The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-07-14

doned, usurped. Money Is ibe power Wnich over
rides all oher powers II is the key which unlocks
every heart BY this bill the Executive has II under
his entire control He apo nis all the officers into
whose hands he puts IL, and removes them al his
pleasure. He could,
having both the key
or officer and Office, set oil hearts
To what tune pless'd his ear"
and II the time shall ever come when the Chief Ma
gistrac OF this nation shall aspire 10 title beyond
The forms of the Constitution, and subversiye OF the
liberties Of the country this bill will place within his
grasp the only remaining power which Is necessary
for the accomplishment Of bis object
Mr. President, the Senator from North Carolina
(Mr Sirange) has this morning mourned over the
Inundated, the fallen, the degraded, The disgraced
condition of the Democratic party, as he IS pleased
to term those who, with him, are attempting 10 carry
out the principles ii ULTRA FEDERALISM Of W lie
complains that they have been beaten in their Pro-
jecs, and brought 10 this horrible predicamen' Des
cause they have been abandoned BY fragment OF
their friends. Sir, they have abandoned inc rag
ment and not the fragment them this fragment, as
the Senator is pleased tocall ~ Is where II Always
has been Il still remains upon The hrm Dase OF plin-
ciple and there let il remain forever II remains
where General Jackson, MIR. Van Buren,, and all
their friendswere but short time since Il is they,
that have been thrown from this granite bed where
they have so long reposed. ULTRAsM, like con-
vulson in the physical world, has destroyed The Sat
traction of cohesion" and precpiated them 10 The
dark abyss in which The Senator now fnds himself,
and from which he will be unable 10 emerge. They
marked oui by the footsteps OF Jefferson and Madi-
son. and followed the devious and winding ways OF
adventures in the science Of political economy
and practical finance. They have entered upon
Quxolix expedition TO reform the currency 81 The
country and after all their toll and trouble, like the
knight Of the Rueful Countenance, they find them
selves ting against windmillsl Sir it's they, ana
not we, who have abandoned and gone of. Had the
President recommended The revival oil The State Bank
deposite system, we should have heard nothing from
the Senator from North Carolina, or from my col
league about this Sub-reasury scheme. All the
friends of the Administration, with, perhaps two or
three exceptions, would have united most cordially
with US TO aid the banks in the resumption OF specie
payments TO revive the business, and to restore the
prosperity of the country. The magic influence Of
the Executive recommendation, like the wand OF
Prospero, would have allayed the tempest that was
raised, and all would again have been peace and
quiet. | impeach no mans motives for the course
he has taken. know how silently and imperceptl-
bly, the mind is drawn into the support OF Execu-
tive measures in spite of its own convictions Exc
cutive influence comes oerit,
/" Like the SOUTH that breathes upon bank OF
vioets,"
not stealing and giving odour," but robbing it. of its
high sense Of moral accountability and giving de-
licious foreaSe of that fruition which always at
tends the successful issue Of every untried expe-
dent" No, sir, impeach no mans motives. But
must be permitted to express my unquahed beiief,
that but for the unfortunate recommendation OF this
measure by the President, we should now be acting
in harmonious concert for the common interests OF
our common country Instead of this the Senator
from North Carolina is determined 10 sink or SWIM
with the President-and however deep TINS sud
Treasury mill stone round his neck may sink him,
he seems 10 say:
m seek him deeper than e'er plummct sounded,
| And with him there lie mudded,"
| Mr. President these experiments and "untried
expediens" over whose loss the Senator from North
Carolina has wept SO bitterly have well nigh ruined
the country. Al all events, they have given shock
to its business and blow to its prosperity which il
will take long time to repair But, for the recu-
perative energies Of our people, a half century
would not suffice 10 restore our credit and our nstl
tutons to that proud height from which they have
been precipitated by weak or wicked administra-
ton Of the Government And yet, we were told the
other day by the Senator from Missouri thai the ex-
perimenters had triumphed They had triumphed
because the banks Of New York had resumed specie
payments! Sir, those banks resumed in spite of your
experiments; and but for the hostile position OF the
Eebraary as IN nfny, when foreign exchange was so
reduced 10 remove the fear of specie being taken
from The country. Your experiments competed
them 10 curtail their circulation, and reduce their
discounts to runoae III order 70 be prepared
even for nominal resumption; and still we hear,
with an exuting air, that the experimenters have
triumphed! They have triumphed as certain other
experimenters triumphed cat under
haused receiver. They pumped out the air till she
felt that vitality itself was departing, when, by the
very instinct Of her nature, she put her paw upon
the aperture, through which her life oozng, and
| philosophy was lefl to conjecture how much more
she could have borne. So with these modern expe-
rimenters in currency and finance. The country
has borne with their operations till it has become
exhausted, and with an instructive and convulsve
hroe, has loosed itself from their fatal grasp. And
4 yet, the experimenters have trinmphedl and the
! Senator from North Carolina mourns over the loss
of those democratic measures whose success would
j have extinguished the last ray of hope and driven
the mercantile and business community TO utter de-
| spair God deliver me from such democracy! A
democracy which concentrates all power in the
4 Ia democracy which
opinions and actions OF party followers to his will
and TO his will aone-a democracy which makes
the great and paramount interests of the country sub
servien TO the low and grovelling pursuits ofparty-
democracy which permits no action on any ques-
ton, however urgent the necessity may be, without
orders from headquarters democracy that APP
peals to the passions and prejudces Of the people,
instead Of enghlening their Judgments and relying
upon their reason and their patriotisma democracy
which attempts 10 sci up one class Of the community
against the other il their interests not rec
procal and identica-a democracy which denies TO
every The right to think and act for himself on
those great questions in which the vital interests of
the country are so deeply invoved--a democracy
which attempts, by party drill and party discipline,
to subvert the very spirit Of the Constitution 10 sub
stitute Executive for Legislative power TO subject
the will of the Representative to the will of the Exc
cutire to compel him to act contrary to his OPT
Mons, against his own Judgment in violation OF his
own conscience, and in open defiance OF the ex-
pressed will and wishes OF his constituents de-
mocracy which extends its influence from the seat
Of the General Government to the respective States;
which swallows up the reserved rights Of the States
in the consolidation Of the central power--a demo-
cracy in short which establishes in the heart Of the
country the most perfect despotsm under the delu-
sive forms Of free Institutions
Yes Mr.. President such is the democracy Of this
federal administration--an administration that has
adopted the ultra federalism OF ''he reign ofterror"
and now charges upon its former friends the sins of
its own commission. Sir the people Of the United
States cannot be deceived BY these vain and hollow
/ nretences. Democracy. like monarchy will be