Bloomington herald. [volume] (Bloomington, I. T. [Iowa]) 1840-1849, 1842-02-04
WHOLE NO. 81.

80 DRIVING JACK The OANDlTTl.'-lno truth
Of the old saying that .scurses, like young
chickens come home to roost." is about to be
illustrated in the history of Nicholas Biddle,
late President Of the late Bank OF the United
States. In memorable speech made, we be.
ago he signalixed the then recent triumphs o.
yer the Democratic party as $ driving the ban.
diiti back to their caverns." and vauntingiv
declared that the " penitentiary was about to
reclaim its fugitiyes,'' aluding to these same
Democrats. If we may credit the results Of
recent elections, the s fugitives" he denounced
are yet at large, and the " bandiui,' so Ear from
hiding in caverns, and living ia the glorious
light Of heaven without fear Of Investigations
BY stockholders, grand jaries, Of criminal
courts. BY reference to another part of our
paper it will be seen that the grand jury Of
Philadelphia county have presented Biddle
and his accomplices for fraud and thief, - and
unless the :. great financer" be made Of stern
er stuff than most men, he will be glad to es-
cape from the torrents Of popular deiestation
which are moving towards him, 10 some ,sban-
dts cavern" or even to the "penitegn'ary'' it
Every day, almost every hour, lays bare
some federal delusion, and gives fresh evil
dence Of the substantial and invaluable quail
ties OF democratic principles. Nor can the
people fail TO remember, as each new step is
taken in the exposure Of bank frauds, and the
punishment Of bank, swindiers, that each par
ticular act was faithfully for,old by Democrat
ic writers and speakers.
After the refusal Of the old hank Of the u.
States to grant the government directors fres
access to all the records, Of the Bank, inst
fears were entertained that the affairs of tho
INK h<n. II
investigation would prove it to be unsound or
perhaps insolvent. Warnings to this effec,
were continually uttered by democratic presses
and politicians. 1t is now proved that the MAJ
administration and fraudulent proceedings Of
the Bank commenced under the old charter.
When. under the State charter, the Bank
commenced re-issuing the notes Of the old con-
cern-begun specializing in cotton, anc in fan
cy stocks, and at last resorted TO suspension,
the warning voice Of the republicans was a.
gS'n heard denouncing those acts, and predict
ing from them the downfall aA destruction of
the bank. The catastrophe they ptophesied is
yet sadly impressed on widows and orphans
made beggers by the explosion.
When the cotton and other speculations cf
Biddle were exposed, his misdeeds were call
ed by democrats by their proper name and he
was declared to be in danger Of meeting the
punishment Of a swindler. And now he il pre-
scented on the evidence Of respectable men, for
i" FRAUD and THEFT"
Let II b borne In mind. that the imnutatinna
and charges so c6ufdently made by the demo-
crats, were successfully denied with the gros-
sest ef1rontery. by the controllers of the bank
Letters were written by Bidcle and his para
sltes--articles were prepared, and sworn sta.
tistIcs paraded by his presses-and speeches
were made in Congress by his feed attorneys
ALI denying sehemently the charges made BY
the democrats-all going to discredit their
statements and predictions.
We cannot too often nor with too much ear
nestness call public attention to the upshot Of
these discussions the finale of the exciting
drama. II is told in asfew Yakds: tie failure
Of Tie Unit~ -Siates Ba,,k, a.sd she utter loss Of
al its stock. The s,cindl;ng Of It's note holders,
the dsfrauding IF Tie helpless .sU;dosvs and or.
phans ,oho conlfded in II. ind the solemn pre-
sentat;on Of Biddlt and his official confdents for
Is FRAUD and THEFT."-P istsborg Mer.