The Madisonian. [volume] (Washington City [D.C.]) 1837-1845, 1841-10-30
THE ExCHEaUER OF THE U, STATES.

THE ExCHEQUER OF THE U, STATES.
No II.
TO THE EDITOR OF THE MADIsoNIAN
OCTOBER 18th, ls4l.
STA
HAVING presented scheme of FINANCE and CuR-
REScY, the question is, How ahaH establish and de-
fsnd III A question tru, appalling, when / reflect
upon the difficulty of teaching any NEW TRUTH, and
the fate that's sure, in the outset await its adyO-
Gates
"All shun, none aid you, and few understand"
am we'll aware, that shall have to encounter a
host Of adversaries Their name is Legion and
their cognomen, " The old Federal United States
Bank Party" the arch enemy of the Constitution
who, in spite of its prohibition has reigned by i'm
pcation" forty years. out of the fifty of its existence
A party, whose present distinguished leaders were
the most inveterate and deadly foes Of this same
chartered Libertine" hut now its most ardent and
"uncompromsing" champions ! shall not stop to
inquire into the Of their conversion, though l
may strive to stop the propagation of their faith.
well know that the contest will be desperate and
doubtful that the victory enure only to my
try that can share of its "spoils" but in
mon Win my aoFeIsaies except the eeTtaHtInh
guadia,
The rapture of the strife"
of which even defeat cannot despoil me. Finally, all
that have to arm animate me in the coming con-
fict is the consciousness of just cause
"Thrice is he armed, that hathshis quarrel just"
But there can be no victory without a battle.
As life is but series Of continued war with
ficting interests and unprnciped ambition, why may
we not as well enlist in this, waged by the BANK
PARTY for half a century, and strive to end it, And
what time ever more proptious than the present to
prepare fol BATTLE against this great archenemy of
the Constitution, when he has just suffered tro sig
nal defeats from the two-edged sword of the Const
tuition welded by the hand Of the Executive yet still
remains rebeious under arms2
Nor these the only defeats, or the most signal.
The wangs of defeat and groans of despair have
been heard from Maine to Georgia; and the signal
of retreat has been sounded the shores the Ches
apeake, on the banks of the Susquehannah, and the
Ohio. Yet still the "Grand Army" ofthe Bank, and
the great army Of the People, remain encamped in
view, preparing for future conflicts in the great West,
the Empire" and the Bay States
From camp camp through the foul womb of night,
The hum OF either army Silly sounds,
That the fixed sentinels almost receive
The secret hispers Of each others watch:
Fire answers fire; and through their palmy flames
Eas h battle sees the others umber'd face"
Already we begin to witness movements along the
enemy's lines. A long srray of mercenaries cohort
by cohort and phalanx after phaan1, are filing be-
fore
eve see them on their winding way !"
preparing for desperate conflict in the North.
"What do they in the North,
When they should their sovereign in the West1"
Their rallying word is pctory or death" To some,
death" might be welcome than victory-as in
this event, the "penentiary might reclaim its fugi
tves." But we promise them no victory without
a battle. The defenders of the Constitution like
" the Marshals of France, neper SURRENDER
All that remains for US, the present occasion, is
to note in due order the divisions of the Grand
Army, that will have to be encounteled-a mighty
host of Interests and Ciques and Cabals, armed in
the triple panoply of seshness hatred, and despair
!. First in the long and molly array, with serried
ranks but diminished numbers, stand the old Grena-
diers of the "NArloNAL BANk"-the Forlorn- Hope
Of Monopoly l. raounting the old Federal Cockade in
token of grief for the untimey exit of the Monster
their lord and master, who, like
"Boody Tybalt, yet but green in earth,
Lies fostering in his shroud!"
II. Next, the intire Clay Wing Caucus phalanx-
daring and desperae with the motto craven on their
fiscal swords-(not from the Koran but the "Cofee-
house0
Head him, or die!'
III. Then follow the "nine hundred and one State
Banks" with their nine hundred and thousand
presidents directors borrowers brokers' spec uator
and impoverished stockholders widows, and
Orphans and dotards, clinging with despair to the
wreck of their fortunes.
w. Next the entire Clay Wing party, out of Con-
gress-the devout political worshppes of "the BANK"
and BIppLE-Mammon, and his mounebank-wth
protested Post note bound about their brows for
phyactery, inscribed Nick or nothing!'
" Lastly, the whole entire of the public Gre
dtors -saaried and unsalaried stpendaries and cla
mants-in the receipt of the whole annual revenues
of the Government, to the amount of from twenty
five to thirty millions.
All these fve-fod interests must be encountered
and conquered, before there can be any reasonable
hope of establishing the " ExcHEaUER," or any other
scheme for Treasury Agency or Commercial Cur
rency. A single a single voice would be pow
erless in a contest with these combined interests.
Even the Executive authority would be in vain
ered, unless supported by the patriotism of the Peo
despotc power, the MoNIED POWER. Any victory
over it can enure only to the benefit of the People, and
can be won only by the patriotism of the People.
BAY STATE.
Nh, InudDoLs RsD1bIican