Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-10-02
From car Correspondent Ro.i5eAild, No XxxvIl
NNA.utNrrrn.r SAM % 1927

WAsHIScToH, Sept. %, 1897.
Az predicted a few days ago the whole banking
system Is 10 be prescribed. Mr.. Buchanan IN his
speech today avowed this 10 be the purpose of the
party. tie made dad set az himself lie pro-
nounceo u un FOR commercial or currency purposes.
And ", sad be, the nerchanls and the farmers would
only believe that there nerer Dc National Bank
again the legislatures Of the states would only re-
street the charters Of thssa banks within Their Il.
mlts now subject, thank God, 10 the power Of the
law making body if the general goveTnmen, never
countenances the system IN any shape hereafter
peace and prosperity will come 10 the country.
Every day, every hour verfies the conclusion drawn
from Tina 10 time in my late letters. The dynasty
in power has taken the alternative with bold step,
and heaven and earth are 70 be moved 10 show thst
the general government has right TO provide a
fIonal currency. Mr. Buchanan welcomed the
state rights defender 10 the ranks of the admlnstra-
ton, and professed that Mr. Van Buren, had returned
To the good old school OF strict construction CAL
houn ~ no nor less than the leader of the adj
mlnistrson, on the floor of the Senate. lie Will
come into the succession handsomely, should the
great policy OF killing the banks succeed
You complain that the speakers IN Congress breach
no new IDEAS; Most true They get up ono after the
other To enlghien Their fellows and 10 speak TO their
constituents. And scarcely ono IN twenty acquaint-
cd with the subject before htn. Webster certainly
understands on what ground he stands. lie has
given US two speeches this session, and Zach of them
abounds with original touches. Bul wise legislation
does not consist IN new IDEAS or original thoughts II
10 based upon a compromise of Individual interests
and opinsns. Party spirit will not permit TINS com
promise, during the present session So look ont for
bad laws, even If any be passed.
To understand the dilemma in which the party Is
plunged You should hear the speeches Of adminIsra
ton members. They continually evad nc the con-
sequences Of their own acts, and denying that the
conduct Of Gen. Jackson wa. unwise. Mystify, mys-
lfy, mystlfy, IS Their motto. All they have 10 do, is
10 defend the new policy and dong they present
Almost precious picture Of inconsistency and political
rascsliy.
Mr. Van Buren, partIans in the Senate, feel the
insecurity of Their ground Hence their proceedings
upon the National Bank question the other day
Hence the language Of Mr.. Buchanan and bis KIM
the uue issue is-sha the nation be cursed with
National Bank or shall il collect and disbarse its
own revenues in gold and silver through the means
of responsible officers. They hope carry their point
by eeIistng the prejudices of the people against
United lates Bank. Can't the people be informed Of
this viIalnoas procecding7
The next move of the party IL 70 carry the next
elections in the states. The lower house Is ~ the
material they want. War war, war against this
body, fer danag 10 thwarl the good intentions Of he
President Isto be Tue watchwOrd. The roconsdera-
son OF the yoie en- the dspos'e posiponcment lace.