Iowa news. [volume] (Dubuque, Upper Mississippi Lead Mines, Wisconsin Territory) 1837-1841, 1837-09-30
From The Globe
PRESIDENTS MESSAGE.


explosion the banks, followed up BY iunois al
tacks from The veterans Of CORRUPTION, they were
looking for po!n, around which they Ingat rally
and rai,r, to Inc onset This Massage IS hailed
by tscGi az the upfisd banner, inscribed WIN
UTHE SEPARATION or BANh AND
.sTATE,,-"NO BANK OF THE UNITED
3 sT.T'ESs.'' Il presents sis iai!fi's poisS q ING
;mnend;.o cso,es,. Here the s.democLacy OF a..l-
DC 81, win take their stand, and mere they WIZ
rensw tho fight, confident OF victory,
Pupou:onsi 10 the jog Of the democratic party,
"a The disappointment, rags and fury. o. 1.-THE aTs-
,,o:racy efwsal,h.p No spithet is 100 oppfo9fioas
70 b. hsapad "a The Me sage and Us author. ihsy
had 70 m "a a, ia3onect opinion OF the fEasiHeft
rhafacter because he is pruie;lf, thsJ thoasnt !
ni,o.tinm. Because he has never obtrrdsd ms I
opinions .pon cav cadss and city gahefngi, rom
balconies and tavern steps. they gave sapgo;Ed ne
had none beyond the expedency OF the moinel's. |
Fitted by fseTeceit siccessa over surprised aus
OBSERVATION-DISCLOSURES they suPposeatee Tfss'deas
wa3ful ofttep!dation and alarm, and Wonla give
acm Message without point OF Iiseani NJ diseoi
ing to his fisnas and inviting the attacks OF ms
enemies FINDING il clear. manly, and e2plieii, z
proof 10 the country that they Rave been coysIihg
him wit, slanlas. iey hare rssoEt bit s9nsaiea
abuse o. tIirectwarfa-e cpoisi is pFinciples as'H
,.ositons To Ink deiencc of these. le Aemoc!acg
of the country are rallyins win ;:'s most che2'h5
,inaniu,iiy.
The clIiaf gssi.,a 0: atacs aToa the aisssase Is.
that it is raGical, ani proposes the oEe tns1. 81 !
listing institutions particularly lhe SaaAS as.s
is no sr1ch pre- pos;ion in it. Ga thc con;E2Iy: y
proposes to LET THE Bt.Si.S Al.osh Il
proposes to separate TIC business efae Eossri'hsn
from thar of,ha banks, ard !sa4e tein il TIE GA
cnoytnsn. ofaihe rights ail privileges 7.1!eh iaa
Stafss, their cEaato.s. 4nay iniaS o'sF 70 coesae
10 item Il proposes MT 70 1atetefS trfa item
in ang ray sebaGsQeyer. Iiisayc..s The Eignt and
49,. az,
TO regulate or .thro# them l. the-e any :aiag
radical o. revolutionary in CHS!
r.. the ha.,gs :l.a rct co.-tent II ls lei a52as.
Having stopped pa lieil. with sore foxy mi2a o.
public snoliav iii theiT vaults. they E.3dasy ask
that ths paople shan pas Of tiloi. debts, ard PIT
mora piiic m onay into theiE sgf eatto3gs In i8e
ilio.ss.ous PROPOSITION that ths Gore nlae4t shall
receive eirds notes f,3 pab;ic dues. aad
par .heni oa: 70 the public c.e2i;oss, "a violation Of
,no.al right and. Ire plain principles ofte Coasti
tution iaey find advocates in quarters wnsse better
things were 10 be expected. If the Government.
VIII con3es,ead thus 10 pay OF taeir da5as bye
aceraing their notes, they promise tofesgme sgecie
payEseaiz, aad continue liem hereafter. hat
are their ;;.seif;=-s worth! Ibey ass e.eTy day
issuing Pranairss 70 pay Oh demand, and every day
refusing top Hy o.. demand. The Go7eumant had
their promises gaaraatisd by the pso.sion Of THEN
cha,tess and the law Of tho States it had il adti
tor sDeciai contracts With them and III ma ay cases
heavy personal security besides. Bat syha; aTa!l-
ed ii all Apparently without the siightest com
pnae,ion, they refused to meet these obligations
with tens and hundreds Thousands i, .,eir vaults
What, then. their promseswoyth! Ii they VIC
late them all to-day, for the purpose of relieving
their debtors whitney noido the thipg should
interes, prompt them, to-moro.! VIII they re-
gard as more obligatory new promise than as old
.oael
bot il sail tie banks were Obliged to stop pay
smsnt. 4 have not heard Of single bank which
w0s obliged 10 stop mot one which mad not con
siI, 81 specie hand :vsii i; stopped
Mr.. Bddle publicly declared, that his bank could
have continued to pay if i, would. No bank coult
BE- obliged TO stop 50 long as it had on hand cast
enough to pay tia note presented 4 could not b
obliged - stop until It's cash was exhausted. aud /
no longer had the ability to pay 1t is ed, thu
their specie scoui all haze been drawn out, all,
that they pouid have been compelled TO stop at last
,nnder circumstances less favorable TO speedy re
sumption. Ihisargument admits thai il was wit
the banks n question Of erpedtcncy, and not
necessity. Corporations have no soulg, and may
therefore, feel themselves at liberty 10 weigh lii
crpcdicnt against The honest. Bat all honest ma
cannot stop 10 reason in such n case. He feel
himself bound to pay his debts as long as he ha:
dollar ON hand. Neither his conscience nor III
law Of the land win permit MIN to cohsiderpheth
erhc can pay year hence bettcr than ne can Il
NaJ' - 80 .o'''''~> '" ~; '' '''.''' ny ~
given up the night to CONSIDER any such question
and hlssole business is TO pay Unforeseen ealan
stles may cut oil his means, and prayenthis ac'iu
ring the money. thereby furnishing himwith got
excuse bu, there isno in morals III law,
long as he has the means Ola hand 10 say nc vi
not pay because he deems II nexpedient, or he vi
not pay one debt because he has not money {
hand to pay all, is an act OF Iatpabh dtsi,onsest
without apogy in the eye OF any law, miuan
divine. This is Tho condition, OF all tho ban
which have stopped payment. they have not BET
forced 70 stop, but have .stopped a. matter
caoiee. instead OF providing inc means 10 me