Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-03-14

strengh.to support or dcfoat any measure Of gov
eminent. In the hands Of this formidable power
thus perfectly organized, wus also placed unlimited |
dominion over the amount Of the circulating med- |
UNI, giving it the power TO regulate the value Of |
property and the fruits Of labor in every quarter of
Union and 10 bestow prosperity or TO bring rum, |
upon any city or section Of the cotntry, as might
best COMFORT with its own interest policy.
We are not left to conjecture how the moneyed |
power thus organized, and with such weapon in |
It's hands would be likely to use 1t. The distress and
alarm which pervaded and ageted the whole |
country, when the bank Of the United States waged |
war upon the people in order TO compel them 10 !
submit to its demand, cannot yet BIO iorgoten.-
The ruthless and unspaiing temper with which
whole cities and communities were oppressed, ind-
yiduals Impoverished aud ruined, and a scene OF
cheerful prosperity suddenly changed into one Of
gloom and dependency, ought TO be indelibly i'm
pressed on the memory Of The people OF the United
States. If such was IFS power in time OF peace
what would il not have been in season Of war,
with tho enemy at your doorsn NO nation but the
freemon Of tho United States could nave come out
victorious from such contest yet If iyou had not
conquered, the government would nave passedirom
the hands OF tho many to the hands oil inc iewi and
this organized money power, from its secret con-
clave, would have dictated the choice OF your high
est officers, and compelled you TO make peace or
war, as best suited their ow n wishes. The forms
fyour government might for time have remained;
but its living spirit would have departed from 1t.
The distress and sufierings inflicted on the peo-
pie by the bank, are some Of the fruits OF that system
Of policy which is continually striving to enlarge
the authority Of the federal government beyond the
limits liked by the constitution. The powers emu
mefa'ed IN mat instrument DO not confer on Con-
gress ne flght 10 esiabSh such corporation az me
Bank oil the U. >. and the evil consequences which
followed may warn us Of the danger OF departing
from the true rulo Of construction, ana Of permitting
temporary circumstances OF me nope OF Detler pro-
moung mo public WeHarei 10 influence IN any de-
gree our decisions upon tho extent Of the authority
OF the general government. Let us ABIDE by The
constitution as II 70 written, or amend II IN the con-
sututional mode, II II IS found to be detective.
The severe lessons OF experience VIII doubt moi
be sufficient TO prevent Congress from again char
tering such monopoly even If the constitution did
not present an masquerade objection to It, But you
must remember fellow citizens, that eternal vgi-
lance by the people the price Of lbarty and that
you must pay The price II you wish 10 secure the
blessing. 1t behofes you theI etore TO be watchu
IN your sBtes as wen as IN the federal government
The power which the monied interest can exercise ,
when concentrated under a single head and with
our present system Of currency, was sufficiently
! demonstrated in the Struggle made by the u S.
| bank Defeated in the general government tho
same class intreuers and politicians will now re-
sort TO the states md endeayor ia Obtain there ,he
same AUGMENTATION which ,bo,, f,;,od q, ,os,o,,,o,
in the Union: and with snec5us. and deoeiG,l MA ne
Of public ADVANTAGES, and State interests & state
! pride, they will endeavor to establish in the differ
emf states ona u,onied ns,itut;on yitb ovoraro,yo
can,taI N exclusive nriveges sUfcicnt 10 on shIs !,
to control the oporations of the other banks such
an institution will he pregnant with tho same evils
produced by the u. S. bank, although lis sphere Of
action is more confne6 and in he Etc in which Il
/ Is chartered the money mower will he able 10 ac-
complish any object i NAV wish to attain. You
have already had abundant evidence Of its power TO
h nm;n, n3ury upon inc agricu It meonanica & Ia
gaeements in trade or snoca,on rcnJsr ,bar, dn-
pendant on bank facilities, the dominion of the state
monopoly will be absolute, and their obedience I'M
, nm .o WIN sueh bank and paper currency,
sra,e and il % ~ = ro" Se&rs, govern ne
of states can be induced to create such establish
ments, the time will soon come when it will again
iaAe NE nela against The United States, y succeed
charter ram Con res 10 0's""'Au"'" "
1t is one of the serious evils Of our present system
cfbanking, that it enables class of sociey--and
that by no means numerous one-by its control
ests of ali the others md ~ rnor "b
just proportion of influence in political affairs The
agricultural mechanical & aborng classes have lit
coroorations and Trou, ,bs;u al me sea on'ea
their pursuits they are incapable of forming ex,en-
siye combinations TO act together with united force
p sunla o;, u Souon may sometimes De produced
means Of personal communications with each otb.r
but they have no regular or active correspondents
with those who are engaged in similar pursuits il
1;S ya b ,ney nave but little pa5onage tt
influence over il tbey have no crowd Of
about them, who hope to grow rich without labor b,
their countenance and favor, and who are, therefore
always VS. ,os1y 10 execute theIr WISHES
nc p'IntsI' 'me iarmer' lhe mechanic
dnu .''G 'ao"ie,i an knew 'iIal 'helr success
u,."uo u Po.' 'i'eir own industry ana econ
Unpy, anu tlai uiey must MOI expect lt
~ Vo oIey l,on ny t''e ltult' OF 'hei
WI, t et .''ese Gia"ses OF soc ely loTm IN
So So, oouy VI we people OF Tue OnEe'
o.a,eS '"ey are 'iie pune ana sInew OF 'h'
U ~o,s;ny I'M mien mnp oVe lioer'y' anu desIr'