The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-10-12

opinions Who removed Duane 2 Who removed
the deposi,es Upon what groundsl Who have
since been appointed on that Supreme benchl How
manyl BY whom 1-count-wait.
What it, for these reasons the bidders for stock be
few7 The Government may take another third, we
are told, y the bill. Then the Government would
hold too much stock. | could not vote for the Gene
raj Government to hold twothirds Of the stock.
believe in the following resolution - See Register OF
Debates vol. l4th, part !, page 1861
oMr. Bell (the present Secretary of War; then laid
on the table the following, to be submitted as an
amendment Ito the resolution declaring il was mex
pedient TO establish National Bank in 1872
"And that the adoption Of the plan recommended
by the President for the col lection and disbursement
OF the public through the agency Of sub TIea
surers, by means of which the public moneys would
be under the unchecked control Of officers holding
their places at the will of the Executive and often his
mere creatures and dependents, the estabiishme nt
Of National Bank, or any fiscal system in the ma
ture Of a bank. FOUNDED UPON THE CREDIT AND REV
ESuEs or THE GOVERNMENT, ieouid be inconsistent
Nth the spirit Of free Constitution, and dangerous
10 The liberties IF The country"
What if all the private stock should be taken, and
the Bank should 60 into operation in the midst OF ag
tatonl What would be the consequencesl Eather
that il would, If warred upon by the Government or
strong party, by king one OF king many-king one
say for the present pure and patriotic President can
not last throughout three lifemes, twenty years,
until This charter xpires-be like and-terrapin,
when touched, contract all its feet and head in its
shell do no business issue not and discount not at
all, and become wholly inefficient and inert TO lie in
the way of the wheels of power TO be crushed
would be compelled to unite with power, unite its
money capital with political capital, war with both,
and be in either ofcorrupl on to ITSELF the
Government, and the whole country This we know
would be its fate, from the experience of the past
And therefore wait awhile upon the people My consti
tuens are as united on this question district can
be What, may not, then, act on their will alone
may But before vote for Bank charter must
be sure that they get blessing and not And
must have decided majority of the whole nation
concurring with them before can be sure of that.
cannot commit their interests to any doubtful issues
this question. The Bank must be permanently
founded to be disturbed by popular revulsons and
party passions We cannot abide that uncertain and
its awful storms. When the Bank may commence
its career in peace and in confdencewhen the people
in their sovereign power have decided that it may and
shall exist undsturbed then will gladly venture
its existence and not until then again
But we told that the people have already decided
this that it settled by overwhelming majority
in the last elections. do not think There
many issues in that election, that it is difficult TO
say what decided. There different is
sues at different places Every thing involved
in fact in that election 1t rather embraced, should
say, fundamental questions Of administrative policy.
Everywhere, when ] addressed the people, | urged
upon them that banks tariffs, public lands, and all
mere issues of policy construction, sunk into in
plies involved in that struggle for reform They were
told everywhere that honesty economy, public
rirte, and official integrity and purity, were above
all banks or other questions ofhat sort And II call
ed to say what decided my answer would be,
" he people felt and convinced that they were
misgoverned and their power abused that defalcaon
had become too common corruption too much the
order of the day; that economy and honesty were
wanting an that the leading of the then Ad-
ministraton--the sub TIeasury--was dangerous and
md ehn hn cd hat dat
mined upon change of servants, and to allow ano-
Their set of to try to reform abuses and right the
ship of Stateto try in their own way, and to be re-
sponsible for their acts" This was what dec
ded. And upon the party which the people brought
into power have commentary to make. Its motto
was, Iippecanoe aud Tyler too. A friend remarked
to me the other day. that this motto proves there il
truth in poetry" 1t is the text to preach from; de-
scrbes the rationale of success in the election; il
gives the stipulation of the bond of union among the
Wings; il indicates what their differences and
compromises and lastly what should be their course
if they would be wise and remain strong in place and
in the confidence of the people.
Let discuss the terms of this text: "Iippecanoe
This term the sign and representative OF class
of politicians 1t is true that it stood for the name OF
Gen. Harrison. He originally had been Jeffersonan
Republican, and certainly in 1922 had expressly de-
MED the consttutonality Of Bank of the United
States. But Afterwards ke became united with what
thought to be the Federal latitudnaran party,
in 1928 And he the very first of that party,
to John Quincy Adams, whom General Jackson turn
ed of Office by recalling him from foreign mis-
sion. He thus became identified with the discarded
coalition Of that date. He never, far as knew,
avowed any change in his opinion to the constitu-
tionaity the Bank True, he did say that he would
sign charter whenever, ifit made apparent it
was necessary and proper. So Mr.. Jefferson himself
said before him. But neither said, fan as
heard that he did think it necessary and proper and
that he would accordingly give it his sanction. But
still, however doubtful clear may have been his
opinions, known or unknown, this point, It is not
to be disgui that in him fixed the hopes of
those in the Wing party who had been known the
National Republicans Of 1923. /" Iippecanoe," then
was not only another name for General HARRISON but
1t was the sign" and watchword in this motto of that
portion of the Wings who had been but shortly before
known as the Nationals
The Nationals in 1888 h ad dropped their name
Another would "smell as sweet" This they did be-
Modification, in 1912 and the removal Of
the depostes in 1888 had driven off from the Jackson
party large portion of Republicans with whom they
wished TO unite, The Jackson party had appropriated
the name of Democrat; the retreatIns Republicans of
1883 would not endure the name OF Nationals, the
Nationals were glad enough To drop which had
lost lis odor and the Opposition, composed then of the
Two latter parties, united IN common upon the
name Wing.
This UNION not at first complete. There was
from the beginning mutual Jealousy and dlstust
They could no more mix than g oil and vinegar
They ught in 1886 in different squads: the Repub-
ican Wing, under the banner 81 tnat nomen utnerd-
bile that American Cato, and civilian and statesman
Hugh l.. Whit the National Wings under that
ilusrlous soldier, William Henry Harrison: and they
defeated. Defeat taught them that be strong
they must be Undivided. Ana new accession ut
strength coming in daily auxiaries, under the
name OF Conservatves-a party driven 'ut by those
whom they called The Locoioco Destfuctives in The
Van Buren, party coming out fro.n among them, as
the old song OF Jawbone has it,
. One by and two hy two
new hopes revived, and a strong union was form
ed 1t became my luck To describe that union "A
UNION of the Wings Tor the sake of the Unlon !"
sentiment 10y which ! will stand in the two senses
uttered IT at first union for TIE sakeQf The Unon
Not union Tor parry, Tor prescription, for power; but
Il IL hn n nd liz. a. 49,