The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-08-30
HON. a. p. TALLMADGES SPEECH,
~ THE U, S. SENATE, MARCH, 1881.

We prcsen our readers with short extract from the
able and clocucnt Speech of Mr.. Talmadgc, the
removal of the dcposcs at the famous Panic Session.
The patriotic Senator little dreamed then, that he would
SO soon have defend himself against the assaults Of
those with whom. and for whom. he then nohly
fought, and gloriousy trumphcd. His powerful
Speech was shield, only Of State Banks, but their
real as well as pretended friends, which the weapons Of
the Opposition could not penetrate A portion Of that
shield in the shape of extract, now n'crposc to
" 10 sarc him from has friends He take Of
his foes himself"
AT the time this speech delivered, j, praised
and commended wi,hon, measure or stunt, by all the
leading and following journals Of the administration
nay, Ivy friend md foe
Tho honorable Senator cn,rcnchcs himself on the
same ground now. which he occupied then. Why he
should be ccns,rcd now for that, which he was com
mcdcd for then, left for the explanation Of those
who plume themselves upon consistency!
The safety fund system combines all the advantages
Of Others without their disadvantages 1t also
many benefits which other system possesses The
banks arc hv this means, rendered perfectly safe, and
the community, by necessary consequence safe also
When this system shall 10 be the object Of political
attack at home and abroad, 1t will be regarded
Of the greatest improvements OF the age the business
OF banking 1t has cured the greatest cyl which the
country has heretofore elthc liability to loss by those
least able sustain IT. Every days experience renders
It's importance more and apparent 1t has already
extended its salutary influence the whole people,
and it viii confer enduring fame him who first had
the honor to recommend it to the legislature Of hrs
tive State The attacks upon it will cease. when the
great moncycd arstocracv, which is attempting to
rule tho country, shall expire, and when the political
asp,rauss Of the present day shall find favorable
and more fit objects for their socitude aud
forget and forgive The assaults which made from
alnoad-lrom those out OF the Statc-ior such, there
may lie offered many paliatons M,snfornation
misapprchc,sion III regard to the sysem-a kind Of
parental affection the part of for The Bank Of
the United States which created hy them--an
wccnng desire for the public good IA patriotic ardor
IN defence of the bleeding Constitution and violated
laws Of the country All these motives may influence
their action But what shall say Of attacks upon
own institutions from our own citizens Attacks too,
for The purpose Of aiding the Of thai, great money
ed power, which has made ItScli carlully felt from
one extremity OF the Union to The other Look at tho
mf,nnus paragraphs Of editors at home, aud Of letter
writers from this city, hv which the pubic mind has
been attempted TO lie excited and alarmed Sec The
assaults which have been made from day 10 dav,
local institutions, with break them down, and
to spread ruin and disaster throughout widely
tended TERRITORY look at the mccudiary attempts To-
impair the confidence Of the people our local banks
to excite nic, and cause run upon them to compel
them 10 stop specie payments Read the advice ilpp
such sources the nany thousand shapes III which II
his hccn presented " LET he cd,unns man housc his
iHis sncE, Sccn,c fr0,a r pcng ~ Mc piicss storm
Hai approacisS' " Lct HIM rho has a fire doikir hW
10 I'm dsit crcha"gc for Sr"cfc, ,ch'is tint my nj
b. hdd SIR, an ashamed, and mortified, and hu-
Undated, TO Announce on this floor, that have amongst
citizens reckless Of their own honor aud 50 re-
garrss Of the interests and character Of the State But
sir, have too mach confidence ia the people of Ne"