The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-09-12

POLITICAL.

ult., published the following eosepi reasons
separating himself from the loco iocos anu
their miserable doctrines. The noble s'ahu
which this editor has taken, IN spite OF Inc
lamentations Of the Richmond Enquirer and
the denunciations Of the "party" press y ~
the highest degree croditabIe 10 his; good,
sense his integrity and patriotism =.
So early as the fall of 1885 were placed under
the ban Of the loco cos OF ths State. Even al that
period this journal was marked Tor prescription py
The sefconsiitAed managers, and wre-pnliers OF
The party, and pio the eve OF the Presidential elee-
lion, was pursued with vindiareneSs and rapcor
Our motives were misrePresented and Attempts
were made 10 destroy our influence with the demo-
craiic party hwillbs reeoleceds thai The right 10
repeal incorporated institutions when there NAG nesh
no violation Of charter, was then conienasu iol ~
the ssrarian and eyelipsport.on or
parry, War! uacomprospsing war was aeslaE So,
against vested rights BY the Globe, ana reechoSn py
ahuadred kindred prints; ana the INSTITUTIONS oil the
rich and powerful State 9f Ohio, We're selected as
tha firs sieims TO these odous doctrines. The first
blow was struck in this State, and agpins, an incor-
pora,ed institution Of mis- city bill was intro
duced 10 the democratic Legislature Of 'S5 and 80
TO repeal the Ohio Lite insurance and Trust Com
pany. Thissi startling movement, struck with amaze
rhent and alarm the rejecting portion OF me demo-
cratic party. But was advocated by The loco tocos-
the present supporters OF the Sub Treasury schepe,
with extraordinary zeal
The administration papers throughout the State,
with few exceptions. ,obeyed the edict from Wash
instsn, and commenced a furious assault upon me
Trust Company, aud those interested in It's manage
ment The Globe gave the war whopp, and The
blood hounds Of radicalisn we're Hhleashed from
their kennels. Il was decided that this Institution,
for the reason that was most assailabe in conse-
quence OF Its extraordinary powers, should be nfd
Inundated TO appease the offended deities of the
modern Molochs, the high priests of the loco foco
mysteries. This accomplished; The principle es-
,abshsd that sie may violate s rg Kun an y pr
yf,eges derived from her, The way would then have
been clear for the destruction of the Pennsylvania
Bank Of the United States, and for general and
sweeping overthrow of State currency, the banking
and credit system. We viewed with alarm, these
attacks upon the institutions OF our country, and
moved BY the impulse of an honest belief that we
were performing sacred duty we owed TO The dc,
mocratic party and 10 our country, we took ground
against the doctrine Of repeal We disclaimed for
MIR. Van Buren,, then candidate for The Presidency,
and for the democratic party generally principles
so repugnant reason honesty and the character of
our Government. For this, orr motives were i'm
pugncd, and our democracy questioned We were
denounced as traltorto Republican principles, and
stigmatizcd as bank bought Judas. We were ac-
cused Of having been bought up and influenced by
the Trust Company; and then, as at the present
moment, designing radicals otRcious through
out the country laboring to destroy the influence of
this journal. Nevertheless we persevered in
hostility 10 the destructives; and were triumphantly
sustained by the democracy Of the country The
attempt to repeal the charter of the Trust Company
failed and thus The blow aimed at the credit and
character Of the State fell harmless.
As the Presidential election approached, the loco
focos preached peace and reconciliation, and pro-
posed burial of the tomahawk. Most cordially
did we accede TO the proposition. They disclamed
any designs upon the institutions of the country
They said their object was merely to test the princi
Piles which the question involved II had been tested
and they were satisfied We shook hands with them.
We co-operated with them in the State and Con.
gressional election. We supported candidate of
their own choice and selection for Congress But
the elections were scarcely over, before the war
upon the banks was again renewed The President
wasursed TO adhere TO the Specie Circular. A Sub
Treasury scheme was proposed-an exclusively hard
money for the Government was advocated-and,
what to US was most Notifying, the President of our
choce-the man in whom We had so much confded
and who we had labored to elevate sanctioned the
destructive measures OF the loco .ocos.
He embraced principles, which we abhor and con-
demand which We shall continue 10 oppose
long as We live in free country and in the enjoy
ment Of our faculties.
We had opposed the loco focos, in their hostility
to our moneyed ns,ituons-and their hard money
chimeras, before the election OF Mr. Van Buren,
We were not to be deferred from again raising our
voice againt similar demonstrations, after the cleo
Gon because they were sanctioned and sustained by
the Executive. Neither were we disposed 10 aban-
don the administration because of its policy upon
the currency question We supposed that the course
of Mr. Van Buren, had been dictated by a belief,
that majority of the American people were in favor
of the measure and that he would be sustained by
MS country. we tnOugnt MS course an hOaeSt out
mistaken one-we looked upon him as one who had
been caught in the foils of hear,iess, reckless and
unprinciped facton.-Men who would sacrifice
him, and their country, to promote their ag-
grendizemen-Men who have nothing TO lose, but
every thing to gain by the success of their desruc
tive. principles.
We entertained the hope that Mr.. Van Buren,
would be governed by public opinion, and cut him
self loose from loco focoism, and tear himself from
It's embraces The result Of the elections, all over
the country, furnish proof that the people have re-
solved not 10 have the Sub Treasury 10 rule over
them-but neither the victorious shouting OF The
wings, nor the MORNINGS OF his disconseiae friends
make any impression upon his senses. He said in
his message that the popular will was the supreme
law-but that law he has thus far held in utter con-
tempt The people, thousands OF whom, having
become alarmed at the fearful encroachmenS OF ra-
dicalism, at the late elections either looked on as
indifferent, though sorrow-stricken spectators, or
openly as choice Of evils, Toined the wings, have
been charged as bank influenced or bank bought
We have never escaped the charge though we have
acted with the whig party nor ever voted the
whig ticket. Disregardiul Of the prosperity and
success of the Democratic party-b!ind and appa
rentiY reckless as to the consequences OF this i'll
fated measure deaf the warnings Of his eldest and
best friends he clings 10 the Sub-Treasury like the
strong swimmer in his last convulsive agony.
In the fond and just expectation, that the ultra
measures Of the President would be Abandoned after
the strong demonstrations Of public condemnation at
the election and after hearing the earnest renon-
srsnces OF his earliest friends we have been in
common with large portion OF the democratic
party, disappointed. We are now convinced, that
he intends to sink or swim with his favorite mea-
sure. That he will sink, it requires no prophet TO
foretel
the Globe would be Mr.. Van Buren's winding sheet.
We were moi far out of the way, when nearly year
ago we said "there must be change of councils
and measures or the administration must 60 down.
What was prophecy then, will soon be history
Towards Mr.. Van Buren, we entertain unkind
q