The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1838-08-17
From The Richmond 'hls'
MODERN DEMoNRACf

I.cLsopism and Jacoblnism became synoni- (
nous terms. This graphic picture was
drawn bv Mr.. T. at the close OF his power l
fDl speech In reply to Messrs. Wright, Ben /
ten and Strange, when IT was proposed 10
repeal the principal features Of the depos''e
law. Let the reader note dlspassIonately
the positions here taken, and see II they are
not true to the life.
Mr. President, (ssid Mr.. Tallsadge,) the Sens-
,or from, North Carolina (Mr. Slrangel has this
,,orpinr ponrned over the Inundated, tns iaAeh,
,bs S,svrsood condition Of the Democratic party !
as he is pleased 10 term those who, win Nun, are
attempting TO carry out the Prlneipes OF ."a
Federalism Of '9s lie complains that they nave
been beaten in their projects, ana efeogh 10 'h's
horrible predIcament, because they nave oees
abandoned BY fTaglHen, OF ihoif u'ehes- o't
they have Abandoned tbs fragment, ana n'' ue
fragment them tins fragment, as the senator Is
pleased to cali II, is where 1t always has BEEN IL
sin rensins apon the firm base o: principle, and
there la II remain forever. II remains where
General jackson. Mr.. Van Baren, snd all Their
friends we're but short uEe since. II Is theJ'
thar have been thrown from this granite bed where
tEey have SO long IePosed. Uitralsm, IKE con-
ynlsien in the physical world, has dssuoteH ue
attraction Of csaesion." and nreclpstaled iiiem TO
the dark ABYSS in which the Ssnstor now hnas
himself and from which be viii be unable to
emerge They have abandoned the old and oea-
Ten track Of principle marked out BY the footsteps
OF ctfcrson aud Madison, and follow ed the devil
Gus aad winding wsysI new advsnturers IN the
science Of political economy and practical finance
They have entered upon q Qui1otic expedition 10
reform ihe currency Of the country. and atier az
,hsir toll and trouble, like the kng b Of the kuefui
Couu,ensnce, thsy find themselves tiiung sgains'
wiudtnills Sir, it 10 they. and not We, no nave
abandoned and gone of. Had the PRESIDENT re.
Commended the revival Of the Safe Bank dsPosie
system, We shsald hays heard nothing IRON the
Senator from North Carolina, or from nay cot
lesrus about this Sub Treasury scheme. All the
friends Of the Administration, with, perhaps, two
or three exceptions, would have united most cor
daily With US 20 aid the banks in the resumption
Of specie payments, TO reylSe the business anc 10
restore tire prosperity Of the country. Tine magic
influence Of the Executive Recommendation, hse
the wand of ProsPero, would have allayed the
tempest that was raised. and all would again have
been peace and quiet. | ImPeAch no mans no
tiyes for the course lie has taken. know how ST.
len,ly and imPercepiibly the mind Is drawn into
the support of Executive measures. 10 spite Of IT'S
own convictions. Executive iniuense comes Ger Il
Like the sweet south, that brsathes upon banL
OF 'iele,s,'
no, stealing AID givins o5our" bu, rObbing !
uf its h.gh sense Of accountability. and giving
delicious foretaste Of that fruIlion which Away
attends the successful issue Of every "uniried CT
redient" Ne, sir, | impeach ne mans nstiyes
But | must be permitted To- express my unqaali
ned belief, that bu, for the unfortunate recon
naendatinn of this measure BY The President, "
should now os acting IN harmonious concert e
the common In,e--7ts Of our common country IL
stead ~. this, the Senator from North Carolina
determined to sink or swim" with the PresldeF
and how ever deep this SUB Treasury mill ston
round hls meek may sink him, be seems TO say
"I'H seek him deeper than e'er plurnmei scnndsS
And with him there lie mudded."
NJ: President, these experiments and nnirIe
sxpedlsnis," over whose loss the Senator irot
North Carolina has weP. 50 bitterly, have we
nigh ruined the country. At all events, they hsS
given a shock To its business, and bios 10 y
prosperity, which it will take long time 10 II
pair BaI fer the recuperatye energies 81 ou
people. Z half century would moi suffice To u
store .gr credit and our institutions 10 that Prou
height from which they have been prscipI,atsd
a weak or wicked administration Of the Govern
ueDt And vet We were It'd the other day
the senator from Missouri, that the sxPeripente
hsd triumDbeS Thsy had 'riumPhed, becau;
the bauss of New York had resumed specie pa
nenls SIR, these banks resumed In spite u yoC
experiments; and but ior The hostile position
tine Government, they could have resumed as Ee
in Februarg as in May, uhen foreign e1chang
was so reduced as ts remove the fear Of spscie b
,ng taken from the country. Your experiment.
compelled them TO curiai their circulation, an
reduce their discounts TO a roinoos extent, IN o.
der 10 be prepared even for a Nominal resumption
end sill near, with an exulilng air, thai the -
psrlmenters have triumphed They have n
umphed a. certain other experifnenteTs uiatnphe
over a eat under an exhausted receiver The
pumped ont the air till she teh that vitality iise
vss departing, when. By the very instinct OF be
na,sre she put her paw upsn the aperture, throug
which Der life oozing, and philosophy va
left to CT lecture hoa much more she could hav
borne. 50 Hith these modern expefipeHters u
currency and fGsnee The countrg has born
with their operations ull u has become exhausted
and With an instructive and cOYglsIys three, hai
lo2se9 tself from their fatal grasp. And yet, tht
e1periHtnters have tfiumpLed and she ; r tol
frs,s Sorta Cofoina n,oerns the los d ihos,
demScra'ic measures. whose success would have
ex,inguished the last ray u hope asd driven the
mercantile ard busInsss cen @unIty 20 utter des
pair. God deliver me frsin such democracy A
democracy wsich concentrates all power IN The
hands 81 enc man--oud dcuocfaey which subjects
the opinions aad actions of party oI.gHsrs 70 bi,
sli' and 10 hts will sIDns--a democracy which
makes the grest and maraDount interest ~ the
country spbssrgiGBtte the low and g'pseiing pur
suis Of paFiy--a democracy winch permits no e.
ton On any qasstIon, however urgent ihs necessl
gy NAV be, xilboTt orders from head qusrtsrs-a
democracy that appeals 70 he passions and pfflI
clces Of the people, inptsad ~ sniigheniar their
judgments, ass relying upon thelf reason and
then patriotism--a democracy winch attempts ts
SCI oas class Of The community against the other
rs II their Interests wers nat reciprocal and de0.
ticai-a Democracy which denies 10 every ,as a the
night 10 think ard set f9r bi,nsef 81 uiDse great
questions ia which tie vital interests II the cotn.
try deeply iHyolyed--a democracy wbich
attempts, by party cfiil and party disciy linc, to