The national Republican., 1867-11-27
interesting Reading on Every Page
THE NATIONAL hanks.

We have never, in the history Of the country,
had system Of banking that pleased every
body, and may safely conclude that we never
shall reach this state OF perfection There il
nothing so easy, nothing so delightful As the
privilege Of grumbling. It is our Anglo Saxon
pastimo-a pleasure that our race delights in,
and our people are accustomed to indulge In II
to the top OF their bent. We grumble with
every body and everything. 1t is our right and
our privilege, and right valiantly do We mani.
fest IT,
A proposition was introdu uced into the House
yesterday, which contemplated the utter over.
throw # the national banking system 1t was
probably spraDg upon the House as fsslsr, and
the vote on it must satisfy the enemies OF this
system that they can have but little hope Of
success If they mean a radical change In the
present financial policy, policy which the war
necessitated, and which practical results since
have shown to be both wise and beneficial
By the national bank system We have arrived
at results and met certain condition, which
is dssidsratum not to be rejected or set aside
for any trivial considerations which present
themselves as the theories Of a Hypothetical or
mere mythical nature.
This much we know to be great gain over all
former systems wo have q currency good In all
parts Of our broad land. It Is immaterial where
the bank is which issues the bill. 1t 10 good 10
Eastport, and equally good on the Rio arande.
Itisa dollar In New York, and has the same
value 10 Alaska. The bank may be alive and
doing business, or 1t may be broken and Of no
account. There is this security, the bills srs re,
deemable at the Treasury, and while the United
States Government exists, paper dollar in ma
tional currency will bring its value. and whsr
We reach specie payment, 1t will bring the gOld
and silver. What, now, do we want except Il
reach specie payments? Tho numerous mode
suggested 70 reach this desiderdtHm, are moi
questions which We can discuss In this oonnec
tiOn to-day, though we may take time to Civ
our views at length hereafter. The multitude
OF dostoB who propose to cure the evils Of oul
present system, unfortunately disagree amonl
themselves, and their remedies are as divers,
ind contradictory as It Is possible to conceive
1tis easy to pull down, but to build up Is tn,
question, and just here lies the difficulty. W,
may suggest remedies, improvements, amend
rlsnts, but to reach and perfect the system with
cut producing shocks and disasters In the busi
Ies Of the country, is the question to bs kep
pppermost. constantly, and always Doubles
our present system Is liable to certain objsotionI
It can be abused, and II there be anything huma
that cannot we have yet to see II.
We believe there 10 q disposition 10 Congress
to so modify this banking law that It may b
rendered more effective and even more soour
aad Of greater utility to the people, and we trus
that such deliberation will be given to the sub
ject as will SECURE tho greatest and most desira
bic results, which shall rebound to the advan
trge Of both the Government and tho people,
We deprecate in times like these, and upon sub
jects connected with finance, all immature an
hasty legislation which spring from the passion
Of the hour, or from mere political opinion
brought about by heated discussions and parti
Fan diatTIJeg.
We are doing, all things considered, very well
We have waited lopgi and wo can afford to wal
longer, SO that our improvements. when reached
may be Of character which will commend them
selves to the bOst judgment of our ablest fnau
cisrs, and will 10 such as meet the copsidorat
Judgment II the people.
Hasty legislation, unwiss tinkering with law.
Is never advisable but especially are thss
things to be deprecated when resorted to in re
erencs to that most complex and abstruse sui
ject, finance.