The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1834-02-26

ed since the organization Of our government
equally competent to give an opinion On this i'm
portant question, or whose opinion when given,
was entitled 10 greater weight than Thomas
Jefferson. IL was not expressed in the times
when at the head Of a triumphant party, he LED
the democracy Of the country 10 victory bu,
was the result Of long life Of expe rience in the
politics of the nation, and published when he
could have no other motive than that of pa triot
ism 10 influence him. 1t was from the cain,
and philosophic retreat of Monticello, when he
had not only been long removed from political
life. but had forgotten the existence Of his form.
er struggles, and was actuated solely by the
wish to do all that man could do to promote the
welfare Of his country. That he had good rea-
son for his apprehensions, the events of the last
few years have abundantly proved. What, let
US for a moment enquire, is the present attitude
Of the Bank in respect to the people Of the Un-
ion? Is it not one Of most tremendous power !.
OF the most alarming hostility in a word, the
most intolerant despotism. WELDING a capital
which far exceeds the whole revenue Of the ma.
ton. transacting business whose annual amount
is upwards Of three hundred miilionsof dollars,
controlled by men, or rather by . single man,
who is not only without responsibility to the
people, but who has already set at defiance the
government, trampled upon the laws of the
land, and virtually proclaimed himse If the arhi
ter Of the destinies Of great and powerful ma.
tion Can these assertions be denied ? Are the
truth of them douSted' :et the conduct of the
Bank for the last two years answer Have they
not been charged with interfering IN and en-.
deavoring to control the political struggles Of
the country and have they dared 10 deny it
Nay, has not ore Of their most strenuous advo-
Gates in Congress (Mr. Binney) been compel.
led to admit it. Have they not been proved
fn'shless in their dealings and gnilty of the
most dlshonorable shutting in their transactions
with the governments Let tho affairs of the
U. ;. 5 per cent stocks answer.
Have they not been charged with devoting
large sums Of money to obtain the control ofthe
press and the prosttuted support of its conduct.
ors for the purpose of extending their power
over the people, and to compel the government
10 submit to their demands for new charter /?
Have they dared to deny it. Have they not
at one time by an enormous extension of dis
counts opened the Good gates of their golden
reservoir that they might by its corrupting in.
huenoe divert from its proper course the cur
rent OF national politics and thereby defeat the
peoples candidate Of his re. election to the Pre-
sdency' Have they not at another time, by
sudden and unnecessary curtailments Of these
discounts, shown the most glaring partiality to
their friends, and evinccd the most relentless
disposition to oppress their foes? Finally, arc
they not at this moment, and have they not
been for months turning the screws of their in
fernal engine 10 ruin their unfortunate debtors.
TO embarrass the administration, and 10 n chock
the thousand wheels of commerce" Can thew
deny these facts viii they pretend that they
are driven to this course Of oppression by the
conduct OF the government in removing the de.
posiies, and will they endeavor thus to escape
the execrations of the ruined merchant and ira
der' Unfortunately for them, the facts of the
case give the lie to such pretensons by tracing
these expressions to period anterior to such
remova n, and assign them to their true cause
The vengeance of disappointed avarite. That
The removal Of the deposites is not the true rea.
son Of The Banks tyrannical course will appear
not only from what has just been stated, bu, is
further evident by a recurrence 10 the history
OF Its own concerns. From this il will appear
that less than year ago, at a :ime when the
funds Of the government in the Golfers of the
Bank were less than taco thousand dollars"
tho Bauk instead of curtailing, actual ly cnlarg.
ed its discounts. Does the Au,ocrat Of the
Bank hattsr himself, that the free and in,elig.
ent citizens OF this republc are enveloped in
The ignorance which characterized the vassa,s
ana oondmcn of the dark ages That they
have not disccrnment sufficient TO distinguish
between brave patriot and sordid miser, and
mat they do not possess sufficient love Of coun.
Try to prefer the liberty they enjoy to a base
and grove ling submission 10 that most con-
lemptible of all tyrannies = the tyranny of Nam.
mon. Does he imagine that the offspring of
men who in other days were not afraid to meet
in mortal combat the prowess of tho British
ion, are become so degenerate as 10 quail be.
lore an ass when laden with British qod Has
be, at this late day to learn the wholesome les
ION, that the people Of the United States &C.
no master but their own sovereign
pleasure, and are determined BY firm and in.
elligent exercise Of their rights to lay the axe
10 the root Of oil institutions, whether support.
ed BY pillars of gold or upheld BY combined
fray of church and state.craft, which may at.
emPt an Infringement of their blood bouph,
ihcrties.