The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1840-09-09

ed to them to pay the debt The Bazrks want
money-they donot want property. By winding
up the Banks, and compelling those indebted to
them to pay, they may get possession ofa very
arge part OF the Propesty Of the county; but that
win ruin their debtors without benefttiag- shern
whereas, BY permitting the Banks to continue
their business, property viii retain its value,
and those Indebted to the Banks viii be able to
pay
Is it matter of surprise siiat the people refuse
to vote for an Ndministri don who urge sys-
item of measures which would ruin them If
Mr.. Van Buren, lad common sense, he would
see in the exhibit 5efore US the fullest proof that
his system of measures will not receive the SANE
ton of the people What h;'s,he to do with the
contracts between private individuals and the
banl,sa HE was eIscted President to adminI,ser
the laws What right has ks- to 20 into ts.e
banks and say that they mayor they may ROT
lend moEsy; or that they mayor may not sol-
lect their debtss
But there is'anotheraspect in which the presen
measures Of the administration is dsQblv odens
When General jackson and Amos Kendall be-
gan their war upon he Bank oRtlos U. Stases,
by Withdrawing the deposites, and dsecla ring tie
Bank insolvent, they compelleds that Bank to
curtail It's discounts, and thus Produced pigs
sure in the money market When they mud
transferred the deposises to the local banks Ehe
Secretary ofthe Treasury Issued his order.to
those banks, directing them to lend those dspOs-
Eltes upon the ground that the local banks shsula
supply the currency w5tkdrawn by the Bank Of
+ the UnitedGstates.
Now every body knows that she debts WEIR
due, or the greater pazt were contracted 9nder
the recommendation OF the fiscal agents sEftke
Government In 1884, it was wise in the Banks
TO lend, and wise in the people, 10 borrow. N0aY
this same party, who Srgcd this, Banks tiisnto
lend, anE persuaded the peoa@e to brsroyy,
denounce he banks for lending, and 1vouA rain
| the people who borrowed, and cry corruption!
Ecorruptioal.because the people, who arc doomed
to destruction, do not cry hurra faEAmos Kendall,
Martin Van Buren,, and Frank Blair! Rnt the
people understand the policy 7shich is 10 ruin
them and doubles Mr.. Van Bngen,s TWENTY
FIVE THOUSAND dollars, and doubles Blair
and KeadaIl's seventy thousand dollars,per ans
num- That there maybe no mistake, we quote
Mr.. Tancy's order to tie banks, in which they
are required to lend the money oR.depssit:
son the 9th of October, Nh Taney wrote as
follows. to the deposite banks throughout the
country, commanding them 10 open their vaults
to the. people. This is his emphatic language.
s,The deposites of the public money viii enable
I'D
ciaI and other classes of the community; and
the department asticipates tTor3 yOfa, the adop-
tioS of such course, respecting ae,v acc0p-
nloddtionS, as 11W proUe acceptable to the pso-
pie and safe to The gOcei1anont' ,"
To this we VIII add but one other authority
In his message of 9th DeceKibeH, 1886, Gen.
Jackson says;
seTo retain 4 in the Treasury unemployed in
any way, is inpracticable. 1t is besides against
the genius Of our free institutions to lock up in
vaults the treasure OF the nation. To take
from the psopIe the right of bearing arms, and
put their aSeapone IF defence Ia the i.QaldS of 81
standing emmy, tooVld be scarcely nloTe danger
Gus to their liberties than to permit the gores7l-
n,ent to @eclnlltlGte immense amounts Of tpsa-
saue, beyond the supplies necessary to its hegi-
innate DGnts. Such q treasure aeottld doubt
less be employed at some time, as it has been
IN other countries, anlben opportunity tempted
ambition"
We conclude by asking, what would thep
tizans of Mr.. Van Buren, say of a prominent
wing who would now say what MIR. fancy and
Gen jackson then said? And we would ask,
what confidence can the people place IN party,
who, in so short time, denounce with so
much bitterness, their own doings?