The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-10-16

thrown out from certain quarter, 10 force
them into HE measure.
We presume ere long, that this q. States
Bank OF Pennsylvania will come out with a
full and fair statement of its condition. and Of
all the causes that may have combined TO lead
TO the present disastrous step, by which so
many others have been drawn into the vortex.
II II has been accustomed by the destructive
and wicked policy pursued by the minions Of
the Executive against the credit system of the
country, let the Bank come out and boldly
ayow the fact, In the mean time, how bitterly
must that institution feel the daily assaults Of
Destruetiues. il was part and parcel Of the
policy of the Administration to abuse it, through
its organs, while the President and part Of his
cabinet were secretly wooing il TO their fatal
embrace. After Mr. Biddle had told the
public in SO many words, that all the hostili-
ties so long eristiag bet,oeen The Government
and the Bank had been happily adjusted, it is
cruel in the Globe to denounce it in such I'M
measured terms. Et tn Brute But it is
the way of the Destructives. Whenever
public officers cease 10 do their bidding, or
corporations to be useful, they commence q
system Of ungraterul persecution.
! The events of the last session Of Congress
cannot have escaped the notice Of the public.
The celebrated call Of Mr. Rives on the
Treasury Department for information respect
ing its fiscal arrangements with the Bank of
the United States, must be fresh in the me-
mory of our readers, as well as the develop
ments that took place so astounding to several
Of the more orthodox Of the Destructive party.
Mr.. Rives, on that occasion, warned the
country in his usual happy and eloquent style
against the danger Of National Bank Great
ed by the fiat Of the Executive, without guard
or security against abuse, without committees
of Congress to examine into, and report upon
its proceedings secrets Of its prison
house open to no eyes but its own, and its
relations with its political patron and ally
screened from all knowledge, but that Of the
high contracting parties themselves, would
as he justly observed, be the very personif-
cation Of concentrated moneyed power
so dangerous to the liberties of the people.
The great object Mr. Rives had in view, was
to expose to his countrymen the rank hypo-
crisy ofthe party with which he had hitherto
acted, and if possible arrest an illegal con-
nection between the government and that
bank al come forward, (said Mr.. r. and
as was done on the occasion of a memorable
coalition in another country, forbid the
bans % secret connection however had
taken place as appeared in answer to the call,
in which the Secretary Of War was made to
usurp the place Of the Secretary of the Trea-
sury and become the contracting party with
Biddle under the sanction of President Van
Buren,, unknown to most Of his political
friends. The scorching rebuke Of Mr.. Rives
induced Mr.. Buchanan to tell him il he could
show any connection between the Bank and
the administration, that he (Buchanan) would
go with him in denouncing it. Mr.. Wright,
too, said in reply to Mr. r. that he had acc-
dentally heard that the Secretary of the Trea-
sury had sold one of the bonds OF the Bank in
compliance with law but if the connection
had gone further, it was beyond his know
ledge, and should be Without his appreciation.
Well! Buchanan yet remains the advocate of
the cause Of the Destructives, and Silas
Wright still gives his unqualified appreciation
to every measure Of his political patron, and
like him denounces all the moneyed ins,itu-
tons of the States, as corrupt, profigate and
worthless.
We should not have adverted to these things
at the present juncture, were it not 10 show
the depravity, meanness and base ingratitude
of the party in power. They first denounce
all banks, and particularly that of the U. s.
Bank Of Pennsylvania as the same monster,
with the same abilities, and increased privi-
leges to work i'll, and then secretly ,ooo ii,
and after using it so long as it could be made
serviceable, like heartless lbertines turn and
contemn it. Let all the other institutions
that have, in an evil hour, without the sane
ton of law, submitted to the embrace of the
Destructives, cut the nnexion as quick as
possible, or sooner or later they will be in
volved in the same ruin that is about to over
take those workers of iniquity
The Globe of Saturday last says:
| owe have the best authority for saying, that The
Bank not only had authority TO dratr on Horr,N.
GEUR, but that ne had expressly pratten 10 them saviag
he eoid mt accept their bks-Mat The receipt Of tbs
letter had been acknowledged by the Bank and that The
bills had been drawn pitaout any eGplanatio,"
In reply to this, we have the following