The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-11-16
THE WAR UPON THE BANK.

II is singular fact and one that should not be over
looked, that in the strong Loco.foco States Of Penn
sylvana and Ohio, the Banks hare suspended specie
payments while in tho States Of New York. Connecti-
cut and Massachusetts where the opponents OF Mr..
Van Buren, have the ascendancy the Banks continue 10
nan spccic for their bills Where the Van Buren,
have the control of the State Governments the people
are blessed with an rredeemable rag money currency
OF the worst descrp,ion-bnt where the Of Van
Burensm has not had controlling influence, the Peo-
Pile have the best currency in the world, paper medi-
u any moment convertible into specie and IN every
essential particular better than specie.
In the great States Of Pennsylv ania and Ohio the
Loco focos have now excellent opportunity Of carry
ing out their principles and destroying all the Banks,
together with that abominabe eye-sore paper money
as that party have very large majority IN the Legisa.
lures of both OF these States and also the subject Of
the Banks and their recent will soon come be-
fore these cise Legislators in their official capacity We
have no idea however, that they will do so. Their
camor against the banks has been merely the hypocrt
cal cant Of demagogues. Now that they have the
po,cer to work the mischief they promised we doubt
not feeling of sepreservation will restrain the hand
Of Van Buren, agraranlsm from doing what 1t has pro-
fessed itself anxious do This has been the conduct
of the Van Buren, party wherever they have had the
power and have shown their hands, and 1t remains to
be seen whether the course will not be taken in
Pennsylvania and Ohio.
This course OF conduct results from the fact that they
have not vet acquired the degree of hardwood necessa
nv TO do 6oly and with strong hand, what they are
constantly endeavorng to accomplish by hypocntlcal
attempts to excite the prcudices Of the ignorant, and
by base misrepre sensations Of our Banking system
They dare not hold open day, upon the credit
of the country and establish upon their RUNS
the much lauded exclusive metallic currcncy-but,
like the midnight incendiary who spreads desoa.,on
with his secret lorch they endeavor to corrupt and pol
son the public mind in relation to those institutions by
constantly scattering the most malignant insinuatons
their character honesty and safety and thus
accomplish secretly and indirectly what they have not
| the courage to do openly and boldly.
To prove conclusively that the above remarks are
true, and that the camorous appeals Of the friends Of
this administration ia favcr Of hard money Gopcrn
ent are unmeanng and hypocritical, II need only be
stated that Martin Van Buren, himself the great head OF
this HARD MONEY PARTY, sustains the CREDIT OF his
administration by the issue Of Treasury Post Nodes
that the New York city government, under the entire
control Of simon pure Loco ocos pays It's liabilities by
he issue Of corporations bonds payable one year after
dafc-and that the Pennsylvania United States Bank,
which was chartered by Loco.foco Legislature, and is
now in alliance with the Locofoco General Govern
ment has sustained itself for the last two years by the
| issue of Post Notes. and has now SUSPENDED SPECIE
PAyMsSrs This is the way that the Van Bnren party
establish the hard money system-thls IS the currency
given to the People by the cIcinsirs metallic politi-
cal quscks. What say the people 10 it-Pafriot aud
i Dgu0craf.