The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-02-24

the veracious editor, 70 the libel he published
on the 18th OF LIST May, against James @.
King, Of New York, on the subject OF the
suspension Of specie payments" and re-
trac,ed on the 23d Of the same month; also,
the libel he published in the previous April,
against Col White, in reference TO his con-
yersation with Gen. Jackson on the Florida
war, and re,racted ON the I'd Of June follow
ing.
And now for further extracts from the
columns Of the Globe, 10 show its ferocious
hostility TO the banks, and to all measures
that would relieve them from forfeiture, and
save them from humiliation.
fFrom the Giobe.l
"The scope Of the articles in the Globe has been
10 shcw that the suspension Of specie payments was
the Measure Of the great merchants, money dealers,
brokers, and merchant spectators in stocks, city
lots, and public lands. Now, although IN point OF
fact the great meeting OF this class at New YORK;
held aier the suspension 10 induce, by their II
resisbIe influence quie submission 10 the policy,
on the part Of the producing classes, RHO are Us rie-
Tins, yet the leading men who thus come forward as
is behalf ,se En-, Is truth THE PRIME MOVERS Of
the Nct OF SU0HENolON
This looks very much like approving the
suspension law of the New York Legislature !
Certainly il must appear very consistent with
il! But let US take few more "garblcd ex-.
tracts" from tho same friendly defender ofthe
suspension law 70 which "by authority"
charges the banks with
/" A bare-faced attempt to defraud the laboring
classes by passing off in exchange for products
and labor, the deprecated promises to pay"
The ]" SUSPENSION" is characterized as the
result of
"A combination amongst the merchants, deposit
tors and the banks, melted by the Pennsylvania Y.
S Bank, for The purpose of dcfraading me people.
and enabling Biddle to meet aportion Of his enor-
nous engagements in England
As design to enable Biddle to export ten mill
lions Of dollars for the relief the Bank ofEngand
and the banks TO pour forth their Uohess trash upon
the community"
As design formed to drive the lawful curren-
cy oul Of circulation by one unreslraned issue OF
deprecated paper"
As r fragrant breach of faith a moastrous frand,
by refusing TO redeem their notes. and Withdrawing
Instantly The whole currency from its use subSlitn
ing their own spurious curreaca in It's stead !"
As scheme designed to fill the country with
spurious paper currency, and TO buy up the specie al
boldly executed by the FEDERAL LEADERS,
lwere all the bank directors and officers, federa-
lists n TO farce tae gorerRmea to submito the domn-
ion of National Bank, and one which has covered
its planners with shame !"
As "a NANTES, and fragrant outrage on the rights
of the country by a roluntary breach Of The plataet
moral daty the redemption of their currency, which
they have issued for Their own profit:
And finally,
| As an I" act which has placed them, 1.-THE banksl
by refusing fulfil their solemn engagements in an
altitude OF direct hostility to the people, who are the
actual sufferers by the depreciation OF their paper
Now, IF the Globe, after all this outrageous
deaunciaiion against banks, bankers, bank off,
GERS, bank currency, and epery body connected
Nth banks, neperiheless, SUPPORTED The
measure of relief adopted by the Legislature OF
New York towards the banks" and gave the
measure its best defence, then we have moth
ing further to say al this present time For
such dabolcal course Of MENDAClOuS
| CONSISTENCY, we never had the hardi-
hood to dream Of charging even upon the
| Globe
! But the end is not yet.