Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1834-10-09

: New York 10 banks in Albany, to be uses
IN The redemption Of country papcr-,h,
, receut raising Of a heavy sum, in the nam,
OF loan for the Chcnango canal. but moi
wanted Tor that purpose. which was done
al an enormous sacrifice TO the people Of
the state, and expressly as confessed, for
the purpose Of reinforcing the state
banks,n-and. above all the project, bold
and matchless 10 effrontery Of borrowing
on the credit and responsibility of the PEG
pie, SIX millions Of dollars. rouR MILLIONS
OF which was expressly designed to '.rein-
force the Banks! We are bold to chal
lenge The world to produce such another
instance Of the combination Of money
power with political power TO the same
extent 10 any government on earth
And what makes the case the more ex.
traordsnary is. that these are the men
these who have joined to the possession OF
political power. the control Of great Mo
MED Institution. which by their device,
has been made one and iadirisible, which
has seeentg heads and t,ccnty flee millions
| Of capital. all within the state of New York
and managed and directed for effect on
its politics and elections --that these are
the men who are the very loudest in their
zeal and clamor to PROSTATE the bank Of
the United States upon charges of corrup-
ton. These are the men desiring to
make clear field for the operation and
extension Of their own system, and anx
ious TO divert public attention from the
corruptions Of the times in which they have
had soisrge share and from the great
and fundamental principles which make
nearly the whole subject Of the controver
| sy in which our country is now involved
these are the men who have the audacity
to talk Of bank or no bank, as the only
matter really at issue before the people.
We trust that the people of this state will
not be deceived with so shallow an arti
fee. The Wings Of New York are nei
! Asler the advocates or apoiog,sts OF the
Nl-esenl Bank Of the United States That
a National Institution TO preside over, and
regulate the currency and exchanges Of
the nation, and to discharge the duty Of a
fiscal agent for the government, IS expe-
dent, If not essential to the prosperity Of
the country, the great body Of Wings,
both here and elsewhere, do undoubtedly
believe.
There are other points in the policy Of
Of State Administration, to which we
should have been glad TO have called your
attention, but the length to which this ad
dress has already extended lorbids. There
is single topic to which we will allude,
and then leave the whole matter to your
own reflections.
We doubt If the history Of political cor
rupfion ii all past time, can furnish apar-
railel 70 fhe efironicry Of that attempt on
the virtue and integrity of this people,
which was made in The Six Million Loan
project. We will not dwell on the con
sideration which you all understand, that
the Bill proposes to place the property
and industry Of every man in the State.
under pledge and mortgage. 'Ehis would
be high handed enough, even II redeemed
by the worthiness Of the objects to be &C
complished. But there is feature IN this
transaction which cannot be sufficiently
abhorred When this Loan Bill was pro
jected and passed, an importont election
was approaching in the city Of New York
The "experimen" of the President on
the currency Of the country, producing
universal arrangement Of business. had
carried di,may and ruin to the door Of the
merchant and the mechanic. These were
the first classes to be effected by it. They
were composed Of persons who are gene
rally the last to trouble themselves about
the state Of politics. but who, now that
they beheld the hand that had smItten
| them, were about 10 arouse themselves TO
a united effort in the defence of all they
held dear and valuable. In this state of
things, what is the spectacle which we be
hold? A law is passed by which the Ad-
ministration proposes to borrow sum
which would be sufficient at this day, TO
construct the Erie canal, four millions OF
| which are Immediately TO be placed IN the
| city Banks, for the benefit OF the Banks,
and for the benefit Of their customers.
| Four millions of dollars, brought into the
| Treasury, for the purpose, by borrowing,
| is offered to be distributed by this admin
istration, among the merchants and me
chanics Of the city OF New York, on the
eve Of the great election. -Four millions
Of dollars freely offered to purchase the
favor, or the silence Of these influential
classes offered to corrupt the integrity OF
! men who were distracted with losses, and
who at the moment Of this base attempt
| on their virtue. had nothing in prospect
but ruin and despair"
| We sub,oin one Of the resolutions passed by
the Convention. The character which it gives
of the Vice President is tue to the life.
Resolred, That we look upon Martin
| Van Buren, as the contriyer and inventor
| oC all the fuinous measures adopted by the
Executive, and hold that he IS responsible
for the evils and disgrace which have been
brought upon the country, in his unchas
tened ambition 10 secure his succession to
| the Presidency; and that from long obser
| walton of hls political Vaccinations. we dc
not hesitate to declare that his elevation
TO the Presidency would fasien upon the
Union, what his state has long SINCE lel
from bis influence, system of politics, de
struetiye alike Of public confidence, and
nr,vate interest, and that how much soey
er il might be gratifying to our PRIDE e
confertb,s office on one Of our own cit,zeni
we will never consent to lend our efforts Z
elevate man who has neither the wis
, dom of the statesman, or the heart Of tn
I patriot.
Miss Harriet .Marfinsau-This justl.