The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-08-28

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Now,sir, " co,pmon honesty, and all sincerity, Do
you nQ difier, ooih as 10 fndameakat principles and
sen"s yohsy much I'm. more widely wllh Mr. Van Ba-l
do, and there Is nothing more dangerous 10 Repu6-
lcan Institutions nothing better calculated 70 pro-
duce decay, and precipilae The ruin OF our happy
institutions, than this daily increasing habit OF re-
erring every question OF principle or Of policy 10
us influence upon the aspirations Of particular
chief and compelling every representative 10 enlist
under his banner. lis actious and corfuping in1u-
ence will insdiously, but surely infuse itself into
the whole body polite, and work It's ultimate des-
lrueiion. The only effort will be 10 mould the
administration Of the Government, as TO promote
the views OF one, and dsappoinl the aspirations Of
necessary 10 provide for The necessities and promote
the prosperity and happiness Of The people. Upon
this subject, quote passage from the "ENauIRY"
OF John Taylor, work which you have SO highly
euogized, and warmly commended, and which
earnestly commend to your most profound medita-
tion de says:
(" A nation which requires lis representatives to be-
come The ayowed advocates accusers Of the primo
minister OF civil religious power, whether he is call
ed Pope or President, has an equal prospec. for
civil and religious liberty Civil and religious preach
ers and reormers marshalled into opposite parties,
all times, the sort OF patriots, Representa-
tlves. limited to The alternative Of enllsling under
Of those parties, to be Of national
| selfgovernmen and dwindes into INSTRUMENT Of
oppression, for the prime minister or his sniagonisi
We see and drspise the wing and tory farce. or the
mere farce Of ms and outs England hold in de-
testation the corruption which ensis the
/ Of rich aud and wise nation under the minister Of
Executive power, or his expected successor; de-
pore the contempt for public character, the spsy
wards public Interest," and tho surrender of the mind
sehshness, which this foolish imposition generates
and vet we insist that our Representatives shall
nee their honesty and independence the shrine
and make themselves knayes in order TO make dupes
The very thing which Mr.. Taylor in this passage
much reprobaies, and regards dangerous, you
practising TO the ui extent for the burden Of
your song is, Mr. Riyes 10 opposed 10 Mr. Van Duren.
This is the Alpha and the Omega Of all your complaint
| against that gentleman.
But, sir. finding that the charge Of opposition to
Mr. Van Boren, would not be suicien, to destroy the
confidence Of the Republican party in Mr. Rises and
secure that object so near 10 your heart the defeat Of
his election to the Senate. and his utter prosration
in The confidence Of the people; the efectually
| compass his destruction you have, disingenuously,
trumped up the charge Of coalition between him aud
Mr. Clay, who is also spectre that hauns your msg
nation day and by night. and more than nsnuated
that MIR. Ryes would glide uto the support Of Ma
| tional Bank, Protective Tariff DC &c. &c Now,
sir, this is all the invention of over jealous and
heated imagination, and destitute Of the slightest fou-
dation in truth. There has been no such coalition and
venture the prediction. that bolii Mr. Van Buren, and
yourself will be supporters Of all these hdeous and ter
Iiiying measures, sooner than Mr. Riyes Mr.. Van
Buren, has made just as many advances towards them
humble apprehension this Sub Treasury scheme would
as inevitably lead to Treasury Bank the most DANCE
rous OF oil National Banks, that the sun will set when
II rises; and cannot for the life of me, drive the idea
out Of my head that there is some such design pre-
senting aud pressing this scheme with SO much srdor
and perseverance, Of this time. In General acksons
first Annual Message, find the following paragraph
Under these circumstances, Speaking Of the dangers
OF the then National Bank and the propriey Of provi-
ding some substitute to perform its fiscal functions if
| 4 al tha6
rauons OF the Government, submit il to the wisdom
OF tho Legislature whether National one founded up-
on the credit OF the government aud its revenues might
not be devised, which would avoid all constitutional
difficulty and at the time, secure all the advan-
tages to the government and country that expect
ed TO result from the present bank" In his second an
nual message find the following paragraph upon the
| same subject
III is thought practicable to organize such bank,
with the necessary officers, branch of the Treasury
Department, based on the public and individual depo
Sites without power to make loans purchase proper
W which shall remit the funds of the Government and
the expenses Of which may be paid If thought advsa-
BILE by allowing its officers sell bills Of exchange to
private individuals at moderate premium. Not being
| corporate body having stockholders, debtors or
properly, and but few officers, it would not be obnox
| ous to the constitutional objections which urged
against the present bank and having no means to ope
rate the hopes fears interests OF large masses OF
4 the community, it would be shorn OF the influence
which makes the bank formidable" &c.
| This scheme which Gen. Jackson with the frankness
OF his character, called National Bank was rejected
by the spontaneous judgment Of the National Legsla-
tnre and the People, and was again pressed by
| Gen. Jackson But sir has it escaped the accuracy
and diligence of your research that there is kindred
sentiment, in Mr. Van Buren's first message, rot so
clearly defined certainly, but substantially the same -
llf 1t has, will turn your attention 10 it. II reads
thus In transferring its funds from place 10 place,
the Government Is on the same footing with the private
citizen. and may resort to the same legal means. IL
may do so through the medium Of bills dra,on By ITSELF
purchased from others and in these operations
may in manner undoubtedly constitutional and legiti-
mate facilitate and ASSIST Exchanges Of Individuals
founded on real transactions 81 trade" Now sir, it
be disguised that the Sub reasury scheme ac
companied with this authority would, in effect be
National Bank IN its true and legitimate sense and
Of most formidable and dangerous character. That
| this whole system would degenerate into great ma
tIonal institution, founded on the Of the Co
vernmenand controlled by the Executive do doubt
and therefore say. that Mr. Van Buren, is a much
more decided advocate OF a National Bank than Mr.
Rves. Mr.. Rives is not, and will be, its advo-
cate in any form-and all your insnuatons the con-
trary are gratuitous and unfounded Mr. Van Buren,
voted for the odous Tariff Bill Of 1928, which Mr.
Rves did not do aud favors more external system OF
Internal improvements than Mr.. Rives does.
But, sir, what the evidences Of coalition be-
tween Mr.. Clay and Mr.. Rives, which has so much
aroused your Republican jealousy, and invoked the out
pourlngs OF your patriotic wrath upon Mr. Rives head
Is ii because Mr. Rves, who, you did thought the
b-Treasury scheme dangerous and antirepnblican
measure, did not withdraw his name in the true spirit
Of sink sum" PATRIOTISM from the late Senatorial
canvass, aud submit to the election Of thorough going
Sub Treasuryito Is it because he did submit to
have wound inflicted upon the Republican institutions
apd prosperity of his country, you being judge to
the demands of party' Is it because the Wings,
agreeing with him IN opinion upon this great and inte
resting question, and admng the PATRIOTISM the firm
md indie O his helm
enough to carry candidate Of their own, preferred him
10 Sub Treasuryite, and therefore willing elect