Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1838-05-02

be carried OH against the Bank. Press
cs were already subsidized; and the
army Of Office holders, your cohorts,
stood ready to say, and unsay, any
thing and every thing just asthey should
be commanded.
Between this message Of 1929 and
the next, you were busy in superintend-
ing the adjustment Of this machinery,
and in seeing that the wires that were
to be pulled at Washington were fast
ened to the proper joints, and run out
in the proper directions. The country
soon felt the action. Every where the
Bank was assailed. A national bank
60 such as our venerable chief magis-
trate spoke ofin his message of Decem-
bcr l829," was announced to be per-
iection. Oyes-it was to be " founded
on the credit of the Government and its
revenues. The unconstitutionality Of
the Bank of the United States was made
to rumble through the land like thun-
der. General Washington's opinions
and Mr.. Madison s. and Judge Mar
shall's were considered as paper and
packthrcad, when compared TO the
opinions of" the illustrious Jackson. l"
Experience was blown up like bubble
and this new experiment cxtolled as
the creation of perfect wisdom. And
all round the country was repeated the
assertion, that the Bank had failed in
the great end Of establishing u uniform
and sound currency. 1t mattered not
that any man having its issues could
travel all over the country, and even to
China, and pass them at par; and that
the Bank was able, and willing, and
had never failed, to pay specie for eve
ry note demanding it, when demanded.
This was all moonshine. The people
were to be experimental on as in the
case Of the East room letter, to see how
far they could, by the force Of party
machinery, be made to see that lie
was a truth. The country, though agi-
tated by this first movement of this par
ty stood firm. In 1880 President Jack
son referred to the subject again-thus:
" The Importance of the principles in
volvcd in the inquiry, whether it would
be proper to re-charter the Bank of the
U. S., requires that | should again call
the attention of Congress to the sub
ject." AT this point rocket was sent
up, with the twofold object of cmbody-
ing "the party" and alarming the
country. "Nothing, proceeds the mes
sage, 4" has occurred to lessen, in any
degree, the dangers, which many of
our citizens apprehend from that insti-
tuition, as at present organized" "
Now, to the common sense and busi-
ness portions of the community, this
sounded like the doleiul cry Of some
fool of landsman, who should start up
at noon-day and cry out from the gang
way ofsome noble well found ship, then
in the midst of the ocean" breakers
ahead =" 1t is very likely, sir, that you
induced Gen. Jackson to believe that
what he subscribed his name to about
" dangers, was true; but you knew
you did not believe a word Of it, nor
did any other wcll-informed honest man
in the nation. 1t was however echoed
by those who were paid to repeat the
alarm, and by those who looked to be
rewarded" for joining in the chorus,
but by none others. Up rose again the
monster Of a Treasury bank, the same
vile, liberty destroying and cnslaving
monster that you are at this moment
straining every nerve to fasten on the
breast Of this already paralyzed nation
The President, under your direction,
takes the same ground again in 1912.
This was period in the history Of this
crusade upon the best interests Of the
country, Of great alarm to you-for so
far your machinery had not worked out
the results that had been hoped for
As yet majority of the voters had re-
fused to believe that right was wrong,
and wrong, right; or that riches were
poverty, and poverty riches; or that
the Bank was the horrible and danger
our monster which, from such high
source, it had been reported to be-
The engines for the manufacture and
distribution of falschood worked, it is
true, necessarily, but they had failed,
as yet, ia its distribution to accompany
it with a sufticiency of dust to blind the
people. But the orders were enforced
to them to work on, and they did work
on.
Congress, after having had its atten-
ton so frequently called to the Bank
and its charter, began now, in earnest,
to act. But seeing that you had not
sufficiently deuded the people, you
caused the cry to be set up, that any
action upon the subject then was pre-
mature % This was such an outrage
upon the known history of the case, as
to induce Congress TO proceed. That
body saw that all the plausible reference
Of the subject since 1899, to it, was but
a hypocrtical Difference, and it deter
mined to 90 on. This was an hour Of
agony with you! You knew that re-
charter Of the bank would ensue when
all your hopes of commanding the trea-
sure of the nation would be forever eX-
tinguished. But with your never-cca-
sing tact, you saw how to escape such
a blow-and it was instantly resolved
that any act the Congress might pass,
rechartering the Bank, should be rem
dered null and void by the instrument
tality of the veto. Congress did re-
charter the Bank, and the veto was en-
II Il ..,.xl> - cav,n th,. ,,nn,,-