The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-08-18

or whether the MosErEp INSTITUTIONS Of the land
should exert the supremacy The controversy has
elected full evidence Of the integrity OF the Amer-
can people, and OF their determination 10 maintain,
alta hazard iapolale the free INSTITUTIONS OF our
republic"
Never was there stronger truth uttered,
than that, the great contest waged, and most
violently prosecuted at the late session, was
between powER AND LIBERTY" The whole
.power'' of the Government was brought to
bear against |" liberty" Yes, we ourselves,
as well as thousands Of others Witnessed it.
We saw the power" ofthe Government ex-
ercised against the liberty" Of speech
against the liberty Of thought and most
violently against the liberty" Of action.
Thanks to the " integrity Of the American
people," that power proved too feeble to ac-
complish the purposes Of those who welded
il. They even resolved ito aintain, at all
hazard, inrioiaie the free institutions Of our
republic" and preserve their " liberty"
II is not true, as stated by Mr.. Hubbard.
that the contest was between " the moneyed
institutions Of the country on the one hand,
and the government Of our choice on the
otherp The contest was truly stated by him
to DO between '.power and liberty" Where
is there any evidence Of the banks having ar
rayed themselves against the Government
There is none. They have not done so. If
this warfare is continued much longer against
them by the Administration and its partzans,
the banks will find il necessary, in self-defence
to make common cause, and act in union and
concert If that period should arrive, what
can those, who are now goading them on to
take the step, expect to do against eight hum
dred Institutions united with capital Of three
hundred and fifty million dollars, when it re-
quired all the energy and all the personal po-
pularity Of a Jackson, to put down one bank,
with capital Of one-tenth part that sum, and
aided by State Banks IN addition! Why is It
that such an issue is provoked Either
madness or folly must have taken the place Of
reason.
Again, says Mr.. H.:
"You cannot be insensible to the allimportance Of
the issue now presented to the American people 1t
is most emphacally nothing less than whether the
Government shall manage and control It's financial
operations in its own way, or whether II shall submit
its moneyed affairs to be controlled by another Bank
of the United States. And the popular elections
which are soon to take place here and elsewhere in
the different States Of this confederacy will deter
mine this question. cannot, for one, entertain
doubt as TO what will be The result To the force Of
public opinion, when that opinion shall be fairly
pressed good citizens, viii ever yield our submits
sion
The Government manage and control its
financial operations in its own way" The
Government has no financial operations
Those it manages are the peoples, whose
voice and directions il is bound to obey.
Then the issue is between the Sub-treasury
and another Bank Of the United States. We
can tell these Federal patriots, as certain as
they made that issue, SO certain it will result
in the latter. Why make such an issue? Is il
in the event the former does not succeed, they
can fall back on the latter! We believe so.
Already have the party, yes. the Sub-treasury
party, gone beyond the :" haJf-,cay-hoase" in
favor Of the latter, in making the Bank Of the
United States, (Mr. Biddle's Bank,) the fiscal
agent Of the Government The bosom friend
and confident Of Senator Hubbard, Levi
WOODBURY., Secretary of the Treasury, in
daily confidence with DEAR Me-" De-
graded, Inundated to the dust
Yes, the popular elections that have already
began, and are soon to take place, will decide
the question. We, like Mr.. Hubbard do not
" entertain doubt as to what will be the re-
suit" (. LIBERTY" will be preserved, "Pow-
Err" will be overthrow, and "the free insti-
tuiions Of our country seiH be maintained in
riolaie."
Mr.. Hubbard eyinces one characteristic Of
true christian resignation, wherein he de-
clares it to be the duty of all good citizens to
yield submission to public opinion, when fairly
expressed.
Should public opinion be expressed against
the measures Of the administration, in the APP
preaching elections, will Mr.. Hubbard consi-
der it fairly erpressed7 Or will he follow
the example Of his great commander, the
Executive--look beyond the ballot boxes, and
charge the result to the influence Of the
banks We shall see.
SPECIE PAYMENTS-THE BANKS.