The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-08-15
ADDRESS or THE HON. j. G. CLARK,
To The Repubiiea" Electors q Chena"go
County, ~. Y.
fContnued1
fContinued.1

Permit me now TO explain 10 you briefly, ms may,
the reasons which have influenced my actions on
the suhiec, in hand
And, fest What induced the executive recon-
incubation of Subtreasury And what IS The I'd
ieet 10 be ,b,ainedl / answer, ils inducemsnt was
hostility Ia lis object, the destruction OF, the whole
Biuking System Of The country, 10 Gu. q inns, ana
70 deceive the people ,nS ~ snp pw as assar,ed
by The Leo Focos, an u s Bank, or The Sub-lrea-
sury This deny The issue before the demLcra-
CIV Of the country is and should b., The Sale Bank
Opposite System, the Sub-lreasnry Before speak
ing OF Ibis, ask your attention the proofs ut hos
liliiy 10 the Staie Banking lDsituii rs. And here
say: If could not convict, before an INTEL gent and
impartial jury, The Administration Of deep and
setIed huNlv, OF deathly hate, Of destI ncliye
purpose tow irds these Banks should consider my
self unfit for he advocacy OF hive pound sun IN
Justices Court.
L had occasion in my letter addressed TO you last
fall to point the course which The Globe had pur-
sued towards the Banks, This, as before observed,
and as Is we'll known is avowed, Is the executive
organ. The public hold him, aud justly him, ac-
cnlble Tor lis doc rnes. The attacks OF the Globe
were early made, and have continued 10 this period,
attacks Of the most violent and yndirtiye and SIAN
derous charac,er, well calculated (and such
their design TO excite popular feeling and prejudice
against The Banks preparatory 10 the final destruc-
ton. will not trouble You again with all the quo
taliuns made in the letter every Was substantial
W true, though was charged b. the editor, in the
scurril,uS article 70 which ainsion has been made,
specie payments, he rushed To The attack with re-
newed energy, aud with redoubled fury. When
every true friend 10 the bu ,iness and commerce oi
the coualry, (well knowing thatlhe Banks we're per-
fectly solvent and would have continued specie pay
ments, had their deb,ors the people fulfilled their
engagements TO lhem) were Sustaining them, the
editor Of the Globe was found amongst The panic
makers, and by incendary articles. attempted 10
rouse the popular Indignation against them. A few
quotations will suffice:
Every DAYS experience then more fully devclopes
the real object Of the suspension Of specie payments by
the Banks under the recommendation Of the merchants
excited by the Pennsylvania Bank Of the United States
The measure was evidently determined upon for the
purpose Of defrauding the people of this country to
enable Mr. Biddle to meet portion of his enormous
debt in England !"--Jane 10, 1887.
Again:
81 With how much decency the Wing organs, whose
leaders melting rebellion against the laws could
complain Of the failure Of the Government to pay the
claims upon it, when this unfortunate of things
had arisen from fagant breach Of the faith reposed in
the Wing managers Of the Banks, in which the Govern
mens funds werc deposited, must be left TO their own
consciences" @
Again:
"A manifold and fragrant outrage upon the rights
and interests Of the industrious aud producing classes Of
the community by voluntary breach of the plainest
moral du,ythe redemption of the currency which thew
had ISSUED for their own proft."-Juiy ~
Again:
The idea that banks stop measure Of relief re-
solves the whole matter IN the public mind into an at
tempt the part Of debtors deaud creditors That
the stoppage was a /" summary which would not be
tolerated again " The attempt will prove faial to
every hank, and to the regulations Of all concerned in
u."-GhSe, Nay TO-
Again in October last in anticipation OF the pas
sage OF The Sublreasury bill, he exclaimed 'ithe
dynasty OF The Banks buh great and small approach
ed It's end!" These are only samples tina, could b..
multiplied indefinitely. Now il these charges had
bsen true, the Banks would have deserved The cen
sure Thus cast upon them. But they were false and
calunnious and the people SO believed them, as
proved by their indulgent aud pacific towards
them.
With equal bite ness he assaiied the credit sys-
tenn. His shafts were levelled principally ~ The
merchants as b'dy. The nature of their business
required bgnk fcilitieS and credits. Many OF them
were concerned in our b,nking institutions. By as
s.iiDg them he carried ON The war a2ains, Banks
and credits. And here permit me to remark, that
attacks TN men as class are generally unjust and
equ lily unjust and infamous the efforts hereto
fore de and now being made TO array one class Of
the community against ano,her-the rich agains the
poor, and The farmer against the merchant
We hear much of the party slang of The "arsto-
crscy Of wealth and The democracy of numbers
This is unmeanng IL is worse 1T is calculated 10
excite feelings of rnvy jealousy aud haired among
classes who should live together in harmony, and
whose interests are mutual.
In this free and happy country we have no titles
through long Course Of succeSsion-no lgws Of
priinpgeniture, by which property in large masses
de>cend> from father TO son in perpe,uiy Here The
road 10 wealth Is open 10 all. Enterprise, industry
and probiy will conduct us Possessor 10 the goal Of
his ambition, pecuniary independence Inequality
in fortune and condition is the result of unequal ca
city and application Every one can procure
competence, il no, wealth. il he wills 1t. Industry,
perseverance and economy will insurcit An arts
iocracv Of wealth wDere is ii 10 be found The
poor Of to-day is the rich man OF next year and
the rich OF last year Is the pc min of to-day.
Most OF the we lihy men OF this country have be-
come so by their own Industry, sagaciy, and econo
my. They started in the world pennyless, with no
capital but reidy hands aud honest hearts the origi-
nal elements OF the credit system. Few, very few,
men are wealthy by inheri tance. The millionaire
IS gathered to his fathers and his estate is scattered
among has relations Properly here tends to distri-
button. The interests of society are mutual; the
dependence Of the rich and the poor is mutual. Who
feeds the mouth of labor the rich man. Who mi
psters TO the necessities Of the rich the laborer
who by his industry, in his turn becomes the rich
who attempts to array the poor against the rich and
the rich against the poor, is friend 10 neither.
When he appeals TO the worst passions of the poor,
and auntingy asks ifthey willb hewers Of wood
and drawers of water" does he consider that they
could not fill these humble stations u. less employed
by the owners of capital and that in the absence of
such employmens they must sarve, or beg, or steal.
This, however, is the Loco-foco doctrine and policy
8ttbai 99sss By such incendiary appeals, The poor
the property of the rich In moments Of phrenzied
discomfort they collect in mobS, and plumber, pllage
and destroy. The man who will thus pander 10 The
diseased appeties of the ignorant and restless and
excite them TO deeds Of iawles.ne>s is a pest, a
wretch more TO be desecrated than the humble and
misguided Instruments OF his base designs. No. The
arstocracy OF this country exists only IN The brain of
The demagugue But to return 10 the official urgan,
the Globe, which has small sin in this respect,
for which he must answer cite the following ex-
mn latf,r Gkg