The Arkansas advocate., 1837-04-10

ber hanks Such an institution will be pregnant with inc same evils produced by the Bank of the U States although it's sphere of action IS more confined and ID inc State in which il IS chartered, the money power will be able to etnbody it's whole strength, and to move to-
 pether with undivided force, 10 accomplish aHv object n may wish 10 attain. You have already had abundant
 evidence of its power to nilict f3nry upon tic agrcui-
 pral iaechanical and abofng classes of society; and over those whose engagements n trade or sfecuiaon render them dependant bank facilities the donln- ion of the Siate monopoly will be ahsoiute and their obedience unlimited. With such bank and paper currency the money power would, few years, gov- ef tue s5tae and control measures; and i sGsi- cien number of States be induced to create such establishments the time will soon come when 1t will
 again take the field against the United States and suc- ceed in perecng and perpetuaps It's organlzatoh by charter from Congress.
 II is one of the serious evils of our present system of
 banking, that 1t enables class of sociey-and that by no means numerous ons-by it's control over the currency to act Diariosly upon the interests of ali the
 others and to exercise than is just proportion of influence in political aairs The agricultural. the me- chaneal and the iaboring classes, have htae or no share n the direction of the great moneyed corpora tons and from their habits and the nature of their pursuits, they incapable of forming extensive com hinatons act together with united fofce Such con- cer. of action may sometimes be produced III sngie city, or in small district of country by means ot per sonai communications with each oiher; but they have
 
 are engaged in similar pursuits in distant places they have but little patronage to give the press and
 ercise but small share of influence over M they have no crowd of dependents about them, who hope to grow
 rich without labor, by tbeu countenauce and favof and who are therefore, always ready to execute their wish ss. The planter the farmer, the mechanic, and the
 aborer all know that their success depends upon their
 own industry and economy and that they must not ex
 pect 10 become suddenly rich by the ffus a their toi
 let these classes of society form the great body of the people of the United States they are the bone and tie sinew of the country; men who love liberty and de- sire nothing but equal rights and equal laws, and who,
 moreover, hold the great oi our national wealth, although IS distributed in moderate amounts among the millions of freemen who possess it. But, with eYerwhe miog numbers and wealth on their sde they constant danger of losing their far influence 10 the Government, and with difficulty maintain ther just rights against the ncessant efIarts daily made to efoach upoa them. The mischief springs from the power which the moneyed interest derives from paper currency, which they able to control; from the mul
 tude of corporations, with exclusive privileges, which
 they have succeeded Tn obtaining in the different States, and which are employed altogether for their benefit; and unless you become watchal IF your States, and check this spirit of monopoly and thirst for eXela sye privileges. you will, in the end find that Inc most important powers Of Government have been given barorod away and the control your dearest inter- ests has passed into the hands of these corporations
 The paper money system, and its natural associ- aes monopoly and exclusive privileges, have already struck their roots deep in the soii and 1t will require all your efforts to check is further growth and 10 erad- icate the evil. The who profit by the abuses, and desire to perpetyate them, will continue 10 besege the halls of Legislation in the General Government as well in the States, and wifi seek, by every arfice,
 slead and deceive the public servants II IS 10 your- selves that you must look for safety, and the of guarding and perpetoating your free institutions. In your hands Is rghtiully placed tho sovereignty of the nnd fn yotla in af44ho rit.c ultimately responsible. It is always in your power to that the wishes of the people carried into exc cution, and their will, when made known. must sooner later be obeyed. And while the people re- main, trust they ever will, uncoEruped and ncor- ruptibe, and continue watchful and jealous of their rights. the Government s safe, and tie cause of free dom will continue to triumph all its enemies.
 Bat Ii will require steady and persevering exertoas yoar part rid yourselves of the niqaes and ls- chiefs of the paper system, and check ihe spirit off and other abuses which have sprung up with t, aud of which if s the main support. So many n- terests united 10 resist all reform on this subject that you must not hope the conflict viii be q short one nor success easy biy humble efforts have not been spared during my administration of the Government, to restore the constitutional currency of gold and silver and something, trust, has been done towards the ac- eomplishment of this most desirable object. But en. ough yet remains to require all your enefey and perse verance. The power, however is in your hands, and @ Ns4l must S0 ePt''sSe' !" J0d detefuihe apoA It.
 While am thus endeavoring to press upon your at- ienon the principles which deem of vital importance Tn the domestic concerns ef the country ought not 10 pass over without notice, the important considera ions which should goYern your policy towards foreign powers 1t is unquestionahy our true interest to eul tvate 'he most friendly understanding with every na- ton and 10 avoid, by every honorable means the cal antics of war; and we shall best attain this object by franuass and sincerity in our foreign intercourse bv the prompt and faithful execution of treaties and hv justice and impartialty in conduct to al But no nation however desFous of peace hope to escape occasional collisions with othor powers; and the sound- est dictates of policy require that We should place our