The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1840-06-05
HEAR THE GID CIl,EFTAIN.

4 committee from each branch Of the Ohio Lc-
gisla,urc addressed an invitation to General Jack
son requesting him to join his Democratic friends in
celebrating the approaching anniversary ofour IN
present to our readers the reply Of the venerable
and venerated Chiciiain Let his words be read
with attention and treasured up among the cOun-
ellis of the good and the wise
HERMITAGE, May II, 1910.
Gentcnen,-.l Ind the honor To receive by due
course Of mail, your aattering communication of
the 18th of FEBRUARY last, enclosing the prcan-
bic and resolution adopted by the Legislature of
Ohio, by which am iayitcd TO unite. with them
und the friends of the State in celebrating the APP
preaching anniversary o! our National indcpcn-
dence.
Answer 10 this communication has been deferred
thus long because of my earnest wish 10 accept il,
should the state of my health have continued such
as to have authorized the hope that | could perform
the Journey But finding that my strength has not
lattcry increased, am constrained to give up the
agreeable wish, and must request You TO convey
to the Legislature and 'he people of Chic my sin
cerc rcarc, that it will not be III my power To wait
upon them in person, and thank them for the very
distinguished honor they have paid me.
shall ever feel a debt Of gratitude to the pro-
PIE of Ohio for the many proofs they have given
he of their respect and confidence aud it Is in
creased by the cordial terms in which their repre-
s,nlatives on this occasion have been pleased To
renew their appreciation oIny conduct whist IN
publ, service In country Ike ours, free and in
iclligen, publ opinion il the great lever by which
the government il held 10 It's proper functions, and
We are authorized from all our experience TO look
TO il as the best guaranty tia, our Institutions viii
be as permanent us they have been hitherto glo-
rious to the cause of popular liberty. 10 he as
surcd that my conduct when subjected, To this en-
allied test, can bear the favorable judgment, express
cd by the Legislature of your State Is therefore m
honor Of! the hghes, kind, aud one oi'whi,h feel
that am Indebted more to their kindness and lih-
crafty tmn To any merit of m, own, save that Of
an honest intention in all my pubic acts 10 pursue
fanressly what thought would condGcc 10 tire IN
icresi Of my country.
II is particularly gratifying TO me, gentlemen,
70 be assured by Your legislature that the grounds
On which rested my opposition TO The cncroacll-
mens of the money power are regarded with Id
yor by the people Of Ohio. The dangers of that
power now more evident because they are brought
closer to the observation and business concerns Of
al classes of our citizens, form in NY Judgment
the only cloud in our political horizon Ia all 9th
CT aspects the influences adverse TO the genius of
our institutions seems 10 have yielded 10 the de-
inands &c the people, aud such doubt not, VIII
be The case v lih those wlcdodby the money pow
or rs soon Us the publlc voice has another oppor-
tudi;y Of acting upon them. All that we have to
do on tli. subject, il 10 perseycre little longer,
maintaining the doctrines Of the constitution aud
the Suggestions Of common sense. We know that
our filters who framed the constitution gave To
Congress 10 power u charter bank, End we can
not err therefore, in saving that if Government
had never departed from their example, we would
have had none Of the evils which now uillict Us IN
consequence OF Bank suspensions, and nn ire
deenable paper currency. We know that il the
Government deposited none Of the money of the
people with Banks, these institutions would have
10 power to endungnr the safety Of the public
Treasury, or TO influence, improp'rly, questions
Of public policy. We know that BANKS DO not
make money but only circulate their paper ennis
sions, which must be good or bad according To
tler capacity 10 redeem them with srerie and
hence that there can be no confidence in them H.
long MS they maintain the right to suspend specie
payments at pleasure.
From such truths II appears to 10 be- self
evidence, that there il now relief for tie people
but in the adoption Of the indcpnhden, Trnasir,
feIOniiHenncH nv VI" pIt>rm Nu'hi4'i'hilhh oi lhc
General Government. By this plan. the financial
operations OF the Treasury viii be simpiiod, aud
the people will have the strongest gnarani, that
the money which it raised i.on them by taxation
will be applied according TO the requirements Of
the constitution II in addition TO this reform in
our financial system, Congress would, at the same
time, piss a general bankrupt law, by viii h the
banis which are now in existence, Einy be- here
after chlrercd by thu States, would he bound To
make M equitable distribution Of their elects TO
their creditors when they rtflse 10 redeem Their
note. with pacie. il canuoi be doubted tn there
would be an end to the evils ef deprecated pa
per currency. These measures being adopted, but
little time would be requisite to enable those bank
ing institutions which are sound. 10 regain the pub
lie confidence and the labor Of thu country. the
Turning, manufacturing and Nechinl. interests
would soon reyive-ihnt credit system whl.h is
Lased on real r., ni,al and vli ia goes hand ia hand