The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-10-17
FOR THE MADIsoNIAN.
THE THIRD PARTY.

The letter published under this head, was written
more with view to the feasibility and facility in
the ABSTRACT Of forming third or intermediate party,
in the affairs of state than with an eye to the actual
state of parties, at this time, in the United States
Hence il that spoke of the State bank deposle
party as being that which is now the new one and
being formed The fact is that this party is one OF
the old ones and the Subteasury party is the inter
mediate one between the National bank and the
State bank deposie parties. And let those who pro-
claim the impracticability of forming third party
in the affairs of state take notice with what facility
and how suddenly, this Sub-lreasury party sprung
up and was organized, at the sic uolo sic 1ubeo pro-
mugated with much suavity of manner In the Pre-
sident's Message, and of which it may still be said:
my will stands in the place Of reasonatpro ratlone
roluntas. wv
|. A very brief review of a few facts will demon
strate that the Subreasury, and not the State bank
deposite party, is the and intermediate one. 10
60 no further back than 1885, it is wellknown fact
that the State bank depose party wasfermed from
the date of the old hero's" manifesto against Inc
United States Bank, which was read to his cabinet
on the 18th of September of that year. This docu-
ment refers TO Mr.. Crawford's changing the deno-
sites to the State banks" from the United States
Bank in 1917, with the expressed purpose OF con-
with the collected revenue in aid of the exertions of
the former to maintain their credit. II is also
well known fact that all those of whatever party be-
fore who were opposed to changing the depostes,
formed themselves into party and struggled in So
lid column 10 prevent the formation and success oil
State bank deposite party. 1t is also we'll known
fact that the old hero triumphed in the resolule-
ness OF his will and the justice of his cause and daz
zl,d Nth tho rafh nc a
well known fact that until the session Of Congress
ls34-35, there were but two parties, the National
and the State bank parties each having majority
in one branch Of Congress, and each being unable
to effect its object; when Gin 1884, 1859 feeble effort
was made by thirty-two Wings and one Democrat TO
form Sub-treasury party. The attempt failed aSd
was abandoned. From that time, there were but two
parties with reference TO the financial measures
which then divided and still distract the country,
and the Snb-treasury party ras not ono OF them: and
such the state of parties continued the National bank
and the State bank parties, alone, in the field single
handed and in hot contention, until the extra SEES
sion of Congress in 1887. Now, there are, three
parties 10 wit The United States bank party; the
Stale bank depose party; and the Sub-treasury par
ty and there now is besides effort to raise fourth
party, ycleped the special deposite party. And the
question is raised which OF the three first named
is the intermediate pary2 He that runs can read
and understand those facts, and must reply that the
Sub-lreasury party is the new and intermediate one.
They have done that, formed third party, which it
is said the State bank deposite party, called Conser-
ratipc one of the old parties and strangely taken 10
be the third one, cannot do
In support and vindcation of the old State bank
deposite party beg leave to call the readers aen-
ton to Mr. Taneys report on the removal OF the pub
lie deposites, from the Bank of the United States,
made to both Houses of Congress, December 4th,
1888 and TO the fact that the State banks are now
rcdeeming all their engagements
ptrptu