Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1878-11-05
An exchange we'll remarks that

AN exchange we'll remarks that
Whatever may be said of the Ma
tional Banking system of the United
otates-and it is the fashion Just now
among large class of politicians, t.
attack 1t without rhyme or reason-th,
security of our bank paper is second t.
mat of no other issued anywhere in tn,
world. A National Bank, by misfor-
tune or management, may become a.
rotten as the City of Glasgow Bank il
may sink its capital six times over; i,
may make false returns to the Comp
troller at Washington and deceive the
snarpest bank examiner; it may do al
this and violate every rule of sound OF
honest banking without impairing In
the least the security of its circulating
notes. Instead of being hurried into
the bank when the first whisper of sus.
plclon of its solvency is heard, they
continue to pass from hand to hand like
the notes OF the strongest institutions in
the land, and no man entertains doubt
OF their redemption, even though he
may never have heard of the bank by
Wnlch they We're issued. Security of
This KIND is worth something to the
people OF the United States, and they
VIII hesitate long before they consent to
go back to the old State banking sys-
TEN or accept in its place any new OF
untried one"
1t might also be added, that the PEG
pie not only have absolute security that
the notes of National Banks will be
good at all times, but they enjoy an i'm
munity from counterfeits never known
in the days of State Banks. When we
had those institutions the country was
flooded with counterfeit notes, and
thousands of dollars were lost by the
unwary, who were imposed upon by
finding these spurious notes in their
hands. Let US perfect the present sys
tenn, and never so back to ''wiIdcat" is-
sues of paper money.
The TRUE VERSION OF a WAR IN
CIDENT.-Commenting on the statement
that Capt. Richard Blazer, who died of
yellow fever at Gallipolis, ohio, Tues
day, commanded the "Bazer Scouts"
during the war, (which met and van
pushed Mosby's guerillas on one occa-
sion," the Alexandria Gazette furnishes
the following statement of tho enuoun.
ter referred to:
"A detachment of Mosby's command,
under Capt. A. E. Richards, after hunt
ing for Blazers scouts, finally came up
with thom near Kabletown, in Jefferson
county, w. Va, and killed, wounded
and captured the entire party, twenty
two OF them being found dead upon the
field. The captain, being well mount
ed, attempted to escape, and by the fleet
ness of his horse did succeed in delay
ing his capture for short time, but be
was finally overtaken by private Sidney
Ferguson, who, while in pursuit, having
discharged all the chambers of his re-
volyer at him without effect, clphted it,
and, by q we'll directed blow on the
head as he caught up with him knock
ed him senseless in the road, from which
he was picked up and sent to Rich
mond as prisoner, with every single
one OF the party he had commanded,
except those who had beer killed and
those who could nCt make the trip on
account OF their wounds"
The Rev. S. G. Ferguson, the gentle
man referred to in the above paragraph
as the captor OF Capt. Blazer, i paW the
Pastor o. the 81. Il. Church at Charles
town, w. Va.
The radicals, in their desperoe efforts
to make party capital in the North GU:
of the airy nQthinsa o. ''aoatnorn out
RACES resort 10 ali sorts of means to
effect that end. Among those means is
an attempt to create the impression that
the "outragesn have become SO out
rageous that the Administration il ser,-
oqsiy concernpa about them, ana would
make that concern even more manifest
were it not FOR the restraining influence
OF the law, which law they endeavor to
prove can be so interpreted as, to allow
Mr.. Hayes to use the army as General
Grant did in carrying southern cleo
tons. They say ''let those who rob
their FELLOW citlzens Of their political
rights fec! the halter draw q little
closer" We wonder when they say
this II they have even remote concep-
tion CT What. not only the people of the
South, but large number, if not ma
jority, of those in every State of the
Union think of the men who deliber
ately planned and successfully carried
country out Of its fairly elected Presi-
dent, and how tight, in their opinion,
the halter should draw on them. If
they have, the immunity they enjoy
ought to increase the,r admifation of
Gazette