The Tiffin tribune. [volume] (Tiffin, Ohio) 1848-1859, 1857-08-14

right" and exultanily qtes assurance Of
its abiding confidence in that institution.
This is highly proper Il It's editor has
from bitter opponent become G prose.
tyte Of the Baking system. He'hes not
however rest satisfied with this reitera-
ted ouloeium. but goes further and wan
,orlv assails Cow Chase and Nj Stone,
Tho present Treasurer Of State; not only
charging the latter with "ketping back
from the Bank It's bonds" but also with
"havirg made a rich harvest for the Bro
kers aud Dinkors Of tho State, who
purchased the seueca money at \ heavy
shave. from tho ignorant and needy"
Now / am not disposed to apologize
for The conduct Of Mr.. Stone, nor to
ucreen him or Gov. Chase, from any
| lust responsibility, yet tits quite obvious
that this accusation Of !ho AdUertissr,
is not only gratuitous in'itself, but also
wiehsdly perverso. Profossed politi-
clans have already had too much to do
with the lamentablo defalcation in the
Treasury. khd 1t is high time that
..onsiderate men Of all parties, APP
lpa the subject diyested Of personal
yinI Agouess and political asporily.
These are uncalled for by tho events.
rhoy are not only discreditable to our
moral position, and the spirit Of the age,
but arc well calculates to operate on the
present, as on similar occasions, to preju-
dico the rights Of individuals by antieipa-
ting and preventing ultimately dispas-
sionate administration Of justice, on the
subject. IL was not the fault Of Mr.
Stone, that Tho bonds we're not in tine
Treasury when he accepted Office, or that
he retained them, until fully advised in
the premises; nor indeed can it, under the
circumstances, be considered as fault Of
Mr. Gibson, that they happend to bo in
New York at the time ho resigned. All
tho outcry on this account and quite prob.
ably much of the yituperation against Mr.
Breslin himself, whether morited or not,
may be set down as being iatsaded for
political effect II is conceded that this
unexpected calamity is great and its shock
most thrilling upon the public mind; buI
instead Of orimnation and re.criminatior
by the two prominent parties Of thoState
It would seem far moro just to absolyC
both, as Sach, from eriminality or com
plicity with tho accused. aud patiently
await the result Of individual investiga.
tions;-and then alhx whatever stigma
may DO deserved, not upon this or that
, party but upon the individual adjudged tC
have beon the real transgressor. Bat tC
r return. 1t was wholly immaterial to the
Bank, 50 far as tho redemption OF Bill
+ was concerned whether the Bonds were II
tho Troasury--or New York or elsewhere
They were deposited in the Treasury a
security for tho bill holders in case Of
failuro &c tINa tjGrpJs5UI rglIeoming then
! therowith during the solyenoy of the Banl
, aud its continuance in business. The
D Bank had received valtto for evory dolla
] of It's issu, AMI, even had tho Bonds beer
I lost or destroyed, it was bounl, in 600,
faith to pay AMI reloem its notos. |
had received an equivalent for them; /
had enjoyed tho benefit Of that equivalent
ID had promised to pay them on demand
and no earthly reason ough, to Justify Of
excuse il N shutting lbs doors against q
generous community that had couaded in
its promises and paid liberally for its ia.
yors. l repeat that tho Bonds and Their
nondelivery by Mr.. stone had nothing tc
do with tho obligations Of the Bank tc
the public for the redemption Of il.
circulation, But then it is pretended
that the action Of Mr.. Stone created 8
panic and caused run on the Bank
This, however, is more devise for hay.
ing avoided or neglected an honest ant
faithful discharge Of duty II is max
i'm we'll founded that an indiyidua
will not bo permitted to take advantage o
his own wrong; and, most assuredly, SUI
perior indulgence cannot be expected il
behalf Of a soulless corporation. Tn,
t Bank,as already stated had within its owr
possession, valac for every dollar Of il,
circulation; and its officers were moral
" bound to bo constantly prepared 70,
any emergency. It's circulation ought tc
have been kept within reasonable limits.
and It's ability to redeem ought to have
been always provided for, either by hav.
ing coin in It's vaults or such arrappe.
ments made that any needful supply could
have been promptly obtained, The de-
maad never could, at any one time, have
been very great and with discreet man
agement aud public confidence in the on
GERS Of the Bank. such indeed as all mon.
eyed Institutions ought always to have or
not exist AZ al. no pressure, in ordiporv
] d.