The hornet., 1843-09-05

giiffst ~ tie toiid dsmsafsif Tie eseast
tlen sai hsfmeng lsls8R siisgsthsf ~ ii,s
hohdsfH To rHufiI.ais aal hsfH4otta i,6yst
! HpaH sHeh tffwas wsHA h. b.fhlf eftaHHsl.aa
+ u e. II ~ ~ Hldt insult h. ,al4fg. Wsfs
30 pflnHpls iHFglted. 10 auFpou = ftssst NOM.
iaaisd W e kRitifitfs fgafat. uhsa Il 4
known that 4ftsf a fis dfumWiaf ana etlf.ag.
msfiiHRR N ils pe8pIs - 4pp4at tsuaas b.
ths convention could nsi D. bsl. ~ 20 argue
Hiile ~ ilf ihieffHishfs ~ sa.a ssHsr sf fffe
people Thee fepai8igfftts 8f ts tapbaef
one sho bad been fspa,iaisd ~ lee. a0sf eve.
~ sasH h8d hssn made ~ hafgHs anl Il.
ffiRHf f9f tie Fufematafaf afffs wha hss
given The dearest evidence IF saBt ~ efFas
/ Ieliy@one whp has lowefsd ths dignity n tbs
Office be- holds ~ - Iow sa sbb, that many
hIgh minded RenHemsn have femplea wbsihef
They would NOT be dahehsfsA iH accepting HI.
aHd get ibs worthy il placed upoa ilis tckst
l1f Congress. To question the pfapdsty sf
Follng iof bim, els producing a if4m IN The
democratic Hass"==and 10 ID vas aad uf tie
notorious Gmg0.
would Ike 10 know bow ii is That ibis pof.
ton Of the democratic family, who have adopt.
ed q creed unknown a. the democrats III any
other State, denounced by the great leaders of
tie party throughout the world. repuInted by
The intelligent aud wealthy of our own State.
can have The aiIfontery to claim the right 10
dictate principles and the policy to he pursued,
and then assert that not to allow them this
right Is producing schlsm IN the democratic
family. As well might the prodigaI son claim
the right to dictate to his father.
1t is known when the subject Of reputation
was FIRST broachcd, 1t found bat little favor
The interested and designing dclnagogues
well knew, from the peculiar situation Of the
country, the great embarrassment Of the peo.
pic generally in pecuniary point of view, the
immense interest involved by the debtors 10
the Union Bank, the general seIfshness of
that much capital could be made
from this new doctrine. As such they laid
hold OF IL and the benefit has resulted 10 them,
while millions have been lost TO the people,
Nor are these benefits at an end. Places of
honor and profit are still to be had the same
prejudces against banks, the same indebted.
ness to them exist. To repudiate every debt
to these institutions, sis serving the people,"
30 say these demagogueS, and SO say many OF
the unthinkng multitude. The policy has
been TO prevent banks from collecting dollar,
and then curse them for not cashing their
notes. The designing demagogue knows the |
people hold bank notes, and while he owes the
bank, to pursue such policy as will depreciae
the money, is so much clear gain to him and
SO much loss to the bill holder; and every cent
the bill holder ooses, increases his curses
against the bank and adds something to him. |
For the proof of all this look at the efforts !
made in the legislature to kill all debts to the |
IT,, a. bor Il
wituods their effect; depreciation, depreciation,
depreciation, until the bank note is not worth |
;hueks. The bill holder, generally the com
non people of the country, as he loOSes, he
curses the bank, the debtor gains, yet you hear
lim join the cry, down with these damned
Institutions. The poor people are made to
believe he is their best friend, while stabbing
hem TO the heart. Some VINO are not indebt-
I'd to any bank, make capital for themselves
1y joining the cry, deing the best service to
he debtors of the bank and running the peo-
Die. The same game is now at play. The
Union Bank with her ten or eleven millions of
lebts cannot collect doIlar--the predjudices
against banks are such, no debt can be collect
ID, nor will the legislature aid her to do so.-
To save the assets might have the effect to
enhance the price of the money. II so, the
lebtor looses just that much. The holder of
he bill and the creditors of the bank general
y, would be gamers to that amount. This
policy would be ruinous to the prospects of ;
epudiators generally. The debtor and those {
Who NAV hope TO ride into office upon this I
nisdrected prejudice of the people, would be {
uined if correct principles for the payment S
f debts should prevail. Hence this hostility |
o bond-paying democracy, hence the cry OF q
ank democrats. Where is the democrat that i
dvocates the chartering single one; but if /
ou require the banks 10 pay her liabilities, in i
he name of common justice give them the n
over to collect. This would have produced I
O embarrassment. The debtor could pay the q
ank with her own paper, producing good TO n
nose who held their money by making a de- n
land for such money.
This plain, honest, common sense view of
ne subject would not do these loving, patriotic t.
lends of the people--they know too well the a
uttered side of their bread. Taxation, and a
lis prejudice against banks, must serve them I
J it has done, for some time yet TO come p