The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-08-13
From the r. akin IN ~ Gazette
A NATIONAL, RANK.


Whatever evasion there may heretofore have been
on tins question on the part of our opponents, all doubt
10 their views and intentions must now cease AT
the extra session last summer the Clay Wings carried
through both Houses Of Congress bill establishing
Bank of the United States, with capital of thirty
millions of dollars, with the privilege Of increasing il
TO FIFTY MILLIONS in certain contingencies pro-
yided for in the act This BILL il is well known,
promptly vetoed by the President. further attempt
was make to get national banking corporation estab
lished by passing measure IN limited and restricted
form so as 10 meet the views OF the President. To
this movement il will be recolleced, MIR Clay would
give no countenance, because he was unwilling To
weld to the dlctaton of Mr. Tyler He wanted real
Bank and no halfway measure But this second bill
was also passed by both Houses, and shared the fate
of the first Then il that the wings, both IN ana
out Of Congress- set up howl OF indignation when
heard throughout the whole land. The President
was denounced by Mr.. Clay and his followers win
severity unusual even in most violent political
contests. The Clay members of the Cabinet resigned
their places and the extra session was closed IN CON
fusion and dissatisfaction. manifesto was issued Dy
MIR Cays devoted partisans appealing TO the people
from the decision of John Tyler on the question OF
bank and calling upon them to express their conden-
nation of the Executive vetoes
These events show the determination of the wings
have bank On this question they have separated
from the Chief Magistrate, have divided among them
selves and the greater portion of them are now rally
ing around Henry Clay their candidate for the
next Presidency Ii must be perceived and admitted
that in this contest bank directly IN issue. To this
assertion anticipate no denial. The wings can no
longer shun the charge that they are IN favor OF such
an Institution and will establish II whenever they shall
have the power Indeed this the manly and
honorable portion of their party expressly proclaim
A large meeting was held few weeks since in the
| city of New York, which nominated Mr.. Clay as
Presidential candidate. Gen. Root was present and
addressed the meeting In the course of his remarks
he out strongly in favor OF an SOLD. fashioned
| Bank Of he United States" But why multiply proofs!
| Ii is notorious that the wings are contendng Tor
bank and the people understand their designs. III
only remains for all good men to resist most
seriously threatening the public liberty, this undis-
guised attempt to recsablish bank tyranny bribery,
and corruption.
On many occasions heretofore the people of the Uni
ted States have unequivocally decided against ma
tonal bank On great political question has there
been SO much unanimity as on this. So general was
the approval of Gen. JacksoD's veto in 1882, and so
universal was the acquiescence IN the popular decision
then made that the question supposed to be at rest
forever. But federalism is always the same. 1t seeks
to govern by corporate monopolies, the influence OF
money, and the practice of corruption Its constant
aim has been, and is, to place power in few hands,
for whose exclusive benefit the is to be adj
minstered. 1t wishes to put our republican nstitu-
tons beyond popular CONTROL and convert them into
an irresponsible oligarchy. Hence its perseverng eff
forts to connect the government with the money pow
With fifty million bank, extending its branches
| into every part Of the Union, having an unlimited
amount oil money al It's command, capable OF cohuo-
ling all the pecunary interests OF the people, counting
its immediate servants by thousands, and holding in
its hands the destnies of all the commercial and bu
| siness classes, what a tremendous combination OF
| power does it present Were such an institution
created what would remain of popular liberty He
who supposes that should longer be free people,
cherishes vain delusion. Ii is this mighty engine
of power and corruption that the wing party would
fasten upon the country. Could they succeed in this
| they know that their rule would be permanent But
failing, they only prospect of continued and
| hopeless existence in a weak and contemplate mi
nority. Whatever Of energy they yet possess will
now be eXerted to give success to this most alarming
attack upon free institutions. But they will
they must fail. The spirit of resistance is aroused
Our countrymen have become alive to the dangers
which menace their rights. They will not, at this
great crisis prove recreant to the cause OF American
freedom but will again, and forever crush the do
nestle enemy whose reasonable designs they have
SO often opposed and defeated.