The Ohio Democrat and Dover advertiser. [volume] (Canal Dover, Ohio) 1839-1840, 1840-05-22

sufy order 10 violation oflaw; and this
act OF loyalty TO him was an invitation
to come forward with the balance of his
schemes Ambition needs no second
call to usurPation. He took them at
the word; and, like the minister of Viii.
liam the Third, presented his plans in
full maturity to the pre- engaged favor
Of legislative servility. And how were
they received With dislrusll How |,
acted upoD2 With deliberalion? No,
But snstched from his hand, and, with |
the impatient trepida,ion of conscious
guilt, hustled and hurried through both
Houses Of congress. Mark the pro-
cess ~ s.
On the 29th of September, Congress-
adjourned i,s first session. On the 4th
Of January, 1890, commenced its Sec
ond; passed the act TO assume by the
Federal Government, the Revolutionary
debt OF the States, on the fourth Of the
ensuing August; on the twelfth of lha:
month, adjourned its second session;
opened i,s third on the sixth Of the fol.
lowing December-passed the act 10
charter the frs. Bank of the United
States, on the 25lh Of February, 1891,
and on third Of the ensuing March, ad-
journed it's third and final session. So
rapid dld The Treasury order, the assump
ton of the debte, and the charter of the
Bank succeeded one another. For,
though it required six years for The min
islers of William the Third to create q
national debt, 10 revolulionlZe The cur
rency-to establish bank in coalition
with the Government, concentrating 10
the hands Of the parties coalesced, all
the elements OF social and political pow =
err; yet, Gen. Hamilton, with this ex-
ample before him, could effect these OBJ.
jects in two. And whyl Because the
British Bank was already made TO his
hand, and he had but TO locate branch
10 this Goveremenl. How, and by wkal
means? In the first place, it was ne
cessary 10 create national debt, and
10 throw that debt into the hands Of ban
kers and stockholders in England. To
this end, therefore, the Secretary Of the
Treasury, still faithful in his affection
for the British form Of Government, pro-
ceeded, through his party 10 Congress
to assume tweniy.one millions OF State
debt, giving 10 the bonds an irredeem-
able quality, which be foresaw would,
as it DID, send thcm for investment tc
The moneY-mstkst Of London. There
they accordingly went; and the Gov
eminent being indebted, and that TO for.
eigneIs, an excuse was furnished fOl
providing the facilities Of payment. How
could it be paid without making this
very debt the basis and body of iis cap
tal s,ock2 No. These were The only
means; The Secretary had 80 declared;
his party IN Congress were ready to acl
upon bis judgement alone; and the thing
was done. Done; SIR. done, wIihin the
first two years oftbe Government-done
by the very same men who, but forty
two days before The Secretary came IN
10 office, had solemnly enacted, lhst all
the revenues should be received in goid
and silDer coin only'-done by men who
were elected with no such view, and
who, in ,ae haste of their obedience to
the Secretary, allowed the people no
opportunity, by re-sleclion to copdemn
or approve the deed.
But why this hurry to found a nation
al debl--to establish bank upon cap
i,al held by Eugllshmen--to empower
it 10 change the currency Of the country
to receive its notes for all the reven-
ue-io deposite the public money in its
vaults--,o confer upon the Secretary
and his party the power. through the a.
gency Of English capital, over the prop.
er,y and labor Of the country; and, in
the end, the power to fix the forms ol
English Government upon this people?
Why this burryl Was 1t because they
spprehended danger to their scheme
from the alarm of the people, If they
were allowed 10 be alarmed Was II
because delay would concentrate the
public affections upon the Government
as II Stood; or was il because age would
give 10 the Constitution, now green snd
tender, ihh, frmness and inAexibility
with which il could not be bent, wllhou
the noise OF a break -changed, without
tho tumu!t Of revoIu,ion2 Was it fnr
these reasons that this succession o.
events was hurried along TO consumma.
ton, in the first two years OF The Gov.
ernment, without one word with The no o.
pie? Let those who stand upon this
floor to-day-ihe faithful followers o
Gen. HamIIton-ihey who on this anc
all occasions put forth their utmost en-.
ergies to prop and defend these his max.
inns, and this his system-let them an.
swer these questions to the country.