The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-10-10
MR.. CLAY AND AN OLD-FASHIONED
BANK

The elections in several States are now about
to take place, and in most of them the ultra
Wings are rallyiDg under the name of Henry
Clay. This is all right enough. They must
have their leader, and, TO be OF service, his name
must be freely used. But there is point in
the positions assumed by these radicals, which
requires little attention, and that is the fact of
their unfurlng the old banners Gin particular
sections) used many years ago, inscribed, IA
National Bank" San Old Fashioned Bank"
&C., &c. Let US compare notes. When Har
rison and Tyler were running in 1910, the
ums every line that looked like limiting at Ma
tiona Bank and whenever a direct charge
from Democratic editor compelled these gen
temen to name the animal, it was always spo
ken Of as an exploded phantom,-a thing to
which the People were opposed,-a machine no
longer required by the necessities any branch
of industry. The idea of "regul1ting the cur
rency" was advocated by the Wing presses, but
il was in negative form, and generally en-
braced in declaration against the Independent
Treasury system. General Harrison declared
against a Bank, and the Wings at the North
and East published that declaration far and
wide, to bring in the support of the Democrats.
Mr.. Tyler declared that he could never sign a
charter while the Constitution remained unalter-
ed. Here, Wing consciences were touched a
little, and they suppressed that letter, judging it
best to sag nothing on that point, as Bank
n T,.t, ofy ~ ,
Harrison and Tyler were both elected as an
IT, Bank candidates. No sooner was General
Harrison inaugurated than he was beset TO call
an extra session Of Congress to tuln every thing
to gold Before these Congressional alchymists
convened, an inscruable Providence had seen
decided, and honest present Chief Magistrate
took the Executive chair under the authority of
the Constitution.
AT once the Wings began TO tremble for their
secret principles, and why? Why was it that al
most Immediately on the first Bank project be-
ing introduced, some Of the Wing presses de-
cIared that John Tyler would not approve the
bill The rumors were said TO proceed from
the White House, and that the Presidents
sons had disclosed their fathers new opinions
The real source whence first emanated these
reports was the Wing leaders in the preceding
Congress. The suppressed letter of Mr. Tyler
TO MIR. Wise was familiar to all these gentle
men, and hence the statement first limited and
at last declared by the Wing presses, that John
Tyler never would sign charter for National
Bank They declared this long before the bill
passed. and from the day of Harrson's inau-
guration to the date of the veto, the President
had carefully avoided any expression of opinion
relative 10 Bank, because he acted under the
impression that Congress ought to prepare mea-
sures without concert from the Executive man
sion. They knew all about what the President
would do long before the bill was ready, and as
soon as it went to him, they openly declared it
would be vetoed This was no mesmeric con-
clusion, but drawn positively from that very let
ter TO Mr.. Wise; as it could have been pro-
cured from no subsequent source.
Two Bank bills were vetoed at the extra
session ;yet the Congressional chamelions start
ed home TO rouse the very stones of their vari-
Gus States, and Numbered for Bank In 1910
the Bank question was smothered, and Harri-
son and "Tyler, too" swept the Union like
an avalanche In lS4l, under the Bapk with two
vetoes TO assist them and TO roar against. State
after State turned over, and the vetoes were
sustained by a large aggregate majority. The
Democracy, that rallied under their tried friends,
Harrison and Tyler, in 1910, and sweed the
ranks of the Wings, because of the well-known
those Wings 10 fight their own battles, which