Iowa news. [volume] (Dubuque, Upper Mississippi Lead Mines, Wisconsin Territory) 1837-1841, 1837-09-16


| so far, this season. M
below VIC give few extracts, containing the
sentiments of distinguished statesmen aud patriots
OF the past and present day, OH the Bank of the
united States, the powers of Congress 10 Great a
National Bank, and paper money currency. Elm
these days of party excitement tho most patriotic
views of statesmen and politicians in opposition TO
such corporations are decried as being prompted
through selfish or ambitious motives. Let the un :
prejudiced nah read the following sentiments and
dlaw his conclusions
] (ETThe Federal party snow look to a single
aud splendid government of an .Aristocracy found
ed OIL BANKING Institutions and .Monied Corpo-
ratioas under the gnse and cloak Of .leis favored
branches of manufactures, commerce and nav,
igation, riding and ruling over tho pundered
| plouginlan and beggared yeomamry. This will
be to them next best blessing to the Monarchy Of
their first ann, and perhaps the surest stepping
stone to IT, Jcferson's Memoirs, Vol. w.
p. 422.
OF"A power to grant Charters Of h,corpora-
ton was proposed in the General Convention (of
l7S7) and rejected."- Madison's speech of 1891.
| 0FssIt is known that the very power now pro-
posed as means was rejected as an end by tho
convention which formed the Constitution. A
proposition was made 10 them to authorize
Congress TO open canals, and amendatory one
] to empower them to incorporate But the whole
rejected; and one of the reasons of the rejec-
ton urged in the debate was that they would then
have a po,oer to erect Bank which would render
the great cities where there were prejudices ana
| jealOuses OH that subject adverse to the recep
ton OF the Constitution Jcfferson's oficia
opinion iii l79l.
GEFs'l cannot but lament, from my inmost soul,
that los, for paper money which appears in some
parts of the United States; there will never be
any uniform rule, if there is sense of justice, nor
any clear credit, public or private, nor any settled
confidence in public men or measures, until paper
money is done away."-[ John Adams to John
Jay in 1856.
(eYsI then stated and yet believe, Congress, la,
mol the po,cer 10 charter Bank, conferling upon
it the power to do business within the limits of any
of the States.-[II L. White, July 1897.
0e3-SBanks and other vile freaks have thrown
the majority into the hands of those who were da-
pen in toryism and in British idolatry did their
mothers conccivc Mens."-[ John Adams.
CLNr"For long time saw with pain the ad-
vanccs of an aristocratic monied institution, which
threatened TO cast poisonous mildew our pre-
cious liberties They would have rendered our fair
country passive instrument in their hands, in
which case freedom would have vanished from a.
mong us.'--[ Gen. Lafayette, 1884.
0-tYss'The establishment of n national bank not
being constitutional, AID not being, in his opinion
the proper remedy for the thcn existing evils, he
proceeded to examine what it WASP Daniel
Webster, 1861
0rPsl conceive the establishment of this bank
as dangerous to the safety and welfare of this Re-
public."-[ Henry Clay, 1911.
0sSsI can never give my sanction 10 an in
s,itution which is capable, in any emergency, of
controlling the mercantile interest of tho country.
cannot recognise the authority OF. Congress TO
charter a bank. Flames Madison.
0AYs'l conceive the establishment Of the U.
States bank as direct violation Of, and dangerous
to the free spirit of tho Federal Constitution, and
oppressive and hostile TO the free institutions OF the