Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-03-24

in the footsteps OF General Jackson-haPPy II ne
should be able to perfect the work so glor'onsiy
begun. Duty to whom? 10 The country, to the
people Of the United Statcsf No such thing but
duty to the friends Of the then administration;
and that duty required him to tread 10 the footsteps
Of his illusrious predecessor, and to perfect the
work which hs had begun! Now, the Senate will
bear in mind that the distinguishing features OF
General Jackson's administration related TO the
currency; that he had denounced the banking in
stisutions Of the country; that he had overthrOwn
the Bank Of the United States; that he had decla-
red, when that object was accomplished, only one
half Of the work was completed; that he then
commcaced \ war with the State banks 10 order to
finish the other half; that be constantly Perscve-
red in, and never abandoned, his favorite project
Of great Government Treasury bank and that
he retired from the Office Of Chief Magistrate,
pouring out, in his farewell address, anathemas
against paper money, corporations and the spirit
u monopoly. When all these things are reco-
iected, it Is impossible not ~ comprehend clearly
what Mr.. Van Buren, means, by carrying out the
principles and policy Of the late Administration
No ono can mistake that those principles and that
policy require him to break down the local nstitu
tons Of the States, and to dscrcdit and destroy
the paper medium which they issue. NO one ctn
be Mt q loss to understand that, in following IN
the footsteps Of President Jackson, and in perfect
ing tho work which he begun, Mr.. Van Buren,
means to continue attacking, systematically, the
banks Of the States, and to erect on their RUNS
that great Government bank, begun Ivy his Prede-
ccssOr, and which he is the honored instrument
selected to complete. The next proof which
shall offer is supplied by Mr.. Van Burcns 'nau-
gural address, from which request permission OF
the Senate to read tho following extract:
"In receiving from the People the sacred trust
twice confiicd to my illustrio"s predecessor, and
which he has discharged faithfully and SO well,
know that cannot expect to perform the ardu-
w:sG md
snifcd a. hare been in his cosnscls, daily wit
ness Of his exclusive aRd unsurpassed devotion to
his couutry's welfare, agreeing Nth him In sensi-
mcnss which his country mca have warmly supper
ted, and permitted 60 partake largely OF his con-
fdencc, ,aay hope that somewhat Of the same
cheering appreciates will be found to attend "po"
my path"
Here VIC find Mr.. Van Buren, distinctly avow-
ing. what the American People we'll knew before,
that he had been united in the councils OF Gen.
Jackson; that he had agreed with him III sentt-
and that he had Partakcn largely OF his con-
6dencc. This intimacy and confidential inter-
course could not have existed without the CONCUR
renee Of Mr.. Van Buren, in all those leading and
prominent measures of his friend, which related
to the establishment Of a Government bank, the
overthrow Of the Bank Of the United States, the
attack upon the State institutions, and the desun-
ciaion Of the paper currency, the spirit OF mono
poly, and corporations. Is II credible That zen.
ment Of all these sentiments, without Mr. Van bu-
ren's participation
proceed tn another point Of powerful evidence
in the conduct of Mr.. Van Barren, in respect to
the famous Treasury order That order had been
promx igntcd, originally in defiance OF the OPINION
Of Congress, had been continued in operation II.
defiance Of tho wishes and will Of the people, and
had been repealed by bill passed at the last or
diuary session Of Congress-, by Ovcrw henug ma
i,ri,ies The fate Of that bill IS we'll kaown. In
stead Of being returned to the House IN which u
originated, according to the requirement OF the
constitution, IL sent TO one OF the Pgeon-hoies
of the Department Of State, to be filed away with
IA opinion OF . convenient Attorney General,
always ready to prepare one in support OF execu-
tive eocroachmcnt. On the 5th of March last not
a doubt was entertained, far as my knowledge
or belief extends, that Mr.. Van Buren, would re-
scind the obnoxious order. appeal to the Sena-
tor from Missouri, who sits near me, (Mr. Linn,)
to the Senator from Mississippi, who sits far'hest
from me, (Mr Walkcr,9 to the Senator from Ala
hama. (Mc King and to the " hole Of the Admin
etration Senator'S If such was not tho expectation
of all of them. Was there ever An occasion IN
which a rev Administration had 50 fine an OPP
port,,nity to signalize its commencement by an
act Of grace and wisdom. demanded BY the best
interests and most anxious wishes OF the People!
But Mr.. Van Buren, did not think proper to en-
brace it, lie had shared too largely in the conf
dencc Of predecessor agreed too fully with HIM
in sentiments, had been too much united with
him in his counscls, TO rescind an order which
constituted 50 essential part OF the system
which bad been deliberately adopted to overthrow
the State banks.
Another csxrse Psrsued BY the Administration.
after the catastrophe Of the suspension Of specie
paw mcnts BY tho banks, demonstrates the hostile
purposes towards them Of the present Admnistra-
lion. When similar event had occurred during
the Administrators e Mr.. Madison, did he dis
cro6s4 asd iscountcnance the issues OF the banks,
by refusing to receive them il payment OF the
p,sklic dues? Did the State Governments, upon
the former or the late OCCASION refuse to receive
them in payment Of the dues TO them, respective
Is? And IL irredecmablc bank notes are good
enough Tor State ovcrnments and the People,
IRE they got good enough for the Federal Govern
ment Of the came PcoPlel BY cxactiog specie.
~ Nil paymeats 60 the General Government, that
Government presented itself in the market as
powerful and formidable competitor with the
banks, demanding specie at a moment when the
banks zero making unexampled struggles to
strengthen themselves, and prepare for the re-
sumption Of specie payments The extent Of this
Government demand for specie does not admit Of
exact ascertainment; but when We reflect that the
annual expenditures Of the Government were at
eho r,se imcludinO tho Post Office Department.