Liberty advocate., 1839-10-03

ling servilty, consummated their deg radiation
But thlsepoch ofrhe first triumph ofcorruption
so degrading to American frccmen, and sof
Ten alluded 10 without effect, until its veryB
slderailon has become disgusting. will noH q
be dwelt upon Would TO God, that tbF Aistc
ran $ pen may never record this iliatin
page OF our history, but let the veg orobIivo
forever hide it from posterity/ All hstor,
proves that the moneyed pow has ever beef
considered the most potent er me in the hand
lol tyrants, TO ensave the .opIe. JuIias Cn
sar, when ne marched to .ome, mmedatel,
seized upon the Public Treasury. Genera
jackson when elevated TO the Presidency, i'm
medlately set about,t obtain the control The
whole moneyed est of the country. His
correspondence n the President OF the
united States 4 ak, in which he endeavors
10 ofing that ipf tuition into his inf lcnce, has
already been fprcad before the public; the in
tegrlty of " Bank excited his private pique,
and mertif5d his ambition, and what he could
rot subs re, he resolved to crush. To des.
troy ~ .stituton then, high in the confidence
OF th~ 9opIe, and whose advantages had been
SO & known and appreciated, required new
az ,and the State Banks were coveted with
~ 'lioh iuHuIGSS. anu illuuC SLrulUnt-
y|ay, his Government "Pets. AYE, little did
they think how soon Tyran's tools may feel
his wrath. by using the veto power TO gain
time for his machinery TO influence the elections.
and send him majority in the National Legis.
lature, he trIumphed in the destruction of the
best moneyed Institution in the world. The
Stale Banks thus brought into the confidence of
the Government, and stimulated by the Circu.
lar otthe Secretary of the Treasury, 10 dds.
count freely upon the deposites, that the peo-
pie might be satisfied and nown no longer
restrained by a National Bank, willingly
obeyed the mandate and the declaration of
Gen Jackson, that "he would see that the
State Banks should give better currency, and
better regulate the exchanges of the country.
han National Bank had done," further in.
creased the Bank mania, until Bank was Gre
'ted IN almost every corner the United States.
where man could be found for President, with
'nly the qualification of being a bic 10 write his
'wn name. With The abundance of money. the
'rce oil property, regularly went up; spri,
or the most wild and gambling speculation.
vas engendcred as matter Of course. from
uch state of things. Extensive land compa-
les were formed, Tor specializing In the public
''hN'ti' uid uPoH lhultI reserves; ana as these
ompanles were connected with some one in
over, and having the confidence of the Presi-
ent, their resources, by drawing from the De- |
oslle Banks, were almost unbounded. Thus t
as brot about the abuse ofthe banking system. c
nd the rage for oVertrading, which has brought d
ain and bankruptcy upon thousands, and cor
lpted the public morals. TO the charge ol fla
en. Jackson, and that party which sustained +
i'm, must be placed the cause, and consumma-
on, with all the ruinous conseouences.- e
Ihether Gen. Jackson ever intended to yeri- 6
his promise, with regard to the State Banks, n
I'd make that policy permanent: or whether '
merely intended to use the State institutions I
aid IN overthrowing the Bank ofthe United c
ates, and then drop them-wc leave to casu- d
IS to determine. If he intended the former, \
s after conduct convicts him of imbecility IL
the latter, he is convicted of treachery we It
ave his apoogst TO choose between the horns q
the dilemma. It's enough for our purpose u
know that his famous Specie Circular pre- c
oltated the bursting Of the bubble, which he Il
ID himself blown up, and increased the evil
giving no time for preparation to meet it.
ARlSTlDES.