The North Carolina Standard

FOR THE NORTH CAROLINA STANDARD.

THE BANK WHIG PARTY.

We see in many quarters, and it will soon be general, that the Bank men of the Federal Whig party are dropping off from a National or United States Bank and are rallying under the State Banks. It is true that when Gen. Jackson took the deposits from the Bank of the United States and placed them in a few of the State Banks, the Whigs abused them terribly—calling them the pet Banks of old Jackson, the instruments of corruption, &c. But as soon as they stopped payments and embarrassed the Government, almost to bankruptcy, the tone of the Whigs is then changed and they are seeking an alliance with the pet Banks, offensive and defensive. This has been the case with the pets particularly—many of the State Banks have always been with them. It has now come to this, even in North Carolina, that if any paper in support of the Administration says a word about the unlawful or unjustifiable course of these institutions, the most of the Whig papers instantly raise the cry of "War against the Banks by the Van Buren party." and as another proof search the Message of His Excellency the Whig Governor of North Carolina. Now the fact is that a majority of the Republicans are not opposed to banking provided it is done on correct principles. If they will give us Banks issuing none but large notes so as to afford a specie currency for all ordinary small transactions, and large notes redeemable in specie at all times and under all circumstances for large transactions, and not use their Banking privileges for political purposes, there will be no complaint—indeed there never has been any complaint against the Banks in this State when they have complied with the laws of their charters and used their privileges for the purposes for which they were granted.

TRUTH AND JUSTICE.

Dec. 4, 1838.