Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1833-12-23


tary, il true IN punt Of fact, so far from being
reason TO De listened to and received by this
II ,use, is of such kind that the very Presents'
t,,n Of il ought to excite the liveest lndisnat'oh
What il the English of all tbis7 What does the
President mean, when he saws that the bahk
must not thrust IT'S hand into the public aHa'rs o'
th,s country? Wha, does he mean, "hen ne ue'
clares It crime ;or the Bank to possess OF 10 tx
er1,ss anv NAUTICAL influence or power! sir,
,,;,I toll von what he means. Does any man sup
900 Is tho Rank had consented to do whatever
fhs E,scutiye mandate had required IT to dol
- had nut out Jonathan and put in John--that
we should nave ever heard word OF ooJection 10
it's roIltical power? Sir, the president mean'
inc IS perfectly plain. When the PRESIDENT SAYS
that officers OF Bank ought not 10 interfere WIN
political elections, ne means ne'tner ho'e no'
less than this-You must become the too's' tue
creatures Of this administration, or you must oe
MISPLACED. That, sir, was the attempt made, l
do mn, saw nv the President, bur by some who
were near the Executive door, though no, part
of his Cabinet; il was attempted to influence the
R,nk 70 nut out the President OF one oil ITS
branches. who was consessedy competent to the
discharge Of all the duties Of his station, purely
ON the ground of MS political opinions ihe
Rank resisted the attempt, as il always has done.
So far as the oarsnt Board Is concerned, u eau
NOT. of course, speak with certainty Tor all lhe
Directors aud officers OF all the branches, though
I helieye il 10 be true Of nearly all OF them, all
It's members have studiuusly abstalned from all
in,.rference with political concerns-because IT
VA, their interest to do so, They even went fur
Their than this; they made desperate euort 10
conciliate the Administration. But il was Too
late. Inc plans aud purposes OF certain 'ndl'i-
duaIs had been thwarted, and the feelings OF lhe
President had been, and are still, SO wrought up
an. tina, now he thinks there Is nothing on the
face of the earth that 50 needs eXterminalioh DIS
the Bank of the United States.
Sir. If | could decide beforehand what should
hs ,hr course of future events, | hold it desirable
that every national Bank should, hereafter, be
srrayed against the Executive power. II would
be an admirable balance IN the opposite scale
That l. not the evil to be dreaded. The rea!
evil Is IN the opposite direction. Ii IS that the
Exa,ut,,e should turn the Bank into mere n-
strument of his will, aud should WELD Its power,
which gentlemen have represented as so trench
Inns. m addition 10 that SIlll more tremendous
newer which he derives from the vast patronage
of such a Government, and that overwhelming
aud irresistible t de Of popularity which viii ever
follow the man who distributes that patronage.
Rot sir, the President seems to be very fully
aware of the danger arising from TINS meretri'
c,ous combination between the banking power
and the power Of the Executive: aud he very
wisely says, " 1t is the desire oil the President
that the control of the Bank and the currency
shall, as far as possible, be entirely separated
from the political power ot the country. Ne
yer was there uttered a wiser or more patriotic
sentiment! Let the repeat 1t, IL Is the de-
sire of the President, that the control OF the
Bank and the currency shall, as far as possible,
be entirely separated from the political power ct
the country Yes. sir, the man who will act up
IN IN 4 would b. richly entlted to be President
of the United States Well, sir, there IS the
preceot. Now for the practice. The President
II seems, is anxiously de,irous that The control
of the banks should be separated, as TAR as pos
sibie, from the political power OF the country.
And what has he dones He has, in effect. said,
that because the official agents oil the Bank OF
the Uo,ed States have dared to oppose his cleo
ton, the faith Of the nation shall not for mo-
meut stand IN the way OF their condsn punish
ment Yet he is view anxious to separate all
control of the banks from the Executive power.
Well, sir, what more has he dones tie has not
only punished he Bank OF the United States by
removing the Depo>ltes. but he has hefd up heSe
Deposites to the highest bidder!
Yes. SIR. The Presiden, has done that which,
If II be not arrested, will most certainly destroy
the liberties of this country. What. sir? BY
IVA, of separating all cohtrul of the Bank and
the currency from the political power OF the coun
try-by way of steering clear Of all meretricious
connexion between the banking power and the
power ui the Executive, we are to give 10 the
President, or to his plant instrument land. al
ter wha, has passed, he will never want plant
instrument.l twenty four millions OF public mo
new 10 b. distributed among various local banks
Throughout the country. according to the com
plexlon Of their political sentiments. Sir, this
r-qulres no exasgerar,on. And speak not the
language OF exasgeratloa when say, as God Is
nv Judge, had rather trust even Andrew Jack
son with $4,000 mercenary soldiers, with the
b, passed az the last session for his authority to
use them, than permanently to clohe him with
sucn power as this. 1t would be impossible to
resist it, Resistance will be out oil the question.
With the twenty millions OF our revenue, the
President can get the absolute control over 40 or
so banks judicousiy selected, l. e. with no re-
gard to any with the political power OF
the country God forbid oh no, But, sir, eve.