Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-03-08

the evil the people COmpalneu VI, grew OUT VI
the great power of the Bank: that the Govern
menf was making an erperiment-and, however
bold he would not undertake to advise any
change from the position it had assumed against
the Bank: that he, (the Secretary found no diff
Guilty in transmitting funds from one part OF this
extensive country to the other. In the course OF
this conversation one of the delegation remark
ed to Mr.. fancy, Sir, ifthis experiment should
be persisted in, and some relief-such as we do
not now antcpate-should not be given, large
proportion of the trading community must fall
The Secretary replied, IF all did fall the policy
of the Government would not be changed He
proceeded to say that if the Commercial clas-
ses had properly sustained their state institutions,
the present state OF things would not have eXls-
ted,-adding that the Government would make
no change until the present Bank charter eXpl-
red' He also expressed his surprise that, al
fer what had appeared in the newspapers and
the long speeches made in Congress, more TALL
ures had not taken place.
By an arrangement procured through the at
tention of Mr.. Heath, the delegation were ena~
bled to visit the President. They thought 1t
part of their duty to make this visit, and to lay
before the Chief Ma gistrate such information as
might exhibit to him the actual state of affairs in
this community. The time appointed for the
interview was at eleven O'Clock on Wednesday;
and, accordingly, at that time, seven of the del
egation repaired, with Mr.. Heath to the resi-
dencc of the President where they were seve-
rally presented to him; and after few moments
during which the President was engaged
with other visters, the Chairman of the Dele
CATION addressed the President in the following
terms
General you are, no doubt, aware that this
Committee has the honour to be delegated by
the citizens of Baltimore, without regard to par
ty, to come to you Sir-the fountain head, Ito
make known the distressing situation of the cur
rency of this country, and respectfully to ask,
from you, relief
Relief Sirn-interrupted the President in a
tone of excitement Come not to me Sir!-go
to the Monster Did not Nicholas Bddle come
here, Sir, and, on his oath, swear before Com
mittee, that with six millions in his vaults, he
could meet the wants of the whole people?--
And now,-when he has wrung more than ten
millions from the people,-he sends you to me
for relief 1t is folly, Sir, to talk to Andrew
Jacksonville Government will not bow to the
MOnstern-
sSir,'-said the Charman--'the currency of
the country is in a dreadful situation The
State Banks have not confidence in each other:
they cannot give trade the facilities required,
have recently travelled to and from the Falls
of Ohio to Baltimore and can assure you. Sir |
have heard but one opinion on this subject
We are your friends-not politicians. | have
always been, up TO the present moment, decid-
President, in very angry tone of voice, inter-
rupted the Chairman, by saying
Sir, you keep one-sded company. Andrew
Jackson has fifty letters from persons, of all par
ties daily, on this subject. Sir he has more and
better information than you Sir,-or any of you.
Andrew Jackson published his opinions in Sep
tember last. | am surprised that you should
thus talk to me, Sir!-It is folly: you would have
US like the people of Ireland, paying a tribute to
r hot oh re To-
ally from this country, eXtorted from the labor
ing part of the community. The failures that
are now taking place are amongst the stock
iobberS, brokers and gamblers, and would to
God, they were all swept from the land!-it
would be happy thing for the country
Sir said the Chairman, : all my experience
goes to show that there's no money more cheer
fully paid by the merchants and people of this
country, than interest-bank interest-not such
interest as they now pay-say two and a half
per cent to collect sight draft drawn in Bal
timore on Pittsburg'
Sir replied the President Il had, last night,
any amount of money offered me on good secu-
rity, by gentleman from New Y DIRK, at SIX per
cent.-They are, sir, men who have Overtraded
that are now pressed. The real capitalists of
the country felt the pressure last September and
October, when the monster first put the screw
down. Did not the monster draw from the
South and West, last Fall thirty-fve millions?
For what, Sir?-To Cypress the State Banks
in your CITY, Philadelphia New York and Boston.
But Andrew Jackson foresaw what they were
about, and met them. Sir, could have destroy
ed the monster in thirty days-but the President
would not do it-not wishing TO bring distress up
on the people. Andrew Jackson invited COM
promise with the mammoth, they would have
nothing to do with me, and now, Sir will have
nothing to do with them. The restoration of
the deposites is virtually a renewal Of the char
ter; one and the same thing"
The Chairman answered. The people, Sir,
have not understood the character of the Pres-
dent, if he is unwilling TO hear their calls and
demands.'-
Here, in vehement manner, the President
exclaimed--'T The People!--Talk to Andrew
Jackson Sir, about the People!-The People,
Sir, are with me. | have undergone much peril
for the liberties of this People,--and Andrew
Jackson yet lives to put his foot upon the head
of the monster, and crush him to the DUST
Sir interrupted the Chairman again, the
country has tried your measures:-they will not
do They will ruin two-thirds of the good trad
ing men of the country. You have bled U.S.
we are sick, fainting and dying, one after ano-
ther.'
THE Mammoth Sir replied the President in