The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-08-26
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Ahe IoloWHg ietcr 10 from . Ieauing anu dirtln-
gushsd member Of the Republican party, and an active
and devoted friend Of the administration.
New Yonk, August ed, 1887.
The people Of this country are not
willing to be ruined, and will hold the authors Of their
calamity to just and fearful responsibility We may
read IN the history Of other lands what comes Of chain
ing down the energies Of people by restricting them
to the use Of base money currency-Simply beggary
degradation, POLITICAL social and national J. for one
care not to the day when people shall emulate
the population Of Naples, Lisbon and Madrid prefer
TO see them bounding onward career Of prosperity
which is the result Of their une,teed enterprise
There is nothing in the exgencics Of the times to
awaken alarm in the mind Of any man. II the govern
ment will but foster the public interests by acting in
concert with the State institutions the whole evil under
which we labor may be removed in less than year,
and our commercial communities again restored their
wonted prosperity Nature has come nobly to the
Tescue-the soil never gave Of abund-
ant harvest foreign markets sustain the value OF our
products beyond our utmost hopes and this, too the
midst Of an almost universal depression Of commercial
interests Our debt abroad is in course Of speedy
liquidation, and has already ceased be considered
burden; and, to ALL every business community
nay the whole people, are steadily engaged in
81 ngid economy and retrenchment with the view to
remove the odum Of debt and to recover the advan-
tsgcs Of unarnished credit With abundant natural
resources and just disposition prevailing among the
people, what have we to fear1 Truly nothing, unless
the returning tide Of our prosperity to be obstructed
by some "unired Experiment" to crafty these neriy
st'nag-Ip political retormers
Our state banking system is sound and has been too
strongly commended, heretofore, by our leading party
statesman, to be suddenly put aside as worthless
without serious inrosd being made upon their consist
Iha hnnk M a. ~
trs.h least in the wrong, for the evils which have
come upon U.s. The Government and individuals
have contributed TO produce this unforeseen result The
government recommended and the people solicited that
the banks should extend relief to the commercial in
terests and what the return they receive for
their compance-denuncison and abuse from the one,
and from the other, it is not for me to say.
II seems to have become the fashion Of lae in high
places to consider the city and state Of New York
especially deserving Of denunciation. There s rank
injustice in this New York has been true to the Union
and to the integrity of democratic principles, in the
darkest periods Aye, even at the sacrifice Of her
immediate interests. Where, in past times, did the
other democratic States look for evidences of control
ing public opinion Where did the smaller and poorer
States turn when oppressed by the oyergrown wealth
OF the Arstocracy, for aid in their emergencies Where
did political missionaries bend their steps, when money
was wanted to establish newspapers or TO print docu.
mcnts for the dissemination OF sound political doctrnes
Where, in Short the Battle Of Democracy fought,
il not in the city Of New York! The Globe itself is
,reH qualified 10 speak this subject! Let ansrer,
if it likes, such wholesome catechsm And how are we
repaid Look at the columns Of the Globe daily
The reply is never wanting there Depend upon it,
good cannot come Of such wanton breaches Of faith
Of such rank ngratitude.
The merchants Of New York, as body, have Cener-
ally been grant you, opposed to the Democracy, In
this they have but enjoyed with common right to
their own opinions. (The ultra supporters Of" Equal
Rights, twill not surely object unrestricted exer-
else Of the right Of opinon But we must not forget
that among this much abused body Of merchants are
pure, upright, and unhinching democrats
TO be found in this Union Men who have stood un-
moved and firm in their faith amidst pers that threat
ened to overwhelm them in a common ruin. When the
whole body is denounced traitors TO their country it
may be well look around and understand who are
included in the wholesale Remuneration. can point YOU
70 scores Of merchants who have supported General
Jacksons administration, and upheld his measures with
purse and pen from pure devotion to democratic princi-
pesnen who never sought and never would accept Of
Office Ycthow such men traduced and vilifed by
some who live upon the public bounty, whose support
Of democratic principles, at least lacks the merit Of
disinterestedness
Let tno be said that the regular portion Of the
democratic party in this city, the prlnci-
Piles they have heretofore avowcd. The Islander sticks
not They have changed in nothing. They maintain
now the doctrines Of Gen Jackson's messages from 1928
to 1896 And especially upon the subject Of banking
and the currency, do they carry out the views OF his
reio on the United States Bank These are the same
who sustained him throughout his whole career,
and who when the power Of wealth threatened crush
the weaker democratic states, nobly forward
furnish the necessary TO sustain the efforts Of
those who advocated his elsewhere. And why
we denounced Because, forsooth, we will
like others mad in search Of visionary theories
and risk the ruin first Of party and then Of the
country
Upon the Cardinal points Of Democracy, there is mo
change here, among those whom am willing TO con-
slider as belonging to the regular democratic party but
we rspudatc all that pertains TO loco Joco1sm vile
tant, and AVOID Its contact would that OF pcst-
lcnce. Mr.. Van Buren, has no truer, frmer, more
useful friends, than to be found among those WHO
will not lend themselves TO be guided by these and
most uncertain lights This he will find to be true,
whenever the time Of trial comes The men who stood
by the parry in the panic Of "a those whom the
Globe denounces " bank traitors" Those whom |
knor to have been firm to their faith in that period Of
peril, and who were willing and anxious to negotiate
with their enemies for surrender at discretion, are now
the men landed pure democrats by the Evening Post
and papers Of that kidney.
Much greater affinity exists between the "Whigs"
and Radicals, than between the latter and true democ
racy. We desire no communion with either
The right feeling prevails in the interior. The yeo-
many Of the south easily deuded, and we shall
retain strength enough to rally in just cause, nor
have any fears Of ultimate success 1t is enough
to know that stand by the principles Of Madison and
Jefferson and Jackson, though the Apostles them
selves 60 mad and deny them.
am truly rejoiced, though not at all surprised. al the
indications Of sound state Of feeling in the Ancient
Dominion The Mother Of The Democracy holds to
her faith mistaken, unscduccd and unterrifcd Light
from such quarter is cheering, indeed, us amidst
the gloom which darkens horizon
The eyes Of thousands are turned towards Mr. Rivcs
in the belief that he will advocate course Of public
policy, alike with democratic principles and
the general welfare His is noble position and feel
confident that he will be found fully equal to the cmcr-
goncy that calls his fine powers into action.
STATE OF PARTIES IN THE NEXT CON-