Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1837-06-14


be be- ,kcn.-lcncc the vD;itions of or treai'cs
with the Indians, that their possessions mi yt fall
a Prey to the spectators o. his party.
The stripping Of tl,c poor remnant OF the abort
1r:nics o. America, woIii, swever have ans ycred
b ii iiiiic COOL to Kendall anl COMPANY, Ia II the
Bank OF the Uaiicd States continued. The Bank
solvent; it would (Ii'sc the Bank Of Kcn.Ic
ky,) lend money only 10 solvent mon. The kitc.i- |
ca Cabinet spec Iiators, OF which MIR. kcniall was
the centre, were generally insoyent, and com
p9sei Of men as desper,tc in fortune as they were
in character and principles. To obv.tc this dill
cIty, nothing less wo nd do thln whit Kendall
did in Kentucky, which was to destroy the s1lv |
ent banks, from which solvent men alone cvill
borrow, AMI to substitute it with ins,.ycnt banks,
from VIII IN the insolvcnt and tho prostitute Of the
party could be accomnoiatcd with the means TO
engr,ss the public lan1s. An,os's project was to
pat the United States INK out of existence, place
the public revenue in sch State institutions as
would prostitute themselves to execute views by
loanng money TO his friends, who h I'd ass )ciatcd
themselves into comp mics to buy the public do
minis extending from Washingt N mo every
sttte in the Union.
This project was too revolving u NJ Lane, ant
he was &c .noycd tn make way fo- Diane, who,
like Amos's new court, was to do and perform all
tnccdfi violations Of the constitution, until the
public money was rendered accessible - Amos
and his friends. In this 1t seems Amos failed;
tho outrage was too great for Dimes ncrvce.
/ Even the flattcry and cunning Of Amos and his
I C,mpccr Reuben NJ. Whitney, sccon1c1 with,
first the smiles and promises Of reward from Pre-
dent Jackson and then his frowl AMI his threats,
I'D not force him to do the f,l dccl. Like the
assass sent to the dungeon to despatch Marius,
who, when he behed his august victim cachlincd
and imprisoned, with his weapon Of death III hind,
shrunk from the crime, enchanting, Il cannot Kill
Caius Mirius." The sacred c.m:nc OF Justice,
the spIcndor ola foreign mission, the golden pros
poets from the perpetual and lasting friendship OF
+ President Jackson friendship that never fail
cd 10 make the fortune of his favoritc-wcrc all
before him but they would not all Dc. Amos, wv
ever, found in Mr.. fancy much casier subject
for his chemistry to act upon. The Office OF Il
, Chief Justiceshio WAS too powcrfi Il an argument
for him. The bargain is struck--D iane is rem ,
, we'd, and fancy performs the act. From this act,
, the money ofthc nition has flowed into the hands
Of those bandtti of spectators TINT have ISIS led
in swarms from the metropolis, and with 1t public
property has been liircd by them to the amDlnt
r almost of countless millions. The distribution
bill however, overlook these spectators in luck
less hour. BY it these pct banks, that hive been
SO Prof,se with the public funds, made to ac-
count for the dcposit,s.
This bill would have failed, as did the renewal
Of the bank charter but that it passed lst before
NJ. Van Burcn's election, and Amos feared that 1t
. he made Jackson veto it, the spoils candid lte
might be VETOED himself. Its passage con-
sidcrcd by the party death blow to the golden
dreams Of wealth among the members of the kitch-
en- cabinet, growing out Of their speculation i'm the
public lands. They saw that the tatcs would de-
mand renewal Of the distribution act from year
! 10 year, unfit the pcrio1 liked tor the reduction
Of the tariff arr 5cd, and that consequently they,
the kitchen cabinet and their friends must either
return hard money the banks or do they did
Kentucky come ont nkrupts, AMI settle with the
pct who hid loaned them, at 81 cts, the dollar,
that being the rate paid BY Blair of the kitchen
cabinet Of Kentucky, to tn, banks of Kent ,cky.
i In this dilemma MIR. Kendall caused the Pres.-
don't to issue what is termed the Treasury Circu-
lar prohibiting the collectors Of the receiving any
thing but gold and silver in payment for The pub
lie lands. This order it WIS believed, would put
an eff ctual stop the purchase Of Ian Is fon the
govcrnm mt and throw all buyc-s upon the mercy
of the land companies that were debtors to the dc
positc bank How far Mr.. Kendall has sue
cccded by this Illegal and unwarrantcd stretch OF
power on the part Of Gen. Jackson, in forcing the
lands Of the spectators upon the buyer, by keep
ing those of the government out of the way OF COM
petition, c,n never be knownto the public. BIT
all know that he Suddenly brought bankruptcy up
on the country, and ruin on tho credit Of the ma
tionll and state stocks.
When this individual succcc led to the conf
dcncc Of General Jackson, the states were free of
debt the milton fast rcdccming itself from the
debt Of the war; the state banks, limited in power.
were solvent; the bank paper of the United States
was not only good, currency, but the best cu--
rcncy in the world. But through his influence c
yer an infatuated old man, the idol of the profit
gate Of the nation, he has forced into existence
, every where throughout the United States, n.y.
mcro,s state banks, like those nc crc,tci 70: Ken
lucky in 1917 based upon fictitious capital, and
, thereby fooled the country with paper; 50 that
, instead of the solvent currency ia kson fJunI IN
circulation, when he came into power, the states
have been forced into a state Of Indebtedness, as
well iniyluals, that threatens alike the states
and the people with general wreck. Bat
while this work Of ruin h,s been progressing a.
mong the states and the people at large, fortunes
have been amasse1by the min;ons ofcxccutivc pa
tron,gc Exttavag,n,c his increased in the pub
lie expenditures until they a,nount to nearly forty
millions annIally; members OF Congress alike
bought and sold i'm the executive mifkct house,
!. and the whole revenue and resources OF the coun-
try have been dircctci to the corfu .on AMI pol
Tut on of the elective franchise. Substituting the
. press and in the organization OF corps of office hun
tiers and Office holders. with mems to carry C.
: lcctions by bribery AMI faschool.
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