Nashville patriot. [volume] (Nashville, Tenn.) 1858-1860, 1859-05-31

to retract. We desire also to call public at
tention, as showing what is true issue now, to
the following extracts from the files of the
Union and american.
"And these are the kind of institutions
that the people must continue to deal with so
long as banks are chartered. Ho,o lana shalLltey
be tolerated. HoU long shall the popular sense be
insulted Jy their continudnce7 Who rNcontrib,ae
TO a5dte the nuisance? Who rM erdeaUor to per-
petudte II ?"
Again:
3. The fact is Ithey the banks] make nothing
but uncertain and peT7aicious credit system, by
which few have been enabled to get rich at
the expense of the many" -
Again:
"Our fathers who framed our National Con-
stitution were wise enough to know that
paper currency could never be made sound
substitute for money. and therefore instituten
a clause fOFbidding the States TO issue bills of
credit. Every paper dollar issued by State authority
Is unconstitutional dollar; and eUery iegisLatOr
,rho Uotes for paper money ulolates his oath 10 sup
port the Constitution Of the United States"
Again: f#HH
''Gold and silver have by the common con-
as the standard of all value-the medium of
all exchange; and not the worthless and
spurious procreation of banks-poper issues.
Hence IL is the Imperative
duty Of The National Democracy to establish at
once, aCltere ii is possible The currency of the State
upon The uniform and solid basis Of gold and siIcer."
Again, discussing the "Crisis and the
Banks"
90 But we conclude that the sequel will
show that the banks were not entitled to this
public confidence; and if so we should do
nothing to hull the people again into this
fancied security; but, submitting patiently
to present evils, take such steps for the future
as will, in reasonable time, entirely relieve as
from this false and pernicious system, and restore
the country 10 its legitimate and constitutional
reucy, gold and siLUer."
Again:
(" We belieue that all banks are tCro,,g and the
banks in Tennessee in particular, and that
they are a: war with the vital interests of the
country" -s
Again, discussing Another Bank Party:n
''The people. after having had fair test OF
the United States Bank, with Gen. jackson
at their lead crushed it out. They have since
had a fair experiment with State Banks,
know their rottenness and ready to uipe
The last one Of them from existence. If any gen
He,nan or party, think they can build themselves
up by becoming the champions Of banks, let them
come on. Now is the prQper time TO try it," --
We cannot no further with these reminis-
cences to-day. We have taken the liberty to
emphasize such portions as indicate the de-
liberate and settled purpose of the Union and
american TO make the issue directly and
broadly between a paper currency and an
exclusive metallic one. In the last quota
tion the gauntlet is defiantly thrown down.
And although our contemporary steps lightly
and cautiously on that issue nor, it cannot
escape the issue. The platform of the Oppo-
sition did not undertake to state the provis-
lens that would Be proper to incorporate in a
bank charter. They believe that a sound
paper currency is possible and practicable.
They declared fairly and distinctly Sin favor
of sound and well-regulated banking sys-
tenn; the issues whereof shall, by being pay
able on their face at the place where issued,
be convertible. at the will of the holder, into
the precious metals" The issue is against
this position, and for an unmixed gold and
silver currency. Let the people decide be-
tween them.