Jeffersonian Republican. [volume] (Stroudsburg, Pa.) 1840-1853, 1842-11-02
EXTR RACT

clal wisdom Wnlcn is past HHuihS ou', was w
s,roved by our friend Gen. Jackson, when he
slew the Bank of the U. States, with the arm
of Samson, and almost 'wllh the sell same wea-
pom, too" when we recollect all the lwaddle oi
The old gentleman on this subject. lie, as
Burke said was certainly "consummaie archI-
rect of Rum" IN his time and tide, and had
the happy faculty of impersonaling corporation
sin his minds eye" for the purpose OF haIing 1t
as cordially as he once did you and Mr.. Poin-
dexter. When, therefore, Mr.. Bddle entered
into contest with this hero of Two wars, he
forgot the wisdom OF The Spanish proverb, That
he who SETS down 10 dine with the devil should
eat with long spoon" What has been The
result of this feast, in broken meat and empty
plates you well know. 1t has left our country
palsied--hungry in flesh and poor IN spirit.
doubt, since the creation 0l the world, whether
such an example can be exhibited as we have
presented for the last sixteen yeas oil folly aud
mis- government. No Southern planter would
perm, his plantation for one hour to be govern
ed with such lack of all sense and providence.
The CafIras and Hoienlots, in reference TO
their condition, doubt not, have been govern
ed with policy far more vgilanl and enllgh-
tened.
A country OF immense resources, in period
of profound peace, on the verge of bankruptcy?
Any man who will read Hume's essays on
"Public Credl" and on Money" can be at no
loss TO trace our presen, condition 10 lis true
cause We have been suffering ever since
Gen. Jackson destroyed the Bank of the United
States with the exception of a short period Of
distempered imitation created by his own meas
ures) under steadily diminishing circulation,
which The eminent philosopher 10 whom have
referred has declared 10 be one Of the worst ca
lamites that can befall civilized country--iar
more disasterous "ihan the continued blight Of
unfayorable harvest and seasons" This result
has been first in The constant action of the Fed
era Government, or their supposed mediiated
action on the Banks of the States, which crea-
ted universal panic, that has compelled the
Banks TO withdraw their circulation, and next
The General Government permitting 10 remain
in criminal abeyance their sovereign Junction
10 supply a currency equal 10 The wants of the
country, and ",o regulate its value"
The consequence is, that The States have
nothing in The shape Of credit, or money al
home TO pay with abroad, Every species Of
property has fallen from fifty 10 one hundred
per cent, and the standard OF value so serious
y disturbed, that man in 1889 might have
debts, yet he is now ipSo fdcto ruined by the 81.
len, transit of our country from redundant cir
cula,ion 10 what some are pleased most felici-
tously 10 call hard money currencv--when
the fact is that we can procure neither that
which is hard or soft.
By this alteration in the standard Of value, a
revolution is in porlenous progress in our coun-
try, as wide spread and desolating, far as
properly is concerned, as that which distin-
guished and illustrated the masterpieces of hu
man policy Of the Robespieres, Danons and
Marats of another lll-laled country, which in lis
lime was governed by its demagogues too, who
made paper money SO thick that 1t showed as
signats in the streets of Paris, and then turned
round and burnt in their phrenzy their own
handy work. Look, my dear sir at The llious
ands, and tens of thousands of families That
have been ruined--hat have had unulterable
woe carried into the very bosoms of their hou-
ses, by The noslrums of our political quacks,
who, in their senseleSs war on the very banks
they created gave no time shy the preparatory
revolution of the intervening discords" for the
country 10 pass from a period Of expansion 10
one of severe and arid restriction.
To those who have been ruined in these un-
happy times; whose estates have passed under
the tender grippe of the sheriff, the moral JUS
lice of General Jackson's memorable apoIhegsm
will be but dry crust, "thal those who borrow
money ought TO break, doctrine out OF which
their creditors are likely to derive as lille COM
fort as themselves, although it mus, be admitted
that the General tried all he could to secure
this blessing on The country. BuI, my good
sir, the day Of reckoning must come. The ac-
count will be adjusted now or by pos,erity here
AFTER One of its first sums will be TO settle
what The victory of New Orleans has cos, US
These are generally expensive pageants any
how Bonaparte probably never achieved one
for La Bello France, except TO The tune of
twenty millions OF francs-Io say nothing of the
lots of "craoked crowns and bloody noses" he
leli on The field of baulc. But his victories, in
cost, were no more TO be compared to The vic
tory of New Orleans, than a penny whistle is
TO Baron Munchausen's celebrated clarion un-
der an April thaw. calculaie that The victory
of the 8'h Of January cos, us five hundred mil
lions of dollars, besides the expense Of entail
ing upon the country ga set Of drvelers whose