The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-05-24

| Of paper money, issued with their own hands, for
their own exclusive use assert that, since the dis
solution of the Jesus society in Europe, such pow
has been dispersed, was effected by the single act
OF John Tyler, in placing his Veto upon their United
States Bank. Had they succeeded in obtaining this
charter it would have given them revenue of $780,
OOO,OOO per annum out of nothing, besides putting
into their custody the credit capital of the noodles
called shareholders Now they powerless, and
you hear their weeping and walng in their starving
prints. For the Clay faction were producers
instruments of credit was all they ever created with
which they claimed to stand between the producers,
and receive tax for exchanging their labor; in 9TH
er words It's whole strength consisted in issuing that
paper money standard of value called bank notes,
and hence great branch of their profession has been
to obtain possession Of and conceal and confscate
the legal standard of value called specie or coin,
article their banks have been known to pro-
duce. You can estimate the gigantic loss of power
sustained by the Clay faction by the bankruptcy of
not less than per cent of the 300 chartered banks
it controlled in the United States. Hence they now
excaim, with Mark Antony, "Actium Actium o!
Actium!" John Tyler is the Augustus of the day.
These paper-money buzzards cannot see that their
rum and that their horse has been distanced
Leaving them to sneak into the ranks of the Tyler
party, which has made and will sustain itself upon
principles of action for the benefit of the greatest
number of the people permanently, will call your
attention to another important event, now that the
bank note standard of value is guillotned. John
Tyler has public spirit enough to maintain the spirit
Al of tbo NJ uhic intO
effect on the 1st July, 1924 law which cannot fail
to establish upon the basis of superior skill and intel
ligence our domestic industry, which has been OPP
pressed long by the hired British quacks which
have described as the privileged bank note manufac
turers and beggars after laws to protect them in plum
dering large fraction of the labor Of the producing
class. This is certain, that as John Ty-
Ter vetoed Cay's bank, should he veto every
act Of his faction that conflicts with the Compromise
act principles, not men, is the motto of John Ty
lers Administration and to prove that sturdy spirit
is more certain to be found in of truth than
even in military hero's, refer to John Rogers who
consented be burned at the stake in support of his
honest creed This is phenomenon which neither
the chieftains nor file of the Clay faction COM
prehend let alone, practice or advocate. According
TO tnelr creed eers patent 10 Dalh or Issue paper
money with one hand and to collect taxes to be put
into their bank, by act of Congress called tariff
must be the use of the other hand Such is the basis
of the Clay system Of politics and religion, and the
creed of their missionaries Heretofore prescription
and death they have freely administered to every
hereto to it, Rejoice, sir, lhe last of the tyrants is
dead,' and the epoch Of honor and industry has be-
gan under the patronage of John Tyler.
ALLADlN.