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

mnlstraton Of President Jackson one OF the cotem-
Poranes' OF Thovas JeHerson,) that he signed bill
approving and confirming the establishment Of three
banks IN the Territory OF Wisconsin This was done
py ANDREW Jackson-he therefore not loco foco.
Ia this State, the Bank Of New York was ncorporat-
ed in 1871, the Bank Of Albany in l792, the Bank Of
Columbia IN 1898, and the State Bank IN ls03-a
under the administration Of the father Of the democratic
party in this State, George Clinton. Governor George
Clinton, like his contemporary" Jefferson was oooosed
70 National Bank constitutional ground but he was
not opposed to State Banks. He was loco foco;
he did not believe with Fanny Wright, that all things
should be in commoD, that currency purely metal
hc was adequate to the business wants Of the country
Daniel u. Iompkins was also a contemporary Of
JEFFERSON and was always supposed TO BIO true demo-
Graf. Under his administration the Mohawk Bank was
incorporated in 1907 the Mechanics and Farmers
Bank the Bank Of Troy, the Middle District Bank and
the Bank OF Newburg, in 1911 the Bank Of Utica and
the City Bank of New York, in 1912: the Bank OF
Lansingburgh, the Catskill Bank, the Ontario Bank,
and the Bank Of Orange County. in 1918 the Bank Of
Niagara and the Jefferson County Bank, in 1916 the
Bank Of Geneva, the Bank Of Auburn, the Bank Of
Washington and Warren and the Bank OF Plattsburg,
IN 1917 Daniel ID. Tompkins not loco foco.
Dewitt Clinton was contemporary" Of Jefferson,
and under his administration several Banks ncor-
porated. Dewitt Clinton was not loco foco
Joseph Z. Yates was OF the " Contemporaries" Of
Jefferson, and under his administration the Tradesmens
and other Banks were incorporated. Governor Yates
was not loco foco.
Martin Van Buren, contemporary" of Jefferson.
He recommended the renewal of all the bank charters
in 1929, and universally epued TO be the father Of
the safety fund system, until indscreet friends
have recently taken upon themselves TO deny that he
meant what he said in relation to banks Martin Van
Buren, was not a loco foco
Enos L. Throop and William l.. Marcy were .co-
temporaries Of Jefferson, and under each Of their ad
minlstrations banks have been Incorporated Neither Of
them is a loco foco.
0nrh ks haya nj only haan cd md.
publican governors, but nne-tenths Of the whole num-
Der have been voted for by republican members OF the
Legislature, who were contemporaries" Of Jefferson.
Indeed, there has been time since Jefferson
to the Presidency in 1901, when the federaists
had majority in both houses Our republican legsa-
tors have not therefore been loco focos.
In 1914 the banks stopped specie payment. Gov.
Tompkns did not make war upon them the Legislature
did not make upon them. Unfortunate and deplora-
bic the event was there supposed to be an abso
lutte necessity for it, though the banks in New England
continued TO pay SPECIE and the misfortune endur
ed The democrats Of those days not loco focos.
But now when the banks in all the states have stopped
and the whole commercial world convulsed and srug-
Cling for life, stoppage by our banks is to be visited,
retributon upon the banks but in ruin upon the
whole community Our modern radicals not over
honest in pretending that they stand the principles
of the democratic party established by Thomas JEFF
erson and his contemporaries" Thomas Jefferson and
his contemporaries" although some of them were and
at high premium, and then commenced warfare upon
those who did not. They never attempted to destroy
the just influence of a political friend by whispering
that he was bank man. y unsound, J" or crooked"
unless they could point to some departure from the
principles Of the democratic party"
The democratic editors who were contemporaries"
Of Jefferson, were bold, manly, and direct in their
course they dared to their real sentiments for
two days, for two weeks in succession, and in
deed for all time, without reserve e9uyocation.
Ihaun utnft ha 10 tha
bity of expressing their opinions Loco Foco scissors
conrvance Of modern times. The old
fashioned democratic editors never followed any one
man, small knot of men, to the exclusion OF
all ohers-they went with the party, not merely with
few individuals.
Now if our friend Of the Argus is not loco foco,
will he be good enough to say and stick to it, if he
is one, then having shown that he has departed from
the principles Of the democratic party, established by
Thomas Jefferson and his contemporaries" we have
right insist that he shall fulfil his promise and come
"back to the republican track" We pause for re-
,,1,,u