Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-01-20
7rTTER FROM GEN. JACKSON,
HrRN,rAar, December Il, 1887.

r. ,sIa,ion 10 the aspect ofpublic affairs, which /
n some Of our friends appears uniaVoTaoie 10 'ne
hone of effectng an early separation oil The hSeal
oosnatons Of the treasury from the agency Of
800 s,o,e and national, | see nothing that |
should beget despair, or induce US TO re'raee our
.,s,s ar relax our exerlions. The recent cleo
,,on. IN Nov York manifest, 1t is true, some su-
a;nsns.s On The nart Of those who have heretofore
I,,s,a,ncd Inc ascendency Of the old Jetiersunlan
r,;nc,nlps hui they expose also the real objects
I'd true character of the Federal patty, which, Is
ovor viOlant to seize any opportunity that Is pre-
so,,.d for the recovery Of the ground they lost IN
the establishment of the present constitution and
IN tho memorable contest of '9S and lSOO. such
m onportunity was afforded in the present eilsls
NV the division in the Republican ranks respec'-
inv the means which should be immediately adop-
,o5 70 increase the metallic basis of our clrcuIa-
ling medium and place the government money
or rather money of the people, IN state "l pro-
Der security. lfths division hos thus cost de-
feat. NAV we not hope that 1t is but temporary,
and that il will bring US again, as It has always
done before solid and lasting vlctory--a ylcto-
g ~ which will be the result of cnlightcded coop
,raton and concert on the part of all true repub-
lieaus, sacrificing all minor differences, and rail-
living as one man to the defence Of the great prln-
ciples which it is the design Of the common ene-
4 N.Y. the federal party, to overthrow.
participate with you in the regret expressed
1 at the attitude occupied by Mr.. Rives and MIR.
Richie, in the present contest. None OF US,
however, doubt their good intentions, and teel
confident that they will soon see that nothing good
Is to be attained by further struggle for the res
u ,o,o,ion of the connection between the Banks aud
the Treasury. After the treachcry of the Banks
10 the Government, il will be vain to suppose
N that the people can ever be induced to acquesce
in their employment again public repositories.
What security can we have that they will not al
wavs suspend payment when those who control
and make money out Of them, will find It their IN
terest to do so Let II be borne in mind that the
B recent suspension occurred al time of profound
n peace with all foreign nations when our exhaust
less resources were all in successful operation,
and then let US consider what would have been
che consequence if such an event had happened
IN critical state Of war. The banks, ia such an
exigency, would have held the snews Of war,
without responsibility to the General Govern
q ,ncn. Managed as they now are by those who
use them as instruments Of profit, they would have
been unable, even il wiling, to meet the demands
Of the public necessity. Is ii reasonable to sup
pose that the people can acqulescc in the idea OF
trusting the public defence to such corporations
Rest assured they never will, and those who are
20 unfortunate as to entertain that idca will find
that ali their attempts to give effect to 1t are OF no
avail except 10 aid the party which is anxious to
defeat the Republican will
The truth is, Sir, that the separation of Bank
and State was supposed to have been accomplish
ed by the Federal Constitution as 1t now reads
The union of the two at the close OF the Revou
ton was as odous az that Of church and state
and such will now be found to be the senmen
Of the great body Of the American people whency
or the question is fairly submitted to their judg
ment.
am aware that the confidence | reposed ii
the State Banks when the removal OF the depo
sites was determined upon is used to justify, no
only the reunion OF the Banks and the Treasury
but also as an Argument against the consistenc,
Of those, who like Mr.. Van Buren,, sustained tina
ACT my administration. admit that this con
Gdence existed and had some influence on tn
considerations which prompted me TO resort t
ihom at that time as a substitute for the Bank
the United States When this latter nstitutlo
took the political field, and avowed the nsuIhn
rirht 10 expend the public money in dissemlna
ItiU llS anatnPiN4S d4diIISt SpNC'h'hNh
it was natural for me to seek for substitute IL
such an institution in the State Banks. IheS
Banks were in operation, and II prudenty maj
aged, could safely have filled the vacuum occi
sloncd by the winding up of the United State
Bank, without producing any serious change
The commercial or business operations OF IN
country. They could not at least do worse tina
The United States Bank had done, and it was b'
charitable to indulge the hope that they would
better. But was this confidence well tounde
and whose fault is it that II was not Lct Inc
trcachcry TO the government aud the people al
swer. Every day that the directors OF the'
Banks me, atihelr boards, they knew their lla6l
ties and their assets TO meet them. They we
repeatedly and earnestly cautioned by the Urea
ory Department not to overlssue--ther charte
prohibited it--ther solemn obligations TO the g
vernment and people, and every principle Of mo
oil honesty forbade ii. Still, in open violation
all obligation, they suspended specie payment
time of profound peace, robbed tho Treasury
many millions Of money, and cried out at I
same time that the Treasury was bankrupt.
But aware that the administration cannot be
cured by the charge that confidence was once I
posed in the State banks the raw-head-and bloc
y-boncs Of the purse and sword in the hands
the Executive is conjured up for political effe'
There are none who resort to this huubug, W
believe that the danger exists which they so ca'
orously deprecate. Their only wish IS TO
ludc the people and obtain their sanction. to |
domination Of banks and their irresponsible paE
issues They know that Congress is vested W
the power TO lay and collect taxes--to raise
mics Of which the President is charged with
direction and with the due execution OF the la
that BY law all money appropriated is speed