Staunton Spectator, And General Advertiser

The ferment in the 'Cabbage State,' as the Petersburg Intelligencer facetiously calls South Carolina, in regard to the proposition to establish a new United States Bank, and the threat of the Calhoun faction that they will resist the measure by Military force, affords another striking instance of the inconsistency and recklessness which mark the course of their wayward leader and champion. It is only a few years since Mr. Calhoun was boasting, as loudly as a swaggering camp-follower of forty pillaged fields, of the support he had given to an Institution, which he would now have us believe, he regards with a holy horror. Hear what he said, on this subject, in the Senate of the United States, as late as 1834:

'I might say with truth, that the Bank owes as much to me as to any other individual in the country; and I might even add, that, had it not been for my efforts, it would not have been chartered.

'I must content myself with saying, that having been on the political stage without interruption from that day to this—having been an attentive observer of the question of Currency throughout the whole period—that the Bank has been an indispensable agent in the restoration of Specie payments; that without it the restoration could not have been effected, short of the utter prostration of all the monied institutions of the country, and an entire depreciation of bank paper, and that it has not only restored Specie payments, but has given us a currency far more uniform, between the extremes of the country, than was anticipated or even dreamed of at the time of its creation.'

Is it not strange—passing strange—that such a man should have influence in any enlightened community?