Iowa news. [volume] (Dubuque, Upper Mississippi Lead Mines, Wisconsin Territory) 1837-1841, 1837-07-29

MR.. vANDERPoOL's LETTER.
CHICAGO. July 3, 1887.
GExTLEMES--i haze jrst received yours Of this
date, informing me, that you have been appointed
by numerous meeting in This city Of the friends of
the present administration of the general noyern-
mentto tender to me public siinher. Be assured,
Gentleman, that am deeply and most gratefully
impressed with the honor which the republicans of
this prosperous and enterprizng city have confer
red upon me, and that deeply deplore the cause
which will prevent me from uniting with you in the
festivity you propose. When infoim you, that
have very recently suffered the most severe and try
ing bereavement to which the nearest and dearest
Of domestic relations subject US, am very sure
that you will respect those feelings which prompts
me, al this time, to decline pafaking Of public
dinner. But Jcanno, and will not, Gentlemen, orego
this opportunity TO congratulate you, and through
you, all the friends Of democratic measures, upon the
triumph of sounds and correct principles which, for
the last eight years have distinguished the admin
Iistration ofthe general government Our memories
are not, they cannot be SO treacherous, that we
can have forgotten what was the state of things,
when our late venerable President was placed a,
the head ofthe federal government; what denuncia-
tioIis wore laSIsHcu upon MIN Dy al arrogant anu
reckless opposition, what predictions they hazarded
and how few Of their do!eful prophecies have been
fulfilled. We have not forgotten that the whole
vocabulary ofciirnc and ofbiilngsgate was exhaus-
ted 10 find epithcts live and opprobrious enough &c
heap upon his meme. We have not forgotten that
IS war, prcstience and famine'' were exhibited to
us the certain fruits that would ow from the ele-
walton Of snihtary cltieftain' to the highest sta.
ton tn the Republican and we could not have been
Iinauentive TO The fragrant Inconsistency which has
so lately marked the effort of those same enenies
of 'niitaTy claicttain'' to raise man TO the ire
sdency in those behalf no pretension was or could
be urged, too dubious claim to millitaryglo-
Try. We can revert with pride and exultaton the
gfeat and successful efforts TO pomote the interest
and vindicate the honor of the country, whichaave
sgnalized the administration of General Jaxson,
ever supported as it was by the present vey able
and patriotic incumbent OF tho executive chill
Millions have been recovered from foreign naions,
for which former administrations had for years Pc
I,lioncd and NEGOTIATED i'll vain; notification the
vilesl & most alarming hc.asy that ever threatened
our blessed union has been ssnglct. IN It's lniaicy,
and what must address itself most forciuiy to the
pride every true American, the honor Of the ma
ton has bee sustained and its character eev.tcd
by the manly and successful stand which our ezcu-
! tive chief more recently took in our controversy
with France. Though at most trying crisis, yhcn
tho national honor was at stake france had her
advocates amoug as, the firm and dignifed itand
which the president then took has been justified by
the verdict ofa civilizednati including Fance
herse and the glorious result of this moments con-
trovcrsy has proved, that the sentiment soearly
promulgated by him "to ask from foreign rltions
nothing bbt what is right, and snbmi, 10 rothjnp
that is wrons' was something more than idle bra
yado.
But, Gentlemen, there is another topic to which
Fri np
Oily imagine that alluded to the pecuniary pres
sure, which now seems TO pervade our country
Let those whose patriotism is deeper than their
pockets say what they please, The triumph of the
, people and their government over tho Bank of,he
United States is still to tho true friend ofthis coun-
try subject ofthe deepest interest and warmes,
, congratulation. Come what may, all true and
sound republicans have had too recent aid too inn
pressive evidences ofts appalling power and cana
city for mischief and oppression, ever again ia
become reconcied to similar institution. The
power to regulate and controle the currency of The
country involves tho power TO fix and control thu
value of every mans property in the country; fo
It contains the power to determine whether money
the standard Of vauo shall be scarce or plentiful
r This is too formidable and too dangerous power
to becommitted 10 any body of men, who are neithe
responsible to thepeople o,lo the government of,hei
choico.This position is not idle, abstract theory
but is amply fortified by bitter and memorable ex
perience. Candid men cannot doubt its sou,dnes
till they shall have forgotten the panic season
1884, and the pccuniary revulsons, which on
, country at various times experienced, while tn
: bank oftho United States assumed to control tn
, monied interests of the country. We are told h
many, that nothing but another national bank viii
remedy the inconveniences ofwhich many are nov
: complaining. Tho patriotic and enlightened ca
not and should not yield to this argument. bu
should refer 10 the true Of the present pres
sure. He should recollect that it is attributable
that mischieyous expansion of the paper currency
t to which the Bank ofthc UnitedStates mainly con
trbuted that after the panic session of 1897 ate
having contcndcd for months, that it was obliged
make most formidable and distressing contra cton,
because ofthe removal of the public deposits it es
tended its issues, within few short months. mil
: lions and millions Of dollars.! The State bank
: very naturally followed its mischievous example
Il the pernicious facilities to procure money, whic
this state of things produced cngcndcred spirit
:, speculation and overtradng, unparalleled i'm IN
!. history ofour country; revulsion has come upon 4
e which is just as natural as the ebb which alwav
/ follows The flood tide. 1t has como upon us, and
is fortunate that II has come soon A longer exis
tence OF the inflated stare of things which precede
:. it would only have rendered the reaction, when
should ultimately come, more terrible and disastrous
Tho remedy for the evils we arc now suffering
i most palpable 10 all rejecting men. The incu
cation ana practice OF economy, return to tn
u good Old ways and habits Of our farmers, willing
ness to get degrees, by deving and toilin
s for them, instead Of constantly struggling to eai
them by single leap, the adoption ofthis sirnpl
and republican will soon restore to the COM
). try healthful and permanent prosperity. It vii
not then baccme necessary to revive an u. Stale
Bank in order at extinguish the fire, which lie,
Q first lighted.
! should do injustice, Gentlemen, to my owl
mt On vail re- i.:z
y press admiration ofthis young, most flourshinp an
O enterprsing city, and ofthc beautiful AID ex,ae =