Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-01-22

I cient; but his chief objection TO II had been on &C
4 count of that sPIrlt oil solitude and ISOLATION whIc'
: SO strongly pervadcd IL. and winch he did 10
? deem respectable, and which went 10 divorce tn
Government from the community. As held vi
m that scheme, the Government resemhled th'
captain Of some ship which was overtaken in
storm. who, instead If sucking 10 his ship and hi
passengers, took TO the life boat. succeeded in Sc
curing himself on some rock, unsubmerged in the
sen, and left his vessel 10 her fate, 10 be shalter
ed on the reefs or 10 founder IN the waves. II
this feature Of the scheme, Mr.. NJ. had felt the
utmost aversion. The strenuous opposition which
that plan received from the Ways was directed
not 50 much against the plan itself, as 1t then
stood, as against what they apprehended II wolld
grow tn be; but even their utmost fears never
Hlaguified it into such an ovcrshad1wing and all
gFasfIng institution as was pre- eated IN his Dill.
True. indeed, 1t was Of the same species, but 1t
had not attained any thing like the same size or
strength. II Ind It's face nOdest!y behind "A veil,
so that its features were but dlmly seen; but this
looked out impudentiy with the countenance of a
harlot-i, stared the public in the face without a
blush.
The certain effect Of the adoption of his scheme
mus, be 10 destroy the local banks throughout
the United States, with the exception Of those in
The great c0mrnercIal centres; and there its effect
would be 50 powerful and so concentrated, that
local banks would become extinct, for the plain
reason that they would he pra.itiess. Mr.. NJ. did
not know that he would weep many tears over
them. Such would be its etfectin the great com
mercial emporium Of N. York, and such it nigh,
have been in Charleston-a city which might
have enjoyed a similar Distinction, had il not been
for the fatal malaria and the yellow fever. He
feared. however. that the climate and the God Of
Heaven had pu, that forever out OF the question.
One Of the most striking things attending this
project was that II should have originated IN the
Virginia school If politics, and hat It's supporters,
if it had any, should be found in that quarter.
Mr. NJ. felt a deep veneratiun for The ancient
Dominion. No man entertained higher respect
COR the principles she inscribed upon her banner
10 % and '99-a period in which she had resis-
ted the vices Of the age. Her politicians oppos-
ed a United States mix, because there was no
warrant for IT in the Constitution. Her patriots
had ever been foremost IN contendiug only for
public liberty, but private highland although.
IN the creation Of such a corporation, they might
restrain II. ietier IL. manacle II, in any manner
they pleased, yet still It's inherent power appeared
in their eyes SO formidable and tremendous that
public liberty could otlIve by its side. But here
there emana,eJ from that ancient Dominion a
system IN which all the banking faculties were
fully developed; a monster, which might not mere
ly act upon it as a part and parcel of the Govern
ment Itself. Yes, 1t was a sIrginian who could
advocate a scheme like this! How Virginia, which
had felt such dread of a corppration, whose char.
ter it could modify as it pleased. could ever 90 for
project like this. was a thing he could not un-
But, if he witnessed a course like this,
he c~ertainly should cease 10 axe lessons in polit-
integrity from the ancient Dominion. Nota
single banking power could be mentioned that
not fully developed in this scheme. Here
the power Of issue, the power of deposite;
md the power of lending the public money, The
power of discount, effected by an evasion. II
tr4e that The kites raised under this system
would remain less time upon the wing, but their
would be exteaIed over 4 wider circuit.
Mr.. NJ. said hat here there was an Admins
ration professedIy Wing. which came forward
nd planted itself upon 4 measure which derived
Is origin in par. from the very highes, authority :
claimed by General Jack son, and in part /
the intellectual ingenuity Of another less
distinguished. Thus 1t stood. with one foot on {
he one side, and the other on The other. Under
uch circumstances. he confessed that he had no
of seeing any thiag done fog the currency. T
There remained a barrier yet in the way |
the vengeance of FIeavea descended on
he man OF their choice. all their expectations as {
party were AT once defeated, and they found in I
he chief seat of power Il man who had with them ,
10 sympathy. Under circumstances like these,
yhat hope could be cherished? If indeed. the ,
anne veugeful stroke had descended on another /
lead, and by one blow the first and the second !
hoIce of the People had both fallen. it was pos. =
jbIe that some of our LilIiputian politicians, fell 9
of two and a half inches high, who were n
endeavoring to throw their feeble, attenuated. &
,o$samer threads round about he manly ipmbs =
nd muscles of one who was 10 hem as an intel r
sctual giant. might have been marching along d
With high airs of pride md triumph in the Wing /
rack. and under the Wing banner. Bu', alas, r
e lved-Richard Coenr &c Lion We, lived. and d
he Devil was unclaimed; and King John, instead +
{ looking 10 the welfare of the State. was busy q
MY in The effort To surround the common enc I
nv with barriers and PALISADES. Yes. he lived, a
nd his cold shadow was thrown across these Lii
pufain heroes. and they shrunk and shivered in 4,
ne chilling shade. Though we had a TIber and ,
Goose creek, we had no Tarpeian rock: but had :
e thrown himself Curtiuslke into the gulf. T.,
nd nobIv persisted for the salvation OF his :
ountry, there might have been some hope :
IN, these gentry would have conducted the Gcv- !;
rnmen, on the principles which the People had
anc'ioned. And who could telI?-perhaps there =
hight be a hope yet. a laugh)