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

49, 'r'''S " =
D into on analys SIS Of the bill, vet there wero on
2 or two things in It which had 50 farcIbly strucl
his mind, and which 50 ~palpably demonstrate
he illogical character Of tho much Wanted a.
gument IN the report, that he could not bu, refe
10 them.
The frs, occurred in page , of the printed re
port, where i, was asserted that this Exchequc
Board was no Bank, because II did not collect -
capital by subscrlptlon--Just as If that teatur
were essential TO the existence Of a bank. NJ Oh
not a bank be Incorporated and endowed with al
banking faculties where this requisite was who'll,
wanting? VIVA, were the banks Of Alabama?-
II this reason was a sound one. they were N
banks at all, "a state OF things which the people o
that State might well desire 10 be the case y
\ laugh This was a specimen of the lncon'
rrovertible logic for which this paper had been 81
highly praised, and praised. too, by the Senator
from South Carolina, whose searching eye any
one would have supposed no insecutive conclusion
could have escaped. But he supposed that the
Senator had been so much gratifed. and so en-
tIrely engrossed by the concessions in he report.
that he was not disposed 10 look with a very mi
croscOpic gaze upon It's other features.
Again, IN page S, it was contended tha, ihis
was no Government Bank. because it did not dis
count. Now, here was a doubled aud twisted
iaiIacy; the reason given was untrue IN principle
and untrue in fact. Untrue in fact, for confessed
Iy the Board would discoun, bills of exchange;
and untrue in principle, because a bank may exist
without This power. Here was another instance
Of the imPregnable logic of the report, another
evidence Of that gigantic intellect whose impress
was said to distinguish every word and line.
The third fallacv might be found on pages 5
and &, where the Secretary insisted that the bill
proposed no union Of the purse and the sword,
because neither the President nor his Secretary
could touch a dollar in the Treasury without, an
appropriations. WHY, had not this always been
the case? Yet what had been the ground taken
by the Wing party at the time of the removal
of The deposltes? What had been the ou,cry on
that occasion OF this Secretary himseif-both
master and man? Although every petty Loco
foco paper in the country had defended The act
on this very ground, that Gen. Jackson could
not himself touch a dollar of the public money
unless by the appropriation of Congress, did the
Wings admit that reasoning as valid! Did they
not still contend that that act effected a union
Of the purse and the sword? And was not the
case the same now? In this fallacy there were
two uniruths involved; nav, three In the first
place, the principle was unconstitutional. 1t
said that neither the President nor the Sec
rotary could touch q dollar of the public money.
this Government had fallen into decay, and,
though commerce had become quite 100 merce
nary a concern for the ari<tocraey Of the present
1av, as a substitute they turned their attention
10 banking, and as the revenue was collected at
different points. and had TO pass through the hands
Of subordinate funciionaries, every whipper,in of
4 custom house might appropriate the whole a.
H1OuUt 10 Inc purchase L eAcfdfSe--i ne hFDu.
men, entirely overlooked the fact that the entire
revcnue might be seized upon without n dollar be-
inc appropriated. If this was an example of the
severe, consecutive, iinpregnable logic Of the re.
port, he. for one, must have more capacity before
ne could be able TO appreciate it.
Mr.. NJ. said, in conclusion, that the Bank in
his bill was ultra. beyond any United States
Bank that had ever been thought of. When Car
at the head Of his victorious legions, broke
nto the Temple Of Nesta, and seized the public
reasGre. he had not 10 his hands a power so gi-
rantic as that which was conferred by this bull.
Il was the long -sought philosophers stone; the
amp Of Aladdin was no touch TO il. tconverted
cams Of paper into gold, merely by putting it
the press Of the Government.
With all this gigantic scheme, concocted and
elaborated by the master>mind Of the age, backed
" al! the force of argument, and defended by all
hese illogical conclusions. he would not say that
here was a man in this Senate who would not
axe it. but this he would say. there was none
Who h-d nerve enough to say ~ riH take
- 'Er pede Eerculem Here nigh, be seen, on
narrow strip of land. which separated on one
idc the calm, deep blue sea of Wing principles
md doctrines. on whose bosom were ~up-borne the
Iestinies OF freedom and the hopes Of a gazing
nd expectent word. from the raging sea of De-
nocracy, whose wild surges were roaring md
ASKING on the other, the footprint Of Hercules
,ut no, the whole impress Of the feet; for so mar
ow was The frail and sandy verge, and so nearly
i'd The waters on the one side encroach upon Its
limits and threaten 10 mIngle with those upon the
,ther, tina, there wa. no, room for the gan, to
read without, having a portion Of his foot print
bliterated by The waves.
And, finally. next to the daring and presump-
uous attempt at the snhjugation Of the People by
he seducing influence OF the money power, that
which most offended Mr.. NJ. IN this document. was
he spiri, Of base and rifle subserviency and flatte-
y towards the President. which everywhere
marked its pages. and which presented the revolt
ne spectacle of a gross and mercenary aculaiion,
n the face and at the sacrifice of the principle,
lobly avowed and defended for twenty years.
EXTRACTING GREASE SPoTs.--One OF the oest
Methods of doing this, where drops have fallen on dresses,
ooks, Sc. is to place magnesia on the spot, rub II IN, cover
with clean paper, and place over tais a warm iron Inc