The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-03-21

/ event of failure upon the President and his
advisers, they shall adopt the scheme offered by
the Treasury Department, and let il become the
law of the land. Should this plan prove abor-
tive, Congress, at least, need moi incur the cen
sure as the adoption may be had with full
understanding TO that effect We feel author
lZed by the declaration OF the President in his
late Message, to say that such a course will re-
ceye the hearty sanction Of himself and his
Cabinet, and that they are Milling 10 stand or
fall IN accordance eih The result. II may be
said that it is not the province Of the Executive
Department TO decide in such matters, and that
il would not be fair to impose responsibility where
it does not of right attach but surely this can
be no valid objection when it voluntarily places
itself in the attitude of which we speak.
/ Here then is fair offer-will il be accepted
or reiecled2 We believe il will be rejected,
and, without intending TO assign motives I'M
properly, we will tell the reason why, The ul-
ira Bank men may not wish the country TO be
relieved, except in their own way. Were a
Bank proposed, they would jump at it, because
il would be their own thunder, but if the suffer
ings of the country were relieved by the project
mentioned, as they most assuredly would be,
the credit would enure to the reviled and injured
Chief Magistrate, who has dared to place him
self between the wind and their nobility"
Nay, more, we will venture to suggest, with all
becoming respect, that, so far from desiring To
see the country relieved by any other agency
than their own. these gentlemen may not only
be willing, but even gratifed, to see the dith.
cultes Of the nation aggravated, in the hope
that, eventually, the People ciH be forced TO ac-
cept Bank as The only alternative. This, it
is true, cannot take place during the term of the
present Chief Magistrate, but 1t may, after that
term is ended, and if in the meanwhile nation
al enterprise and industry be Frustrated, and the
country impoverished, why, so much the better,
as the consummaton of the wishes OF these gen
llemen will only be the more certain. II
remains for the People of the United States
of America to say whether they are to be
thus abused and trampled upon in order
that the advocates of Bank may be gratfed,
when these advocates know that the fulfil
ment of their hopes must be in direct contra
venion of popular will, unequivocally expressed.
We have been led to these surmises BY one or
two reasons which we will briefly state Ii will
be recollected that the first Bank of the United
States was the offspring Of our revolutionary
sufferings, and was accepted because the people
mere led to beiiere that it afforded the only
means of escaping from utter and hopeless
ruin. SO soon as the energies of the country
were brought into beneficial operation, the ne
cesslty Of the case disappeared and the conse-
quence was an end to the Bank The second
institution Of the kind had its beginning at the
time when the war of 1912 had reduced the
country to the lowest condition, and terminated
its existence, so soon as the expiration of its
charter and the prosperity Of the country per
mtted. May IL not, then, be the plan of these
gentlemen nor that IL has been prored that
nothing short ofthe direst necessity ,oW erer
reconcile the people 10 such an institution, 10
~ait until popular suffering shaiihare become
intoierabie, IN the hope that. then, a third
Bank ofMe United States may meet arith The
federation of The country. Let The people pom
der on these things, and look to their servants.