, 1840-10-10

S~3O4,523,58, being one hundred and thirty
nine thousand, four hundred and iorty-sIx
dollars and ffty.seven cents less than the
amount of specie IN Aeir raultS. A scarcity
of money is thus Grated, not only by with
drawing from circulation the notes OF the
banks, but also by boarding the coin Thai
would otherwise be found in the hands OF
people. And now, when the desired effect
has been partly produced, when prices have
fallen and n pressure is felt, these men, the
very authors of the evil, all boldly cry out,
that the sin should be laid on the President
and his friends. The reduction, in Ohio, they
falsely assert, hps sbeen occasioned by the
acts of a Democratic Legislature. VIII
they tell US what has caused the reduction
in New York and Connecticut, where the
FederaliSts nave been in power OF the last
three years! Will they explain the cause
Of the reduction throughput the entire United
States? VIII they account for this boarding
of specie, by the banks, for which no equiv
alent whatever is put in circulation. No,
icllow-citizens, it is not TO the acts OF a Dem
ocratic Legislature that we must look Tor the
source of the present hard tlmes;-itIs To be
found in the powerful workings OF Il system
OF unregulated banks, and a corrupt alliance
between those institutions and 4 sci OF am
bilious Federal aspirants.
The next feature in the plan OF the Fed
eral leaders to which we desire 10 call your
attention. Is their apparently fixed and u1'
aiterable determination TO disclose no prlnci'
pies, TO propose no measures. pending the
present political campaign. To denounce
the administration in general terms. 10 invent
a thousand charges against it that have nc
foundation in truth, TO repeat, reiterate ano
stick 10 these charges long alter they are
known to lie false. TO affect a zeal and sIncerl
ty that may impose on the unwary and fright
en- the timid. and above all, To comm them
selves 10 no measure or principle OF pubic
policy. Is the distinctive character oi the
present plan OF Federal elec;Ioneering.-
They affirm that the difficulties OF country
are owinu 10 the administration; they pro
claim their own ability 10 remove these dii
ficulties. If the power OF The government bt
confIed To them; they profess an obedienct
profound and sincere 10 the popular voice
and vet thew are unwilling 10 trust the peo
pie with the knowledge OF n. single act by
which they expect 10 produce this result
Is II 10 be effected BY the the creation OF an
! other National Bank! viii 1t be brough
about by the restoration of the deposites Il
the local institutions Of the States! Is II t
be produced by 4 revival of the mIscaIle'
American System. with Its high tariff and un
!, constitutional expenditure? Or has som
new discovery Geen made, IN the science q
politics. known only to the leaders OF tn
Federal party. and reserved only 10 COME
lustre aud glory on 4 Federal adminislratio
To these questions no answer is vouchedsai
4. to the American people by the Federal mana
, gers who profess their ability to set ever.
:. thing ri-ht. They thus stand convicted G
hypocrltically claiming n power they do no
: possess. or OF insulting the country by 4 cor
:. cealmen, of opinions they are bound I
/, promulrate. For we hold il to be esSentI;
To the very existence of the elective irar
4, chisc, that the right OF the people 10 know
the political opinions OF those who aspire
. transact the affairs of the nation. shall be eS
j.. pressly recognized and implicitly Obeyed.-
6 To denv this right. or evade It's obligation,
q to aim adeadly blow at the iundament;
B. maxim on which representative govcrnmer
: rests-thotm maxim Tor which our republican |;
, theirs So sternIy commended. and which, rs the
thought. wasforever firmly established, whe
they laid il down as one essential article {
Il their creed, 'that the agent OF the people
/ bound by the will OF his constituents"
the representative is the servant and not Ii
master of the people. ifhis duty consists
d rejecting their opinions and obeying the
will, any Misrepresentation or concealmen
TO prevent their choice from falling on on
a whose sentiments best accord with the
O own is a direct and dangerous assault upo
the supremacy OF their power. And her
feIlOw-citizens, we beg your attention to Il
:, important fact, that coeval with the nomin
;, ton TO the Presidency Of a man, whose su
port of the black cockade administration
. the elder Adams can no longer he a matt
\ Of serious doubt, the ancient Federal do
trine. SHAT the representative is not to
trammeled by the will Of his constituents
supposed TO have been overthrown and 10
ever put to rest, by the reelection OF NJ
# Jefferson, is again revived, and practical
:. acted upon, by this candidate for the hiShe
70 Office in the gift of the nation. Let Il
- doctrine be once firmly established, and
the example be set, TO serve as a precede
vs. --.l.l..e oloa.ol