The Hawk-eye and Iowa patriot. (Burlington, Iowa) 1839-1843, 1840-03-12

u his position a dozen times, without su
8 cess shall do that friendly act for hin
nave endeavored 10 understand il
: !. q nlovements-but it is difficult TO accoul
-blor his motives. unless they resemble ii
Ipoy $ who gutted his new watch to Sc
now It clicked so merrily.
1 4 few days ago, | saw Gen. D. Gree
~ Baltimore. Sir, said he .Mr Calhoun
by his coalition with Mr. Van Buren,, ha
lost his moral influence, and in my opir
Ion, Gen Harrison will be elected
:. was very much surprised to find sue
opinions in such quarter. Mr. Calhoun
stands fastto his ideal state right opin
ions, while the whole south is cfangin,
around him. He does not perceive tina
the ground is stealing from under hi.
ieet. Since the multiplication of til,
] banking principle grew out of Genera
Jackson's hostility 1.-THE U. S. Bank. the
southern states have been creating banks
!, rail roads. canals, and all those moditica.
ions OF the social system which has Civ.
en- hsew York her ascendency. All the
leading nullifers-Hamilson, M'Duf1ie,
&c. Calhoun excepted--have gone into
these practical systems, and abandoned
theories and i{lealisms. This has already
produced a revolution in the south: for it
Is very evident that every legislature pro-
tects and enlarges their banking systems,
including suspensions and s,oppages in
III any quantity. This principle is in full
activity in The south, and will soon change
lis character entirely. When THIS is fully
matlred. MIR Calhoun will rise from his
pillow some morning and find. 10 his ut
Ter establishment, that he has been left
alone, the last of The cooked hats Of the
south.
ain not afraid Of abolition, either
north or south, ever shaking the country
The debate now going OH in Congress is
all sham and make-belieye on both sides.
a Northern man makes violent abolition
speech for his own district. This is the
truth on both sides.
From every fact, inference and opinion
i can hear or gather, there can be no cues
ton 6ut tie opposition can elect Harris
on . they ariH come TO the polls as then
did IN o37 esat 1888, they hare The
cotes and no mistake, as the returns Of
the last four years will show. The adj
ministnation here are beginning TO get al
armed at the prospect of things. Their
whole sale opposition to the banking sys-t
tenn may agitate that powerful interest,
and it does, that efficient element added
to the otherelements of opposition, may
defeat Van Buren,.
On these and other matters affecting the
future course of parties, have collected
a quantity of very useful facts. When |
return which will be in day or two,
| shall give my views of,he present state
of the country, and the real merits of the
important crisis which is approaching.
It's generally believed that the election
of Harrison would give this country one
of the greatest spurs to enterprise, indus
try and speculation, if you please, that the
world ever saw. Banks on the credit
system are like loco motives and steamers.
Now aud then one of the latter explodes
or burns up, through the carelessness or
ignorance of the engineer, but the world
would not think of abandoning their use
because many accidents occur. So with
banks-so with all the movements of in
dustry and practical civilization.
The opposition victories in 1887 and
'3S were barren and useless. They did
not reach the central powers at Washing
ton, and accordingly these actually polili-
cal revolutions, equal to large majori,ies
each, could. produce no lasting effect on
the monetary condition Of the country.
But if by any degree of agitation, the
same elements can be brought out so as
10 produce similar victory in November
1910, then we will realise a complete
revolution throughout every avenue o..
trade and currency.
We are in the midst Of great. contest
between ideal democracy and practical
democracy. The shallow politicians on
either side ely out democracy, democra-
cy and federalism ..whig and tory No
such thing. Both the parties are demo-
Gratis or republicans the admins
atration democrats want to go back TO the
theories of past times, while the opposi-
ton democrats want to move forward in
all kinds of physical and national luz
proyements. with banks, rail roads, &c.
&c. L his is the whole difference between
the two parties. Mr. Van Buren, reached
power with the aid of banks and the cred.
it systematic will be overwhelmed by
the very element that gave him the first
inpulse-that is, if it understands its po.
sition, and comes out on It's strength.
The very leading measures now before
Congress, the subtreasury, the tariff the
public lands &c. &c. are various modifica-
tons, of the great question of currency
and banking which forms the crisis Of the
age.
TO arrest the movements of the bank
ing system rightly understood, would
be to arrest the progress of civilization
and refinement. We cannot expect that
this movement is 10 be perfectly free from
roeueries, defalcaiions, or explosions; but