The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-09-14
A POLITICAL CURIOSITY.

ed at New York, hitherto literary periodi-
cal, has assumed, we perceive, in its number
for September, "a distinct political cha
raeter."
We have all along predicted that " ex-
tremes would meet" and confidently antici-
pated that the Wings" and /" I.oeo-focos"
would unite, as they recently did in the city
of New York, in defeating the party that
brought the present administration into pow
er. Every day is proving to us that, the fed
eralists Of former times are becoming the
/" loco-focos" of the present day. The for
mer, always dissatisfied with the form Of the
American Government, naturally coalesce
with those who are designing now to tear it
up by the roots. But the amalgamation, it
will be seen, is of the most curious and in
congruous character, if we are permitted to
Judge by the political professions Of the Anne
rican Monthly.
The state Of the times" the "public apa-
thy" political profigacy,"" executive usur-
patton" violations of the constitution" and
the fact that periodical is forthcoming at
Washington, unhappily about to devote its
energies to the perpetuation Of those PERM
cious principles Of government Of which we
SO much deprecate the prevalence, and to the
defence of those abuses which have already
given the country so grieyous cause to
mourn" and "a call for light" seemed to be
the reasons assigned for this change in the
character of the Magazine 1t says:
1.-THE course Of the late and present administration,
in preaching doctrine and practising another; in
hanging out the banners Of Democracy while enforcing
actual despotsm in encouraging foreign political
influence in the very heart of the county while affect
ing high nationality IN yilifylng the monied insiitu
tons Of the country through the medium Of the banks
and lastly, in interfering with the private affairs OF the
States under the preence OF studying the welfare Of the
thinking to the present condition of the Republic,
and alarm them for The extremity to which all things
seem tending.
1.-The theoretical believers in true Wing principles
at length the necessity OF carrying their principles
into action by every exerton in their power and bring
Ing back institutions to the original objects for
which they established This is only to be done
First by checking the overwcening influence Of the Ex
ecuve Secondly, BY arresting the interference Of the
General with the State Governments. Thirdly, by
preventing the increase OF foreign voters and Fourth
y by diporcng The dangerous anon Of Bank and STATE,
and leaving money to be dealt in by the citizens of the
Republic like any other article OF trade"
The article then proceeds to indicate a
preference for the American party, and the
doctrines of Free Trade and States Rights"
"'Principes not men, must be our motto; and not
the motto OF our lips only, but OF our practice also"
To illustrate the principle" practically,
he proceeds to speak "of one whose name
hasbecome synonymous with sycophancy and
partisan servility," of another as servile
and sycophantic slave of the palace, arraign-
ed as a eulprit," and Of others, with various
terms of reproach, unbecoming journal of
the character and dignity this has hitherto
sustained.
He is against the re-charter of National
Bank, against all banks, and is positive the
system must fall" He is in favor of free
trade and free banking.
On the subject of the g Divorce of Bank
and State" he has the following:
When the leading article Of our present number was
put press, had idea that this the raying cry
Of the real and seeding democrats of the country, as
well Of large portion of the opposition, who agreed
with them sentiment upon the subject OF free trade
in banking, be taken up by the tory party
generally. AT that the Administration paper at
Washington held different language It trembed before
the Albany Regency, by whose aid Mr. Van Buren, has
long controlled New York, and who governing them
selves through the medium of the affiliated banks, placed
him in power by the means with which he now finds he
can dispense But though that party, which so long
irad tha 10
which have gwen them the ascendancy, is
why the wings, body, should secede from the posi-
ton which many Of the most intelligent among them
just preparing TO take. For once in the Of
many years of political trimming, the tories have last
committed themselves TO principle, and let hold
them to it, We have seen how they have misruled the
country through the medium Of State moncycd inst
tutons, and can Judge how thoroughly they would
have esaved had they gained the possession of
Federal Bank. No bank can be established Of
which they would not have the management aud,
however compalriots may disagree in relation the
constitutions, power OF government TO regulate the
rency, however temporarily expedien il may be to have
National Bank TO revive dropping commerce, it
must be agreed that only permanent salvation lies
taksg the currency entirely from the control oil the lead
ing powers, and leaving money, like other merchandise,
10 regulate itself Credit would then establish itself
upon basis which has never occupied Its growth
though Slow would be and foreign capitalists,
secure against the ntermedding Of political quack
savcrs, would, by making tins country the theatre Of
their operations, instantly supply the sinews Of com
merce, So much wild radcaltsm and moderate slang
whangng has lately been mixed up with this subject of
Bank and State, that disgust may prevent many from
examining its real bearings but since the time when,
III the Con, enon Of the State of New York. RuFUs
Klia so ably opposed the granting Of monopoles the
leading doctrine OF our modern Loco Focos has con.
tnuay been making converts among the intelli-
gent men in the community. Shall we now, because
the tories have been driven partially to commit them
selves to it, reject the boon from suspicion Of the
corrupt hands which extend 1t to us Let us hold
them rather the divorce of Bank and State" Let
unite with them IN elfecting the measure watching
only lest there be double play behind this unwoned
committa to principle some game which they will be
certain to carry cIcciuav under tho smoke Of tho s,ruc