Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1860-10-13


Country.
The Raleigh Register Of the 10th instant makes
what we must regard most unworthy attempt
to manufacture political capital for Bell and Everett
out of the financial condition of the country This
panic article of the Register states ON undoubted
authority that the Banks of this State, in view of
the alarming condition Of the country, produced by
the threats Of destruction of the government have
determined to suspend discountng until future results
shall be developed" That paper then refers to the
Bank of North Carolina, and assumes that all bust
ness men who have made contracts and engage
ments with the expectation Of being aided by that
Bank, twill come up short, and those to whom they
under obligations will, in turn, be reduced to
great pecuniary inconvenience" The remedy for
these evils which the Register then suggests is that
Maryland, Virginia, North-Carolina, Tennessee Ken
lucky and Missouri shall vote for Bell and Everett!
That the Editor thinks, would restore confidence
in the stability of the Union, if Lincoln should
be elected" and prevent the effects of the monetary
panic now impendingl
So far as the Bank of North Carolina is concern
ed, think it probable that it has already gone in
its issues nearly to the limit of its charter and that
ordinary prudence and good financial management
would suggest that it should somewhat curtail its
loans, without reference to any such crisis as that
conjured up by the Editor of the Register We
say we think it probable for we are not presumed
to knoo the exact condition of the institution or the
extent of its loans In addition to this, the Bank
of North-Carolina, with others in the State, has
lately been subjected to heavy runs by brokers or
their agents for specie; and we may add Also that
tho State TrpaSurnr re fha
of his business in the way of meeting the States
Indebtedness North through that Bank, and as
Northern exchange is now scarce it is more than
probable that The Bank, in of this, and of the
run made by brokers' would be inclined to contract
the margin of its discounts; for specie must be paid
when demanded, or suspension follows; and the
Treasurer must be accommodated, and the States
credit maintained, matter who may fail to obtain
loans. We leave it with readers to determine if
these not sufficient reasons of themselves to
have induced the Bank of North Carolina to adopt
the course it has. We do not however, speak "by
authority" neighbor of the Register does.
When did he become the organ of the Bank of
North Carolina Where did he acquire such a
knowledge Of and such an influence in the opera
tions of Banks as to be able to declare-and that
tVO ny authority -lndI Tue only nope lot tue
Banks themselves, well as for their debtors and
those indebted to their debtors, is to be found in
voting for Bell and Everett? Verify eur neighbor
deserves premium for his discoveries in finance,
and his knowledge in politics. He thinks the Elec-
tora votes Of six States will restore confidence re-
establish the Banks of the State on solid founda-
tion prevent the cotton States from attempting dis
union, and thus save every thing and every body in
the course of few weeks. But never a word does
he say about the very men who are responsible for
the present distracted condition Of the country. He
exhausts all his wrath on Southern men, and has no
word of in the article we are noticing
he assumes, are guilty of cheriShing "incendinry
purposes but he calls for no maedictons and no
punishment on those leaders in the Northern States
who are aggressing upon the South, and whose pur-
poses are knOwn to be incendiary, revolutionary,
and to the last degree disastrous. Party spirit and
desire to obtain few more votes for Bell and Ev-
eret have closed his eyes to the real authors of i'm
pending troubles
But is it true that the Bank of North Carolina has
ceased to discount? We understand it is not true.
We understand that the Bank still discounts good
paper short time but that its operations in this
respect have been necessarily restricted of late by
the circumstances mentioned in this article. So far
as the other Banks in the State are concerned we
have heard nothing from them Of this panic which
has so seriously disturbed our ncighbor. No notes
of alarm have been sounded from Wilmington, or
Washington, or marlborough, or Fayetteville, or
Salisbury, or Charlotte. The Banks at these places
have not yet heard the news" which our neghbor
announces "by authority"
That there are dangers ahead no one will deny;
but these dangers will arise, not from the course
which Southern men are pursuing but from the
election of Lincoln by our abolition enemies. Mean
while we advise the business men Of the State not
to be alarmed by this article of the Register 1t is
financial article, intended mainly in all probabili-
ty, for political effect Indeed the aluson to Mr..
Breckenridge in the conclusion of the article and
the attempt to show by insinuaton that his sup
porters disunionsts, 60 very far to prove that
the object of the article really is political AS such
we pronounce it unworthy and mschievous-as cal
cuated to disturb business to impair confidence be-
tween man and man. and to lead to the very "pe-
cuniary Inconvenience" distress, and bankruptcy
which the Register deprecates and which that pa
per- with wisdom that should produce astonish-
ment, soemly declares can be averted in no other
way than by casting few more votes for Bell and
Everett.
- Breckenridge and Lane NdSs Meeting
will be held, and dinner given at Leechvlc, Beau
fort County, on Saturday the Goth instant. All per
sons irrespective Of party arc invited to attend.
number of speeches expected. We trust there
will be full turn out of the people on this occasion.
The present is most critical period in the affairs of
the country Every citizen is interested and pains
should be spared to ascertain how the votes should