The Massachusetts spy. [volume] (Worcester [Mass.]) 1831-1858, 1832-09-26

the subject at that session. Indeed, ''tEe parties
interested" probably from respectful Difference !
for the judgment of the Penplo, whom the Presi- /
dent had invited to consider the subject, did not
apply at that session for a renewal of its charter
They appear to have been willing to abide the YER
dict of public opinion. At the session following, !
after an interval of year. the President, again ad
dressing Congress, saws" The importance of the !
principles inuolred in the inquiry whether it will
be proper 10 re-charter the Bank of the United |
States, requires that should AGAIN call the atten-
ton Of Congress to the subject" The shortness |
Of this session. with the Impeachment Trial, pre-
vented the possibility of the subject being acted
upon at this session.
Having in this very earnest manner at the first
opportunity he had pressed this subject on the at
tenton Of Congress and, having at the next oppor-
tunity as matter of imperious duty, again invok-
ed their attention to the subject the President at
the last session. in effect repeated the Injunction in
his former Messages, by referring TO them, with
the declaration that his opinions on the subject re-
NAMED unchanged. What then must have been
the astonlshment of those who placed any conf
dence in the Presidents professions, to find, among
the reasons for refusing sign the bill for rechar
tenng the Bank, that 4" the charter had yet four
years to run; = and further that the Bank having
accepted the third invitation of the President to
apply to Congress for renewal of its charter did
not withdraw its application upon the suggestion
by somebody or other Of suspicion of abuses of
its charter! =" 1t was to have been expected" says
the Veto Message, that the Bank itself. conscious
OF It's purity, and proud of its character would
have withdrawn its application for the present"
The very reason why the Bank should not with
draw its application, is the one which the Message
assigns why it should do, viz consciousness of
its purity and pride of its character. It was this
latter quality which first drew down upon it the
VOW OF destruction which Gen. Jackson appears
to have selemnly sworn against it. Yes, it was
the same pride, that would not bend TO the upstart
authority, with which such gentlemen Mr.. Isacc
Hill attempted to lord it over the administration of
the Bank. Its administration, the Bank was con-
scious, had been pure; and when tried, it proved
to be incorruptible. Therein it snned beyond re-
demption; though we not sure, had it been
more complying to the Executive, that it would
not have been sacrificed, notwithstanding, to the
greediness OF the New YORK Seven per cent. Re-
gency, in the event of Gen Jackson's reelection
We are not about to waste time IN an analyst
Of this Bank Message. After the very able speech
es of Mr.. Webster, Mir Clayton, Mr.. Clay, Mr.
Ewing, and others on this subject, and the admra-
bic labors of our contemporaries, it would be
work of supeferogation for US to review it. 1t is
enough for US to speak OF It's glazing follies and
vices in general terms.
Its folies to be found in almost every para
graph 1t is Difficult, TO conceive of greater errors
on the subject Of banking and political economy
than pervade the whole of it. They have been
particuarized by Others and we dispense with any
special reference TO them. But there is of the
weaknesses of the Message, on which light has
been thrown BY recent incidents, to which are
disposed to make an exception to our silence on
these points We refer to that part of it which
urges, as an argument against tie Bank, that q sus
plcions entertained and charges are made of
gross abuses and violations of its charter" We
| have had some light lately thrown the
| ture OF these suspicious entertained by the Pres-
| cent, and these charges which are made. One of
the suspicious is, that the Bank has lent money to
| Gales Il Seaton; and one of the charges is, that
! an eminent Eastern Senator endorsed the debt
| Suppose the whole story true. Gales & Seaton
are carrying on heavy business, to enable them to
do which, they must, other men Of business who
are not rich, borrow money. Who SO able to lend
money as the Bank of the United States I 1t is
the very purpose for which the Bank created
| But the gist of the charge seems to be, that the
| loan. if made, was reputaby endorsed. Any man
might feel proud of enjoying much of the great
| New Englander's confidence. as that he would be
willing to incur such responsibility for him. lift had
| been asked of him. liberal and noble-hearted gen.
tleman as he is, perhaps it would not have been
refused. But there is not even that much Of foun-
datlon for the story for 1t is false, gratuitOusly
| false, i. every particular, except that Gales &
| Seaton have occasion to borrow money in the
| course of business the expenses for which for
| wages and paper alone. amount to something like
thousand dollars week Of such fimsy materials
are Executive judgments made There is every
reason to believe, from the Presidents public dis
courses on this subject, and the prominence which
he gives to this particular allegation, that the
whole of his charges of abuse, &c, have better
] upon sucn RIDICULOUS GROUNDS is Il
that corrupt and unPtncipled press is engaged
in defamng the motives of all who are not of opin-
ion. with the President. that instead Of the Bank
| OF the United States, the doors of the Treasury
should be thrown open a brokers' shop. We are
really mortified TO bring so small matter into this
Investigation but this new light seems to be es-
sentlal to correct estimate Of the real value of
the Presidents reasons for putting bis negative up
on the action of Congress in regard to the Bank Of
the United States, whereby, in his opinion and
that of his parasites and faterers, he has saved
the country" and achieved a than Roman
fame
OF the rices of the Veto Message, the most stu
pendous is not that with notice OF which we
shall conclude our remarks to-day. But it is new
ertheless odious enough to call for marked repre-
tension. 1t is the studied appeal which is made
throughout the Message to vulgar errors and bad
passions and the artfu elaboration of arguments
hollow and deceptive, but plausible, calculated to
operate on those who feel more than they reason
The evident purpose OF the Message in this appeal
is followed up by the circulation of hundreds of
thousands OF papers full Of matter of the same
stimulating tendency. We can iken this conduct
to nothing that know of but the exciting of a |
mob BY the hope Of plumber, under the name of an
equal distribution of properly to sack a city,
The humble members Of society,"" says the Mes
sage, farmers. mechanics, and laborers, have
right TO complain of the injustice of their Govern
ment," on account of the Bank, because it makes
the rich richer and the potent more powerful ~
The master Of human nature has embodied similar
pleas of leaders of mobs in of his Dramas
Like this Message, they
-" Sighed forth proverbs;
That hunger broke through stone ,calIs that dogs
must eat;
That, meat tcas made for mouths: that, the Gods
sent not
Corn for the rich men only"
The Presidents advisers are not ignorant of hu.
man nature; they know its weakness and credu-
Iousness, unassisted BY education and instead of