Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1837-03-15

ger oil departing from the true rule off
struc,ion, and Of permitting temnossuE
circumstances, or the hope Of better Isl!
noting the public welfare, TO infiuen.s.S
any degree, our decisions upon The en-
of the authority Of the General Cow
ment. Let Us abide by The copstitnG''
as il is written, or amend it in the eon..
t~utional mode, if il is found 10 be d.
i've.
The severe lessons OF experience win
! doubt not, be sufficient TO prevent Gu
gress from again chartering such nv
nopoly, even if the constitution did ~
present an ipsuperabie objection 10 =
But you must remember, my fellow. 81. !
zens, that eternal vigilance by the peonI.
is the price of liberty /; and that YOU NM,
pay the price if you wish TO secure ~
blessing. 1t beboves you, therefore. IA H.
w.tchful in your States, as we'll as in ~
Federal Government The power wb;.e
the moneyed interest can exercise, wbso
concentrated under a single head. AM
with our present system of currency. w..
sufficiently demonstrated in the strpgal.
made by the Bank Of the United S,s,.
Defeated in the General Government -.
same class OF intrIguers and poliiic;.n.
will now resort 10 the States, and ende..
or to obtain there the same organiza,;o,
which they failed TO perpetuate in the H.;
on ; and with specious and deceiiful nI,n.
Of public advantages, and State in,ers.,.
and State pride, they will endeavor to :.
tabllsh, in the different States, one mon.
eyed institution, with overgrown capit,l
and exclusive privileges suficien, to en,'
Bile It TO control the operations of the 9th.
er banks. Such an institution will {.
pregnant with the same evils produced h.
the Bank of the United States, aItbouIsi
ITS sphere of action is more confined. 80
in the State in which it is chartered, ~.
money power will be able TO embodv il.
whole strength, and 10 move tous,h..
with undivided force, TO accomplish m.
object it may wish to attain. You hs,.
already bad abundant evidence of its bow.
er to infict injury upon the agricultural
mechanical and laboring classes of socie.
ty; and over those whose engagements in
trade or speculation render them depeud.
ant on bank facilities, the dominion Of N.
State monopoly will be absolute, and their
obedience unlimited. With such a bauL
and a paper currency, the money powe,
would, IN a lew years, govern the State
and control its measures; and if a suf6,
Gent number Of States can be induced r.
create such establishments, the time will
soon ONE when it will again take the field
against the United States, and succeed in
periecting and perPetuaiing IFS oreaniza.
ton by a charter from Congress.
1t is one OF the serious evils OF our pre.
sent system of banking, that il enables on,
class Of society-and that by no means A
numerous one-by its control over tbs
currency, TO act injuriously upon the in.
terests of all the others. and 10 exercise
more than its just proportion of Influence
IN political affairs. The agricultural. the
mechanical, and TIE laboring classes have
little or no share in the direction of the
great moneyed corporations; and from
Their habits and the nature OF their pur.
suits, they are incapable Of forming exten.
siVe combinations TO act together with
united force. Such concelt OF action NAV
sometimes be produced in a single CITY.
or IN a small district of country, by means
OF personal communication with each 9th.
er, but they have nc regular or active
correspondence with those who are enea.
Sed IN similar pursuits in different places.
they have but little patronage to give 10
the press, and exercise but a small share
OF influence over it; they have no crowd
oil dependents about them, who hope 10
grow rich without labor, by their counte.
nance and favor, and who are, therefore:
always ready 10 execute their wishes.
lhe planter. the farmer, the mechanic,
and the %laborer, all know that their sue.
cess depends upon their industry and
economy. and they must no, expect to be-
come suddenly rich by the fruits Of their
toll. Yet these classes of society form
the great body of the People of the
United States; they are the bone and
slnew OF the country men who love
l'oerty and desire nothing but equal rights
ahu equal laws, and who, moreover, hold
me great mass of our national wealth,
aithough 1t is distributed in moderate q.
mounts among the millions of freemen
who possess it. But, with overwhelming
numbers and wealth on their side, thew
are IN constant danger of losing their fair
influence IN the Government, and with
d'iilculty maintain their just rights against
the Incessant efforts daily made 10 en-.
croach upon them. The mischief springs
from the power which the moneyed inter.
est derives from a paper currency, which
!hey are able to control; from the multi
tuoe OF corporations, with exclusive privi-
reyes, which they have succeeded in OBJ
'a'nlng in the different States, and which
are employed altogether for their benefit;
ahu unless you become more watchful in
our States, and check this spirit of mo.
noPoly and thirst for exclusive privileges,
you VIII, IN the end, find that the most
important powers of Government have
oeen gwen or bartered away, and the con-
Iroi over your dearest interests has passed
MO the hands of these corporations.
Q paper money system, and its natu-
al associates, monopoly and exclusive
privileges, have already struck their roots
~ the soil; and it will require all
your eiorts TO check its further growth
Mo 10 cradle ITO 81. n-.I IN