The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-10-07
Communications.
ARIsTIDEs TO THE wHIGs-No. 4.

ARlSTlDES TO THE WHlGS--No. L.
FISCAL OBSERVATION-DISCLOSURES DESIGNATIONS.
"What mighty calamity has befaIen this highly
favored land I Why do see my neighbors and Eel
low-cizens hitherto occupied on their farms enjoy
INC the blessings of repose in their humble cottages
surrounded by their beloved families, whose health
full faces and beaming eyes the smile of contentmeni
rests rushing from these Of domestic happiness
10 iii the air with shouts of applause the arrival Of
some fayorite leader of the Wing phalnnx just return
ed from the theatre of political strife : Why these
vast assembages, these eloquent appeals filed with
bitter denunciaiions OF an old and well tried public
servant plain, unosentatous Republican President,
chosen by the People to this high station evil
dence of their confidence in his talents, patriotism,
and public virtue 2" Thus spake free citizen of the
Republic to boisterous demagogue, whose voice rang
through mountain and valley, shaking the sturdy
oak to its foundation calling aloud for vengeance on
the head of John Tyler for treason, perdy violated
pledges the Wing party" and long catalogue Of
other BIZ crimes and misdemeanors The honest citi-
zen in breathess silence awaits the reply to his nterro
gatores, and TO his utter astonshment the orator dis
closes the startling fact that he, the aforesaid John
Tyler President of the United States had dared to
at defiance the dctaton of his wise Council and
in the face of all tho mighty men of the Wing party
who stood in the Halls Of Legislation, refused his
approval of " Fiscal Corporation with which they
designed to " head him" Dreadful calamity Trea-
son most foul Hung be tho heavens in black
Arouse, my countrymen; grid on your armour and
strike for bertyl" Is that all? said the good man.
when he had recovered his powers Of articulation
One would have thought from the alarm, which has
been spread throughout the land and the multitudes
who gathered together to consult the means Of
safety to the Republic, that Captain Tyler" had
taken the field at the head of fifty thousand well
ed men, with trumpets and drums and banners flying
resolved free Constitution, and erect
its ruins the splendid structure Of despotism
But to be serious, and to bring these matters home
to the good Of enlightened People would
in sober sadness of heart, ask Of my Wing friends
10 look with candoi the amsy pretexs, which are
resored to by few rash ambitious In their own
ranks to weaken their confidence ia Chief Magis-
trae whose only offence is his unbending integrity to
his country to the Constitution he honestly inter
pets its meaning, and to the rights reserved to the
States of the Confederacy Let me admonish them to
irown Indignantly upon every attempt however pau-
sibe it may appear, and from whatever source may
SPRING to cast among them the apple of discord, at
time when union is recommended by every considera
rion Of patriotism, without which the fruits of their
late glorious victory will wther and die, under the
chilling frost Of disappointed hopes blighted antcipa
this Fiscal Corporation, or Bank No, 2, the fate of
which is much deplored, shall proceed to give
very brief descripon-to dissect its prominent features
and expose the mischiefs which it might have brought
the country, had it not been most fortunately ar
rested by the interposition of the Executive Veto
content myself with the notice already taken of
the rejected Bank bill No. l, deeming any further re-
marks that defeated measure quite Unnecessary
Let rest in peace, where it has been placed by com
mon consent among the tombs Of the Capules, with
out mourner.
The succeeddnium, or bill No. q on the rs Of
which issue has been taken at the bar Of public |
opinion, by the members of the late Cabinet and
by certain Wing leaders in the two Houses of
Congress, demands, for that reason only and
will receive rigid scrutiny. This second
effort to bring forward modified system Of banking,
and urge il on the Executive at the same session of
Congress- the plea that had been taken to
form the opinions of the President, they were
understood if not strictly supplementary assured
ly without precedent; and in my judgment, ill-ad
vised in every aspect which It has, could assume
Mr. Madison put his veto Bank bill at the session
of lsli-'l5-a bill which had been moved and passed
by the Republican party of that PERIOD the ground
that necessary andproper to carry into
effect the financial operations ofthc Government and
also to furnish sound circulating medium of equal
value throughout the Union and assist the State
Banks in resuming specie payments which had been
suspended during the war. At no time, in the hsto
~ Of this Government Bank, possessing these
capacities and powers absolutely required than
at the close of the late war with England. The me-
ccssily became pressing and obvious, that many
who had strcnuously opposed the incorporation ofsuch
an institution on the ground that violation of
the Constitution of whom Mr. Madison one,
yielded their objections, honestly entertained, and voted
fur Bank of the United States the best means of
restoring public credit and private confdence both OF
which had suffered in consequence of the dersnged
of the currency, arising out of the inability OF
the State Banks redeem their issues in specie on
demand. With full knowledge of the wants ofthe
country, and urged by the Republican party, who
his political friends, and constituted the Wings
Of that day, Mr. Madison than whom no statesman
ipurer PATRIOTISM or OF more enlarged WISDOM ever
lived; consulting only his own conscience and Judg-
mcnt of such vast Importance to the
American people, disapproVed the provisions of the
bill and returned IT, with his objections TO the House
Of Representatives, in which It originated No at
temp, made To shape new bill to meet these OBJ
rcions and conform it to the opinions expressed by
the President in his veto message or in private CONVEX
stion. no address Of Convention of the Republi-
can members of Congress was drawn up and circu-
lated among the people, TO excite and disturb the pub
he mind no loud dcnunciations of the Chief Magis-
trae scatter the seeds Of division among the Re
publcens and drive him to look for support in another
quarter none of these cxpediens were even thought
OF At tina, pure unadutera,ed epoch in our history ,
hat Congress, without a murmur or a whisper of dis