Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-11-07

For many years past United States Bank has
been considered an " obsolete idea," and has been
so pronounced by some of its former friends and ad
vocates. Not Wing candidate for office, and not
Wing paper lin the latter days of such things,)
dared advocate either high tariff U. S. Bank,
and as for the Know Nothings, during their short
exstence they entirely ignored" these, as well as
ali other governmental measures.
Notwithstanding these facts the Democrats have
always shrewdy suspected that their opponents, if
once elevated to power, would return to their first
loves, and again saddle these measures upon the
country-measures they pretended to have aban-
doned merely because they knew their unpopulari-
ty, and the impossbility of obtaining power by ad-
vocating them.
Recent demonstrations show that these suspicious
were not groundless Since the I" panic has set in
find the opposition papers, with that old Federal
sheet the National IHtellgencer at their head again
discussing the propriety of creating .. S. Bank.
As crash has come they think it favorable time
to present their old principles long laid aside,
and to attack Democratic measures heretofore silent
ly acquieSced in because of their il pregnability.-
They imagine that the fears of the people will be
aroused, and that they can excite them to still
higher pitch, and thus probably effect change suf-
fcient to put out the ms and put in the outs But
they will find their mistake. Gen. jackson never
left his work half done, and he sealed the eyes Of
that old monster, .. S. Bank too effectually for
them again to be opened.
Let not Democrats be deceived into the belief that
the sub treasury is not sufficient or that national
Bank would be better; and for high tariff, let
the South remember that it would only operate to
l+t,oN n
the Southern producers. When opponents rail
against Democratic measures and accuse the Demo-
cratic party of bringing about the present financial
difficulties, let every sensible enquire for the
proofs or rather, let him look for himself and he
will find the of these difficulties to have been
over-trading, reckless specializing and extravagant
living, begotten and fostered by undue initiation
of paper currency which is wholly anti-Democratc.
These financial revusions the result of fictitious
wealth and every paper dollar now in circulation,
not represented by dollar in SPECIE is but fiction,
with no more real value than an old rag. Wealth
thus built up is without basis, and must fall. 1t
exists only in imagination, and vanshes into moth
ingness when it is attempted to be made tangible
Ali men are wealthy when they meet all de-
mands upon them and all individuals are considered
dishonest who will not meet just demands when
they able to do So And those who incur liabil-
tiles, knowing all the time they not meet
them according to promise, would hardly be consid.
cred honest. Why make banks exceptions to the
rules by which we judge individuals? They prom
Use to pay their notes in specie an demand. When
they fail to do they violate their promise, and i
they pay and will not, are they honest? And
if they cannot pay are they not impostons upor
the public which the got rid of, the better
No bank should ever be put upon basis that would
render suspension necessary. As long as i
is on such basis it is unsafe, creating fictitious
wealth, encouraging speculation and extravaganza
and tending to bring about just such times as thu
present, and worse