The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1836-04-06
Vol: 25

invitation to attend the 4th Of March cele-
braion in Cincinnati, Ohio, is important, as
indicating his vewsson the important sub
ject Of banking aud corporations. Those
who have complained Of non-committal in
Mr.. Van Buren,, will find plain enough doc
trne here, and such doctrine as the vast
majority Of the people will approve.
WASHINGTON, Feb. %, 1886.
Getlemen have the honor to ncknowl-
edge the receipt Of your letter, inviting me-,
in behalf of the friends Of free principles in
Cincinnati, Hamilton county, to attend their,
proposed celebration OF the deiiverancc Of
our country from the thraldom of the Bank
Of the United States, and asking from ME,
in case il should not be convenient for me
to attend, sentiment appropriate to the
occasion.
There have been, in my opinion, few in
ciden,s in our political history more worthy
: of notice, by means of public celebration,
than in the one you are about thus to dis
tinyuish. The successful resistance to the
: Herculean efforts brought to bear upon tho
bank question, was result most honorable
effected, ard certainly not less so to yirtu-
, Gus aud patriotic people, by whom their
y faithful representatives were cheered and
= sustained. 81,
However plausible the speculation, or
successful the conceaIments OF the day, the
design of the bank to eXtort renewal OF
y ;. its charter from the apprehensions aud dis.
!. ,rcsses of,he country, has been rendered too
> clear by time to be any longer contested.
's To sneak of the mighty means which this
aris,ocratc institution called TO its aid, IN
, the great struggle through which we have
:. :" passed, would be To suppose, what is scarce
:, " possible, that the dark traces OF that
- gloomy period can ever be elaborated from
'' the public remembrance. But the Bank
: mstook the character of that people, whose
:, stubborn necks il proposed to bend to ITS
% selfish interests aud sinister designs. ltwns
u rebuied aud discom6ttcd, but by no menus
:. discouraged. The people trumphed IN
" that open contest, but before time had bccn
= allowed for scasonable celebrations OF TINT
NC triumph--even since your festival has been
Is appointed, and before the day has arrived
." for the expression Of your joy-thc same
" power, fighting under the same pnnopiy, but
'e' changing altogether the character OF its ap-
G" nroocb has again entered the field, and
w. GAINED n victory over the popular VIII,
Sc Which il doubtless considers brilliant and
us res;s,Ie,s. But how changed the mode of
warfare. in this last effort! Instead OF
!. commercial distress, public and private en-
: ;, barrnssmcnt,. and all the concomitants OF
V, nm uncomfortable panic in the public mind,
."s, plenty, and even proiusion, pervuded Tho
CITY of 1ie bank, while its noiseless approach
~ ~ 10 The legislative power, was characterized
~" '; by despatch altogether unprecedented III
~" so important mtilter in the history of leg
'e's ;.Iation. Before even the movement i:
known in the remote quarters OF the Union
M ,b" the public mind is astounded by the acqui'
,no ,n, sition of charter from the government o
, Nv, a single State, the apprebended grant o
'J'' ',' which by Congress, had filled the minds o
po .po n vast majority Of the American people will
Wv. m dismay and for the attainment OF WHICH
~; n;' from that body, all the powers Of earth lia'
~ ano been invoked in vain.
o"' You will do right, not to suffer this event
al untoward us it is, to deter you from reJolc
- inp at the victory which the whole peopl
.. have won. Leaving tie partial success O
= ,ho the Bank and its consequences, TO the CON
III III sidcration and disposition Of q virtuous an
Justly offended public, it IS matter OF IN
' h;cbest conyratulation, that the advanSeso
nen this presunptuous institution upon the Fed
side cra' ou''' -. ,..,s. .o,r ~,
'''' tory is, to all appearances, complete bu
whether or not il is to be permanent, mu
.a,o depend. in great degree, upon the Sta te
';,~J No,hiog short of the nfadness Of State leg
he isla,ion, can prevent its being SO. 1T wd
. or in the inercusaJL improUicenee Of STATE hs
mon isiation, that the present bank found its o'
RI, ;oi, and IL is to The sane source, don6fles
"" t5ot il looks for rccuscitation Time wi
o"s. ,oou determine, whether the nceH dispose
nen' s men Of the present day are wiser than the
p,nr, Dredeccssors or ,ohether the hgA6 81
';ons most seyere experience hare bsen shed npc
sbed this subject to no good purpo". ;.
% As far as your growing and patriot
90 State is concerned, the prospect is cheerlr
- I indeed. From the bottom Of my heart do
then congratuia'e W" 'po" ..La,,1 -, a.
day winch oh'o aPPea'' W 49, %a .,h;.o, ne honL
Her course is deserving of all commend
,,or.. ton, and may well be looked to By her
4 Gar der sisters in the confederacy not OILY WI
,hsm admiration, but will, profit. Who can fo
,ans. cct the intense anxiety, and warmly che
ader ished hope, with which Mr.. Jefferson loo
,,Lo cd to bis fayorite West, to the hardy ye
his mnnry Of those States, for the preservati
,eyer of the simplicity and purity Of our repul
n M, can institutions, against the seductive inf
" ---y..l ..,;cc;al d,stincYions of S0cic