The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-01-11

cluded within H. Such sweeping Pronunciation
should not have been made lightly, nor without the
most inconlroveribe evidence al hand TO sustain It,
This, apprehend, win BE- found difficult task for
General Jackson, with the aid Of all such Of his
friends as have become endorsers OF these charges,
20 establish.
| Iwish for bis own sake that General Jackson had
stopped here, and not have gone further in his IN
just allegations agains the banks He unqualiicdly
charges the banks with having I" ROBBED THE
TREASURY OF MANY MILLIONS OF MO-
NEYp This isa charge, partaking in no small de-
gree, Of feLoHiOHs character II is such one, IL
made individually would cause the one making Il
to be held liable TO sustain il by proof or falling TO
do so, he might find himself muct in heavy damages
in favor Of the aggrieved party.
So far from the banks having robbed The Treasury,
the last report of the Secretary gives very strong
evidence that he does not apprehend the loss to the
Treasury by the banks Of single dollar. He says,
Of sm since September, hare paid orer all the
public money hieh then Stood to The credit 81 the TTea-
sarer Others supposed 20 hare eTecated bonds, ae-
eordi&g 10 Of is provisions the act for settling
with the banks aud sererat preparing 10 do 50,
sCith uietc 20 rceeire fprtasr Indulgence The re-
aaiAdsr arc crpseted 10 discharge, tgittoM suit or
bond ls amounts they respectively ope as may, from
HScdfH
He also says, "Me amounts IN neir Qhe b1nks) POS
session. taAare 6esn probably riH be- under te act
Of I6,t Os,o5sr last, poStpOnea -Oastaird tn July
NEXT, oaethirdtW January 1889, and the residue tH
.Jntg, 1889, are estimated at $3,500,OOO. With this
there is connected another fact, that under the act
Of October the banks which avail of the indulgences
granted in it, pay interest at the rate Of six per
cent. per annum there is not much evidence to be
hpF hat ha MI Sug he
loss of dollar by the banks far less that the banks
have rolbed as Treasury Of many millions Noloss
whatever appears TO be contemplated by the Secre-
tary
have sought, though in vain, for the proofto sus-
tain the allegation made by General Jackson, that
the banks repeatedly and earnestly canti0aedby
The Treasury Department not 10 oUer issue" But
find reiterated proof that the banks encouraged
by the Treasury Department, and even desired TO
enlarge their discounts on the public money; and
when they could not do so, because their charters
prohibited ii" they requested to leave it in the
hands of other banks for that purpose whose charters
did not prohibn Is there TO b, found either "per-
fdy" treachery' in obeying these requests the
Treasury Department, on the part of the Banks2
When | see the declaration contained in the letter
of General Jackson, that, the separation Of Bank
and State was supposed to have been accomplished
by the Federal constitution il now reads" and sub
sequeny, that il we are not now ableto occupythe
ground prepared for us by those who framed the
constitutional fear its recovery hereafter will
cost the people difficulties and disasters" say, when
read these views, expressed at this day, it is not
without degree ofinordinate surprise and astonsh-
ment! If these constitutional obligations exist now,
they cristed in 1884. The very measure advocated
now BY General Jackson and his friends so as, to
occupy The ground prepared" &c. now; was in 1884
repudiated BY the friends OF General Jackson in the
popular branchof the National Legislature, only one
Of them being found then, TO give it support can
hardly conceive, that the duties which the constitu
ton prescribes 10 the Chief Executive Magistrate can
have changed since 1884. If it has not, General
Jackson remiss in his duties then, or in error
now, in his opinion as to these duties. That measure
which he to consider called fornow in the ex-
ecution of his constitutional duties, from the Chief
Magistrate, he at that time cast firm him, as being
disorgansiag and revolutionary calculated to place
the public money in situation 10 be piundered By
hundred hands tchcn one coid mol reach u irherc 10
ras. .a
There are many other allegations and assertions
contained in the late letter of Gen Jackson which
was my intention TO have noticed but, the leng;hto
which have already gone, admonshes me to con-
clude without occupying greater space in your va
luable paper; with single remark, that any cause
which cannot be sustained by facts and truth immu-
table, must be desperate one, and ought to be aban-
doned BRuTUs