Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1832-07-24

purchased IN ut that higNer price, il is sef.ev-
dent That the extension of the Charter would have
bestowed no gratuity. Stock was but few days
since selling at 1873; for years it has commanded
much as 100. Where would have been the grafui-
those purchasing at those rates, to extend the
Charter, and enable them to sell for what they had
bought? Look the reverse of the picture !!
Thousands who have bought at high prices, will
sustain heavy loss in the fall Of Stock for it has
fallen from 1913 to lis, is falling, and will in all
probability continue fall, until il reaches or ap-
Proaches par. Did Gen. Jackson, in his extreme
jealousy OF bes'owing gratuities, never take into
consideration, that by the destruction Of the Bank
he was inHctng great loss, loss which will fall
heavily upon estates, widows and orphans7
The gratuity ''must come directly or indirectly
out of tho carnngs of the American People,
Wretched Demagoguo! Intent, not upon truth,
justice and the public good-but upon enlsting the
lowest and worst passions of tho ignorant, in be.
half of his personal objects! 1t is scandalous
that President of the U. States should employ
such baldordnsh as this! True, the emolumonts of
the Bank must como out Of tho earnings of the
American People. Batwhat portion of that Peo.
Pie7 Not surely that position to whom the Fresi-
dent addressed this observation. and whose prejud-
ces nc proposed to arrsy against the Bank, by per.
suading thom that they out of their hard earnings.
provided its emoluments. But from the portion
who approved the Bank; who wished it ro-charter-
ed; who have volustarity become its customers;
who owe it money, which they are unable without
sacrifice. to pay at once; and who desired still to
be its debtors. Those the persons, who have
found it to their interest to deal with the Bank and
topay it interest, and not that class of the Ameri-
can People upon whose supposed ignorance and
credulty, Jackson has drawn SO heavily.
In tho next paragraph of the Message but one,
we have another specimen of Jack Cadeism.
'But this act does not permit competition in the
purchase of this monopoly. 1t seems to be predi-
Gated the erroneous idea, that the present stock
holders have prescriptve right not only to the
favor but to the bounty Of government. 1t appears
foreigners. and the residue is held bya few hun
dred of our citizens, chiefly of the richest class:
for their benefit does this act exclude the whole
American people from competition in the purchase
OF this monopoly, and dispose of it for many mi-
ons less than it is worth. This the less e1-
cusable. because some of our citizens, not now
stockholders, pettionsd that the door of competi-
ton might be opened, and offered to take charter
on terms much more favorable to the government
and country"
The object here is to excite resentment against
the Bank. as possessed by few hundred of the
rich, and foreigners. With that view, its public
utility to all men in preserving a sound currency,
in efectng the equality of exchanges, in advancing
the business of the country and to the Government
in returning its depositcs without loss, and trans.
porting its funds to all sections Of the country
all the ends in short for which it was chartered,
and which it has answered in every particular, are
excluded from the picture, and the Bank represent
cd as being wished to exist for the sole benefit of
the Stakeholder! Was this ''frank?" Was it ho-
nestl Was it worthy of a President of the u
States? Was it not even known to be neither no.
nest frank, but used to excite prejudice and to
are believed to entertain against the rich, and to
embody them on the side of Andrew Jackson, the
Candidate, and az he would have the poor believe,
the peculiar poor mans friend
We had proposed to make farther extracts, and
exhib. their deceitful pretences, and gross elect.
ioneering design and tendency to the reader; but
we read the document with such adherence, that
we excuse ourselves from farther re.examination
1t is all of piece. The lowest and most vulgar
electioneering strokes, rife from beginning to
end. The Candidate. eager for election and for
power, and descending to the most groveing acts
to caole the multitude stands revealed every pa
ragraph. The President, the successor of Wash.
ington and Jefferson, and whose name blasphemy
has associated in greatness with theirs, is looked
for in vain. All dignity is merged in Jack Cade-
ism, all recollection of the venerable majesty of the
Chief Magistracy in the socitude to bc reelected