Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-04-17


ly expecting the revelation of some grand re-
medy for the convusions OF the country, he
concluded his speech, as the historian informs
us, g by explaining, to the assembled parlia-
ment, the eighty-ffth psalm" Now, sir, have
always entertained strong prejudice against
Cromwell and do not know that can do him
Justice in any thing: but will affirm before this
House, and maintain before any tribunal in the
world, that his remedy for the anarchy of Eng
land was as practicable, as sincere, and as IN
teliigible as that confusion of false lights which
this administration has thrown out to cover de-
signs against the liberties of this country, more
fatal than those which Cromwell had formed
against the liberties of England.
Do you doubt sir that when Cromwell was
amusing the Parliament by eXpounding psalm,
his mind was filled with the alluring vision OF
crowns sceptres and all the appendices OF that
more than kingly power, which he had then re-
solved to establish2 And can we doubt IN the
midst ofeoncurring signs which every Wnere
meet the eye that it is the settled purpose, OF
the existing dynasty, to perpetuate its power, by
gigantic system of government banking, WIN
out any example in hlstoryE
Mr.. Speaker the experience of the last few
wears has entirely changed my views as to the
destiny of the human race. All my youthful
visions of the perfectability of mankind, nave
vanished before the sad realities OF the times
They are gone forever. | am now constrained
to believe that with all the lights OF reason ana
experience, and the political improvements OF
our country, men are still the ldolatrous ana
predestinated victims ofimposture. Before that
God to whom am responsible for what say
here do believe that the annals OF human IDOL
airy and delusion cannot furnish an example Oh
more impudent, audacious and monstrous I'M
posture, than that which this administration IS
acknowledgement fear with too much success,
to palm upon the people of the United States,
under the fimSy and delusive gulze OF returning
TO the primitive simplicity of hard money
governments Nothing that have read, a.
mongst all the superstitons OF the world, trans
cends its monstrous audacity. :" hard money
governments From what quarter is 1t to
come! and in what manner IS it to begin! 1t is
to come from the land which is already over
Swallowed by the Safety Fund system" OF
converting commercial banks into political ma
chimes! Under such auspices, it very naturally
commences, by establishing mere paper sys-
tenn, wholly unconnected with specie, by way
of going back to 4" hard money government"
Destroy the Bank of the United States, remove
the only effective barrier which can restrain an
unlimited issue of the mere rag currency which
once before afflicted the country and all Will be
WE'LL! An unchecked system ofpaper issues,
Federal Safety Fund system" is most extra
ordinary piece ofmachinery for coming hard
| money! Yet such is the watchword such the
| tasmanic motto of the " republican party" as
it has been proclaimed by that official organ
i which seldom speaks but in the words OF its mas
/ ter; and through which the general orders have
been issued, for the pending and approaching
| campaigns. II is contest between Jackson mo-
ney and bank money! hard money and paper
money! Let the partisans ofthe administration
put few silver dollars in their pockets and
make them gngle on the hustings and the vic
] tory is certain! Jackson money! Will any
gentleman inform me how much Jackson mo-
ney now crculates in New York! Or is Jack
son money, like Jackson democracy, one thing
| in New York and another in Virginia? Pray
what is New York Jackson money?
! But sir, what are the signs by which this COL
den age is heralded forth to bless the eyes of the
faithful? The blow of death is scarcely struck
| at the Bank of the United States, when, without
| waiting for its expiring groans, behold host of
banks of all sizes are seen springing up like pes
tilenta exhalatons. A bank with a capital of
| ten millions in Louisiana, another in Ohio, and
| another in Kentucky, aud do not know how
many are in contemplation in the valley OF the
Mississippi. But what is much more " german
to the Natter we have recently seen project
brought forward in New York, by the authors
and managers of the "Safety Fund SYSTEM"
and evidently to prop that tottering fabric, to
make loan of six millions of dollars, to the
banks confederated by that SYSTEM for the pur-
pose of relieving the people from the distresses
| produced by this executive experiment, and the
whole property of the people ofNew Y ork is to
| be mortga ged for the redemption Of the Stock
which is thus to be placed in the hands fpolti-
clans to corrupt and purchase up the people,
In Pennsylvania also, we see indications equal
ly unequivocal, of an approaching catastrophe.
At great Jackson meeting, in Philadelphia,
trumpeted forth as one of the largest and most
imposing, ever assembled in that city, graced
by the presence of a former Secretary of the
Treasury, former Senator of the United
States, and all the Office holders, the audacious
proposition was made and carried, to sell the
seven millions ofbank stock owned by the Uni
ted States, and lend the proceeds to the State
banks under the authority and direction of
this administration. Under the same auspices,
proposition has been made to the Legislature
of Pennsylvania to establish State bank with
AGA pital of ten millions, one half to be subscr-
bed by the State-a mere political machine for
squandering the money of the people to accom-
plish the corrupt purposes of desperate politi-
clans. Such are few of the more prominent
signs of coming events and no man who does
not voluntarily close his eyes upon what is pas
sing before him and around him. can behold
them without alarm. do most solemnly be-
eve that if the administration shall succeed in
their present projects for combining the bank