Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-11-26
OCR LOCOs AGAIN.

benr Their declare in a re w months, that they
opposed TO rho circulation of hard money and ex
press themselves 10 favor of paper money exclu-
sivey. Such a course would be equally conss-
tent with their present declarations; but we are
determined that they shall not escape the odium
they are striving to throw off. Their leaders
are now, and have been in favor Of exclusive
metallic currency. This we have already proven
TO the satisfaction Of all unprt JUDGED men Who
have read our paper, for tho last few weeks
Tho loco party in Indiana, have been in favor Of
Z national Blnk-State Banks, and an exclusive
metallic currency. Previous 20 the expiration
Of tho charter uf the old Bank of the United
States, petition was gotten up and signed by
many OF the distinguished Iocos Of the state ask
ing Congress TO recharter the old Bank Of the L,
States. The same party advocated the establish
men. Of present Slnic Bank. The same par.
~ have also condemned all corporations as mon
siers and monoposts If there ever were par
ty Of mongrel principles, it is the loco party Ct
Indiana
Would the reader suppose, from the foul mouth
cd declarations now made by thels leaders lha,
they had ever psli,ioned Congress for the re-coar.
ter Of the old Bank Of the IT, STATES. In March
1882 several petitions presented to the
ing is copy:
"To the Honorable tho Senate and House Of
Representatives, Of the Uniied States, in Con-
gress assembled:
"Ihe memorial Of the undersigned, citizens Of
Marion county, indiana, without respect TO par
~ distinctions, respectfully represents:
THAT, as the period approaches which IS to test
the fate Of the existing Bank of the United States
the interest and feelings of the community be,
n tons IN C1,if fEf ht-
important question. 10 approaching Yonr BODY,
TO lay before vou tho wishes Of your memorial
lists, II is not deemed necessary in place TO cn
ter upon discussion Of The constitutionnl;ty Of
the institution, or It's fitness for a republican form
of government: these great questions consid-
put at rest, as far as the opinions oil the first
statesmen and judicial characters Of our country,
and the acIuiescence Of the great mass Of the
people, can settle them. The pcint before the
Gov ernment now, as correctly stated by the
President, is, whether the continuation Of the in
sti,u,ion is desired by ms jori,y Of the citizens,
and whether II Is expedlen. to CRAFTY their wish
cs.
"On these points your memoriaIiss humbIy
apprehend there can be doubt The return of
prosperity to the Union generally, but more par
tculaTly TO the Western section, was coniempora
neous with the creation of the bank, and com
mensurate with The gradual success Of this insli-
tuition. Every thing connected with the agrIcul-
ture, commerce, and manufactures Of the great
region denominated The Valley Of the Mississip-
pI, has assumed fixed and stable character, in
proportion the bank itself has become firm and
enabled to shed among the salutary influence
OF moderate and well-dispensed capital, through
tho medium Of their branches, which have hith-
cr,o been rdiciousiy and disincrestcdIy mana
gcd.
1.-The Atlantic seaports, from the long accumu-
lntlon of capital and wealth. and from the firm
establishment Of State bank. Of their own, may
not so immediately perceive the be neic,al effects
of the Uni,ed States Bank; but We, the private
benefits which result from 1t there acknow..
edged. Bat with ~, Is, emerging from the first
grade OF settlement, Just throwing off the charac-
ter of cleaners os land. and entering on the culi-
walton Of The more refined arts of civilized soe-
ETY., the Influence of this bank, affordiug a large
part of the capita! that exists among US, seems
essentially interviewer with our commercial and
trading existence As far as our intercommun-
cation with tho intelligence of all parties in the
Yves, has been held, but one sentiment seems 10
prevail; and dispassiona,e individual exists
VINO does not agree that the rechnrtering of The
Bank Of the United States is indispensable 10 the
prosperity Of the West; and that this fact is ac-
knovle6ged by the great mass of the community
of grade, from the laborer TO the capitalist.
"lu conclusion, your memorialiSss dread 10 look
forward 10 that state Of things which must be
induced, it the bank is suffered to expire by its
own limitation. The prostration Of industry, and
inability TO employ labor, Will doubtless be the
suit. IL IS IN VAIN 10 say substitute may be
created Before this can be brought into opera
ton a fearful interval is 10 intervene. which in
any event mus, be marked by widespread ruin
and desola,ion. 4 substitute possesses no advan-
tages which notifications of The present charter
could not effect; and their notifications, whether
they refer to the holding purchase Of real es-
tate, the privilege Of taxing the part Of the
States the holding Of stock by foreigners,
be 80 arranged by tho wisdom of Congress as to
CRAFTY all parties and prevent The occurrence of
a result, which would inevitably involve the pres
ent smiling Valley of the Mississippi in embar-
rassment and distress
Your me moriaiists, therefore, respectfully pray
that Congress will not hesitate 10 recharter the
presen, Bank OF The United States. with such