The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-10-15

country ~ greater ond greater difficulties
At every step, 80 tina, IN this respect, his
whole course of administration was but a
series Of Inflated experiments, aud Of pro
ects framed IN disregard Of prudence and
J precedent. and bursting 10 rapid succession
The final explosion taking place few months
alter his retirement from office.
I Gen. jackson was not elected with any
desire or expectation, on the part OF any
Of his supporters, that he would interfere
With the currency Of The country. We af
\ firm this, as the truth Of history. II Is IN
I capable Of refu'auon or denial. Il is as
certain as that the American Revolution
was no, undertaken to destroy the rights
/ Of property, or oyef,hro. the obligation OF
morals.
/ But, unhappily, he became involved 10 a
controversy with the then existing Bank Of
the United States. lie manifested desire,
how originating. or Nv whom Inspired, is
imma,erni 70 exercise political influence
over that institution, and to cause that in
s.t'uliou 10 exercise 10 tufu, u political IutiI
ence over the community. Published doc
uments prove this, H. plainly as they prove
any other oct Of his administration. In
this desire he vas resisted, thwaf,cd, aud
finally defeated. But VIA, lie could not
govern, be supposed b. rou.d destroy aud
the event shu1ed that he did not OVERSIZE
his popularity add his power. lie pursued
the bank 10 The death, and achieved has tn.
umph Is the Veto Of 1892. The accus.
toned means OF maintaining a sound and
uniform currency, cor the use oil the whole
country, having been thus tfamped down
and destroyed. recourse was had to these
new modes Of experimental administration,
20 which We have already adyeried, and
which terminated 50 d.sasirnus,y both for
the reputation Of hus administration, and
!ur the Welfare Of the coUntry.
But Gen jackson did not deny his con
slIt1linnal obligations; nor seek to escape
from their force. lie never rrnlesscdy
abandoned all care over tie general cur
rency. HIS whole conduc, shows that be
admitted throu2 hoet, lao duty Of the Gen
erBl Government to MAINTAIN o supervision
over the curfency ofihe country, both metal.
&c and paper, Cor the general good and use of
tho people aud be congratulated both h.m
sell aud the nation, that by tie measures
adopted by him, the currency and the ex.
changes Of The country were placed on bet.
ter footing than they ever bed been under
the operation Of the Bank Of the United
States. THIS confidence ia his own ex
peuments. We know proved mos, lllusory,
Bate the frequency with which he repeated
tins and similar declarations, establishes,
IuconierIably, his own sense OF The duty Of
the Government.
Ia all tho measures Of Gen, jackson up
on the currency, The present Chef mgcis
tfaio is knosn 10 have concurred Like
him, he IVES opposed 10 the Bank Of the
United States: like him, he MAS IN favor Of
the State Opposite Banks and like ban,
be INSISTED, that By the aid Of sueh Banks,
the administration had accomplished ell
tina, could be desired, on the great suhiec,s
OF the currency aud the exchange.
Bot the catastrophe Of May, 1887, pro
duced new crisis, by Overlooking the
last in series Of experiments, and crea
ing an absolute necessity, either Of re.
turning 70 that policy Of the Government
winch Gen Jackson had repud:Icd, or Of
renounclng altogether the constitutional dl-
" whlch It had been tho object Of that
policy TO perform. The latter branch of
the alternative was adopted. Refuge was
souah, "a escape. A duty, up to that mo
mcp, admitted by all, was suddruy dea;et,
and the fearful resolution announced, that
Guyernmaal should hereafter provide for
rs own revenues, aud that for the rest,
the People must take care Of themselves.
Assembled here, to day, and feeling II
common with the whole country the evil
Consequences OF these principles, and these
measures, We utter against them ell, from
first 10 last, our deep and solemn dtsappro
baton and remonstrauce. We condemn
tho early departure Of Gcn, Jackson from
that lne Of palcy which he was expected
to pursue. Wo dep!orc the temper which
led han to his original quarrel with the
Bank. We deplore the headslrong spirit
which nstlgaled hlm 10 pursue that nsutu.
ton 10 It's destruction. We dcpioie the II.
nudity Of some, the ucqnlescouce Of others,
aud the subseryiencv OF ali hts party, which
enabled hlm to carry it's whole uubroken
phaaux to the support Of measures, and the
accomplishment purposes, which we know
to huyr been against the wishes, the re.
rnonStranccs, and the cunscleuccs Of many
Of tho most respectable and Inteihgen,.-
We dcplore his Abandonment Of measures
that had been pursued for forty years; his
rash experiments with great interests; and
the perseverance with which no persisted
IN them, when men OF different Temperament
must have been satisfied Of their uselessness
and impotence.
Bot Gen. Jackson's administration, au.
thorl,v and influence, arc now historical.
They belong To the past, while we have to
do 10 day, with the serious evils, and tho
still more alarming pnrleu's OF the present
We demonstrate, therefore, most earnestly
and emphiucaly, against the policy upon
thls subject Of the presen, administrators
Z, ....t,at nua.pat NJ frnth nI DriDcl.