The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-10-18
THE ULTRAIsM OF THE DAY.


THE ULTRAIsM OF THE DAY.
The pubIc mind has been diseased since the
United States Bank first declared war upon the
Government: all within The controlling infiu-
euce of that INDUSTRIOUS institution were COM
PEELED 10 support isscause and for the last ten
years we have witnessed the shocking anomaly
in the theory Of government, Of creature of the
legislative, will wagins war upon the source
whence its existence sprung. The element OF
wealth has been introduced into our political
struggles, and has added new yigor and new
violence TO contests before sufficiently warm
And Till this influence is removed, and COM
plete separation Effected between banking insti-
tutions and the powers Of government, inde-
pendence of Legislation will be but fanclful alb
straction, aud wise administration OF the laws
contradiction in practice.
Banking institutions of inordinate powers
throughout the country, are the cherished pets Ut
Whiggism; abominations, whenever and wher-
ever tolerated, to Democracy. Hence it is we
find wealthy Bank Presidents, Directors, Cash
iers, and other compensated officers OF these IN
stitutons, almost without exception, staunch
and Interchangeable T" Wings" They are the
suffers of the party, and furnish The encamp-
mehts and the troops in action the necessary
means of subsistence the political brokers, who
discount principles, and deal in such fancy
stocks as character and talents, which they pur-
chase at the usual market rates. Ii is by their
unseen, silent, but not unfet influence, the pub
lie pulse is regulated, and the public disposition
controlled not an election takes place, unlnf1u-
enced by their authority, nor does law pass
without their assent. Ii they do not ell, ct Pre-
sideLts, they can control l. gisaufes, State and
National; and their influence is equally potent
in p,i,ale affairs as in public councils; Tor It Is
too true that he who can command u mans wants
commands his acl,ons-and Tie indi, idlals,
whether in corporate capacities or 9th. rwise'
who can depress and false at will The prices VI
a mans subsistence, can produce Whatever
changes they please in his sentiments.
This dreadful power, We unhesilatingly aver,
has been, aud is, con6n, . almost exclusively to
the "Whigs." They have dotted the whole
surface of our once unenlhralled country with
banking depots as with military posts; all IN
standing SO that supplies and munitions Of
war can BE- easily transported from one section
to another. and secure places reserved for re-
treat and reinforcement.
The managers ofthe party in Congress, under
standing but too we'll the only possible means
TO perpetua,e power thus acquired, were, Of
course, holly exasperated at the discontinue of
their well arranged plans by the unexpected
frmness of one man, as insensble TO menace as
seduction. And when they found no bank was
to be obtained, they determined no quarter
should be given him. 1t is folly, now, to pre-
tend that any mere political disappointment,
any unexpected avowal of heresy, did or could
have engaged the Wing chief jugglers, so turi-
ously, against the President. 1t was the com
plete failure of their financial schemes, the loss
of a second influx of uneaned gold, that con-
verted into imbittered rancour their frustrated
hope. Their impotence again TO impose
upon too credulous people, and TO rob
them, costly, of hard-contested gains, caused
the active denunciation of the hand that para
;yzed them and they accused The President Of
tr,achery to themselves, because he would not
consort with them, and legalize robbery, or
Financial swindling. Yes! America owes
yet deep debt of gratitude TO John Tyler for
the preservation of her moral and political indie
pendence from traitors more depraved than Ar
mold, aud from conspirators more dangerous
than Burr.
We do not wonder that the gamblers who
had staked fortune and credit upon the hazard
of the die, should manifest feelings CT intense
animosity towards the individual who had ruin
ed their desperate game. We do not wonder,
well acquainted as we are with their prohigate
policy, that they threatened coercve measures in
the prosecution OF their designs-a removal, by
force, of the obstacle they could in no other way
surmount. We do not wonder at their mena-
ces of impeachment; for, if not intended to be
enforced, such threats would serve to nfame TO
partial madness their credulous followers, and
nary punishment, excite them with the suspl-
cion OF an unheard- of crime. We do not won
der at their base attempts thus to impose upon
The People-for imposition is the badge of all
their tribe-but we do wonder at the folly that
could believe so shallow a device would be sue
cessful.
When these fiscal politicians found the Con-
stitution an obstacle in their PATH they deter
mined TO alter or destroy it, aud their leader i'm
mediaiely introduced his modification of this
glorious monument of national and individual
r,phts--or rather, elaborated a new Constitu-
ton, which should give to the Legislative body
all power and all patronage. And here let il
be distinctly understood, that as the Velo hat
only been exercised against the establishment
of Bank so only To promote such stsIlIs