The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1840-05-08
Tbs Snirtt OF Tte Agf.
FRIDAY MORNING, MAY sub, 1910.
HE POWER or THE PEOPLE,A AGAINST
THE POW Err OF THE BANKS.
SAI.lTATORN.

To give, briefly possible, an e. pos tiOn Of the course III
intends to pursue in the conduct olhs paler,
At the outset the principles which the AGE viii adyo at
shall he defined boldly and distinctly. It's conductors be
Gcyimg that political Scicnce consists of something mor'
than mere - stem Of nra juggling and dc>erous Sigh
~ hand will be fund among those who conccA hc
principles, cloud their meaning and slil their actions Il
suit the teachings OF Policy To worship nj the humble
shrine rRur to in her hre star, and 10 spclR
her teachings irnlrs hut cadidy, will be- his only aim
In conformity To this principle, it may be distinctly IN
dcrsood that the Age, will sustain the present Adminstr ira
tOn and the present. especially the great reform
measure Of the agc, the Independent Treasury Bill Thi,
Plan ufcOrclng, keeping aud discussing the puhlc mos
ryS the necessary antagonist ola National Bank, 81 little
ndcrtooaud much abused, will receive particular at
tcnton In fact there never has been bn one side To this
great questions and it is remarkable, that the opposition
have been able make monster terrible If PROPOSE
ton 50 simple and easily To be- understood and whose nl-
y when stripped ri the misrepresentation and la'chooi
which have been thrown around it, is clear as the sun III
heaven The great principle involved can he placed before
the public in the simple question, shall the Government con
trol its own money! Shall the money which the people
lend the To carry it, bushes be placed III
the Treasury the L. States, subject to the control ri
Congress, hound by tn provisions of the constitution
aud restrained by the power nj luw' ar shall it he placed in
the hands ofan institution Ia he used for Specializing rur-
pose, by is mauGcr,' which Institution under the control
of no power is entirely independent oitovcrmcnl, can rs
in the suspension specie payments SET hcGovrrnncn at
Defiance ,iu,c to refund it, money, make it bankrupt aud
the 81 thr people 10 cypress the people This Is
plain and simple statement olhc prnc lie olihc lndrptr-
dent Treasury plan, the n of Jefferson, the plan nj MaI-
oflackSon and Van Buren,, which panhls Away been
/ onro.cd hy the federal pnrtv
The position i, assumed that the line Of lcmaation be.
tween the two great political parties which have existed
since the formation of our governments has been the best
manner Tor collecting keeping and d,bur,ing the public
moueys,n the federal mart, n,yculN., been l ar OF
aud that the democratic part, hnyruwa> been opposed Ia,
a National Bank. 10 sustain h, position il will be nccc,-
,nry Ia refer To the earlier rt hI,,or, ol or roncdc-
r,,v.
rhc difference Of onuion which existed between mr. lief
Gr.ou n c,l Hamilton il, the convention which n,oprc
nur constitution is we'll lroNu II will not nj thi, late ,n,
Il. ,pi, lint that the latter wished To what he called
"morc pryo,nt character to the Government" than wins
prcrptublc In jefferson mr. Madison and their friends lie
,nI notlnrb lint a bod ,cnn cheek the imprll-
cpcc orlncrucy VIC th,re,rr yocntc,n Senate life
"Tnc rcopc Il, ,ad ,ar, trblcnt and changing, they
,rloninuc ar determine , II, v,, therefore for MAX.
the Government and the npulc weak that the
former should control the lrr while mr. Jclir-on declared
the pcoplr should hc strong and the Government wcak
See ,id col H. "thc cyrccncv OF the british Executive
lie above tcmptn,ou Nothing short OF such am ,ccIyc
IA king cn he efficient" lie therefore advocated pres-
dent for life, These hch monnrrhinl prncplr, col Ham
on underworld To ngrt into the constitution but falling
IN his, h, proccl,,I Immediately upon being amounted
Srcrctur, of the IRE a,lry to it after rnr Eugli, man
ncr by cnNSrnl CrIoN what the members Of the conyon
ton In, refused to u by Law those he called thcuwcak
and unrrnrlc points in the constitutions Murh the prnc
plc anon which he acted
Man" h, saws cun be- governed by one of two motives
alone ropcu or INTEREST" "Forcc" hr sad 4" n hi.
rountr, /, out Of the 9ur, n and the interest therefore ri
the mcnhrrs must hr laid hold Of kp the legislature IN
unison with the .ccutiyrn Acting upon TIA, principle, hi
frs, object wa, 10 secure 10 HIMSELF ia " In congress who
would c,nccr to his vi,w, md carry out his principles,
I'm order To "nv mold Of III, interest ~ the people, h.
procurcd during the two first sessions u congress the pus-
.cc ol nrts funding nj pnr the certificates issued b, the con.
tinrniu Coycrum, md which had been bought M at les,
t,nn one tenth their yplnc 30 complc,l, did he size
rood IN "lp,iuc ,, or the interest of the members" of con.
,r ,,,t mr. I,,;r,un remarked AT that time tina, the