The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1840-05-08

speculation barren and useless produc like rlut on the
gaming table, no accession itself aud is Withdrawn from
commerce and agriculture where il would have produced
addition I" the mass, that il onrThed in citizens hab
It's OF wee ana hcnsS instead oI industry md morality
that II has furnished crctal means of corrupting such
portion Of the legislature ;ns the balance between the
honest voter whichever directed; that this squad
rom deciding the voice 0i the legislature have manifested
th'r disposition To get rid of the limitations imposed by the
constitution IN the General Legislature
the Faith oi which the arctrd that instrument
that the ultimate object Of all this is prepare the WAY
lnr change from the present form ot Government to that
OF Monarchy, OF which the English constitution is Ia he
the model"
Again, mr. Jefferson, in letter To Albert Gallatn in 1903
speaking of cob IIau,il;on's "uAcnlSE,' SAYS;
"From passage in the letter Of the President of the
Bank observe an IDEA o establishing branch bank al
the United States IN New Orlruis. This Institution is one
Of Tie most d,md' hostility existing against the principles
IN" form d" oar constitution. The nation is ut this time,
strong aud united in lis sentiments, TINT he
sh ken nj III moment But srplOsc is oi uunwurd
events should occur, sufficient ing into doubt the rOm.
p''cnr' OF republican government To meet II crisis If
eat dnrgcr or IL mhngc the conic Of the people in
the publ hnctiOnarCs; Institution like tbs pcurtTl-
ting hN lis branches every part n the union, acting by
command and plnuN, in critical moment, upset
the governmental deem government suir which is
der the ySSaugc nj amy sclicnn>ti,Ucd authorities
ether authority than that nt III" na0n or lis rcsulr mc
nnhricS What an obstruction could not this Bank nj the
United states with all lis branch banks, he in time ol war
II might dictate To Us the peace should aCrrpr, with
draw It's aids. Ought then to gyctnrhcr growth tn
institution powerful 81 hostile That il Is 81 hostile,
know-l From knowledge at the prncp piles nj the per-
composing the body Of directors in every bank, prin
cpa branch, and those of most OF the STOCKHOLDERS,
= From their opposition the aud principles Of
the government, aud 10 the election Of those friendly To
them and B. From the sentiments Of the newspapers they
support. Nuw, while strong, il is the greatest duty
we owe to safety of oar constitution Il" bring This pow
cril enemy to perfect slboIdRaon under lis author
tiles"
80 much for mr. u.s. opposition to National Bank, That
he the father of the Independent Treasury plan the fol-
lowing extract from his letter to Galan, IN l-O3 Will
prove, lie SAYS;
'nt, in order IN he able to meet general combination
ri the Banks against Us, in critical emergency, could We
not make beginning towards ~ INDEPENDENT IsE ~
urR uwN MONEY! UPWARDS holding ulr oWn bunk IN NIL The
drro'ltc> where it IL received and letting the Treasurer
give In, dri ur note tur paw mcn NJ particular lHc,
which, well conducted government, ought To have H.
much credit any private dr, nr bank nutc ur bll and
would give lis the sane tU'icN which we derive from
banks ~
The contents of the letter Of mr. Jefferson gen. Wash
ington, in i,92 extract from which In, jus, been given,
communicated to col Hamilton, b. gen Washington,
requesting rcpl, and statement o his views the sub
ic' cob H. replied, bu, his reply WIS suppressed by his
friends, 1t i, said to have embodied his morchicnl views
in h 1t WASH difference Of opinion TN This question that
ra>rd the separation Of these from the cab
met ol Wl,lingtou and it WAS this same question,
which mr. Jefferson uppcrcd the people At the time he
was ,rimphnuty elected to the Presidency The Na-
tionn lank party the days If Jefferson a>,umcd the
name Fc,crst. The opposition party under mr. j., the
name Democrat. Then, to have been f,dcriht
dcrstund, distinctly, to be- in favor Of National Bank
Then to have been Democrat IN be- opposed In MI
tionn Bank. All the people understood -no one can
deny il. The F,dc.alt> gllc IN their nan"-icnticl
their Bank principles with it, and went cut To battle with
the people. Like the hosts Of tie A,slrinn they were
acknowledgements This same line was
draw in the DAYS ol Madison, when Geo. Clinton then
the democratic Vice President Of the nitcd States, in hl>
place rs President Of the Senate gave his casting vote
a,inst the rcclarcr ri the National Bank. The rcchnr
ter of that Bank at that time, the issue between the
two great parties The fcdcrn>t, were lurHrc-charr-
the Democrat. opposed to Mr. Clinton was sustained IN
h vote by all the leading democrats, Daniel d. runpklS'
mr. Wan Irrn. aud Others aud vllcd, and grossly abused
b. the federal purity. This question was "gni" III" "o
between the parties during the presidency nj gen Jack
son. who does huw that after zen. Jackson vetoed
the rccIartcr of the United Safe, bank, and WAS followed
b, the nnutlcmas of the federal party the d>rNt aud de-
seron Of hi, friends, he appealed To the people, aud placed
his reelection the ju>tuc,, and con>nl"mltN of that
veto, aud who does know that the people Sustained hun
b, a rr.clccton by ncclamHtOn'
This sane issue wa, made mp when mr. Van Buren, was
elected 1t i, the issue now The party who support zen
Harrison are in favor of National ankol i'Tlrrnli'm
The party in favor Of mr Van Buren, ARE opposed tot Me
ounl Bank and in favor of mr. jrlIr'on's plal-an lnr
pendent l,c of our own money! Disguise they may
the Federal party, the Federal Republican party, the Ma
tonu Republican party, the Wing party, the Democratic
VIII. party are all the The blood ri old federalism
runs in the vein, Of the present federal party warmly aud
n freely as II did IN the DAYS olco Hamilton And though
may change H. often the snake does his skim
vet il, principles the The stain Of llantonal