The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-02-07
MR. BUCaANAN-THE MEDDLlNG OF
FICEHOLDERS AND TIE BANKS.

FIcEHoLDERs AND TIE BANKS
+ We have before us a letter written by MT. Bu-
chanan, ia answer invitation TO attend the 9Th
of January celebration that took place at Pittsburg
dated the Alb January last. There is not In that
letter single position, in which we do not most
fully concur From it we make the following ex-
tract. Says Mr. b.
"Any political alliance between The Government
and them, (whelher offensive OF defensive, ougnt
more to be dreaded than their open hostility. Lei
The banks be banks merely, and as SUCH enjoy me
protection Of the law; and let the public agents rely
for support solely upon the VIII oil Inc people.
To this we say amen, with all our heart. We
have ever been the opponents Of any alliance be-
tween the Government and the banks whether for
offensive or defensive operations Who, we ask
is it, that has recently made an approach towards a
union OF the Government and the leading money
bank power Of the country The administrator
That, we have done all In our power 10 expose and
oppose. We go for preventing any such alliance.
We advocate the Stale bank deposile system be-
cause it is not susceptible Of any such alliance in
proof of our position, appeal 10 General Jackson
After two years experience Of the practical opera
tons Of the State bank depose system; IN his an
nual Message in December, 1885, General Jackson
said, "sepered from The Government political en-
giass, and not susceptible Of dangerous extension and
combination the State banks will not be tempted nor
will they have the power which we have seen exer-
csed divert the public funds from the legitimate
purposes OF the Government" That Is, not 10 APP
ply the public money to political purposes We go
for legalizing the State bank system and oppose the
proposition made by the President that the Govern
ment shalt be at liberty employ banks at its plea
sure and discretion.
EFT THE PUBLIC AGENTS RELY FOR SUPPORT SOLELY
UPON THE WILL OF THE PEOPLE," says Mr.. Bacha-
nan. This is noble sentiment. 1t is high minded;
il is patriotic. We wish il could be inserted in
letters Of gold on a tablet and placed in the most
conspicuous part Of The Senate Chamber, while the
debate on Mr.. Walls report is going on.
To carry out this sentiment forbid the officers OF
the federal Executive from medding with elections
Permit them 10 vote but MT TO BRING the influence 81
their offices in conflict Nth the freedom Of elections
Thus and thus only, will the public agents be made
TO rely for support solely upon the voluntary, an
bought and aninfueneed oiA Of The people.
We hope to see Mr.. Buchanan employ his giant
intellect in sustaining his own principle; in oppos-
ing the ANTI-REPuBLIcAN doctrines contained in Mr..
Walls report and in advocating The principles of
Jefferson, set forth in his letter 10 Governor MKean,
of Pennsylvania in 1900; that any Interference Of
Federal State officers in elections saoid be deemed
Just cause Of yemoraL We wait TO see Mr.. Buchanan
! arise In the expected debae in the mean time, we
say with him, in which doubt not every true
Republican will unite" Let the pa6tic agents rely
! for support solely the ariA Of the people,"
| We learn that the investigating COMMITTEE are
making important discoveries-such as will make
the Loco foe feel deep renorse that they did not
take the early advice of their quondam friends, the
Conservatives. A.....f
We wish the Committee could discover how
much of the public money, empoy ed BY Swartwout,
went into e pockets of The editor of the Giobe, in
aid of the establishment Of that paper
We wish also they could discover how much of
the proceeds OF this grand defalcation accrued to
the benei Of Martin Van Buren, and went to pro-
mote his election.
| Dare the Globe deny that il received portion OF
this stolen money, or that the Presidents election
was promoted by it . Is not the partaker as bad as
The theft"