Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1840-02-21
IFor the Jefersonian Republican,

IFor the Jefersonan Republican,
Mr.. NUGENT Sir, As a positive proof that
the United States Bank afforded safe place Of
deposit for the public moneys of the nallon,
ask the eagle eye of Fanny Wright democracy
to discover to me the defalcations and elOpe-
ments that took place during the time the mo-
ney of the Republic was lodged in its vaults.
Was such thing as " Swartwouting" with
millions Of the public money, ever known. No.
So long as remained mistaken the place of safe
Keeping, created by our venerable ancestors,
and the frmest "Jeffersonian Democrats" Of
the age, in vain, the fawning sycophants and
merceuary hirelings of rapacious and reckless
experimenting administration attemptedthe pub
lie robbery, in which they are now so success
ful. The public money must first be removed
before such frauds & could be practiced, no SOON
er was that done, than elopements and defalca-
tions were waited On every breeze; the public
treasury becomes accessible TO band of office
holders, and each one grabs as much as Possi-
ble-cuts Dirt and as he flies, exclaims, ''to the
victor belongs the spoils." Such meT as these,
who would thus rob their country. would steal
the last penny from the fatherless; rob the wild
ow of her bread, and blot the sun Of Liberty
from the political Universe, and in the dark
ness of the despotism they would thus create,
wolf-hke. howl Republicanism out Of our land.
and gag OF guliotine every patriot that dare
murmur resentment against the oppressive acts
of this prowling band.
ask any man to point me to the page of his
tory, either ancient or modern, thar describes
the prosperity of any natOn with parallel TO
the prosperity of these United States, after the
establishment of the U. s. Bank, until her de-
structlon by the hand of executive power Show
me a country that had better currency, or a
sounder currency than our own every fiscal
operation of government was performed with
the greatest ease-manufactures and agricul-
ture thrlvlng-our commerce second to no ma
tlon's on the globe, and in the enjoyment of
peace and plenty, our citizens dreamed not of
the sudden reverse they would soon be called
to meet. The foundation OF our civil polity
stood firm. But what constitution, however
firm, can stand the effects of experiments"
man in perfect health would be fool to take.
at the hazard of his existence, or ruin of his
constitution, the nostrums and compounds of
a quaek, who merely wished to test the effect of
his medicines. Still more infatuated would be
man, who, after trying one dose, and finding his
nature fast sinking under its effects, would fol-
low up the same dreadful experiment" till
destruction, without remedy, stared him in the
face. None of my readers would do this; and
would hope that none Of them are acting such
a suicidal part in governmental point of view
Thus far the Sub-tfeasury " Experiment" has
carried desoatOn In its train. By the adoptiop
OF that policy, commerce received blow it has
not yet recovered; arrangement and G. u,n,n
lon IN every department of industrr 80. ',l' hnno
and is still the order of the d. >, al 49, I;,I1
longer continuation of the san,a nnI;o', In
ca,,7, cs 80, ".'iou' -dy, to oar door. Is this
ancy' or IS 1t fact! Are these the false appre.
et G"S"s u .. .edulous enthusiast; or are thew
,ooel' SuoS .dntial and undeniable facts Do
you w" u 1t Let the unnumbered multitudes.
" I'd out to pine in penuFy and want, testify.
Let the thousands Of wealthy and successful
merchants, crushed and ruiRed at one blow, bear
witness: and few there are who can boast ex-
emption from the general calamity, except the
men VINO iaitened upon the surplus revenue and
Piunder OF the public treasury !; office holders,
mean, and leg treasurers, who raised their
own fortunes from the ruins Of their SUFFERING
constituents
Now, what did the u S. Bank do for our
1atlon under lis original charter? 1t brought
unparalleled prosperity to our land. What has
is destruction, and the sub-treasury substitution
lone Where is the =" Gold and Silver" cur-
enoy, and those precious little yellow pieces.
hat Benton called "mint drops I" Alas
tom Benton brought sprinkle
Long time ago.
And now all the go is sub-treasury shin-plas-
erS> What will be the state of affairs in sue