Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-11-03


principles Of our government and the moral sense
Of our people; and II renains 10 be whether
.heir violence and the suilerings they have occa-
stoned htve stunned the pablo seEsbities,
that no efficient hand Of Correction and redress
shall be put forth TO rescue American liberty,
and raise the PROSTATE honor of the nation.
The Democratic Republicans, who now address
you, those who have stood fast by their po-
iiical character and objects amid the general de-
lection with which they have been surrounded
They have wiihstood the designs, resisted
The temp tons, and yepeed the measures Of
those insane and wicked men, who have been en-
deayoring, under the of Democratic Re-
pubicanisin, to subvert the principles OF our gov
eminent, and chlnnc It's entire practice; ana III
the revolution, which must necessarily ensae,
destroy the institutions Of the States, aud tasten
m irresistible despotistn upon the country.
They have Justly appreciated the original OBJ
Iect OF the organization of their party to pursue
h middle and safe course, to avoid any increase
OF The executive powers, TO limit and detIne by
law the executive duties, to prevent any union,
IN his person, OF the sword and the purse and to
shua the extreme of unres'rained license and
anarchy the one hand, and OF consolidation
| and despotism on the other. They have seen IN
the course of the measures of the present admin
Istration the basis forming for the erection of
cove rnment more powerful and consolidated than
Federalism ever hoped for, realizing the wishes of
| the most en- thusiastic monarchists. Hence we
J !,
who have, in the lapse of time, attached them
selves to the Democratic Republican ranks, are
now in the midst OF the Loco-toco party, to fustcn
this odious Sub-treasury schome upon the land,
for the destruction Of the State rights, the paad-
ium of popular liberties. True to their first inn
prcssions. they co-laborers with Mr.. Van Blu
rem and his Loco-foco party, in their great efforts
to establish strong government, and consolidate
cd political power. The great agent In this
scheme has always been the treasures OF the ma
ton.
The FederaistS Of the oil school sought it's ac
compl.shment through National Bank, directed
tna inly by individuals chosen by the Stockholders
but in which the Federal G Government was inter
csted, and en- joS ing through its immense capita
and the possession of the public funds, controls
inc influence over the moneyed affairs of the ma
!. ton. The modern Federal Loco Foco Nuliiica
. ton party. Improving upon the holiness Of the
:, ancient Federal party, have adopted the Nation
t al Bank Sub-treasury scheme, placing the whole
G under the sole control of the Executive and tn,
D officers appointed by him, removable at his will
q This is the most Objectionable of all the form
y Of National Bank. Being founded solely upoI
II t,0 revenues or inc naifon and under the contrn
q of the executive officers, it is Government
= bank Tor issuing without limit, 'irredeemabie pa
. per- end Il ready aud potent instrument of OF
/ preston in the hands of any ambitious des
], potic ruler. The Democratic Republican part
, rallied under our late Chief Magistrate and SUI
tanned him in his efforts to prevent the recharte
II of the late Bank OF the United States; and Will
g Mr.. Van Buren, pledged to follow in tt
e footsteps of his illustrious predecessor, they
&c tie thought him capable of recommending n
I'd tional Government Bank, tenfosd more hideou
ne alarming and dangerous than the monster lu
is crushed by the agency of President Jackson
G In the Just hope entertained by them that Il
r. question of United States Bank had been di
d posed OF, and put at rest, they have been dl
Is appointed by the course of Elr. Van Buren,; al
III. Is,l hats
IN g;,nst Il National Bank. although regret
Sc say, the banner OF the Federal Bank is now horl
no by those who were our leaders III the form
10 con est against such an institution. We were
n gainst National Suh-treasury Bank under NJ
or Van Buren,. Men may change, but principt
M viii never change. We against the Natio
y, al Bank heretofore existing the ground of c
e pediencv; we oppose the Sub-Treasury \
tiunal Bank of Mr.. Van Buren, not only
OF the ground of it's utter inexpediency, but as h>
Il, tile to the essential principles of Republic
hn Government.
no The issue attempted to he placed before {
al people, that the choice at the ensuing e!ectio
- must he made between the Suh-rreasurv &c
u eruinent Bank and National Bank, formed
u an Incorporation of individual stockholders, a
To- subject TO their direction and control is who
S. false ana deceptive. The issue is Sub-treasa
III or no SH5trcaSary or IN other words. Gaycl
&C Incnt Bunk, and State Blnks-State RIgt
" The pretence, that If the people do not vote
III, the Sab-Treasnry Government Bank the
IS suing election, they must havea National Ba
LOT in The other form, is the pitifui device of
tai demagogues, designing TO betray while tn
ne hope TO allure the popular confidence. Ii t
III people vote against the Sub-treasury Cove
DO men, Bank at the ensuing election, it is ma
m; fest that they will escape the bghting curse
ig. that despotic measure. If, the contrary, tn
Oh vote for the Sub-treasury, or for candidates W
m have abandoned their principles So far as to
10 dorse il, they arm the hand of the Federal Exec
MS tive with the whitening scourge. and may live
al the last hopes of a Government of free in:
tutions. perish! If the Sub-sreasury Cove
ma ment Bank be defeated at the ensuing electi
&C. let us see whether it be possible that Nation
en- Bank shall be created and ii so, with whom
M responsibility of that measure will rest. I
e. Congress which is next 10 assemble is the sa
ial which has already defeated the Government s.
Oh Treasury Bank. Should the people at the NJ
io election reiterate In the tones of thunder "
'se which they expressed their detestaton of this
Ire noxious scheme at the last election, their c.
'uS tinued adherence of this attempt to depr