The Ohio Democrat. [volume] (Canal Dover, Ohio) 1840-1900, 1841-08-05
PoLTTTCAL.
FISCAL BANK OF THE U. s.
SPEECH
OF MIR BENTON OF MISSOURI.

In Senate, Wedaesldy, July, Z, lS4l-on mo-
iion of Mr.. Buchanan to strike out the
words "District of Columbia" from the hret
section Of the bill 10 ncorpste the subscribers
10 the Fiscal Bank of the U. 5.
Mr.. B. was IN favor Of the mo'ioa to strike
ou, the words mentioned, for he was opposed
above all things to have the management Of
this Bank here at Washington CITY. II would
complete It's capacity as political machine IN
the hands Of the Administration, ruling end
corrupting The Congress at the same time.
These nine managers at Washington will be
the nine lords Of the Treasury, living Vt The
seat of Government, always arm 10 arm with
members OF Congress, and giving them sumP'
tuous entertainments every night. They have
salaries, such as the stockholders will allow
them, and the stockholders Will doubtless see
their advantage IN enabhng theee Oine lords 10
entertain magnifcenlly, especially as the Uni
ted States pay a heavy part of it. The pay
will came oul Of the people, for IT'S 10 come
out of The Bank, and the Bank 10 to be built
| up with public money, aud to be kept hled up
with public money. BESIDES salaries, they
will have ther expenses and perauIsIies Their
dining End-,helr presents of plate their Of
| Gicr and IL asapharEaiia --som@ great 0utid~
ipr Njth traIn Oi clerks messengers, aud ser
| vante-si al The expense OF the people. Ihs
| dauuer fthuse n,ne lords OF the Fiscal Bank
| have been already exemphfed when Congress
| aud the first Bank Of ihe u s. sat together IN
| Philadelphia: the Bank directors and The Fed j.
eraI members of Congress always acted to-
eg, er--ihey made what avs they pleaSed-
twisted aud tortured the Constitution lnte what
| tn W pra>ed-- and sci the people at defiance.
Mr.. Jefferson has gwen US some view OF these
wretched times-the fruits Of the llcen'ous
union between Bank and Sla,e-and will read
a apa,sgrsph # ON his works. 1t is IN Ana,
near the end OF the fourth volume. II suSta'nA
most fully the view which The Senator lrom
Pennsylvania (Mr. Buchaoan) took of this
couupling conDecI'oo. and may be well Ieac
as an illu,t.at.0a Of his argument. Mr. Je11r-
son says:
| "Whie the Government remained at philadelphia
selecuon ofmembers of both Houses Of Congress wrrt
constantly kept as directors who every question m
,eresng to that institution, to the views OF tho Fed
era head. voted at the will Of that iead; and, tosohe
with the stock kjobhing members, could always make
| the Federal head that OF the majority By this conh
| nation. Legislative nxposOns given TO the Con
s,ituon ard all the administrative laws were shaped
nm the model of England, and passed. And trol
this influence we were not relieved uEhl the remoVa
from the precincts Of the Bank 10 Washington" .,
This, said Mr.. b is the voice OF expert
ence-the voice o, Jefferson-aD eye-"Hne.
of what he raa,es & v hat he saw for the beOe6
of poslerty. He wrote for our benefit; an
shall we neglect his warning voicel He tell
you that the Bank directors, and the Fedora
members of Congress. acted together while tn
Bank and the Congress sat in the same place
and that there was no relief from the banetn
influence Of this corrupt combination until Col
gress was removed from Philsdelphia. Thi
was in the year l900-sAy 70 ty years ago
The removal was then real-the travel be
tween Washington and Philadelphia was the
slow, tedious, and expensive; now il is rapid
easy, and cheap: still Philadelphia and ". Y
accessible ae they nre TO members Of Con
Eress, are TO far off TO answer The purpose Q
the new Government Bank, snd, therefore
the directors must be brought to the city c
Washington, aud placed in immediate com
nunication with the President, the Cabine
and the Congress-: The nine LORDS Of tn
FIsc will be Treasury board here; they WI
sit as the council aud instrument Of the Score
,ary Of the Treasury. They will be poliiic'
as we'll as .rnoueyed board, bnd their infu
ence will be felt in Congress, and in all the bi
siness Of the country. And who will compos
h this boardl Who will these nine lords be
ilhe bilvery cautiously, moe! carefally, pro
yidea that they shall not be members Of Cor
gress Aumembsrs oflhe Govornmehl--Or ,h
Goye.umept contractors. This is pretty, NsI
{.