Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1864-01-18
Prom the New York Independent.
New National Banks.
SAFE DEpos1roR1ps roR rHE oovppuv,


New National Banks un
SAFE DEPosIToRIRs FOB THE GOVERNMENT
clergyman of some considerable tai,
ent "once upon time" was summoned be
fore his brethren in the miDistry-as tn,
story goes-to answer to the charge O
l telling big stories-of magnifying the truth
to most marvellous extent. His audiences
of two hundred and fifty persons were pro.
claimed to be 'One thousands" his church
fifty members, he said, numbered "thre
or four hundred;n his SabbaLh-school of a
few score ''outuumbered any school in thai
part of the State" His tongue, at length,
became so used to exaggeration that il
was deemed prudent to check him in a
formal, public way, as all private expestu
lations had hitherto failed. The day at
length came for trial, and the poor man
appeared before the solemn convocation OF
his brethren almost heart-broken. He
begged for mercy, and declared most en-
phatlcally that if the past could be over
looked he would in future lead more
exemplary lite. His eloquent and touch
ing appeals were not in vain. The council
unanimously voted that their erring brother
should be excused, all believing that his
usefulness in future might possibly be in
creased. The "result of council" was
i
affected him so that he cried like child,
and the whole assembly also was melted
to tears. AT length he'arose aud ChokingIy
attempted to give utterance to his feelings.
Brethren" said he 81 thank you with all
my heart for your Christian forbearance
aud kln4ness (sobbing alOudD have
mourned over this matter day and night
(sobbing) for years and years. The fact
of it is, brethren, (sobbing,) l have ehed
barrels Of tears over this my great weak
ness (soboing,) but though l may live to
be as old as Methusalah, (sobbing) you
never shallrhave occasion to censure me
again." He then sat down:
Now, the whole COpperhead press are so
given to telling big stories, to "msgnify-
ing the TRUTH" to monstrous exaggerations,
that it is unsafe ever to believe them
They tell-big stories about-the Presi-
dent, his secretaries, the army, the ruin of
the cOuntry-everything We won't call
them hard names; but if Ve talked as they
do, we should call neutrality-suspicious., in
plain English. Mind, we don't call them
such names-not at all. .t .-....
These Copperheads don't like the policy
ofSecretsry Chase in establishing national
banks They say that these institutions
will ruin the country that uniform cur
rency throughout the nation will be a
monstrous calamity. These and other
Anauias and Sapphira stories are told SO
boldly that now and then weak minded
man is led astray thereby. But what is
worse than all-what troubles the Cop
perheads the mOst-what causes them to
''shed barrels of tears"-is the fact that
the "peoples money" should be diverted
from the great national Barathrum-the
Sub-Frensury-intO these new national
banks. They would have everybody be-
lieve that all these deposits were actually
lost--that there was only one safe place
in the world for moneY-and that is the
Sub Treasury. Now, gentlemen, we will
give you the following facts, and when di-
gested we will be glad to hear from you.
John J. Cisco, Esq, most worthy ex.
cellent man, is the Assistant Treasurer of
the United States for New York, and car
ries the keys to a vault which MOI contains
more than thirty millions of dollars. All
this money to the Government, aud UDcle
Sam has bond from MIR. Cisco with good
sureties tOr-hOw much do-you think,
Messrs. Copperheads for just four hun.
Gred thousand dollars and no more Now,
we say that, probably, the ouly unsafe place
for 80 large an amount of money is the
Sub [Freasury. Suppose three or q dozen
men in the employ of Mr. Cisco should con-
spire together to rob the Government, who
can tell. Whit the result would BE Pin
case of the loss of ten millions of green
backs between some Saturday night aud
Monday morning, who would be RESPONSE
BILE and make good such loss Mr.. Cisco,
to be sure, if called on, would promptly
pay his bond, and that would be the end
of the matter. More than nine. tenths of
the stolen money would be lost.
Lot L. IL e
national banks as Government repositories
under the wise regulations of Secretary
Chase. Every sucn bank must give good
security every dollar of Government money
it receives. Whoever gives said security
whoever signs the bond-must swear that
he (or they, as the case may be) is worth
double the amount of the sum deposited,
which in no case can exceed the capital Of
the bank. The basis OF the bank in the
first place, be it understood, is Government
securities. Now, if twenty. five of the thir-
ty millions at present on deposit with Mr..
Cisco could,be transferred to twenty-five
national banks, we think the change would
be desirable. The money certainly. would
be more ,safe.5 In the one case more than
thirty millions of dollars are deposited on
only four hundred thousand dollars secur-
ity, and in all other cases full security is
given for every dollar in hand.
No, no, gentlemen, you must FIRE your
pop guns at some other feature of the new
national bank law, AS repositories for the
Government they are the best and safest,
and are destined, in our judgment, to sn-
pei sede the Sub Treasury almost entirely.
What next? ~ -,
chronological G character or Mr.. Mark
-'. .ss- ' ta m1lberFYS E6qs '.'t..h .-