The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-05-13
3, !, ra,,,reo,, rene L. 81 Eank.

Zen. Jackson The y. $, Esank'
bid Il al, unusuaI iheme in these DAYS los 4
n,cadsY Nd periodical; but lar sfoai u'a...
tercs,snc. aYr. tVILLf1M q. koYa.. = .ae
,.sser of & very clever article sn the sorthr
J, zinc Nd. 3, the soatsern l'ectesr, ae-
$500 1900 sheets Of which have been laid be-
go ~. I'd THE struggle with tie United
states Rank was the great acttoi OF General :
yAcxsos,s administration. asad showed the
MA hero to be possessed OF great sagaca:y
snd unecnauerabie spirit. No other public.
man ia his day sould have achieved that
victory. y. ~
Mr.. RoYAIs. traces very clearly The his
tory oi The grea, conflict, Party seesing ran a'
high, The measures OF retaliation were y re =
sorted TO very effectively. The bank en-
,,,ovea sts n,sails 10 influence psaolic opet-
,an.--sndeed, far more ,nscrupaaoussS titan
WAS believed az the time by the great BODY
81 Che peoples bat General JAcKsos was
wen aware OF the length 70 which q q used s
those a,esns, and was neither stow norl g n.
efficient In his rctaliatioas. They were
sorcib,e and accurately directed. AT every
pcifff flie Administration was guarded. ana
au the blows struckswere telling. The Ola
hero gained overwhelming victories ti at tire I
elections, auIl the bank ccntirSed tostag-
gcr. until It fell; and ifltbe fail TIE Wesid
xpas sst.,nisbcd thnto deeopssen by 1'' s'sh
,,s. millions of assets were Kept up EMIL
lust before the iall when they disappeared
like az ex ploded bubble, leaying ndtains'
asst were, behina. -.
Mr. Royal traces this strangely eFentfui
history, incidentally entering into some ac-
count OF the censure passed by tbe United
States Senate upon General jackson, and
Che subsequent expuneing OF that fesoiu-
fion from The record OF the Senate on mo-
fi6n Of Senator BENTON an act defended
by Mr. Royal upon the ground THAT sne
Senate in passing its resolution sra q nscendeo
Its right 20 pass upon an act,,af the Rresl.
dens Tor which 1t should have simpeached
him. It is of advantage to review these
things now when party feeling Is assnsged'
and.When the facts maybe considered witn'
out and pres udice. 4 .ta.sa,s
JicRsoN was a man OF great force OF char
acter. He was man OF the most devoted
patriotisrn, and was never actnated by any
motive not subordinate TO the public wei wei
fare. one nau who fgEred in the bank
war was amongst, the most bitterly de-
nounced and ,maiigned, and his memory.
nov stands before the country wholly I'M
impeacbed and venerated. and that man was
Judge TANEy, since Cssiei Justice OF, the
Uni.ed States. 1t is q remarkable fact that
in the bank war such bitter passions were
provoked and such mass Of odium and
defamation should have been heaped upon
these men, who have aow been embalmed
in The hearts Of the American people. : s.
Dir. ROYAL does not fail to portray be-
fore his readers the dangers oferecting in
the. political arcnaa great banking power,
the danger from its corruptions and itsfear-
full influence upon political opinions, So
he points on. the perils oftinfation through
the creation OF unlimited numbers of State
banks and the absence Of a proper protec-
tion for the country against the disasters OF
over-issues CT paper-money. Owing to our
fearful SYSTEM OF State banking. the country
was before the war periodically spblectedto
panics and con yulsioHs; and the loss OF mil
lions 10 rotten banks and deprecated paper.
The reader may study with advantage the
past history OF finance. We have history
OF evils and disasters OF finance that would
be utterly wasted upon US were we not to
take measures against theirrecurrence. Mr.
RoYALL does good service in directing at
tention to the mementoes of our national
financial folies. '.. TX
We sympathize with him in bis reverence
for the memory OF JACKSON. In some re-
spects he was the greatest man ever born
in the country. One great point III bis
character that marks him especially amongst
great men was his urbanity and grace in
social life. During his Administration he
stood amongst all the men Of the Federal
OBSERVATION-DISCLOSURES, senator's, congressman.
cabinet officers, all public men, rs the fore
most amongst them In eigillty, courtesy,
and elegance OF manner Especially did he
shine Ia his gallantry amenggst ladies. Born
in the western frontier, and unused to what
people call society life or iashionabIe-societ
life, be rose above all contemporaries. with
ease and grace. Hewas the first OF natures
noblemen. So
We. cesnmend Mr.. RoY1La2s article as In
tefesting and instructive. a3,t:i )
---E-------=----= ".sE..
s.s :