The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-08-30


the expense Of such establishment would be slrenu-
ously urged against it Now, IN the OF all that
Is fair, ask be believed that he seriously intend
ed 10 support ;his scheme Has man Of his
gscly been known before, TO present 10 the cons!dcra
Ton OF others, project Of instant applicability and
simultaneously TO hun, up all the objections that have
becn or could be, started against 1t, aud TO present
them along with II, without any attempt at their oyer
| throw What then his object! The unusual
he has pursued IN relation TO this scheme, forces
a reluctant suspicion OF the OF his design
can ascnbc IT, reasonably to but one motive to de
to divert public attnn'ion from his heartfelt
preference for depository OF the public money name
~, for national hank every other alternative that
human wisdom has devised, human wit suggested, or
his own fruitful Imagination pictured, having been
chewed by HIM Yes, pretending to abhor national
bank constantly denonncing every other expcdent to
subserve the essential purpose exposing himself ~
the monsrous absurdy Of presenting every conceivable
objection 10 the scheme substitute, which he pre-
tends to offer, without serious effort promise iu
tuIe 10 these objections, which indeed are m
supcrabe il follows Of course, that the creation OF
another, the renewal Of the present bank must revert
upon him. and extort, II he reluctant, his
lla,iye admission of its imperious necessity
'Fhc difficulties in the way Of Mc adoption
of the treasury scheme, or III other words, OF
divorcing the government from all connection
with banks, are The same NOW, which were
pointed out by Mr.. Leigh in 1884. The
friends Of the banking system, whether, as
at present. or differently, organized, through
out the country, vii! all combine against II.
Ii is as certain as that human nature covels
and Clings TO power. 1t is as certain as
that man Isl less eager 10 acquire power,
than he is willing to give it up, when ne
has once had taste of it. Is there not dan
ger, imminent and alarming, that those who
desire, by establishing the treasury scheme,
to acquire new power, or to augment that they
already have, though they are hostile to "a
national bank" will be joined by the friends
of a national bank with Interior and sinister
designs, sooner than the friends of the state
bank system will give up the power they have
already, and give into the untrled eXpedlent
of the treasury scheme Let any man who
has traced the motives of human conduct,
answer; and let the friends of the treasury
scheme beware. Take power from those
who wish to retain it, and you estrange them
from you forever but if you only prevent the
acquisition of power, there may, and speedily
TOO, be pardon free and full, Ifthe friends Of
the treasury scheme succeed by the unenvi-
able aid of d coalition with the friends of " a
national bank" the ranks of the republican
party will be broken up to reunitc no more.
/ IL
ing the friends of the state banks of power
once enjoyed, will estrange them forever But
if the friends of the state bank system sue
coed in keeping the power they have, the
wound inflicted on the friends Of the treasury
scheme in being only kept from acquiring
power they have never possessed, may be
healed, and reunion be speedily effected,
and their affections be rekindled and glow
with new created fcrvor.
In this view of the subject, | submit ano-
Their question. If, under any circumstances,
the friends of national bank shall actually
combine with the friends Of the treasury
scheme, cui bono, will it be done :! Will It
be for the permanent benefit of the friends of
the treasury scheme !! guess not 1t will
be first to defeat the state bank system, now.
and forever and then to take the friends of
the treasury scheme (estranged from their an
ccnt ally) captive at their will. In all future
contests, the real friends Of the treasury
scheme will be mortified for their desertion,
and be ashamed to come back to their ancient
ally, the friends of the state banks. They
will be at the mercy of the friends of a ma
,ional bank What their fate will be, and not
long first, it requires no prophet to tell The
pun,ca fles Of their new ally will soon betldc
them.
But let us return to the difficulties in the
way of establishing the Treasury scheme,
which were presented by Mr.. Leigh in his
Petersburg Speech. He says, 1.-The sup
porlcrs of the Executive claims to power, will
combine with the others,) against it," Now,
] am entirely at loss, to imagine how Mr..
Lcigh's clear and vigorous mind, and jealous
Of Executive power, to fault, perhaps, could
so widely have missed the mark. Let it be
tried, when it may, and the supporters Of
the Executive claims to power" will be found,
in solid column, fighting side by side, for the
establishment Of the scheme. So far from
being difficulty in the way Of establishing
the Treasury scheme, it is manifest that late
friend Of the State Bank system spoke truly,
when, (Nov. 20, ls3i,) he said in the CO.
lumns Of the Globe" 1t is as palpablc as the
sun, that the effect of the scheme would be,
to bring the public treasure much nearer the
custody and control of the President, than it
is now, and expose it to be plundercd by
hundred hands, where one cannot now reach
it."
That il would greatly augment the ntlu-
ence Of tho President Of the United States,
armed with the power, las he should be, TO
remove subOrdinates from office, for just cause)
is so evident in the scheme itself, and has
been SO clearly demonstrated by others, that
forhear TO enlarge on the topic.
With the disposition TO do Mr.. Leigh full
Justice, which claim to have rendered to him
on all occasions, deem it proper TO remark
that the scheme of divorcing the Government
from all Bank Agency, which was glanced at
by him in the Petersburg Speech, proposes
tina, the revenue shall be wholly unemployed,
Qi | understand itl between the time of the
better contribute any essential degree To dispta
ln,.r, liz nf hlIk