Maumee express. [volume] (Maumee City, Ohio) 1837-1838, 1837-09-16
The hands Of those to whom ii properly

The hands Of those to whom it properly
belongs.
A System founded on private interest.
enterprise and competition, without the
aid Of legislative grants or regulations
by law, would rapidly prosper; it would
be free from all the influence of political
agitation, and extend the same exemp-
tion to trade itself; would put an end
to those complaints of neglect, partiality,
injustice, and oppression, which are the
unavoidable results of interference by
the Government, in theproper concerns
OF individuals. All former attempts on
the part of the Government to carry its
Legislation, in this respect, further than
was designed by the Constitution, have
in the end proved injurious, and have SER
we'd only to convince the great body ofthe
people, more and more, Of the certain
dangers of blending private interest with
the operations Of pubic business, and
there is no reason to suppose that a rep
etition Of them now would be more sue
cessful.
1t cannot be concealed that there ex-
lists, in our community, opinions and feel
ings on this Subject in direct opposition
to each other. A large portion of them,
combining great intelligence, activity,
and influence, are no doubt sincere in
their belief that the operations of trade
ought to be assisted by snch connec-
ton; they regard national bank as me-
cessary for this purpose, and they are
disinclned to plans that do not tend,
sooner or later, to the establishment of
such an institution, On the other hand,
majority of the people are believed to
be irreconcilably opposed to that meas
ure; they consider snch concentration
OF power dangerous to their liberties /;
and many of them regard it as viola
ton of the Constitution. This collision
Of opinion has, doubtless, caused much
ofthe embarrassment to which the COM
mercial transactions of the country have
lately been exposed. Banking has be-
come political topic of the highest in
terest, and trade has suffered in the con-
flict Of parties. A speedy termination
Of this state of Things, however desirable,
is scarcely to be expected. We have
seen for nearly half Gentry that those
who advocate a National Bank, by what
ever motive they may be Influenced,
constitute a portion Of our community
too numerous to allow us to hope for an
early abandonment Of their favorite plan.
On the other hand, they must form an
erroneous estimate of the intelligence
and temper oflhe American people, who
suppose that they have continued on
slight or insufficient grounds, their per-
severlng opposition to such an institution
or that they can be induced by pecunia-
ry pressure, or by any other combination
of circumstances, to surrender princi-
pies they have so long and so inhexibly
maintained. a..
My own views OF the subject are un-
changed. They have been repeatedly
and unreservedly announced to my fel-
low citizens, who with full knowledge TO
them, conferred upon me the two high
est offices Of Government. On the last Of
these occasions, | felt it due to the peo-
pie to apprise them distinctly, that in
the event of my election, | would
not be able TO cooperate in the re-
establishment of national bank. To
these sentiments, have not only to add
the expression of an increased convic-
ton, that the re-establishment of such a
bank in any form, while it would not
accomplish the beneficial purpose prom
ised by its advocates, would impair the
rightfnl supremacy of the popular will
injure sthe character and diminish the
influence of our political system, and
bring more into existence a concentra-
ted moneyed power, hostile to the spirit,
and threatening the permanency ofour
NEUTRALITY-SUSPICIOUS..
Local banks havesbeen employed for
deposit and distribution Of the revenue,
at all times partially, and, on three diff
ferent occasions, exclusively; tirst ante
rior to the first establishment of the first
Bank of the United States secondly
in the interval between its termination
and the charter of its successor, and,
thirdly during the limited period which
has now so abruptly closed. The con-
nection thus repeatedly attempted pro-
we'd unsatisfactory on each successive
occasion, Notwithstanding the various
measures which were adopted to facili-
tate or insure its success. On the last oc-
casion in the year 1888, the employ
ment of the state banks was guraded
in every way which expert
ence and caution could suggest. Per-