The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1838-08-18

1
our money when an indulgent government
trusts it to them is ruinous. LII hey kept 1t
honestly until it was wanted for purposes of
revente, or if they loaned it safely, the
grounds of complaint would be fewer; but |
they do neither. They make il the founda-
tion of a paper currency, so redundant as
10 be worthless, and it becomes their means |
of sustaining system of heartless specula-
ton which sheds blight and mildew on the |
labor of the people and uproots all steady !
prosperity. The fluctuations of the cur
rency are tortures to the body polite. And |
when the Government, by the possession
and'ccntrol Of its revenues, separate from
Banks, becomes the regulator, the people |
may feel secure in its paternal protection |
and labor can then rest on its reward with
out waking to find 1t ashes. The evils of
the last few yesrs--the contractions and ex-
pansions Of the banks-the panics and pres
sures--the frenzied speculations--th for
tunes gained, and the fortunes lost in day;
the suspensions and shin plasters, are all
the offspring of that i'll starred union betwixt
bank and state, which it is the object of the
sub-treasury bill to divorce. Nor can this
measure be deemed hostile to the banks; it
proposes to leave them in possession Of their
own resources, to pursue their own objects,
and takes from them only the peoples
money, which they have no right to enjoy,
and which experience has shewn they can
not possess without prejudice to the country;
it proposes to place that money Of the peo-
pie in the hands of personal instead of cor
porate agents, human beings who have souls
and may be held to accountability, instead
of artificial monsters who have no souls and
acknowledge no accountability to God or
man. 1t is self-preserving measure which
the most painful experience has proved and
isproving to the people to be Indispensable.
No substitute, nothing short of absolute and
final divorce will do. "To this complex
ion it must come" Faithless Representa-
tives or the people may delay and for a
while reject this great conservative expedi-
ent, but few of those peaceful revolutions
that are ever going on, and of which the
only engine is the ballot box, will at length
work out the results which the democracy
Of numbers desires, restoring what is right,
fedressing what is wrong, and exhibiting in
The process the beautiful spectacle of com
munity Of freemen governed by the will ol
their own majority.
Pennsylvania is the seat of the allied
powers who make war on whatever the peo.
pie cherish in the national administration
and in the coming struggle the power ant
the justice of popular government are to bC
displayed in hurling them from the places
which the Genius of Discord conferred OF
them, and which they have disgraced AM
abused. An administration and Constitu
ton are to be introduced which shall prov
worthy of Pennsylvania, and enable her bet
ter 10 guard her interests from the dominion
of monied institutions which, though the,
may be tolerated as servants, are cruel an
bad masters. This noble undertaking
well begun and, determined TO lend it ou
utmost aid, we do
ResolUe-That the circumstances of Til
times do require from every democrat sir
cere and earnest effort TO dismiss from tn
Executive department of the Common
wealth, an administration which has neglec
ed its proper duties to wage ceaseless wa
on the National Government-which ha
been deaf to the public voice and blind {
the true interests of Pennsylvania, in il
devotion TO the ambitious purposes Of
monied ristocracy-which is remarkabl
for the ignorance, stupidity, and hypocric
Of its chief oficer-and which imparti;
history will record as reproach TO the fa
fame of the State.
ResolUed-That we have undiminishe
confidence in our republican President Ma
tin Van Buren--that his policy Of separ
ting the Government from the control I
banks is necessary and wise policy; an
ifhe continue to follow on in the footsteps
his iIlustrious Predecessor, they will ce
tainly Conduct him through second ter
with much honor 10 himself and adyantal
to the country.
ResoIUed-That the unanimous nomin
ton of David II. Porter as the Democrat
candidate for Governor by the 9Th of Mare
Convention, was wise and fortunate mea
ure; because his spotless reputation, his u
doubted democracy, and his sound, prac
cal wisdom, eninently qualify him for tn
high office; whilst his great and well earn
popularity cements the union of the demo
lacy, and makes the assurance Of our
umph doub1y sure.
ReSOIUed-That the assaults on the p
,to6a ,arutoE;ov &C Gau porlnr arp prl