Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-03-03

presses. ID tUcv not H1bNt1su UICc0Stus
and bitter hostility to the mercantile classes and
TO tho institutions Of the State? certainly
never supposed the State Banks fit agents To-
furnishing OF regulating national currency, but
have thought them useil ~ their proper PA
ces. AZ any rate, the states TAI power 10 estie-
lish them, and have es:ab.sc,. :hein, an! VIC had
no r;ph, 10 cndeavor destroy them. How is it.
ihen that generally every leading press which
supports tho administration, ioius IN 'ic genera!
crv. against these ias:i;utiJns o.. the Sia.cs!
How is it, If il be Mt th-; Z spirit, hostile - these
institutions, has come - pervade L.: -Alta:nistf-
iion itself.
In nv opinion, ihe.s aic !; ks. "a every grou:i,
dcmani other tsc1 tncn,; an! the interests u inc
country requires tina, they should receive other
treatment. The 90. crnmcnt his used them,
and WHY should it now not on!I desert, but abuse
them? Tha. somo Of the selected Binks have
behaved very unworthy, Is no doaof true. Inc
hest 'behay cr IL not always to be cxpcctcd from
pets. BIT that the Blnks, generally deserved
this unrcs,raincd warfare upon them, at the hanas
Of government, cannot believe. II appears 10
me to be both ungratc.u! aud UNI ISL.
The B,nks. Sir, are nov milking an eE':t,
rh;ch. hone NAV be successful, To resume SPEC
clio payments. The process Ut resumption
works. and mus, work. with severity upon the
country. Yet u,ost earnestly hope the Banks
NAV be able TO accomplish tho object. Bat ia all
this effort, they &c, no aid from government, no
..,rcor from government, not even kind word
from government. They get nothing but de-
ANNEXATION and abuse. They worn alone, and
therefore the attainment OF the end IS the more
difficult They hope TO reach that end, only, or
mainly. by reduction and curiailment. II, BY
these means, pigment III specie can DC resume"
and maintained, the result will prove the exis-
fence Of great so!idity, both Of the Banks, and OF
Tho mercantile classes. The Bank Of England
did not accomplish resumption, by curtailincnt Il
lone. She had tho direct aid of government.
And tho Banks Of the United States, IN 1916, did
mot rclv OH curtain,ent alone. They hid the
aid Of tho then new created Bank OF the United
States and all the countcnencc, assistance, and
friendly support, which the government could
eiyc them Still, ! could not discourage the Ell
forts Of tho Bluixs. ] trust they will succeed,
and shat they will, at the earliest practicable
moment; but it IS, at the same time, my fuil con-
viction, that by another and better course o.
public policy, the government might most ma'c-
riallv assist the Blnks to bring about res mp
,ion: and that by government aid, It might be
brought about with infinitely less OF public ncon-
venioncc, and individual distress.
For an cnsv resumption Of specie payments,
there is mainly wanted n revival OF trust, tho
restoration Of confidence, and a harmonious ac-
tion, between the government and 'no"'sd ,nst'-
buttons Of the country. BIT instead o: Efforts to
inspire trust, and create confidence, we SEQ and
hear nothing, bnt denunciation; instead OF hnr-
monious action, VIC find nothing but unrc'enting
hostility.
Mr. President, you and were in Congress in
1916. during the time Of tho suspension OF spc-
cia paymcnts by the B,nks. What was the spir-
= a The government at that time, Sir? Was IL
hostije. acrimonious, bclligcren, towards the
State institutional Did il look Oh them only to
ffown? Did it touch them only to distress! Did
il put them Ill under the scOurgc! You know,
Sir, it was far otherwise. 1o, know tnat INC
Secretary Of that day entered into friendly cor
with them, and assured them that
"a would second their efforts for resumption, BY
III the means in his power. You know, SIT, that
in fact no did render most csscntia! AID. And do
you sec, sir, any similar effort now? DO YOU be-
bold in the bill before us, any thing OF the
an;rit. or tho policy Of Mr.. Madison, an &C.
casion like the present? Mr.. Madison was a
man Of such subducd scf.cspcct, that he was
willing TO yield to experience and to the opinion
pf this country; a man, too, 81 SO much wisdom
md true patriotism, that nothing was allowed TO
Dsand between him and his clear perception OF the
public good. d. you sec, sir, ANY thing OF this j;
spirit,-of tho wisdom, the mild, and healing and
restoring policy Of Mr.. Madison, in this meas i
nre Another il!ustrous man. now numbered a.
nouc tho do ID, was then with w., and was acting
IN important part in tho councils Of tho c"un-
,ry. Imcan Mr.. Lowndcs; man not deficient
10 force and genius, but still more distinguished
To- that large and comprehensive view Ct things,
whs>h is more necessary to make great men,
md is also much rarcr, that mere positive tai
sn.s,-and Tor an impartial, well balanced jndg- I
nens, which kept him free from prejudice and
.rror, and which gave great aud just influence to
Ia his opinions. Do Won sec, Sir, any thing OF
he spirit, the tcmhcr, the cool judgmen or the
one sighted policy Of Mr.. Lowndes in all that is
,efore us? And Mr. Crawford then at tho head 1
4 the Treasury, arduously strvnctto restore the
finances; to sc-establish both public and private
:rsdit, and 10 place the currency once moro up Il
m it, safe and proper foundation. do you sec,
Cir, the marks Of Mr.. Crawford's hands in the t
measure now presented for our appreciation.
MI. President, have little to say of tho sub
rdnate provisions IF this bill, Of the Receivers
GENERAL, or Of the dangerous power. given to the
Of investing the public money in
tate stock Of his own selection. My opposition :.
0 the bill, is to tho whole Of it. 1t is general
and decided. l oppose all its .,
nds, objects and purposes; l oppose AL its -
,eans, it, inventions and contrivanccs. lam op-
ussd to tho separation Of government and Poo :,
~; aa opposed now and at all times. to an ex. =,
lusivo metallic currency; am opposed to the >
pirit IN which the measures originates, and To .
u and every emanation and cbul!ition Of that T.
piris. -,