National Republican. (Washington City (D.C.)) 1872-1888, 1873-11-05

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so.,aro. in favor Of tho Na,i,poi R,nts on1
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During the last six or eight weeks tho ma
tional banks have been soundly abused In
many OF the Journals and by several of
the stump orators. We have been told
TINT they were responsible for oil the Diff
Guilty and trouble that has come upon us, and
that the great and principal lesson Of the panic
was the necessity which i demonstrated Of n
radical and immediate change In our whole
banking system. This and that States
intending To hiring forward th,s and Tim,
msasure leaking IN reform and 10 n so,,,,on
of the situation. Al ieast two .cor. con.
pre.smen have announced that tbcv mr., In
favor of free banking, ar in1ati,n. or
contraction. n moro elastic currency or
some other all sovereign and healing nos
trum, The national banking laws NAV and
| probably do need amendment; but with the
Led1sr we believe that the lea, the law
Ia tinkcred the better. Taking them nil In all
the banks have uallantiy stood all the de-
mauds made upon them, II they had been
the weak and rotten concerns which their on
ponents have been telling us they were, thew
would have been swept avay by the first
breath of the late storm. A IL IL. only two
or three have rome under. In fact tho pri.
yate institutions and State eoncerns which
failed outnumber them ten To one. Our
present national currency is AZ good n pa
pcr currency "A any country over had and II
scem. TO n, that IL sbould not he lich,l,
thrown away for something which NAV
provo to be not half as good.
Mr. TRACY ROBINSON, the superintendent
oil the Panama railroad, has written o lette
10 Rear Admiral Amy, thanking him 10
the Invaluable service rendered by yoursel
ana the onccrs ana men oil the United State
navy III inc protec'ioh OF the transit during
Herald, in abiding to the subject, says, "or
the Part oil the quiet-hying citizens OF Pana
ma, both national and foreign, VIC arc sur
we speak the sentiments OF the majorit!
when We say that they feel thankful to Ad
miral Almy for the prompt manner In which
be acted for their hencft i, tho rcvo,,,,on.r,
80 'e.s"s :" 'n' 'e'ou''o.a'
storm winch, IL Is 10 DO hoped, mas passed 10
the CITY at least, All praise Ia also due 1,
an, ,.,.,,... L., LII, a. ,,- :, -
.no MANNER III "nieh tnc oihcers anu men de
tached TO carry out the Admiral's instruction,
| -, '"N "1N' s"'u ''"'
| lhey nave, Without exception, behaved In
manner highly creditablc To the United State
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