The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-09-28
FOR THE MADIsoNiAN.
A FREE WING,

/ FOR THE MADIsoNiAN.
Were either those Bank bills calculated or intended
guard against illicit banking and dangerous abuses
Did they not rather court Was not eyery amend
ment which intended to confine It's operation yo
ted down, rejected the few which did pass, were
| upon reconsideration stricken out. Why was this
unless il was intended to give to the Bank the assu-
rance that no ccnsure should pass upon it, for its in
diligence in these improper operations II is passing
strange that notwithstanding the gross Irregularities
and corruPtions Of the banking system, which have
dsgusted the nation, poured poison its morals and
beggared millions; notwithstanding the vices Of the
system enabled party reckless apparently of every
thing but the spoils of victory, TO obtain and retain
power so long, to war against every great interest of
the country, that yet another Bank upon this same
system should be brought forward panacea for all
evils, and vigorously ard nexorably exclude all all
empts at reformation placing Safeguards to prevent
il overlapping the bounds intended confne its ope-
ration to sautary purposes.
That such an institution must break down The pre-.
sent dominant party, needs no prophet 10 tell, and
with il follows the destruction of tina, wise and sau-
tary policy which il has entered upon
The people desire stable currency and relief from
Inc vtated one which now afflicts them They de-
sire an eaectual remedy. Nota repetition of the same
vacillang, fuctuang condition Of affairs which have
marked alike, IN greater or less degree the periods
OF the Y. >. Bank well as the inter val between
them,
Neither ofthe bills passed provide security arans
the desolatng sudden fluctuations which character
NE the periods Of the u s. Bank equally with others
all Of them flowing from a vicious system of opera
tons No safeguard exists against this most appal
ling rule. The people need and demand security and
protection against such dangerous vibrations in the
regulator Of the currency Neither Of these bills .e
cure this.
The President in his desire to conciiate travelled
beyond his mere constitutional objections Knowing
as nc did that many who acted with him were eager
for the bills, he wished to show them that cons,itu
tonal scruplcs would lose them nothing worth hsy.
ing He therefore, pointed in other details such de-
ecs as ne thought would perfectly reconcile them to
MS rejection Of the bill And in fact it is very gene
rally acknowledged that no injury would be sustained
by the loss Of such bills and yet the party is to be-
destroyed, and the President rendered infamous not
because the interest Of the country has been sacri
heed, not because he failed 10 give efficacy to eperv
measure Of real service the nation but because he
doubted, because he half yielded TO earnest impeuous
entreay and reInonstrance but upon mature refiec.
lion, concluded that by signing such bills, he would
DO violence 10 bis conscience and in reality render
no benefit to the country he therefore INDUCED the
hope that they would incur no essential wrong they
would indulge him in tho exercise OF an essential
principle OF conscience