The Massachusetts spy. [volume] (Worcester [Mass.]) 1831-1858, 1832-09-05

mercenary plans Of the Albany money
changers and their despicable Washington asso,
ciates should succeed in deceiving the people, anu
Andrew jackson be nominally reelected fresi-
dent, the affairs of the Bank OF the United states
must inevitably be wound up, and the country con-
vuised TO its very centre. The falme1' tho nie
chanic and the merchant, will alike be proslratea'
Bankruptcy anu ruin will be the fate ct thousands
and tens of thousands and the specuiS'ot, 'ne
man of dollars, the money -chsheers oil the iahu'
will revel in the ndiscrmnate rum tney nave
produced, and the general plumber they viii DIVIDE
with their unprincipled associates. This is no
painting of the imagination no picture oil dslfess
drawn 10 alarm a conhGing peopie-but melan-
clply truth verified by the experience oil the past,
when the old Bank Of the United States, with on
iy eleven millions of capital an' thirteen millions
Of discounts was required to wind up its concerns.
aided by seven millions of dollars in the pub
| lie treasury Now we have a Bank OF thirty
! FIVE millions with sixty millions of discounts. and
in the west alone they have th.ry inidt0hs OF DIS
counts more than the they hold OF The STOCK
of the institution Let every honest man, then, put
to himself the question-N hat VIII be inc result oil
winding up the present institution!
! The Message of the President containing his OBJ
lection to- aud vetoing the bill re-charterins the
Bank Of the United States, is one Of the most ex-
tsaordinary and dangerous documents which has
ever been put forth by 4 Chief Magistrate. and
aims vital blow at the judicial and legislative
branches of the government. 1t is withal, not on
ly utterly deficient in sound reasoning, but ad-
dressed TO lie worst passions OF our nature
mere eleclioneerlng paper, designed to array iht
I poor against the rich-a document which NIGH
have been addressed to the caaaille of PAN:
during the worst period of the French revolution
but which is absolutely disgracetul 10 the ESecn
tive Of the United States. and disrepuable TO thu
age 10 which we live. Although the limits of thi
address, viii not permit review of this eItraor
tinay state paper yet | feel it incumbent on M
briefly to refer to some of its special pleadings
erroneous conclusions, and unconstitutional usur
leations of power.
4 The writer of the veto (supposed to be Amo
Kendali,l Throughout the entire argument on I'll
expediency OF the measure. sppears quite uncor
scious Of the fact. that this is a great nGtiont
question: involving the stability of our currenc
and directly or indirectly affecting the business
every farmer, merchant, manufacturer, mechani
and laborer the country; and accordingly W
find him calculating The dollars and cents whic
certain hungry expectants for new stock misI
have made by creating new institution, and th'
which the present stockholders could have made
modified renewal of the existing charter. Thr
We are told that the foreign stockholders woul
have realized large amount by tie advance on Il
stock incident to renewal of the present charte
and however beneficial that rene wal might hay
proved to our own citizens and government, ow
ing nearly to,rffths of the capital-bowever mut
the prosperity Of our country might have been a
vanced by 1.-THE solitary fact that foreigner,
Englishman, would have been benefited is ST
hcient cause to withhold it ftom our own citlze
and derange the soQndcst currency in the wor
On the same principle should we refuse to parta
OF The refreshing showers of Heaven, because tn
, are equally dispensed TO all mankind and by
same sound reasoning We ST ould have interdict
the use of steamboats,, because however necessa
to our own country, their utility has been psrti
pated in by other nations.