Butte record., 1856-03-22
Banks.


ions that wise men have formed of them
and the conclusions deducible there
from.
In the first place we will admit the
correctness of General Jackson's S opin-
ion and begin by denying the constitu-
tionality of the U. S. Bank. Here we
have basis. Our forefathers regarded
the system of substituting bank notes
or shinplasters, for the actual spciter as
bad principle to go on; here we arrive
at what we will assume as our text
Banks, "taken by and large" are an
evil, aud ought consequently not to be
tolerated.
Now if the opinions Of these wise
men of old wee correct, and we believe
they were, the question naturally pro-
pounds itself, is, or is not the election
Of the present speaker Of the House Of
Representatives, in direct violation cf
the letter Of the Constitution? We
think it is-HMore in sorrow than in
anger" did our present Safe Legisla
ture say SO too Or something equivalent.
Shades of Old Hickory must we calmly
submit to this forcing Of Banks upon us:
Shall this Black Republican namcsake
ofan enemy, whom with your owl great
will you annihilated, now reign over us i?
Heaven forbidl
But the subj-ct is Of SO valid ma
ture and extends over so large field
we viii dwell no longer on tlis part of
our discourse.
Event, that have happened within the
last eighteen months must convince the
most ardent supporters of the Banking
system, Of its utter iaIlaciousness. The
! histories Of Adams & Co, Of Page, Ba-
con s, Co., of Paul, Strahan, & Bates,
and host Of Others whose fourdation
was believed to be upon rock, have
proved how true the Jacl,Sonian princi-
pie is. Verify. Doubtful things are
very uncertain
In their wisdom and foresight, our
legislators have forbid the federation and
!
licen sing of Banks whose custom it is to
issue checks that are literally nothing
but "dry bones," and to avoid the re-
dempion of which they are permitted
firstly to indulge in what has been term
ed "a deep open and shut process, with
"strlppers" and other deadfalls, and in
case Of their ilure, TO attempt as a last
resort to "remoye the deposites'' by
force of arms.
The attempts that were frequently
made in this State in early times to sup
press these institutions were frequently
attended with great losses and temporary
discontinue Of the besiegers, and the
sudden transformation from wealth to
penury. instances which were of so fire.
quent occurrence, were generally attri-
butable to either too great a confidence
in, or too rash all opposition to this spe-
C es of Bank. As an answer to an in
quiry as to the reason for the suddenly
reversed fortune of an individul, how
often was the one returned, thst be or
she, as the case might be, had been "go-
ing agin banks,' or OF the person about
whom the inquiry had been made, was
a late banker, his ''institulion" was
spoken of as having been "coralled"
But what individual enterprize was
unable to accomplish, the State in her
Sovereignty has done, at least nominal
| ly.
We regard the species of Banks Of
which we have already spoken, as OF an
injurious nature and tendency to our fl.
nancial prosperity; but while speaking
in terms derogatory to Banks in general
we are forced to admit, that we are in
the immediate neighborhood of bank
which as a reliable institution, and one
that has stood the test thoroughly for tive
successive years, is one in whose virtues
we have most implicit faith, and although
the process Of drawing deposites there
from, is Of somewhat protracted and
laborious nature, yet even in the most
stormy times, and when the greatest ruz
has been made upon it, and even its
walls have been in tottering condition,
it has never failed to satisfy, all its share
holders, depositers and employers. We
allude to the aurferous bank, on the
South side of the cla m Immediately in
front of the "Acropolis," out of which
| (bank, not Acropolis) "Charley" and
his two partners, took out week before
last, about one hundred dollars a day,
aud last week did equally well while they
had water.
Moro Holm