The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-03-22
mains in a state of ruinous uncertain

ter remains in state OF rulnOus uncertain
ty. In this dilemma we would venture
to offer an alternative AS before stated,
all of the plans talked of, we can scarcely say
proposed, agree in greater or less degree with
the project which emanated from the Execu-
tive, and if there be differences, they consist
not so much in matters of general principle as
of detail. Now, we would suggest that, in or
der to relieve themselves from responsibility,
and to cast the odium that might attach, in the
event of failure, upon the President and his
advisers, they shall adopt the scheme offered by
the Treasury Department, and let it become the
law of the land. Should this plan prove abor-
tive, Congress, at least, need not incur the cen
sure, as the adoption may be had with full
understanding to that effect. We feel author
lied by the declaration of the President, in his
late Message, to say that such course will re-
ceive the hearty sanction of himself and his
Cabinet, and that they are willing to stand or
fall IN accordance With the result, 1t may be
said that it is not the province of the Executive
Department to decide in such matters, and that
it would not be fair impose responsibility where
IL QOeS not Vi IlSuI Dut ouISAy Siio NoiA
be no valid objection, when it voluntarily places
itself in the attitude of which we speak.
Here then is a fair ofIer-will it be accepted
or rejected2 We believe it will be reJected'
and, without intending to assign motives i'm
properly, we will tell the reason why. The ul-
ira Bank men may not wish the country to be
relieved, except in their own way. Were
Bank proposed, they would jump at it, because
it would be their own thunder, but if the suffer
ings of the country were relieved by the project
mentioned, as they most assuredly would be,
the credit would enure to the reviled and injured
Chief Magistrate who has dared to place him
self between "the wind and their nobility"
Nay, more, we will venture to suggest. with al
becoming respect, that, so far from desiring to
see the country relieved by any other agency
than their own, these gentlemen may not only
be willing, but even gratifed, to see the diffl-
cultes of the nation aggravated, in the hope
that, eventually, the People a0iN be- forced to &C
cert a Ba,,k as the only alternative. This, it
is true, cannot take place during the term OF the
present Chief Magistrate, but 1t may, after that
term is ended, and if in the meanwhile nation
al enterprise and industry be Frustrated, and the
country impoverished, why, so much the better,
as the contamination Of the wishes OF these gen.
tlemen will only be the more certain. 1t
remains for the People of the United States
thus abused and trampled upon, in order
that the advocates of Bank may be gratifed,
when these advocates know that the fulfil
ment of their hopes must be in direct contra
venton of popular will, unequivocaliy expressed.
We have been led to these surmises by one or
two reasons which we will briefly state 1t will
be recollected that the first Bank of the United
States was the offspring of our revolutionary
sufferings, and was accepted because the people
anere led to believe that it afforded the only
means of escaping from utter and hopeless
ruin. So soon as the energies OF the country
were brought into beneficial operation, the ne
cesslty of the case disappeared, and the conse-
quence was an end to the Bank. The second
institution of the kind had its beginning at the
time when the war of 1912 had reduced the
country to the lowest condition, and terminated
its existence, so soon as the expiration Of its
charter and the prosperity of the country per-
mitted. May 1t not, then, be MeP plan Of these
gentlemen, moaD that 1t has been proDed that
nothing short Of the direst necessity aoiH ever
reconcile the people to such an institution, TO
aoait until popular suffering shall haze become
intolerable in the hope that, then, q THIRD
Bank ofhe United States may meet with the
liberation of the country. Let the people pom
der on these things, and look to their servants.
1.-THE PRESIDENT MUST BE SUS-
TANNED" was our motto on taking charge of
this press, and we can now add with the con-
fidence of certainty that he WILL be sustain
ed, in spite of secret conspirators and avowed
hostile factions. The policy that he has adopt
ed viz: "MoDERATE coUNsELs AND MODERATE
MEASURES" will not -crfN be the salvation of the
country, but frown down all opposition but that
of the utras of parties, and the malignant