Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1857-11-11
A U. s. Bank, High Tariff, &c.

For many years past a United States Bank has
been considered an " obsolete idea," and has been
so pronounced by some of its former friends and ad
vocates. Not Whig candidate for office, and not
Wing paper, Gin the latter days of such thingsD
dared advocate either high tariff Z. s. Bank,
and as for the Know Nothings, during their short
existenceO they entirely Ignored" these, as we'll as
all other governmental measures. IN
Notwithstanding these facts the Democrats have>
always shrewdly 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 impossibity of obtaining power by ad-
vocating them.
Recent demonstrations show that these suspicious
were not groundless. Since the panic" has set in
We find the opposition papers, with that old Federal
Sheet the National Iaelgencer, at their head again
discussing the propriety of creating U. 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 rpregnability-
They imagine that the fears of the people will be
aroused, and that they excite them to still
higher PITCH and thus probably effect change suf-
fcient to put out the ins 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 T. S. Bank, too effectualy for
them again to be opened
Let not Democrats be deceived into the belief that
the sub treasury is not sufficient that national
Bank would be better; and as for high tariff, let
the South remember that it would only operate to
enrich the Northern manufacturers and impoverish
Al "l,ar crotl
against Democratic measures and accuse the Demo-
cratic party of bringing about the present financial
difficulties, let every sensible man enquire for the
proofs or rather, let him look for himself and he
will find the causes of these difficulties to have been
over-trading, reckless specializing and extravagant
living. begotten and fostered by an undue initiation
of paper currency, which is wholly anti-Democratic
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 rea, value than old rag. Wealth
thus built up is without basis, and must fall. Il
exists only in Imagination, and vanishes into moth
ingness when it is attempted to be made tangible.
ALL men are wealthy when they can meet all de-
mands upon them and all individuals are considered
dishonest who will not meet just demands wher
they are able to do so. And those who incur labil
tiles, knowing all the time they can not NEE
them according to promise, would hardly be consid
cred honest Why make banks exceptions to th
rules by which we judge individuals? They prom
ise to pay their notes in specie an demand. Whe'
they fail to do so they violate their p,omise, and
they can pay and will not are they honest? AM
if they cannot pay, are they not impositions upo
the public which the got rid of, the better
No bank should ever be put upon basis that woul
ever render suspension necessary. As long as
is on such basis it is unsafe, creating icttou
wealth, encouraging speculation and extravaganza
and tending to bring about just such times as tn
present, and worse.