The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 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 no such pow
erful combination of selfish and dangerous rascals
has been dispersed, as was effected by the single act
Of John Tyler in placing his Veto upon their United
States Bank Had they succeeded in obtaining TINS
charter il would have given them revenue OF S2O,
600, 0O0 per annum out of nothing besides putting
into their custody the credit capital OF the noodles
called shareholders. Now they are powerless, and
you hear their weeping and wailing in their starving
prints. For the Clay faction never 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 abor IN 9TH
words its 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 of the 800 chartered banks
it controlled in the United States. Hence they now
exclam, with Mark Antony, "Actium! Actium! y!
Actium!n John Tyler is the Augustus OF the day
These paper-money buzzards cannot see that their
race 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, | viii call your
attention to another important event, now that the
bank note standard of value is gulotined John
Tyler has public spirit enough to maintain the spirit
q ~ at,h srnno infl
effect on the lst July l542-a law which cannot fail
to establish upon the basis of superior skill and intel
ligence our domestic industry, which has been OPP
pressed so 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
derng large fraction of the labor of the producing
class This is now certain, that as sure as John Iy-
ler'vetoed Clay's bank, should he veto every
act Of his faction that conflicts with the Compromise
act "Prnciples, not men, is the motto of John Iy-
ler's Administrations 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 to be burned the stake in support of his
honest creed This is phenomenon which neither
the chieftains nor file of the Clay faction can com
prehend let alone, practice or advocate. According
to their creed letters patent to bank or issue paper
money with one hand, and to collect taxes to be put
into their bank by an 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, 'the last of the tyrants
dead" and the epoch of honor and industry has be-
gan under the patronge of John Tyler.
ALLADlN. y