The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-04-17
SUPPORT TO THE REsUMING
HANkS.o

The official organ of Saturday night con-
tanned most extraordinary announcement
under the obove caption, from which we take
the following extract:
"We are glad to perceive from the Albany Argus
that the Executive and Legislature OF New York are
prepared TO give efficient aid the resumng hanks BY
the letter of the Secretary of the Treasury the public
Is also assured that every legitimate that can be
exered for the same purpose in the regular action Of
the General Government, without abandonment Of
any OF the principles to which stands pledged, will
be afforded. So far from feeling the hostility falsely
ascro2d 10 1t by the opposition or being inclined TO
take advantage Of the difficulties OF the present
cmbarrass the banks II not only Inclined but resoly
cd to favor as far properly can, the audabe effort
oil such banks as endeayong to restore the
cy to wholesome state
The object of Mr. Hamer's resolution, as were
authorized by the mover at the time TO declare was
merely to give Of the real disposition Of those
to whom the management Of the finances is committed,
and TO make II manifest, that obstruction to the bu
slness OF the banks need be apprehended from the
trends OF the administration, The letter Of the Secre
tay OF the Treasury, and other indications of support
to the banks from other quarters have doubtless The
opinion Of Mr. Hamer rendered any further action on
h resolution unnecessary therefore, he has since
called itup."
The sentiments embodied in the above, are
published either in good faith, or for the pur-
pose Of deception. If they are real, and such
as the Globe party are DESTROYS or even willing
to carry out, curious state of things is pre-
sented The administration will have aban-
doned its policy, and become conservative.
The article above is decidedly conservative
as far as it goes. The Globe has aimed, in
its late attacks upon the Madisonian, to drive
us beyond our position, and to assume it for
itself The elections have indicated the ne
cessity of this course. As cover for this
backsliding, the Globe discharges its guns at
the Conservatives and National Bank, as
though they were one and the same thing,
and then affects a wondrous regard for the
State institutions So far as the editor of
the Globe is concerned, does not every body
kaop this to be all the sheerest hypocrisy
That editor is perfectly raving with hostility
to the banks, audit is but short time since
the common language was, that no man could
belong to +" the party" who had any connec-
ton with, or gave any countenance to banks.
Ii is not week since the Globe published an
article commencing the ." democracy" of New
York for parading the streets with the revolu-
tionarv veil of "Down with the banks" Not
ten days ago it was said, 9" the Independent
Treasury scheme must pass-the banks shall
go down" Now, forsooth, when this policy,
and this spirit is made, by the people, to bite
the dust, it is :" resolved to favor the banks y"
But the hard money maniac who presides over
the orgies ofthe Globe has notthe slightest wish
or intention to sustain the banks in any thing
they may attempt to do He thinks Of moth
ing, he dreams of nothing he breathes nothing
but unconditional DESTRUCTION to the entire
system of banks. And yet this honest
oracle says, he is glad to perceive the
public is assured . :" hostility falsely ascrb-
ed to the government y g resolved to favor !"
"no obstruction need be apprehended y &c
&c. All this is for the benefit of the banks.
Can the history Of humbug and imposture
equal it?
But if this is all in good faith on the part Of
the administration, still we fear the repentance
will be unavaling. Did we not, long ago,
forewarn them of that remorse ,chich comes
TOO late If they had needed our humble
advice how different would have been their
present position. Instead of continued morti-
fication and defeat, they would have been still
party to stand against the world. If they
had been of the disposition now claimed by the
Globe, the Sub-Treasury never would have
been thought of as practical scheme, and the
party consequently would never have been
placed in the false position which has proven
so fatal to its hopes. Had the administration,
instead of reviving the dreams of forgotten
faction, applied itself to the promotion of
practical objects, and continued along in the
well-trodden path Of old-fashioned Republi-
canism, advancing the prosperity and protect
ing the interests of the people, it would have
realized the high expectations its origin and
movement had excited and exalted the glory
and augmented the strength of the Republican
name. Had it six months ago come forward
in good faith and proclaimed,
"sUPPoRT TO THE REsUMINC BANKS ~
| confidence would have been at once restored,
| a. 4 Al