Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1833-09-25
ALEXANDRIA, ID. c.,
WEDNESDAY MORNING, SEPT o, 100,
THE PRESIDENTS MANIFESTO

~ A'eo'ueht against ths
Bank Of the United States, is now before the D,A
lie. We have no intention Of criticism. !, :,
length, or of entering into an elaborate rsv;..
its arguments or general train Of reasoniu, w.
write eurrente cala,no. and give only brief v;...
Of our own opinions, to which we subioin The nh
servations Of others.
1t isap paper which is calculated to have ,,4
will undoubtedly have, great weight and ;,an
ence With the people. The writer, shreSd ~,
niur. and well informed. knew exactly v,s,
chords 10 make the President touch. 70 ,;h.,,
throughout the nation. 1t is, in reality, 4, mo,,
a-s'u! ard al capiandum production; but 40.
ing =. a ps-lp. open. bold, and homes, ayov,I q
the fr.-iien,'s determination, strengthened b,
convi' i.oas sincere and equally as honest i,
addresses it.eli 70 the feelings and prejudice, Of
oil men. and ,e' IN so specious way as to max.
its appeaIs appra' To be backed BY REASON.
The proprifiy Of The publication of such 8 d..
cument may we'll be doubled. 1t strikes U, !,
exceedingly impr"per for the President to com.
forth IN his own name, either in favor Of o, il
opposition to any measure which may be discus.
sed in Ais Calumet. 1t would not answer to csu
the principle out to any length whatever and
therefore we think the precedent dangerous
The Manifesto would have been more apUroni.
atsiy placed, had it appeared in the columns Of
the Globe. semi officially, withom the Presidents
signature. We proceed, however, to more i'm.
purtaDt matters.
The charges against the Bank are 10 them.
selves not new. although some of the specfc,.
tIUns meet US here for the first time; and admit
ting these to be just as they have been represent
ed to the President, and that his views Of them
are correct, we recoil from attempting 10 justify
or extenuste them. We disapprove Of the course
Of the Directors in their resolutions throwinsm
unlimited amount Of money into the hand, d
their President to circulate documents in favor
of the Bank-o the large amount Of money 50
expeuded-of the neglect exhibited towards ID,
Government directors. &c. But the eOuCusM
that we would arrive at in view of these facts
would be, not hostility to the institution ITSELF
but, opposition tn the administration Of the nst
tuition. Provision could very easily be made 10 |
the charter of the Bank for preventing any sub |
abuse of power or misconception Of duty.
II will be- observed that IN these observations '
we 90 on the ground that the facts are precise!
as they are stated in the Manifesto. The Bint
may be able, and doubtless will attempt Mls
factorily to explain its conduct on these p,ftia
lars. Generally, we may be allowed to say la
the reasoning of the Manifesto with regard
the right of the Directors to appropriate ag
money to be used in defence Of the Bank
most clearly erroneous. The Bank, assilsds
it has been BY the whole power of the G0'dr
ment, was bound to sustain itself. Ii was bOaN
to take all lawful and proper means to secur. 10
existence and benefit its stakeholder. Ndp
have done so. would have been to subject TX
Directors to charge Of gross dereIIcon Of d.
ty and culpab!e elect Of those interests "n'
have been confided to their care.
Not to continue. however, for the present OF
own desuItory thoughts. which may be embed"
and put ON record, on some other OCCASION I"
will content ourselves, for the present, with e.
ing the comments of some Of our coemPona
on the document Of which we have been spe''
ing.
The National Inteiligencer says
"It abounds 10 misstatelRents Of faet 'n
false differences. which We shall hereafter
pose. Asa sample Of its reasonlns,'"e "'EDp
only advert to the fallacy Of the argument
great argument. on which the President 'fin
Justification for persjsting in hostility to 'oe p'a
and for dIsregarding the voice OF the Les''''' ",
in this his last assault on it. II IS ms "
:. the President considers his re election a'iT
cision of the people against the Bank ul
had announced his hostility to the Bank aIO
in re.electing him the people ratified mat "' ,,r
ity. This is absurdIy making his re'eeeu9 ";.,a
on single point of the policy OF his aa""'' ..
ton; but waiving this objection to IT, no" ,,,s
the argument stand against the iaet' 'na' )" "
sections Of the Union 10 which his ~ e'eeu". -,
most zeaIously supported, the Bank IS mus ~. y
uIar! In Pennsylvania, for instance
-. 4. r..avob far TP-elPt IlOD'