Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-08-02

FLKDaLIEG OEAToRs.-We looked In upon Mr..
COOKE at the Market house On Saturday night and
found him enlghtening the Nashville OppositiOniss
upon the subject of the Banks or rather as his pla
cards have it, "NErHERLAND aud the Banks." He
seemed in high spirits and was having 1t all bis
own wsy, and altogether must have felt much en-
outraged for say what be would, vociferous cheers
ratified and cliDcSedi it ALL
We hardly know whether Mr.. NETHBRLAxD re-
cognzss this young gentleman as an exponent Of
his principles, but we have certainly given him
credit for than his true share of discretion if
he does. We certaialy supposed that when he
avOwed his sentiments in favor Of Banks with
reasonable restrictions, he was u.ing something
more than figure Of speech, and did not mean
"Btnks without any restrictions at all But we
fnd that Mr.. COOKE is for the freest and easiest
Banking system in the world SO far from the ex-
isting banks, especially the Union and Planters,
needing any restrictions, he thinks they have not
been sufficiently Ostered and protected by the
State; that they have attained their position of
greatness and glory under the bligbting blasts of
State discOuragemenls and that should his party be
successful they will at last be justly appreciated by
the stste and receive the assistance and protection
which, poor weather-beaten innocents they need.
Well there is nothing like being in earnest in
cause What in Heavens name, do the Banks
want, or their friends want for them, which they
have not already? They have been allowed to issue
| promises to pay, which promises only to be ful
filed condition of your eeeking out village
with NEUROLOGICAL name in the mountains for the
purpose of presenting your paper. They have been
alleEod To suspend specie payments for months ct
time, thus borrowing the peoples money, and max
ing good interest upon it, while the people pay the
piper they have been allowed 10 drive the metallic
currency out of the State by the substitution Of
| worthless rags which no one outside of Tennessee
will look at lit would be worth while, if we could
afford to crafty curiosity at such cest, to let Mr.
C. and his party try their hands at financial legsla-
ton for awhile to see what they would do for the
Banks which has not yet been done for them.
His political economy is original, We we're going
to ssy--but at least, he takes up old exploded fall
laces and talks Of them with such ardent freshness
| advocates them with such exuberance of volu-
bility that they almost sound new agair. He speaks
of the currency of the State pretty mush as fol-
lows 1t consists Of so much specie, and go much in
Bank notes; now if wicked Democrats, he argued,
shall offend these beneficial institutions by restrict
ing hemfrOm Issuing promises to pay, what they are
going to pay when they like and hold back Hhen they
like, then the indignant banks will cease TO make
the magnanimous sacrifices by which they have
hitherto supplied US with circulating medium aud
withdraw their paper, and then We shall not have
any money, and serre us right. Now We insist upon
the magua;es of the Opposition sending this young
gentleman to school where he can learn least the
| A. D. c. of political economy, and when he shall
have done that be vii. fad that the more the con-
ditons Of issuing and redeeming paper restrict
ed the better is the credit of that paper ard there
fore the more wllin ;'y taben-in other words, the
reer is Its circulation. That instead of the emount
of gold and silver in the State being thing unal-
erably fxed it depends upon the varying conditions
of the paper currsncy;-that bad, which is only
another name for unrestricted paper currency,
drives it out of circulation and usurps its place,
while restrictions upon paper issues always attract
it and bring it into circulation, principle which
has been admirably illustrated in the retail trade of
Nashville during the last few months, where men
have handled more gold and silver than they had
previously for as many years.
| II the Union and Planters Banks were to retire
from among us in 7irtuous indignation which Mr..
C. to anticipate, if Democracy bears rule he
thinks we could nowhere get circulation to re-
| place what We should lose, We are happy in be-
lievng that the good State Of Tennessee has better
resources to rely upon for her currency than this
her corn AMI cotton, her tobacco hemp and pork will
| always fetch soma sort of o circulating medium
long as there are hungry mouths AID naked backs,
which need to be fed and clothed with those iadis-
! penssbles. The idel with orators of this type is
that Banks make money; one of the most childish
fallscies in the world. Children indeed will say,
"Ps, give US toys" "Ihsve no money, my child -
$50 to the bank and get some then F." Alas, how
| long viii it be ere children of 8 larger growth
! fud out that, Labor alone makes money? Banks
well restricted facilitate exchange but too often
take money from the hands of labor which made
| it, and place it in the hands of speculation aad
fraud which disspate it. Mr.. C's audience however
seemed to be well Satisfied snd cheercd heartily re-
miniag Of ca ,ar's description of one of Ce srs
similar exhibitions. Three or four wenches where
stood cried 'aIIs poor SOUR and forgave him with
all their hearts bat theresnO heed to be taken of
them if Cesar had stabbed their mothers they would
| have done no less."