Columbus Democrat., 1839-07-27

tody, use, and disbursement, of all public MONIES,
but the very existence OF the general government
would be dependent upoa It's VIII. Al one blow
1t would crush for time the government Of the
Union, or reduce /, BY a digracciul capitulanon to
the most ablcct subSeUlency 10 the government
OF the banks Nor Is It the general government
only and the banks of the State tha, would be
controlled by such an institution. No, all the
money and property, all the pursuits aud industry
OF the people, would be subject 10 the undSpuicd
control Of taS gigantic power The value Of all
the property of every citizen. and the profits Of
his business and labor, the pncc Of the very gar
ments that we're wop and the bread that was
consumed IN every mansion, wsuld be changed
and regulated at pleasure by such an institution.
Possessed Of the sole power and prcrogatIyo Of
manufacturing at pleasure national currency,
clothed with the sovereign attribute of making
the only paper money receivable Tor public dues,
controlling and regulating all the State banks,
and all the vast Incorporated monied capital OF
the country. aud with the custody, use, and dis.
burSement Of the public monies, who does not
know, that by large emissions and bonndcss
loans OF It's paper at one tune, and as sudden con
fractions and cuftallmenlS at another, Il could
hold suffering people as completely within ITS
grasp, as is the expiring victim whiting IN ms
last agonles within the merclless crushing en-.
braces OF Boa Constructor. Ii a particular sec
ton Of the Union or branch of industry became
obnoxious to this mighty power it could eubar-
tass or crush them at pleasure. Aud who would
control this gigantic corporation Not the peo-
Pile or their representatives., for II IS bank ere
ated TO endure for generation, placed above and
beyond the people by an lrrevocabc charter,
choosing annually its own officers, by the votes
only of ITS stockholders, far removed from any
control, but that of It's own sovereign and despot-
Ic will and power. And not only should we ask
by whom is this great corporation to be control
led, but where is It be located Is 1t 10 the south,
| or southwest Is at St. Louis OF LoutSvllle--at
| Nashville or Nachez-at New Orleans or Mo
| bile--nt Charleston or Richmond, that il is pro
| posed TO locate this great institution! No. but
in the midst Of brokers and Spectators the
bankers and stockholders Of Wall ST., n. York;
and not vote south of Maryland can be obtain
ed for any southern or southwestern location.
And why Is this Is il struggle for a moned
as well as pSl'c0l power, a struggle to fix and
to change al pleasure The value of all our proper.
'y and labor, and of their products, 10 regulate
and control the banks and commerce Of the whole
county, and by the substitution Of bales of ma.
llonaI bank paper, IN place OF cotton baies, and
by the creation thus Of eXchangcnbe values
throughout the Union IN place Of exports, TO d,.
vert our trade from its natural channels, and con.
solldae the whole at the point where the gleat
northern monopoly shall reign it It's marble pa
lace supreme and triumphant Is the south less
intelligent than the nouh that from the organlza
ton OF the government we ever have been and
now are considered by our northern brethren III.
competent 10 manage a great National Bank
am opposed TO National Bank at any point, but
If created at all il ought TO be at the point where
are the exports Of the country aud where the
imports ought TO be were we not deprived OF
them by the unjust Interference Of the national
legislature by creating and substituting IN the bu
Slness and trade Of the country, other exchange,
bic values in the shape Of bank paper. The nor.
thern democracy desire TO subject their southern
brethren TO no such oppression. They arc, as
Mr.. Jefferson declared, 1.-THE natural allies OF the
south; !" they are for equal rights; they are OPP
posed to banks and tariffs and al other monopo
hes, and headed by that patriot statesman, Martin
Van Buren,, in his noble casting vote against Mr.
Clay IN the Senate in 1896, IN favor Of Nlr Cal
bouns bill for suppressing the distribution of IN
cendlary abolition documents through the mail,
and by his still more glorious inaugural pledge
against these fanatics, had rampeed abolition
beneath the feet Of grateful people. Nor have
any admiration on this subject for the conduct
oil Mr. Clay, whose votes and opinions upon this
question had always heretofore been tcmporizng
or against US, but who came in at the eleventh
hour, late at the last session, and performed what
is now hailed by his advocates as n great exploit,
IN stripping the poisonous skin from the p1triy
ing corpse Of the dead monster, and nourlsblng it
in presidential triumph over our heads in the Sc
nate chamber, as the proud trophy Of a noble and
glorious achievement. The conversion Of Mr.
Clay in the Senate, succeeded few days that Of
his friend John Quincy Adams, in the House,
and failed torestore either of those gentlemen to
my confidence on this question.
My sentiments on the Bank question, cores
pond with those heretofore expressed by Thomas
Jefferson, in his letter Of the 18th Dec. 1903, TO
Mr. GaIlatin, as published by his grandson, in The
4th vol. Of his works, page II, in which this g'eat
apostle Of American liberty declares
This institution "a Bank Of the I. States is |
one Of the most deadly hostility existing, against
the principles and form Of our constitution. The
nation is, at this time, so strong and united in lis
sentiments, that it cannot be shaken al this mo-
ment But suppose series of untownrd events |
should occur, sufficient TO bring into doubt the |
competency Of republican government to meet
a crisis Of great danger, OF to unbinge he conf
dence Of the people in the public iunctlonanes
an institution like this, penetrating by It's branches
every part of the Union, acting by command and
in phalanx, may. in critical moment, upset the |
government. | deem no government safe which |
is under the yassaage Of any sel(.consiluted au.
thortles, or any other authority than that Of the
nation, or its regular functlonares. What an OBJ |
struction could not this bank Of tho United States |