The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-08-25
THE DECLARATION OF WAR AGAINST
THE BANKs--PROSCRIPT PRO-
sCRIPTIONi Prescription

II
sCRIPTIONi PRESCRIPTION
In the following part Of one Of the resolu-
tons offered by Mr.. Horn and adopted at one
Of the Ward meetings in Philadelphia, we have
the declaration of war against the banks and
the prescription Of all those who are in any
way connected with them. " Resolved, That
The delegates Of htis ,card be, and they are
hereby instructed, NOT TO PLACE on NoMINA-
TioN FOR ANY OFFICE THE NAME OF A SINGLE
INDIVIDUAL WHO IS CONNECTED WITH ANY
BANK OR BANKING INSTITUTION, EITHER
AS DIRECTOR, STOCKHOLDERS OR
BORROWER"
Here is open war declared against all banks.
Men are prescribed from being elected to Of
fee. because they are directors of banks,
stockholders in banks and borrowers from
banks We are glad It has come at last. We
have oil along said the Loco.foco Sab-ireasu-
ryitss aimed at that which they dared not
openly avow, the destruction Of all banks.
What would more clearly indicate il, than the
official report Of the Secretary Of the Trea-
sury, wherein he estimated that one hundred
and ten millions Of currency is all that is re-
quired for the whole Of the United States |;
that we already have in the country eighty
millions Of specie, and that only thirty millions
addition would be required to give us an ex-
elusive metallic circulating medium; that is,
provided, all the banks should be annihiIated,
so as to bring from their vaults the specie they
now possess.
Why not prescribe professions Why not,
as they do in England, prescribe religious
professional To be sure II would be vio-
lating the guarantees Of the Constitution
But what do these men care for that No
thing.
Not satisfied with prescription, the same
patriotic gentlemen approve Of the Snb-trea-
sury scheme, because it will afford guaran-
tee !" that the banks shall never be per-
mitted 10 embessle The money Of the people"
When did the banks ever embezzle the
money Of the people I" Never. II is mere
catch phrase, for the purpose Of " bamboozle-
ing" the credulous.
Who can fail TO see that, it is a war Of ex-
termination against all banks, that is now
waged. Disguise il as they may attempt to,
that is the issue. In our opinion the time has
arrived, when it behoves the banks, as they
value their own safety. TO act on the defensive.
RETALIATION will be justi6able, nay, it will
be n virtue. because resorted to for self de-
fence. We trust they will, one and all, act
upon the principle Of making no loans, grant
ing no facilities, or holding no intercourse Of
any sort with any man whatever, who main
tains the doctrines set forth in the above reso-
luton. They will have no right to complain;
it will be merely applying to them and carry
ing out their own principles.
We regret the necessity that exists for such
recommendation; but the good of society
in general, and all the best interests Of the
country imperiously demand, that stop should
be put to this march Of Radicalism. We
know Of no mode so efficient, and one against
which they ought not to complain, as to put
into practical operation their own rules upon
themselves.