Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1832-01-05

citizens, the course ofthe President has
been so inconsistent and vacillating that
it is impossible for any party to place con-
fdence in his character, or to consider
him as true and effective friend. BY
avowing his appreciation of judicious
tariff, and at the same time recommend
ing 10 Congress precisely the same poll
cy which had been adopted as the best
plan of attack by the opponents Of that
me asure by admitting the constitutional
ity and expediency of internal improve
ments of a national character, and at the
same time negati,ing the most important
bills of this description which were pre-
sentcd to him by Congress, the President
has shown that he is either secret enc
my of the system, or that he is willing toI
sacrifice the most important national OBJ
jects in vain attempt to conciliate the
conflicting Interests, or rather adverse
party feelings and opinions of different
sections of the country. How can the
President be REGARDED at the North and
West as the friend of the tariff and inter-
nal improvements, when his only recon-
mendation at the South is the anticipation
that he is the person through whose a
gency the whole system is to be prostra-
ted w ith Chief Magistrate who acts
upon so temporzing and uncertain pol
icy it is obviously impossible that any a
batement can take place of the excite
ment that prevails upon these disturbing
topics. 1t is only through the interven-
ton of statesman, in whose known sem
nl ale al
ties can place confidence, that hope
can be entertained of so regulating these
delicate subjects as to extend a fair and
impartial prote to all the great BRAN
ches of Industry, whether agricultural,
commercial, manufacturing or mechan
cal, without exciting the just apprehen-
sions of any sincere and enlightened
friend of the Constitution and the Union.
Next to the great measures of policy
which protect and encourage domestic
industry, the most important question con-
nectcd with the economical policy of the
country is that of the Bank. This great
and beneficial institution, by facilitating
exchanges between different parts Of the
Cnion, and maintaining sound, ample,
and healthy state ofthe currency, may be
said to supply the body polite, econom-
ically viewed, with continual stream of
lile-blood, without which it must incvia-
bly, languish, and sink into exhaustion
1t was first conceived and organized by
the powerful mind of Hamilton. After
having been temporarily shaken by the
honest though groundless scruple of 9TH
er statesmen, it has been recalled to ex-
istcnce by the general consent of all par
ties and with the universal appreciation
of the people. Under the ablest and
most faithful management it has been for
many years past pursuing a course OF
steady and constantly increasing influ-
ence. Such is the institution which the
President has gone ont ofhis way in sew
eral successive messages, without pre-
tence of necessity or plausible mot i've, in
the first instance six years before his
suggestion could with any propriety be
acted upon, to denounce to Congress as
sort Of nuisance, and consign, az far as
his influence extends, to immediate de-
structiOn.
For this denunciation no prcteXt Of any
adequate motive is assigned. At a time
when the institution is known to all to be
III the most efficient and prosperous state
to be doing all that any Bank ever did
e or cando, we are briefly told in ten words,
that it has not effected the object for which
it was instituted, and must w. abolished.
Another institution is recommended as n
substitute, which so far as the description
gives Of it can be understood, would be
no better than machine in the hands of
the government for fabric ating and issu-
ing paper money without check or re-
sponsiblity In his recent message to
Congress the President declares, for the
third time, his opinion on these subjects,
III the same concise & authoritative style
as before, and intimates that he shall con-
slder his reelection as an expression of
the opinion of the people that they ought
to be acted on. If, therefore, the Pres
ident be elected, it may be considered
certain that the Bank will be abolished,
and the institution which he has recon-
mended, or something like it, substituted
in its place.
Are the people of the United States
prepared for ths' Are they ready to de-
stroy one oftheir most valuable establish
ments, to CRAFTY the caprice of a chief
magistrate, who reasons and advises upon
a subject, with the details of which he is
evidently unacquainted, in direct con-
tradiction to the opinion of his own Off
clal counsellors? Are the enterprizing,
liberal ,high-minded, and intelligent Mer-
chants OF the Union willing to counte-
nance such measured Are the cultiva-
tors of the West, who find in the Bank
ofthe Tnitod States , ,o,,r e. ;I;,,. :.