The Massachusetts spy, and Worcester County advertiser. [volume] ([Worcester, Mass.]) 1825-1831, 1830-04-28

| UETTED STATES BANK. IL will be recollect-
cd that, in the Message of Gen. Jackson to Con.
gress, which was supposed to be the production
OF the concentrated wisdom of the whole Of his
luminous Cabinet, when speaking of the Bank
of the United States, this extraordinary declar
alton was made:
Both the constitutionality and the expedi-
ency OF the law creating this Bank are soeu
Questioned by large portion of our fellow citi-
zens; and 1t must be admitted by all that 1t has
failed in the great end of establishing a uni
form and sound CURRENCY
! AS substitute for this institution. Gen. J.
then proposed the monstrous scheme of Ma
TIoNAL BANK, to be entirely in the hands, and
under the control, Of the National Government.
! This subject, thus presented, was one of too
much Importance 10 go unnoticed, and accord
ingly the Committee of Finance of the Senate
took it up, and, short time since, made an able
detailed report, in which it is concLasi1eEy
shown by facts and documents that the Bank
has fully succeeded in the great end Of estab-
\ fishing uniform and sound currency" In adj
dition to this, the Committee of WAYS and
Means have just made report ON the same
SOoJSSS1 LuOi SuolIHdIS O00TRo
M'Dufie, to the House of Representatives. We
have not yet seen the Report, but it is spoken
Of as most mastery and triumphant perform.
ance. We learn from the National lntelligen.
Ger that it " examines the question concerning
National Bank, as presented by the Presidents
Message, under three great general heads, or
divisions, viz First, the power of the govern
ment TO establish Bank as an agent for the
correct and proper administration of the finan-
cial concerns of the country Secondly, the ex-
pedlency of establishing, with that view, such
an institution as the present Bank of the Unit
ed States: and thirdly, the expediency of sub
shutting, for such Bank, National Govern.
ment Bank, as proposed in the message of the
President. Each of these points is very fully
and conclusively argued in the report The
decision OF the Committee is unequivocally in
the affirmative, on the two first of these ques-
tons, and as decidedly in the negative on the
third. The various objections to Government
Bank, as financial measure, are perspicuously
stated, and the climax of the objections to it 10
presented in terms which we quote from the
report, that they may speak fer themselves, as
follows:
But the inevitable tendency of Govern
ment Bank to involve the country in paper
system, is not, in the opinion of the Committee
the greatest objection. The powersul--and in
the hands of a bad administration, tho irresis.
t'0te and cOrrupting influence aohick It tcouid
eIeTc'Se ooer the elections Of the country COR
stitutes an objection more imposing than all the
others united No matter by what means an
administration might get into power, with such
tremendous engine in their hands it would be
almost impossible to displace them ,citko1t some
miraculous intsrpositiOn Of ProUidsncs."
Thus are these doctrines of the message,
which we at the time pronounced monstrous, .
refuted and put down by committees of the
Presidents own party, appointed by the two
Houses OF Congress, in both of which he has q
decided majority. rs,
When Gen. Jackson was a candidate for the
Presidency, he was opposed, on the ground that
no was deficient in the knowledge of public af.
fairs necessary for the duties of the Office, and
his own friends are now every day furnishing
proof that these objections were sound and we'll
founded. The time is fast approaching, and
will assuredlv come, when his election will he
universally admitted to be one of those extra.
ordinary Incidents which can be accounted for
only by the excess of party rage
JACKSON LOGIC. One OF the princinal arru.
ments used in favor o. Jacksonism is, that it has
the ascendancy in a majority of the States, and
that therefore we should embrace it to avoid
being in the minority. Let us see what this
reasoning will bring us to. For instance:
In a majority of the States free schools arc
not established; therefore Massachusetts ought
to abolish her public school system
In majority Of the States, slavery is toler-
ated therefore it ought to be introduced into
Massachusetts,.
In majority of the States, duelling is per-
mitted with impunty, and the man who muir
ders his neighbor in fashionable style, does not
thereby lose his standing in society therefore
duelling should be encouraged in Massachu-
sets.
Such are the absurdities to which the Jack
son logic would lead US and such in fact are
some of the effects which would result from the
prevalence of the genuine spirit Of Jacksonsm.
-o~<>~e-
WORCESTER COUNTY AGRICULTURE.
AL SOCIETY.
At the Annual Meeting, on the 18th inst,
the following officers were elected: President
Levi Lincoln. LIST Vice Presidsnt-Aaron
Tufts. I'd Vice Presidc1t-Silas Holman Cor
responding Secretary--Oliver Fiske. TreGsur-
sr-Theophilus Wheeler. Recording Secretary
William ID. Wheeler, Trnstses-John Davis.
Worcester, Seth Caldwell, Barre, Heman Steb-
bins, BIookfeld, Salem Towne, Charlton, Ebe-
nezer Estabrook, Holden, Jacob Fisher, Lam
naniar Iannn Cn,iiho.n4o