The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-03-10

"S>c cofuc ouWu ~ us IrVU tuc oeuns ~ WI H~'~~
ancestors. And that shah cslssm my efforts to
sustain them, even thougi, perish. more honorable
,han 10 WIN lhe applause Of men BY sacrihce vi my
duty and my conscience f"
Where, ssk. in the records of Greece or Rome,
is there 10 be found noble instance Of de-
sotedn s. 10 country than this asae
Feiiow-czens, am no Tyler man, because am
no mans man but IN the true spirit Of democracy,
am really 10 deal out honor 10 whom IL is due
(Cheers) Ire eat II, without fear Of contradiction,
that the obligation Of lasting gratitude has been cast
upon the democracy Of America by John Tyler. A
very good man, speaking OF MIR. Tyler some time
since, and candidy avowng his sentiments Of the
political men Of The d,y said, II like Mr.. Tyler
well--he IS good man and sound demo
crat-but he has lately been found in very
with the romp,ness that distinguished his character,
repli d. ''it was well for the people Of America was
found in such company" loud cheers.)
II was well for the people of America that
he was the man chosen to fill the second
Office IN the gift Of free people for had any 9th :
er man elected by The same party, filed that office,
The results would have been terrible indeed The
bank charter would have been renewed, and the as
sumption Of he State debts by the Federal Govern
mept would have been carried into effect. The same
de~polc party, who had led them through twelve
y are war, and who had only been subdued by sold
hickory" would have been rampant again had not
John Tyler cut he throat and drawn the fangs of the
monster. Notwithstanding The ruse now PLAYING in
Congre-- by The Wings, am well aware that it
was Their intention to carry out both these measures
which would have placed every man, woman and
ch'ld 10 the States under additional burden of tax
alton regret that time prevents my going more
INTO detail upon these important subjects. cannot
out rei'erate the sentiment that well for the
people that John Tyler, found in such COMPANY
CHEERS and laughter
There was no objection taken TO John Tyler on ac-
count Of his democracy, but upon the ground of his
having repealed The independent treasury before any
o.he1 provision was made to supply the exigency.
But Tyler was deceived on that subject he did not
know the rottenDess of the wing party. He cacula-
led that they would at. adopt proper copstiu-
tiona measures 10 supply the place Of the indepen-
dent treasury lie thought that there was some pa
trotsm--some honor some honesty in that marty
but they deceived him. And for this there is a cry
raised against him. and for this error he is to be CON
demned.
Another cause Of complaint is his recommends
ton OF the Exchequer. In all the feature. vf that
system do not concur. ! believe that the ndepen-
dent treasury, with certain additions, would perform
all Ire necessary functions of the fiscal agent II
was President Tyler's duty to recommend some plan
10 meet the exlgency caused by the hollow earted
party who had elected him TO office, and he recon-
mended that plan which he honestly believed to be
The most just and equitable
He had considered the bank condemned by the
people, and the sub-treasury also and acted upon
that belie ln the struggle of 1910, took an active
part IN behalf Of Mr.. Van Buren,; not bounding my
abors by the line of counties of States but taking
part, wherever invited, in the great political battle
| dld so because Van Buren, was the candidate of
democracy, and because approved of his principles;
and | now come forward to take the same stand for
John Tyler, because he has proved his democracy
not inferior TO any man hat filled the presden
tal char. Great cheering lf the democracy con
denim John Tyler for the action he has taken upon
the Exchequer, they must also condemn Jefferson
and Jackson for the recommendation of similar mea-
sures. Here IS the opinion of Jefferson upon this
subject
"Now, while We are strong, il is the greatest duty
we owe 10 the safety Of Constitution to bring
this powerful enemy to perfect subordination un-
der the authorities. The first measure would be to
reduce them to an equal footing only with other
banks, as To The iavors Of Government. But, in or
der 10 be able 10 meet general combination Of the
banks against Us, a critical emergency could We
not make beginning towards independent use of
our own money, towards holding our own bank all
IN the repositories where it is received and letting
the treasurer give his draft note for payment al
any particular place. which, in a weIl-conducted 60
vernment, ought to have much credit as any pri-
vae draft, or bank note, BILL and would give us
the same facilities which we derive fr m the
banks: :"
Thus, you see, that in 1924, Mr.. Jefferson recon- |
mended similar institution to that recommended by
MI Tyler This question has been dismissed from
the public m nd by the action of Congress and
would not refer TO It but 10 show those " no would
make pretext Of caviiing with Mr.. Tyler on ac- |
count oil that particular question: thai they mus, be
content TO condemn the father and expounder of De-
mocracy, Jefferson, in the same sentence with Mr. |
Tyler.
Gen jackson himself recommended q similar in |
stllulon, as shall prove you from passage from
one OF his messages OF 1891
at is thought practic able to organise suob baot
WIN lhe necessary officers, as branch of the Trea-
'ury Department, based on the public and individual
deposl,es, without power To make loans or purchase
properly which shall remit the funds of the Govern
ment, and tie expense OF which NAV be maid II
thought advisable, by allowing the officers to sell |
DIS oi exchange 10 private individuals at a mode
rate premium Not being corporate BODY having
no stockholders, debtors or property ard but few OF
cers would not be obnoxious 10 the constitutional
objections which are urged against the present
oiik ana having no means 10 operate upon the
hopes, fears or interests Of large masses Of the
munity,u would be sborn Of the influence which makes
that bank formidable. The States would be STRENGTH
ehed by having IN their hards the means of
furnishing the local paper currency through their
own banks while the Bank Of the United STATES
though issuing no paper, would check the issue. of
HE State banks by taking their notes on de pose and
Tor exchange only 20 long as they continue 10 be ia
Jeemed with specie. Ia times of public emergency
he capacities of such an institution might he or,
arged by legislative provisions"
BY this, you will perceive that similar oninion,
we're held by those leaders Of the democratic marty
,no Nere always looked upon as the opponents of
'e''v P.'n''Pes' Are we prepared TO sacri-
nee Them tbsts may immediate Tyler aIsoi The
POSITION ~ which he found himself rem erred il peces
a's ne should recommend some measure and when
nc recommended one having such precedent. he
'oud rot be thought to have acted in any other way
nan strictly democratic. [Cheers
Nhen The democratic Congress is assembled he
would most probably refer the subject TO them and
hey would act upon II, and thus settle the matter at
'nce ana forever Was any other evidence wanted
y The democracy Of John Tyler IL was furnished by
he iaci that IN his native State he had received the
'roud distinction ofrepresenting the democratic par
y ~ 'heir Legislature, and in Congress Virginia
i'o conferred repeated bonors upon him, and nearly
o the time Of h receiving the nomir.s,on for V,cc
PRESIDENT, had continued him as her representative