The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-10-17


referred to- but which he would al this time, notice
But, are grayely told, SIR that the " Bank OF Inc
United States, with It's stll greater strength, has not
been able TO prevent the present stale OF AFFAIRS tat
has been able TO check other institutions, or save
ITSELF" This reference to the bank would have done
very well for party newspaper but must confess
was some hat astoshed find Il IN message OF the
President Of the United States Can Il be supposed
that the most ignorant can be deceived by TINS catch al
a mere name Whoever thought Of holding the Bank
Of the United States responsible for the currency,
financial regulator after the withdraw olits branches,
or even after the removal Of the depoScs What OBJ
legation was it under 10 the public, after the public had
taken away the deposles aud dispensed with its
yicesl Was il under any very strong obligation, if It
had the power aid the Executive IN experiment
made at its expense, and intended for its destruction
should ttnk not; and 10 hold State Bank response
BILE because IS called the Bank Of the United States,
is absolutely ridiculous IL has fallen into line with the
multitude OF State banks, created under the late adml
uistraron IL has supported his policy" by importing
specie credit that il might hatch paper upon it.
II has gloried in the confusion Of the exchanges, hy
which il has made millions In short, Ike the of
the State banks il has gone for making money it has
oned its fortunes with the State banks it has bor-
rowed specie ike the State banks has expanded with
the State banks; has shaved with the State banks has
failed with the State banks aud is a State bank, and
yet II is held responsible the country national
bank SIR, II IS no more United States Bank, and
not much the little Burlington bank, which pro-
duced such happy effect with modIcum Of the spolls
10 it, and pressugly sent for more to operate on
the elections sin anticipation of the wool clip y
There United States Bank for ye established by the
Executive prevent the public money from being en-
ployed to operate on the politics OF the country
| Why, them these valiant charges upon ghost this
war upon sign these tits upon tombstone They
about useful and about RATIONAL as the charges
OF the redoubtablc Don Quxotte upon the wndwills
In connexon with these perpetual efforts 10 irighten
Us with ghosts and things that not, Mr. X said
he mad had his democratic feelings shock ed
they had been by sentiment OF the Senator from South
Carolina, (Mr Cah6nn,) warmly spplanded by his
friend him, CHR Suange,) We told that
though expeden we should not make this State bank
depository, 81 because 1t would be triumph over the
Government" What Government? The Govern
ment' at the Hermitage, or the Government at the
White House These Governments BOTH TO be
sure supposed TO be nnica to the present State bank
because they did not like Mr. Biddle its president who
was formerly president Of the national institution, But
what had the Government TO do with the present
State institution He had supposed, until lately, that
the Government meant the legislative power estab-
hshed by the Constitution and il the people, through
their representatives according the forms of the Con-
suuon, should deem 1t expedlent to make any State
institution depository, would be objection with
HIM that either the ex- President present Executive
supposed to be nlmca to one Of its officers | do
not propose (sald he) TO make this institution deposit
tory and nobody has proposed thought Of proposing
1t, far as know Why, then, this war whoop against
It To show our devotion to the supposed Executive
will! "A change, what change has been produced
IN the tone Of American feeling by these violent en-
croachments and recent trlumphs of the Executive over
the legislative authority in relation to the finances
All ewes turned TO the Executive The spirit of
our fathers has fled The blood Of 76 has run out
SIR there have been more gray hairs brought upon the
head OF youthful and vigorous republic in the last
four years, than ought to have grown upon en-
tire century Of quiet and peaceful administration with
the constitutional cooperation of the legislative depart
ments.
| My friends need not be astonlshed at the freedom
with which express these sentiments They believe
with me- they have acted with me We have vanly
stood up together against the will of the Executive
Our efforts have been mpotent We have been tram
pied under foot The Executive has had his wav and
the result only wish my friends TO Ion me
in taking firm stand to teach the Executive tina, his
friends are to be consulted in measures Of such
Importance TO the people those by which our finances
have been ruined | have idea of deserving them
sir they need rot apprehend that. | am only express,
ing freely sentiments and they have entertained and
not very carefully concealed. | party man, sir
All am politician was made so by party | have
no sympathcs with any other party except that with
which have always acted and by which | have been
honored respect my political opponents my fell
citizens living under the laws subject TO the
same Government, and equally honest and patriotic
with myself But differ with them in OF the es-
sental and fundamental principles upon which Go
sernmcnt should be administered, and have nothing TO
ask, and nothing to expect from them.
am democrat, real democrat do not make the
profession ad raptandum fear it is becoming rather
unpopular; bur my early habits and Youthful assoca-
tons made me In fact, the sentiment was planted
IN my heart by nature, cultivated by education, and APP
proved by believe a democratic republic 10
be the most philosophical government and best calcu-
lated TO devcope the energies aud the dignity of
man, SO long the people have sufficient intelligence
to qualify them for se-goyernment l. therefore alb
hor tyranny and Irresponsible power possible
form IN which it be presented; whether 1t be pre-
cd th. homo al nE
or nseIcd over the glittcrng ,rapplngs of ROYALTY
90 for strict construction of the Constitution limited
Executive patronage, and economical administration
Of tho Government and you will never find me here
sir, with democracy and economy upon the lips and
tyranny and plumber IN the heart g" borrow no false
NcrIes from heaven to the devil in"
Mr. Il. after some furhcr remarks, concluded this
branch OF the SUBJECT by saying that he had full conf
dencc that the President, when present difficulties
removed, would administer his department with
wisdom and patriotism, and he hoped and expected to
be able to give him his feeble support But he lust
wished TO tell hun now, that If he intended tread IN
the footsteps OF his predecessor in trampling on the
legislative authority IN the management of a subject of
all others OF the most importance to the people he
should feel It his duty to oStc him out Of them He
would consent he said surrender the finances
to the exclusive control of the Executive If we did
this should share the Fate of every other nation who
had submitted to Executive inanccring we should
first become nation of bcCgars and then nation of
slaves
Mr. X, SAID he had been led on TO length altorehcr
unexpected to himself and he feared tiresomc to the
Senate Several other topics had been suggested by
the remarks of other gentlemen, that he would like to
touch, bat he would dispense with them and come to
conclusion, after few words upon the bill and
amendment under consideration AS TO the separation
from the State banks repositories, he conceived that
matter OF no great consequence if in the details VIC
could provide safety to the money and guard against
too much patronage and expense. But the bill he
thought imperfect and obscure on both uoints
And when We had passed the BILL we should have but
little idea Of what had done
As to the amendment proposed, which restricted the
receipts OF the Government to gold and silver he could