The Ohio Democrat and Dover advertiser. [volume] (Canal Dover, Ohio) 1839-1840, 1840-05-22
question Of REM wing The chatter:

at last, all power is Tesolvable into that
Of the purse; for with it you may COM
mand almost every thing else. The
specie circulation Of the United States
is estimated by some cslculalors at len
millions of dollars; and if it be no more
one moie,y is in The vaults OF this bank.
May not the time arrive, when the con-
6 son,Taclion ofsuch vast portion Of the
circulating medium Of the country in the
hands Of the corporation, will be dam
gerous to our libertiesl BY body who,
in derogation ofihe grea. princlp!e Of all
our Institutions responsibility 10 Ahe
peoPle-is amenable only TO few stock.
holders, aud these chiefly foreigners.
Suppose an attempt 10 subvert this Co
Vernment, would not the traitor first aim,
by force or corruption. to acquire the
treasure Ofths companyl Look q, it in
another aspect. Seven>tenlhs of its ca
ptal are in the hands Of foreigners chief
ly English subjects. We are possibly
upon the eve OF a rupture with that Ha-
tlor. Should such an event occur, do
yoUapprehend that the English Premier
would experience any difficulty in OBJ
taining the entire control Of this insti>
tudonl Republics, above all other ma
tions, ought most studiousy to guard
against foreign influence. All history
proves that The internal dissensIons, ex-
cited by foreign intrigue, have produced
The downfall Of almost every free Gov
ernment that has hitherto existed; and
Vel gentlemen contend lha, we are BEN
Gifted by the possession Of this foreign
capital! five could have it's use with-
ouI it's attending abuse, should be graft
fed also. Bul 1t is in vain 10 expect the
one without the other. Wealth is pow.
,r; and under whatsoever form its ex-
sis, lie p0Oprietor, wherever he lives
on lhIs or The otter side Of the Atlantic,
will have a propor!ionete influence. II
is argued that our possession OF the En-
glIsh capital, gives US certain influence
over the British Government. If this
reasoning be sound, we had better revoke
the InterdlcllOn as 10 aliens holding land,
and invite foreigners to engross the
whole property, real and personal, of the
county. We had better al ionce ex'
change The condition Of independent pro
prieiors for that OF stewade. We should
then be asle to govern foreign nations
according 10 the arguments Of gentle
men on the other side. But lei US pu
aside this theory, and appeal 10 the de-
cisions of experience. 20 10 the other
side of The Atlantic and see what has
been achieved for us there by English
men, holding seven ienlhs oflbe capita
Of this bank. Has II released from gal
ling and ignominous bondage one SOL
I,ary American seamen, bleeding under
British oppression? Did ii prevent
The unmaDIy attack apon the Chesa-
peske2 Did it arrest the promulga,ion,
or has it abrogaled the orders in coun-
cIl-those orders which have given
birth TO a new era in commerce? In
spite Of all its buasled effect, are moi
he two nations brought 10 the very
brink Of war? Are we quite sure that,
on this side of The water, it has had nc
effect favorable TO British interests2 1t
has often been stated, and although
do not know that il is susceptible ol
strict proof. believe il TO be q fact,
that this bank exercised its influence
IN support Of jays treaty; and may il
mol have contributed 10 blunt the pub
tic sentiment, or paralyze the efforts ol
this natiO1 against British aggression :
"The Duke of Northumberland is
said TO be the most considerable stock
holder in the Bank of the U. S. A late
lord chancellor Of England, besides
other noblemen, was large stockhol.
der. Suppose The Prince Of Essl,ng,lh
Duke of Cndore, and other French
dignilaries, owned seven eigh,hs OF the
capital Of this bank, should we witness
the same exerlions allude not To any
made in the Senate ITO recharter ii So
far from it, would not the danger o.
French IuhueDce be resounded through
out the nationl
"l shall give my most hearty assent
to the motion for striking out the frst
section Of the Bill"
Seven tenibs Of lie capital stock ow.
ned by Englishmen, and they living al
home-by men Of whom many were, al
The time, lords and officers of the Brit.
isb Governmeni-by men connected in
interest with the English Bank, and b,
principles, manners, and affections, with
every thing English, with nothing Ame
lean. Well, therefore, when he saw
the Bank of the U, States thus owned
by EuglishmeD, thus established among
US by parry here, openly declaring
their want of confidence in the people
their attachment 10 the British forms o