Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1858-11-22
From the lShelbyrizTe Observation-Disclosures
The Currency QuestIon--Aeafn.

In our last issue, we gave partial express
sion to our sentiments on the Currency Ques-
ton. We propose TO notice il further. 1t il
true, we regret to say it. that we differ some
what in our opinion. with the position assum-
cd by late meeting of portion of the intel
lgeqt Democrats of the State. held at Nash
vile. In the first place. we cannot see the
necessity of raising the question of re-char-
tering or refusing to re-charter. the Bank of
Tennessee ten years before her charter expires.
1t is time enough to dispose of that question.
when the proper time comes. The question
of re-chartering the Bank of Tennessee we
think, speaking plainly, has been prmaturrly
thrust into the coming canvass. The State
Bank is sufficiently under the control Of the
people to answer all the purposes which they
require. The peopl'' are not yet willing to
sacrifice the only Banking institution in the
State that has been of service to them. and
which has furnished them the only reliable cur
rency they have had. and which has extend
ed to them more Accommodations than all
the othrr Banking institutions in the State
put together. We spe-k Of accommodations
to the people and not 10 class of men.
They are fully convinced. that under prop
er legislative restrictions the Bank of Tn
nessee can furnish a reliable and sound cur
r ncy. 1t is true. as we said in our last issue
that the people will demand specie basis for
all Bank issues, or if not specie. its equival-
ent. We can see neither the necessity nor con-
venience of a naked gold or silver currency.
We think that the idea of naked gold and
silver currency is an drram hum5ug. We also
think that idea of a currency without sonnd
and reliable sp'c Gle basis, Is also an orrant
hunabug. If the people carry paper currency
or Bank notes in their pockets. they want Sc
curity on them. and that 5, curity shall be spe-
c'e. In expressing our sentiments OH this
question. we mean no disrespect to those who
hold contrary opinions. We believe that
our views here expressed, are the views of
the Democracy of this portion of the Stat /;
but one thing is certain. and that is. that the
Democracy of this portion of the State are
not to be weaned from their party allie
glance or party duties by this question. They
see no necessity for making it party quest
ion at all. All they ask is sound and re-
liable currency. They are not disposed to
wage a relentless war upon all Banks indis-
ultimately. and they sincerely regret any at
tempt to force them into such position. LIT
this matter be properly settled by The next
Democratic State Convention, as we think ii
will be. Let the Democracy of the State, by
their delegates. settle this matter. and then we
shall have the expression of the will of the
p ople untrammcled. The question is a loca
one and all that Is necessary for the penpi
to look to is. to see that their candidates fol
the legislature are sound upon this question.
The next legis ature should he right upoii
this question. The last session of the legis
lature took few steps in the right direction
but did not go far ehough. The question can
be easily settled to the satisfaction of the
people, if We can only dispense with party
clap-traps and party hunsbuy. Let us attend
to the work that is before US and dispense
with all unnecessary labor. Their" are issues
of National Importance. of deeper and more
vital interest to the people of the SOnth and
Tennessee. than the currency question. The
recent attitude assumed by the Black Repub-
lican leaders of the North is porteutous of
coming dang r to the South, and the Demo
cratic party needs all its energies and strength
to meet the issue. The Democratic party OF
this portion of the State are determined that
no local question of State policy shall dis
tract their attention or divide their strength
when more important issues are at stake. OF
this we feel assured.