Democratic standard. [volume] (Georgetown, Brown County, Ohio) 1837-1850, 1841-05-04

United States bank was calculated to de
lay the resumption Of specie payments on
the part Of the State banks.
"Mr. Chairman, look to more eff
eient cause for the resumption of specie
payments; ! look to the resolutions of the
State legislatures, to the resolution Of
Congress, requiring the payment Of all
dues to the Government TO BE MADE
IN SPECIE: or the notes of banks paving
specie, after the 2Ith February, 1919, as
the great cause of this resumption, am
disposed 10 ascribe more energy TO the
arm of this government, than TO any mon
eyed institution.
"For one, enter my protest against
the banking system as conducted in this
country; system not to be supported by
any correct principle Of political ecODo-
my. A gross delusiOn-the dream OF
visionary system that done more 10
corrupt the morals of society than any
thing else-which has introduced a
struggle Tor wealth, instead Of the honor
able struggle which governs the action OF
patriot, and makes ambition virtue
which has made the husbandman spurn his
cottage. and Introduced a spirit Of luxury
at variance with the simplicity of our
institutions.
81 call upon the warm advocates Of
banking, now TO surrender their Grrors.-
Shall take them by the hand and lead
them through our cities? Bankruptcy
meets us at every step, ruin stares us ev-
cry where in the face. Shall be told OF
the benefits arising TO commerce from
from the concentration of capital? Away
with the delusion. GFEXPERIENCE
HAS EXPOSED IT'S FALLACY30.-
The, for moment it has operated as
stimulus; but like ardent spirits, it has
produced activity and energy for mo.
meni, relaxation has followed, and the
tOrpor Of death has Cnsued.
"The revenues amount to upwards Of
500, 100000 annually. Require but a
; ourh or fifth part TO be paid in gold or
, silver; what would be the effect2 The
/ merchants would collect the notes Of
i banks and demand specie for them; and
q thus test would be adopted, by means
: Of which to ascertain the sOlvency Of each
). institution. The demand for specie thu:
}, produced would have the beneficial ef
is feet of introducing more of it into the
Al country; for money is like every other ar
10 iicIe, and will find its way TO the marke
where it is most wanting. The system
\. might be enlarged gradually, until you
10 wishes should be consummated.
IT 81 protest against the idea that thu
it Government cannot do without this bank
d We are not dependent on this corpora
o ton. Wretched indeed would be our sit
nation If such was the case"
i, senate, June II, 1882, the bill Il
modit; and continue the act to ihcorpO
:. rate the subscribers to the Bank of th'
United States, was taken up, the ques
:, lion being on It's passage, and yeas an
Z nays being demanded, resulted as follows
. yeas 20, nays 30, Mr.. Tyler voting il
g the negative.
I, PROTECTIVE TARIFF.
In the senate April 10, 1885, at tn
,r close of a very able and argumenta;V
!, speech, which occupied two days in tG'
o delivery, in opposition to the resolution
3 Of Mr.. Clay of Kentucky, for a modifca
+ ton of the tariff, M. Tyler closed witt
/. the following eloquent appeal.
,fI "'In the names Of the great actors o
II former times under the roof of that very
h edihce, [Faneuil Hall, | invoke honora
ir BILE Senators TO pause, long TO pause, ere
" they decide that this grinding system
X shall receive no abatement. lis oppres
st siJn, il that were the only circumstance
+. would be as nothing in comparison wit!
~ the alienation of feeling which it has pro
to duced. What can compensate for the
,e loss Of that affection on the part of ever
n single State in this Union? FIGtter no
or yourselves TINT this is, erclusiuely, &
o South Carolina question. Every State
ID on the other side ofthe Potomac feels a
le like interested in it: nor labor under th'
C. morbid apprehension that to grant relic
n can produce the slightest tendency to dis
Id union. Do you seek to give perpetuity
D. to the union, practice not injustice; for
J as certain as fate itself, they who SOW
Di injustice will reap iAiquity. I-have beer
d reared in a reverental affection for thu
N Union. My imagination has led me Il
/. look into the distant future, and there Il
J. contemplate the greatness Of ires Anne
r rica. have beheld her walking on the
waves oflhe mighty deep, carrying along
, with her tidings Of great joy to distant ma
!, tons. have seen her Overturning thu
!. strong places of despoism, and restoring
!. to man his long lost rights. Wo, wo, be
tide that man who shall SOW the seeds o
. dsunion among us. Better for him haC
he never been born. If he call upon th'
a mountains to hide him..-nay, if he b6ry
;. himself in the very centre of the earth
the indig lation Of mankind will find him
4 out; and blast him with its lightnings."
INTERNAL IMPROVEMENTS By