Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1862-11-07
JgI 1trbman u state ouurna..
MONTPELIER. NOVEMBER 7, 1862.
BY E.p. WALTON.


MONTPELIER, NOVEMBER 7, 1862
Tue BANK QUESTION. Two communics-
lions have appeared in the Journal on the
question Of rechartering banks, and both
without the assent of the editor. He would
cation or explanation. Having but small
peraonal interest in banks, he has less partal-
" for particular ones. In fact, an editor has
no business with any Partially at all. He ia
the servant Of the public, and responsible, so
far as his influence goes, for the public good /;
else he neither understands nor honors the
high profession in which he is placed. The
editor Of the journal, then, has nothing to
do with the particular cases before the Legis-
lature, and the utterances Of his paper should
be limited solely to the principles on which
those questions ought to be settled. II we
consider the franchise Of bank privilege
to It's stockholders simply, then the doctrine
OF tue communications TO which we refer is
clearly right There should be no monopoly
Of the privilege and profits Of banking to
particular persons-no fayoritism, political or
per,onal,-b rather as occasion occurs, a
fair distribution Of those privileges to the pub
lie If A. has had the privilege for years,
and b. has not, it is manifest, as personal
matter, that A. ought to yield the privilege
in turn to B. That is simple justice. But
banking is not mere matter Of personal
benefit, but rather for the public good. Banks
are chartered for the public benefit, and new
or ought to be granted on any other principle
Private interest should be entirely subordin-
ate. Ike then the case Of safe and pru-
IDENTIFY managed bank, an institution which
has served the public faithfully and has the
confidence of ALL We have no doubt that it
NAV be the duty Of the Legislature to rechtr-
ter such bank that it may continue it in
the control of those who are entitled to the
credit Of wise management; but still, by in
crease Of capital or otherwise, 1t may also be
its duty to admit new men to share IN its
stock. Take another case, if such may be
found-of bank badly managed, or a mere
machine to help the business or the interests
of few rather than Of the public. Such
case will with justice fall within the rule
stated by our correspondents. How this rule
may affect pending cases we know not. It's
enough for rs that it is right.
TRug Fermentation. John A. Dix Of
New York. refuses 10 join in the opposition
to the Administration. In letter Of Oct.
%, be said
my whole course through the war has
proved my devotion TO democracy aud con
seryatiye principles. Ne assurance should be
needed that this faith is unchanged. But at
a moment like this, unless all parties will rail-
], round the Government in putting down
TINS rebellion, leaving questions among orr
selves 10 be settled when the national honor
is yindicated and our existence as nation Sc
cured. there can be nothing TOT US IN the Ia
ture but disaster AID disgrace.
Such men are better than democrats, bet
ter than republicans-they are patriots. No!
there is no genuine democrat, there is no gen
ulne republican, VINO Is not patriot. All
tne resi- aio saalDs- -s's '''ss'a'
or ignorant, or traitors to their country. We
rejoice that the people Of Vermont have thus
far been almost unanimously patriotic, almost
unanimous in sustaining the Government.
Glorious Vermont So may 1t ever be-
CoNaREssloNAL DIsrRIors - Senator
Peck has intr. duced another bill as follows
Isl District Chutendeu, Addison, Rutland
and Bennington.
al District Washington, Orange, Wind
sor and Wiudham.
Sd Dstaot-Grand Isle, Franklin, La
noble. Oresns, Ess x and Caledonia
In one respect we think this s better than
Senator Benuey's bill still we prefer the
Districts as they are. BY the way, the Rut-
land Herald saws, with some truth, that these
plans all come from Washington County poll
iticians. We are of opinion that there Is
not man in the county who would have even
thought Of onange OF districts were II not
for two or three Montpelier gentlemen. The
county would gain nothing by either change
rzy The Government has ordered two
,h;n,s of vast consequence. One is to re-
rossess Texas. and that has been assigned To
Mai. G,n Banks the other is to clear the
banks Of the Mississippi river Of rebels so as
to omen the river for the commerce of the
West. and that has been assigned to MAJ
Gen. McClernand. Both generals are from
civil life-both served in Congress-bolh are
poliueians-both are fortunate generals, new
ertheless. One is a Republican and the other
A Democrat. When the Administration thus
ignores party considerations for the public
rood. why do democratic politicians oppose
the Administration on party grounds' Is II
that persoDal ambition or party reJudiee Is
stronger than patriotismi Or Is 1t because
they have really no patriotism, and hope TO
serve the rebels by breaking down the Gov
eminent;
YsThe Freeman is right in saying that the
editor of this journal has not been aole to
mingle with members of the Legislature at
the present session. For the first time IN
many years he has been debarred that pleas
ant and valuable privilege, and if consequent