Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1838-03-15

me Magician COrnered.-Mr. Tai
madge, the peoples Senator from New
York, in speech lately delivered in the
Senate Of the United States, in reply TO
that part of the Presidents Message
which attributes the revolution in New
York to bank influence, has the follow
ing:
'Sir,I have said that there was no pre-.
tence OF foundation for this charge. 1
! will demonstrate by statistics and by
! figures as clear as any proposition in Eu-
cid the truth Of mv assertion. New,
York has 56 counties--all except Is
have one or more banlss-of those thir-
teen, fire are opposition, and eight are
administration counties. These eighs
counties gave the administration g ma.
loritv at the Presidential election in
1886, of G.7Sl. In 1887 thew gave
ALTERNATING an opposition gain Of
4, i64 In net vote of less thar $4,000.
These are counties where there are no
banks. 1t is another remarkable fact
that the opposition gain in these eight
counties is nearly double what the other
counties in the state average in their
gains. Now sir. il the banks influenced
the results Of the election, why do we
flnd the administration losing more in
proportion In counties where there are
no banks, than in those where there are
banks?'
But the hardest blow is where he
shows that Mr.. Van Buren in 1876 went
for the Bank, aud against Bankrupt
law {; we shall be Pardoned for short
extract further:
= In 1926, Senator Van Buren, oppo.
ses bankrupt law in reference TO our
banking Institutions, "as an odious ex-
ercise of power not granted by the Con-
stitntion and in 1897 President Van Bu-
rem proposes uniform law concerning
bankruptcies of corporations. and other
bankers, as measure fully authorized
by the Constitution, Now sir, permit
me TO ask il such measure was uncon-
sututional in 1926 can the recommends.
ton OF the President make it constitn~
tonal In 1887? Ishould think net unless
the Constitution changes as the party
changes, Blu; whether it has or not, it
is immateriai 10 the present question:
The President recommended bankrupt
law IN reference to hsbk interpretations.
lie must have reviewed his former o.
pinicns on tina: subject. He must have
deemed the crisis SO important as to over
come his old constitutional scruples, and
that II was now necessary and expe-
dent that such law should pass, and
thereby rid the country OF the curse of
paper money aud thus restore the soon
stitutional currency" of gold and silver"
Mr.. Tallmadge shows quite clearly
that the Bankrupt law recommended
would have broke every bank in the u
mon, for every one had become techui-
cally bankrupt by having stopped spe-
Gle payments. All their effects would
have gone into the hands of Commits
sioneFs appointed by the President TO be
ac0and up. Here would have teen not
few fat Jobs for the faithful. Here would
have been spois ior Amos and Company.
What, wind up the Banks all over the
nation ! Criminy ! It is enough ,c
make Loco Focos mouth water AID
his fingers itch 1t would be "walk
in gentlemen and help yourselves'-
Commissioners to wind up the Banks
Why here wonid be patronage enough TO
make Presidents for twenty years to
come All, FIR. Martin! you are a cute
one !--SalisJnry IFatchman.