The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1840-10-23
From the Washington Globe.
ASSUMPTION Of the State Debts;


There is scarcely single desperate scheme ex-
poded by the people, that Harrison, it elected is
not determined to revive. Look to his ayowed po-
LEV: the schemes which his leading friends pro-
claim-a National Bank, protective tariff, loose
construction of the constitution, tampcrins WIN
Abolition military education for all the youth oil
the country Look at his leading friends and sup
porters thcmselve survivor of the Hartford
Conven,ion. Webster in Massachusetts, Hazard in
Rhode Island, the IIamiltons and Kings in New
York, Watkins Leigh in Virginia, Burnet in Ohio
wherever an advocate of the doctrines OF 9S sur
wives, he is sure to be a supporter OF Harrison;
wherever there is man who was bitter opponent
of the war of 1872 he is sure to be ga straght-oui
Uarrisonian 20 any further proof of llarrlson's
opposition to the cardinal principles oil Republican
ism needed IL is, it will be found in the evil
dent desire to re-establish a national debt.
The aristocra;ic assertion that "a national debt
il national blessing" has passed into proverb
OF all Uamilton's bold and daring attempts to per-
vert the Constitution, and eradicate from it every
Republican feature, the creation Of vast national
funded debt was the leading primary, and iavorlto
one. II was the great batiering-ram against Re
pubcanism. 1t was planted by Hamilton IN the
congcnal soil of speculation and 'credit system
1t was nurtured by an alliance OF British bankers
and stock iobbers, with American monarchlsts and
haters Of Democracy. 1t was the object OF con-
slant and unceasng attack on the part OF the Re-
pubcans, from the day il was established TIL the
day when it was finally overthrown. Through all
The arts and wiles of its advocates-through good
times and bad tmes-through war and through
peace-the majority of the American peope-tht
pure. honest, interrupted majorty-those who live
by their labor, and not by the "credlt system,
were resolved that this abomnable system should
be Frustrated. And Frustrated II has been--a Ma
.iona Bank and national debt have both seer
their day. Their overthrow was reserved to be the
last and greatest benefit conferred upon the coun-
try during the administration Of the stern and un-
bending Jackson
But the schemes Of aristocracy and avarice new.
or die. They may be Frustrated, but are still vi
tal. Ambition, corruption, and contempt OF The
neope. are passions and motives too selfish and too
fierce to be extinguished They are again awake
thew hope for a new ascendency by the election o
Harrison; they chucke at the notion that their da,
of triumph ia once more at hand; they are agalI
preparing the shackes with which they strove once
before TO bind the energies Of Democracy they arr
demonstrating the same potent energleswA ma
TIONAL BANK FOUNDED ON A NATIONAL
DEBT. They announce in advance that Nichola
Biddle-the Hamilton of these days, but alas! how
feeble an imjtator-is to be the Secretary Of th
Treasury; and the acknowledged organs Of Az
ISOLATED Wealth HERE and OF the BklT
ISL BANKERS in London, unite in proclalmlni
the necessity of CREATING A NATlONAi
DEBT OF THREE HUNDRED MILLIONS vi
DOLLARS, by assuming the debts the States hav
incurred in constructing their own internal improve
ments.
In in the month Of October. 1899, the Nationa
In,elligencer breaches this magnificent schspe o
,rruption by announcing that "distrust hasfeach
eteour State engagements, and the bonds OF som
Of ZEN are down at very low price" and it thel
maxi this pregnant in,imation Of the plan tina
feae.ism had already concocted: "Would it no
be Nv? provision il Congress were to set asid
certain counts Of the public lands for their ulti