Van Buren, were successful; and ,he
monster was proslratej though in its fall i
| brought down State credi; and cast deer
stain, not yet eradicaied, upon the Amer
ican name. But though thus defeated, /
Z managed 10 perpetua,e It's infamy by a eu
phase Of corruption. Under the pre- lenca q
snpIoring the common schools and, -
9fnal improvements Of Rannsz
knk was re-chartered' q y
upon condition Of inn
sSes 70 the State, and afier wen lI
| penditure of money among the n|<
the two Houses. But this concs
corrupt others without being cofE6
There is a law that regulates the ioI7
of vice, and threatens i, with dreadful
ment, having their source in mutual i69|1I
The old Mother of nominations was f5ll5|
! 10 the bone. Patches and paint could nc
| conceal the inienal ravages, and afler wad
ding abou, q few years in bloated vice, sh
, rolled over and died. There were gay youn
, politicians that haunted the honse she live
, in. Where are theyl Whatdid they become
The story has moral IN il, which time ha
not failed 70 engrave deeply on the histor
Of the country, where politicians may gaihe