New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-01-06
THE HANK REPORT.

Mr. Van Dyck, Bank Superintendent of the
State OF York, has been known heretofore
AS a determined adversary Cf the National
Banking System. lilo was So not merely on
principle and conviction, bat IN some measure
by the stress which his office imposed upon hn'
since 10 was almost inevitable that he who was
made guardian Of the state banks should feel a
certain au agonism TO n system that was destined
eventually To- superscd- them. His report last
year was mainly devoted 10 all elaborate and
vigorous argument agains, the National banks,
and in favor Of retaining The present state
organizations He made himself the tnau-
cial champion OF State BanSs, and his hos
tility 20 Mr.. Chase's scheme indicated probably
the extreme length 10 which those who con.
CURED with him in opinion were then prepared
10 60. When, therefore, IL is found that Mr..
Van Dyck i'll his present report abandons
wholly Or substantially his ground OF last year,
we apprchend that the stOute't remaining foe
of the national institutions must feel that his
opposition is become irutless. The current
which had already began TO carry the State
banks over TO the National system is getting
20 strong thst few even OF the most sieadlast
can long resist its force. The most conserVa-
tive and veteran francier must make mp his
mind 10 revolution, and the State Of New
York, which has hitherto felt just pride in
the excellence Of its banking system, must be
content, and will surely be glad. 10 share its
benefits with tho rest OF the country.
II would not be just 10 Mr.. Van Dyck to
represent him as surrcnderlng the opinions he
has heretofore expressed. On The general ques.
tons A. issue between State and National sys.
tens. We presume he would declare himself Of
the same view, "a before. But circumstances
have changed, and Mr.. Van Dyck is wic enough
10 change with them. Tie establishment oi
new N.diona. banks and The reorganization OF
State banks under the national law have gone on
30 rapdly that lie SAW tie result Was sure: and
upon the ground that successful struggle OF
state against Nation was impossible aud any
struggle az al uuwi-e, he fsvors m scquiescence
lin policy. which ii he does no; who'll, approve.
no knows il is Numerical 10 oppose.
Logically, IL setns 10 US, Mr. Van byck--
snd we speak OF HIM a. representative usu-
must sooner or later haye bcru conducted to the
,an,e conclusion. lie himself ,ays OF the Ma
! iiOnal system:
"As . psprr currency system II rudoobiedy Ioutp
A.. ,r.ai sayantages over ITO un,eeu'ed circulation
has ptpvsii.d in otteY STATES. Its essentlsl iss
tine. ARE transcripts frtsn The banking isweof New,
York. nIplcd Ia wider thcstti OF oltrnioht, ana
doinr "a, other Statfs what our own experience las
" sely suggested for tbs
80 that every argument which can be urged
! in favor OF retaining the State Banks OF New
York il equally an argument for extending the
National system 70 every other State; and when
that is once done, New-York can no longer have
a motive for standing out alone against the rest
Of the States. Their prosperity and hers are in.
dissolubly linked together, and it mast be for
the interest Of all in the end that the same i'nan.