Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1837-05-09

such consequence, we predicted. y, VS. then
s.,d end repested. al pressed npon the Puohe 81
Ieu,'cn, that that inference must necessarily pro
decs dersnremcn,. ebstrassmeni, and want o'
confidence and com.rsial distress. pray YOU
gentlemen, to rccur the debates Of 1882, 1888.
and 1854, and then decide whose opinions have
proved TO be correct. when the Treasury Esper-
imcut was fret snnenccJ. Who supPnricd. and
~ho opposed It, VIII warned The country against,
III Who were iheysho cbdes'orcd 10 stay the
violence of tac party % arrest the hand Of cxeou-
tive authority, snd i,eonvipce the people. 'ha. this
experiment was dru-e that it's Object was mere
ly to increase ESeeuwe power. and hat i;s effect
sooner OF later, must g injurious and ruinous
Gentlemen. il is 70, 10 bring the opinions Of po-
litiea ocn TO the tesof experience. II is just 10
Judge 81 them by th.t measures, aud their opposi-
iiop TO measures ans for myself, and those poli,i
/ cal friends with whus have scted on this sub
jcci Of the currency, Ian ready TO abide the test.
But before The sut1~c, Of the currency. and liz
present nost embarrassing state is discussed, IN
viie your attention, Gentlemen. TO the history Of
Executive proceedings connected with II. pro-
p,se To state TO you a seies Of facts not to ar
que uTon them. not 10 mstfy them not 10 draw
any unjust inference fran them but merely 10
state the case in the paincst manner as under
stand IL. And | wish Gentlemen, that in order 10
- -sIs 40 fnts, n the pest and most convincing
manner, had the Diiiy fmy learned friend, Mr
Ogden) whom you have all SO often heard, and
Who states his case usually in such manner, that
when stated. it is oready very well argued.
Let US see Gcn,lmen, wha, the train Of occurren-
ces has been,in reg to revenue and finances;
and when these occurrences are stated, l leave to
a l..
our present difficulties, havc. or have not, arisen
from attempts to esend the Executive authority.
In giving this de,o, shall DO compelled to speak
of the late bank Of t,e u States but shall speak
Of it historically only. My opinion of its utility,
and Of the extraordinary ability and success, with
which it's affairs wee conducted for mary years
before the Termination offs charter, is well known.
have often expressed it. and have not altered it.
But at present speak ofthe Bank. only as i, makes
necessary part in the history Of events, which
wish now TO reca pitplate.
Mr. Adams commenced his administration IN
March. 1875. lie had been elected by the house
of representatives and tsgan his career, us Presi-
dent, under strong and powerful opposition. From
the very first day, lie WIS warmly even violently.
opposed in all his measures aud this opposition,
as we oil know, continual without abatement, Ell
ther IN force or asperity through his whole term
of four years. Gentlemen, | am not about TO say
whether this opposition was we'll or ill-founded.
Just or unjust only state the fact, as connected
with other facts. The bank of the v. S. during
these four years Of Mr. Adams administration, was
10 full operation. Il wu' performing the fiscal du.
ties enoineG upon j, bv lis charter il had estab.
lished numerous ofi,es-vas man aiming n large
circulation. and uansncting vast business in ex-
change. Its character, conduct, and manner of
administration, were all gcli known TO the whole
country.
Now there arc two or three things worthy of es-
pecial notice. One is. that during The " hole of
this heated political controversy, from 1925 To
1929. the party which was endeavoring 10 produce
change of administration, brought no charge of
political interference against the bnnk Of the u.
States. II any thing, it was rather favor gener-
ally. Certainly, the party. as party. did not as
cribe il to undue attachments to other parties or 10
The existing administration.
Another important fact il. that during the whole
OF the same period those who had espoused the
cause OF Gen. Jackson and who saupht to bring
about revolution under his name, did not propose
the destruction Of the BANK or its discontinu,nce.
as one Of the objects which were to be accomplish
ed by the proposed revolution. They did not tell
the country, that the Bank was unconsttu tiopal
they did not declare it unnecessary they did not
propose TO get along without il, when they should
come into power themselves. Ifindiyduals enter.
tanned any such purposes. they kept them much to
themselves. The party. asa party, avowed none
such. A third fact, worthy of all notice, is, that
during this period, there was no complaint about
The state OF the currency, either by the country
generally, or by the party then in Opposition.
10 be concluded nert reek)