nd as the
Bank of the United States, which, in the first place, by bringing so
much capital into the market for loans, lessens the influence of all
banks, and, in the next, may perform its several functions without
regard to the smiles or frowns of any politicians whatever.

This is probably the influence which is really objected to in the Bank
of the United States, that of disenthralling the people from an utter
dependence on the state banks for the various accommodations those
institutions afford--an influence which it appears to us no true friend
to his country should wish to see diminished, however inconvenient it
may be to those who would make banks and every thing else subservient to
their purposes.

3. But the Bank of the United States, it seems, must be brought into
collision with the local authorities, and occasion perpetual
apprehensions and discontent on the part of the states and the people.
We know not upon what facts the president or his advisers have made this
statement. It is in direct contradiction to that made by the committee
of ways and means, who say--

"It is due to the persons, who for the last ten years, have
been concerned in the administration of the bank, to state,
that they have performed the delicate and difficult trust
committed to them, in such a manner as, at the same time, to
accomplish the great national ends for which it was
established, and promote the permanent interest of the
stockholders, with the least practicable pressure upon the
local banks. As far as the committee are enabled to form an
opinion, from careful inquiry, the bank has been liberal and
indulgent in its dealings with these institutions, and, with
scarcely an exception, now stands in the most amicable relation
to them. Some of those institutions have borne the most
disinterested and unequivocal testimony in favour of the bank.

"It is but strict justice also to remark, that the direction of
the mother bank appears to have abstained, with scrupulous
care, from bringing the power and influence of the bank to bear
upon political questions, and to have selected, for the
direction of the various branches, business men in no way
connected with party politics. The Committee advert to this
part of the conduct of the directors, not only with a view to
its commendation, but for the purpose of expressing their
stro