Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-11-30
COKMUNICATIOY,
The Banks.

So much is said and written about banks and cur
rency that it seems impudent for any further
inruds on the public by bringing before them this
much hackneyed subject Yet, dare run the risk Of
subjecting my motives to misoonstructiOn or detrac
ton and state that in whatI have to cay about banks
and banking, and ask that be not pre- judged, as
neither present these views as democratic or anti
democratic, but as principles, emenating from in
herent rights as free and bOundless the cOnstilu
ton and individual rights can make them. Some
Of these views have the sanction of the old Hero.
The question Of currency is which of late has
occupied public attention, and well deserves our
best judgments, and ought not to be lightly passed
over.
1t is well known to many now living that General
jackson (one of the greatest leaders Of the dense
racy) waged relentless aid successful war on the
great monster, the Bank OF the United States
Why did he do so? Its uncontrolled power
dangerous What was the remedyihe proposed
substitute to supply the wants of the people of the
different States of the Union for the withdrawal of
the currency of that great monster, and supply in
its stead the wants Of the citizens for circulating
medium? Let his bold and fearless message tell the
tale to all the world 1t the great rights of the
States in their individual capacities, to furnish the
circulation by State Banks in other words, banks
chartered by the States, which would fill the vacuum
lin the currency by the withdrawal Of the United
States Bank circulation. Why was General Jack
son so nobly sustained by the people in his
the monster? Was it because he opposed all banks?
No-but because he had the judgment to propose
and recommend State Banks as the substitute and
legitimate end for furnishing currency sufficient
to supply the wants Of the people and commerce Had
General jackson proposed no remedy or substitute
think you that he would have triumphed so glor
ously? No. Then if ne vas right, his opinions are
now right The individual States have rights, and
the people under the States have rights, and ought
to be heard and obeyed. General jackson proclaim
ed to the world that the States could and would sup
ply the people with safe and reliable curren
ov than that Of the United States Bank and thereby
regulate the currency. Is this sd Is exchange at
par now in New York? (Answsr you bank men, and
hard money men Was General Jackson right or
wrong? But some will hold up the old General as
opposed to all banks When did he or his party
friends urge this dootrine-after he ceased to be
President Was he sustained in Tennessee in his
views about the United States Bank. He 1Oas. Was !
he sustained in his later opinions as opposedto all
banks Of issue? He rGS not. Did his friends sue |
coed in any election in Tennessee after he adopted
the singular views of no more banks Of issue? Let
the elections Of 1886, 81, 40, al, AS, answer.
When the question of currency entered largely into
the then elections, did General Jackson's friends
triumph in Tennessee at these elections? No.
When and for what, was the Union Bank chartered?
When, and for what purpose, was the Planters
Bank chartered And CAST though not least) what
was the Bank of Tennessee chartered for in 1888? !
Was It for the people; that there should not be
nopoy of bank favorites; but that the Bank Of Ten
nessee might be as sks has bees, The friend Of the pso-
pie.
Did not the people of Tennessee refuse to follow
Gen. Jackson when he opposed all banksf Do not
hen hold up to us that Gen. Jackson was so Op-
posed, and consequently, the people ought now to
urn round and 60 against all banks, whether IT be
light or wrong No man living had more regard for
Zen. Jackson and his opinions, than the writer, as