- For the North Carolina Standard.
RESUMPTION OF SPECIE PAYMENTS.
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We told by the Banks that they are quite as anx


ious the public can be for resumption for that


while in state of suspension, their profits much
smaller. Ireadily admit that if they and permit


ted to throw out redundant issue, and keep in crcu


laton, their profits will be increased but utterly deny


that they derive less profit nOc than they would by do


ing business that both safe and legitimate and fur


nshng paper circulation of par value 1t notorious
fact, that while the Banks refuse TO pay citizens
SPECIE they paying specie at the counters of the New


York Banks specie must be paid there, to enable
them draw. Is this fair dealing? Is this promoting
the 'great public interests entrusted their manage


ment: But told, if they resume our State will
be drained ofs specie Now tbs argument is pausi-
BILE; but experience demonstrates its allacy The New
York and eastern Banks drained although they
promptly redeem their notes; and although our Banks
have not the advantages of the favorable position of the
New York Banks, to which point centres all commercial


transactions yet the cannot be said of the New Eng
land Banks 1t is we'll known that when Bank note is
equivalent to specie, or when it be exchanged for
specie the will of the holder much preferred as
being portable and convenient 1t is improbable
that drain would take place, if our Bank notes
equivalent to specie, when such cogent would
operate to prevent it. But hold it immoral and dsho
est in our Banks to shelter themselves under the deln
quency of other institutions with which this State has
nothing to do. We told also sufficient remedy is
provided in the 12per cent interest given to individuals
upon refusal to pay species and expression of pub


lie approval of suspension has been assumed from the
fact that very few penalties have been exacted for re
sal ofspecie Now, put il to the experience of all,
if this true. Where the individual who can and is
willing to enter into controversy with the Banks and,


if disposed stand any chance thereby, of compel
ling institutions of such large capital to comply with their
the public ask ALL it, from the depressed
state of business and the revulsion Of onetary affairs


this argument is entitled to the smallest considerations
Let the question be submitted to the people fairly and d
recty, and my word for it, the loud peas of Resumption
will be heard from four-ffths (may l not say nine
tcnths y of the voters in this State LILLY.