The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-10-13

destroy tntn Prosperity, VIII VIM buIcu H utA
message again insult the majesty, and question the in
,egence and virtue Of his fellow citizens despise the
sovereign voice. and persist IN this measure, in spite
Of oil lamentations here or elsewheref' II so, the
Congress which has already so firmly indicated the
popular honor, and sustained the peoples rights
and interests will again rebuke this daring arrogance,
and teach usurppg ambition, that the people must and
will prevail
lfMr Van Buren, should happen to be sincere in his
declarations that the issue SubtIeasury or National
Bank, and the people vote TO have no Snb-uessury
will Mr. Van Buren, then recommend his other al,erna-
tive the National Bank II So by the aid Of the Wings
he might, with his corps Of subservatyes carry that
will he rather upon being driven out OF his scheme
for Government Bank, fall back into the footsteps Of
his predecessor and recommend the great Of
Jackson's administration, the Stae Bank depose sys-
ten II so, by the aid Of the unchanged Democratic
Republicans in Congress, he can carry that. So that
the question Of National Bank being incorporated
upon the defeat OF the ubreasury Government Bank,
depends entirely upon Mr. Van Buren, and his subser-
vaves If they add TO their present organization OF Fe
derals, Loco focos and Nullihcrs, such Wings are
still in favor Of such institution they may attain the
lesser evil but they have aid countenance IN
this effort from the unchanged Democratic Republicans
We have been thus minute in the examination OF this
feature Of the present political controversy from the
fact that the fraud and deception practised here the
Loco-foc Government Bank party rest their entire
hopes Of success. They are busiy engaged in direct
ing the peoples attention another quarter by raising
the phantom Of National Bank. while the snare is
thrown upon their necks, and when too late they will
find themselves helplessly, and hopcessly borne down
beneath the Juggernaut car OF Sub4ueasnry Govern
mcnt Bank. we them Of the tricks Of these polt-
cal uggers and we mpore them, by their love Of ber
y and hopes Of happiness and prosperity to take heed
and beware
We cannot, within the brief limits Of this address
unfold you all the dangers and mschiefs to be brought
upon free institutions and upon our individual
a.. - tan
Bank.It has come home with realizing sense oil dan
ger, not only 70 every man who has by industry and
prudence acquired property but to every one who hopes
to obtain it. When the dreaded scheme suspend
ed in doubt before the Representatives Of the people,
the nation paused and witnessed the fearful struggle
between freedom and despotsm with appalling interest
when it was announced that the bill Of denominations
defeated, that the Government Bank lost, the
glad tidngs pang on the wings OF the wind TO the re-
hottest verge Of the union, and universal oy gatula-
ton, thanks and animation pervaded the land. Under
the benign and cheering influence OF this triumph OF the
people, confidence is revving trade is resumng her
wontcd channels, and the long continued darkness OF
embarrassment and adversely has begun yield 10 the
dawnlng light OF prosperity and felicity. There but
one consideration, that dampens the general feeling OF
grateful Joy II is in the fact that if the people do not
remain to their principles, their integrity and them
selves at the ensuing election, and set the seal of final
Ieprobaon upon this Ubiquitous project OF mad ambi-
on that it will return with all its scahng influences
upon the land and throw the gloom Of despair the
people. Under what solemn responsibility to your
own peace, the welfare Of your families the pros
peny Of your nation and the liberties Of those entitled
to inherit from you tho great birthrght of free dom,
does your vote rest If you for in favor Of
the Subreasuy Bank you vote for the creation Of that
mighty engine Of destruction You relnquish the blood
purchased privileges transmitted you by your
tors you sacrifice your present possessions your future
hopes and prospects-and all for what that you may
aid by your vote, in erecting practical monarchy per-
peuate office IN the men power ard the success
TO be appointed by them, and terminate the expert
ment OF se-government Can the human r,ind be so
deuded, as TO commit voluntary destruction Of its
existence! When the wreched suicide raises his
arm to take the life another gave, christianity and chart
ty indulge the belief that he insane Will you, by
your votes cut off the blessings Of freedom given
by our ancestors. the fruit of their years
wearled and bloody toll for independence VIII you
vote to combine in the person of tho President Of the
United States, every attribute which may define
arch, create tyrant! If SO, vote for the Subrea
sury Bank!
But, have heard urged. that If we do cothc the
federal executive with these enormous and dangerous
powers they will be wisely and safely administered in
the hands Of the present admnistrationlet examine
for moment the evidence this subject. The pre-
sent administration has been signalized by its hostility
TO the /" credit system; !" and its SubTreasury bank
project brought forward the great antagonist Of
that system, and framed TO insure its complete destruc-
tion-envy and hatred Of system which was scatter
ing It's blessings far aud wide, equally all parts and
upon the poor well the rich, could refrain from
taking measures for its more speedy determination,
and accordingly find Mr. Van Buren,, in his first
message, recommending special bankrupt law, zap
pcable corporations and other bankers to sweep
them at single blow, the hands and control Of the
federal government A series Of systematic efforts had
been previously prosecuted by the Treasury department
to drain the banks of their specie the specie circular
resorted to for eecng the transition of large
portion to the western wilderness, where it would be
useless and unavalng in time Of PRESSURE and in the
mean time the people we're stimulated by the executive
organ and the whole loco foco press to run the banks
These engines directed at the seat OF govern
men and under the control Of the executive WILL soon
produced the disastrous consequences anticipated from
them and the banks were accordingly compelled to
suspend specie payments They had been before
in our history compelled to suspend by the British 60
vernment, during the last war they were now com
PEELED suspend by the action Of government equally
hostile and cannot but feel sense of honest ndg
nation at the wrong and outrage when state, that
this government own! In this crippled condi-
ton the banking institutions of the country WERE under
the bankrupt law 10 be made the speedy prey to the
burning desire for swift destruction The Conservative
feelings Of the American people, rescued them from the
Jaws Of destruction, and through them saved the land
from being swept with the bosom of universal ruin.
But this war upon the credit system brought to the
standard OF the administration and most unlocked
for ally That arch nuli6er John e. Calhoun, who
was denounced by President Jackson as a traitor to
the Union, and who has single aim of notification
and dismemberment saw IN this project Of SubTrca-
sury government bank the certain means OF the desruc
ton OF the credit system, and the ruin Of the North
Upon that ruin he hopes to build up his southern
federacy. most corrupt and unhallowed coalition has
been entered into to sell the interests of the North for
the votes OF the Souh-the South is to be carried by
purchasing their interests the North to be delivered
over to the control Of the South, by party discipline
The support Of the South is solicited to the Sub
Treasury bank, because il will destroy the credit
system and blast the prosperity Of the North The
support of the North is invoked because is harmless
and inofensive measure calculated to do injury