The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-10-03

otherwise unless the destructive principles Of the ruling
marty continue harrass the Country, that u be
driven TO escape from anarchy at the risk Of desposm
In 1916, memorable necessity forced the Government
upon the exercise OF this very doubtful powera neces-
sity supernduced by the events OF the war, No such
necessity again be created but by the folly or WICK
edness Of blind Infatuated party which, for the SINS OF
the country present controls its policy There not
OF the gentlemen whom you represent sir, VINO
will do suffer arrest this disastrous career
and avert the necessity which may drive the country
upon National BANK, than ! and declare with per-
feet confidence that II the administration VIII pause IN
its mad career of violence and uraismor II, what Is
more probable. be beaten down by the sober ntell
pence of the country-there will be no National Bank
established IT, the contrary, they continue TO insist
upon their exaggerated theories and are not rebuked by
the moderation and practical good sense OF the people,
National Bank viii be the inevitable consequence.
Towards this institution the public mind is obviously
impeed by the efforts Of those who would persuade US
that the destiny Of this great people, and OF their Tree
institutions, is reduced to the alternative Of National
Bank, or exclusive exacton OF gold and silver ny
this mode Of stating the argument, all middle ground
is excluded They present Scyla on the one hand and
Chsrbdis on the other and denying any passage be-
tween them, leave which OF the two TO choose II
is common enough occurrence In heated dsputations'
for dexterous diaecons to drive each other upon ex-
IRENE ground and close the controversy by leaving to
each other the selection Of greater or less evil Thus
party proposes to frghten US into hard money ex
action by the terors Of bank and the other TO coerce
into bank, by tho horrors ofa specie exacton For
the last years has been the stale trick oil the ad-
ministration successive step IN It's climax
Of folly and wickedness by presenting the ever ready
alternative OF National Bank II has been the scourge
with which public opinion has been dashed on from one
disastrous measure to another, and now again u Is
welded TO drive us into the Sub.Trcasury ! do not
in the slightest degree doubt If this alternative Is per-
sisted in and forced upon the country, it will prefer
National Bank, by immense majority In TRUTH SIR,
such an alternative is altogether imaginary. Does any
one believe that bank be established. during the
present administration unless the calamities OF the
country procure two thirds Of Congress for IL Does
any one believe that two-thrds Of Congress be OBJ
tanned in favor of measure to which the present ex-
tended and prosperous banking system is opposed
The present Congress has, by a most decided vote,
rejected both branches Of this llusory alternative IL
has expressed disapprobation Of National Bank,
and has most emphatcay rejected the specie exacng
Sub treasury. Indeed, this last measure has received
its doom in the most decided way-t was rejected IN
the Senate by majority Of nine, and in the House by
a majority Of fourteen In Congress between the ex-
and regular session, it lost in the Senate from ma
jory in its favor majority Of nine against 1t and
in the House, from majority OF seven IN favor OF post
ponement, majority OF fourteen for total rejection.
The fate Of the Sub Treasury without the specie ex-
action, very diferent-it passed the Senate and
failed in the House by majority Of but four Thus It
apparent that Subeasury with the receipt OF the bills
Of specie paying banks more favored measure than
OF either those which have been ostenatiousy insisted
IL
hard money clause and its advocates destroyed the In
dependent Treasury which but for that feature and its
friends would have been the law Of the land so that
they are responsible for the failure OF Sub-trcasuy
| system. ..
| Whether we consider the course Of the specie
acting clause in Congress- its reception by the peo-
pie Of the United States, far they have passed
| Judgment, it is dead OF the Southern States, Mary
land, Virginia, North Carolina, Mississippi and Louis
ana, have held elections since it proposed, and at
/ he. Vhauh apa
nounced against it. Ithas destroyed the Administration
in several States, and weakened 1t in all, except fear
| in our
But for the conviction upon the public mind that this
measure entirely out Of the question, the Banks
would not have renewed specie payments nor would
country have been blessed with those OF
viyng prosperity which cheer every side. These
tho first fruits Of the triumph Of the people over the
Administration and although the present arrangement
Of the treasury is not such any one fully approves
yet defective it Isl great majority OF the people oil
the United States prefer it, very properly to the hard
money Sub-treasury
beg leave to you, sir, and the gentlemen
whom you represent OF the perfect coincidence OF our
rst came into their service State Rights politician Of
the straghtest sect Of the school Of the Jefferson and
Madison Of '9S, Of the VIM. II. Crawford of 1916, of
the John Taylor and Judge Smith school Of 1924 and
that, following out the principles Of these men, was
Nulfer of ls32-wi,hout having aught to forget deny
| or explain, in my past history. My career has been
humble, hut it has been uniform. If it has been
signazed by distinguished ability, it has not imposed
upon me the painful task of indicating doubtful
| sstency. When, from the honorable service OF this
district, the kindness Of the State placed me in more
extended sphere, it was unquestionably, that should
act there upon the principles which had gained favor for
me here My course required elaboration to determine
upon it. found the General Government administer
ed upon principles from which Hamilton and
Pickering would have revoted, and in possession of
party audaciously avowing doctrines Anti Republican
as to procure for them the designation Of the Royalst
party"
found the party avowing and acting upon the prn-
cples OF the Proclamation against South Carolina, and
the Force Bill
They had passed the Tariff of 1928, and had opposed
the Compromise Of 1882.
They had seized upon the deposites of the United
States Bank, and held the public money against law.
They claimed for the President all executive power,
| without reference to the Constitution
They avowed the principle that the spos Of Govern
mcnt belonged to the vctors in party struggle, and
boldly used office aud office holders to perpetuate their
power.
Their President openly employed all the power of the
Government to appoint his and they expunged
the Constitution to perform act Of sycophancy
him; the most guilty and ignomnious act that has
sullied our history.
Such the principles and practices of the party in
power-not only characterized by every quality which
could define Federalism, but going beyond all that the
widest enthusiast for consolidated government had
ever imagined-and these enormities were perpetra-
ted in the name of Republicanism and Democracy =
which names they have recently again desccrated in
hollow and hypocritical address to the United States
full of those professions which they Ihave made and
violated every year for the last ten The old Federal
party honest, though mstaken-the party have
acted upon, while they denounced their principles, and
used them to crafty the lust Of money and office.
went into Congress in opposition to this party. /
stand IN opposition to it yet stand in the same rank
shoulder to shoulder with tho men now as in