Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1838-01-12

tnc hcusuTt unucr conSidt ration oil much Ci
the support 4 might have otherwise have dc.
rived from Tie rcsut"l y, s.I7m71 1iin
He looks then 10 other elections where
"th9measure" might have derived all the
support" which could have been expected
in any, eyent lrop the result; ..4
Local elections for State officers have,
however, been held in several OF the States,
al s0aifA ne s7pedieacg IF ne plan proposed
oy ne Eleenliee has been more OF less dis.
cussed
"More or less. discussedl" Please bear
thalin mind. The expediency of the meas
ure, the President himself admits has been
more or less dieussed and be aossherc de-
MES The fact hat Mc People hare declared
their tciN respecting NE measure.'' ..You
will, am confident, yield 10 their results
the respect due 70 every. expression Of The
public, voice Yes, srr certainly. truly.
and faithfully WI But why viii mol he /?
He tells us:
Desiring, however. to arrice at truth and
a Just view of the subject in all its bearings
you will at The same tine remember thai
quesiioncf far deeper and more immediate
local Interest than The fiscal plans OF the
National Treasury were involved in those
local elections. Abore ALL we cannot over
look the striking fuel that there ,cere al The
lime ~ those STATES more Than Que hundred
and sirty millions Of hank capital, of which
large portions we've subject TO actual forfeit
ure !" THAT relates, sir, to one State ;)--"oth-
er large portions. upheld only by special
and limited legislative iudulgences;" (and
that, sir, 10 another State land most Of it,
II not all. TO greater or less extent, de-
pendent for a continuance of its corporate
existence upon the will of the State Lrgis.
latures TO bel then chosen" land that, sir, TO
yet another State) "Apprized Of this cir
cumstance, you will Judge whether it is not
most probable that the peculiar condition OF
that rast interest in these respects, the extent
to which il has been spread through all the
ramifcations of society, its direct connection
with the then pending elections, and the
feelings it was calculated to infuse into the
canvass, have exercised far greater inhu.
ence over the result than any which could
possibly have been produced by conflict OF
opinion, in respect TO question in the ad.
ministra,ion Of the General Government,
more remote and far less important in its
bearings upon that interest"
So far, so good. So lar he only ascribes
TO "iaterest'' The control ofthe People in the
exercise OF their suffrage. He proceeds:
IL have found no reason 10 change my
own opinion as 10 the expedency of adopt
/ ing the system proposed, being perfectly sat
4 isfed that there will be neither stabiiify no,
safety, either Ia the fiscal affairs OF the Gov
ernmeni, or in the pecuniary affairs OF indi
viduals and corporations, so long rs con
nexion exists between them, which, like IN,
past, offers such strong Inducements TO make
them The subjects Of political agitation"
1 Here, you win observe, he is, in contra
diction to his last Message, for taking agair
under his paternal care the stability" an,
safety Of the peculiarly affairs of indi
ridnais and eorporations;;n and thus far h,
denominates the influences which governe,
the will of the People TO be those only o
4 interest and feeling" In the next sen
tence he progresses a step further, and goe
on from Influences OF interest and feeling /,
those Of principle" He says
!. Indeed lam more than erer convinced Q
the dangers TO which the. free and unbiasse,
exercise Of political opiaiOn-te only sur
foundation and safeguard Of repubiicaa got
! ernmenl---would be exposed by any turtle
, increase Of the already oyergrown induenc
). of corporate authorities"
This, then. is his judgment He ha
made up his opinion as to the probability {
: the influence of bank capital on local cleo
: lions He is more t4an ecer cOaoinced'--
by what2 The recent local elections2 c
{ what is he convinced2 Tha, the "exercis
of political opinion--the only sure foundG
ton and safeguard of republican govern
! ment---is easlared and biased" BY what
{ One hundred and sirfy millions Of bank ca]
S itai! And here is the reason why he wi
4 nOt yield TO the results Of the recent locg
. elections the respect due TO every expressio
5 of the public voice! He charges The PEI
q Pile aoiih being The corrupted sLares Of III
, banks! and says, II cannot. therefore, cor
4 "sistently with my views Of duty, advise
| '.renewal of connexion which circumstar
, "ces have dissolved"
j. The People, says the President Of the [
1 States in his annual Message to both House
o OF Congress, have been bribed and corrup
i ed, and the exercise Of their political opir
2 ion enslaved and biassed by the influenc
2 among them of some millions of bank cal
5 ital This will commend us as a Peopl
g to the Nations abrondl How will it max
every American cheek Jingle with sham
i when quoted upon him 10 some foreign Ian,
/ where serfs OF despots deny the capabilit
# and vhtue Of the People to govern then
!. selsesl Sir, it is a libel upon our People
}, upon our country-upon democratic sci
i government No foreigner should utter
j Ito nv face. though he knelt in the presenc