Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1843-07-11
-. -. OWENS ADDRESS
TO he Electors Of tie First Cor. Disirici

FELLOW CrrIzHSs or THE Frrsr DssrRrcr:
We were promised good times and rcviv
iag trade - soon rs the Democratic party
were ousted from power. More than two
years have passed. and things got worse
every day. five ask how this happens, they
tell W.. that General iIarrisons unfortunate
death has caused it all. They speak OF John
Tyler rs n traitor, and make Il sort of scape-
goat Of him to bear every sin that may be
charged witha.
There is no fairness in this. President
TYLER defeated the distribution clause in the
first tariff bill. and vetoed two or thrcc bank
projects Beyond this. in what important
matter has he thwartcd the purposes or inill-
cnccd the measures of the party that elected
him! Uhaf ha4 h. 10 do sriM he apprqpria-
hons or h~ir amount? or with the expenses OF
Congress, Or with the bankrupt law. first
passed and then repealed Did not Tyler
approve thc repeal OF the sub-treasury, the
great bugbcar of 1910! Did hc not approve
the new tariff law, with Its high duties! Did
he oppose any proposal to rctrcnch! any pro-
cct to reform, No; nothing of the kind.
lie acted with the party that elected him on
every important point except these two. dis
tribution and United States Bank. And
even rs regards distribution nc approx ID
their first bill.
The effect OF thc distribution clause. far
Is it went, was TO empty the treasury and in
crease the debt. Tylcr's veto. on that sub
jcct, therefore. was calculated to assist his
party out of their difficulties. They ought
to be thankful to him for it.
Is TO the bank veto. there will be various
opinions about it.. The party who elected
-. 4.
say that Il United States Bank was the true
question bctwccn the parties. They told u,
that General Harrison no bank man, and
that John TYLER was no bank man. In the
last case. they told IL. il seems, the exact
truth: what course General Harrison would
have pursued. had his life been spared. We
can never know; death saved him probabl,
from many painful scenes of bitter violence
and party strife.
But if bank bill had bccn passed. wha
then, Would it have made times goodl-oi
at least permanently goodl Have YOU forgot
ten what happened, and what sort OF time
we had. for MANY years after the last nitc'
States Bank was chartered! Ii YOU have. lc
me remind YOU of Il few items.
The Bank was chartered in lSl6. Miles
and he. YOU know, was no locotoco -wrot
thus. in his Register of June %. 1919:
Whcn the Bank Of the United States started discount
were granted TO almost all that asked for themone M
lion to one half million to another and so, by hun
d,eIs Of thousands until the down to I'll
one aud two thousands which sober and productiv
peope were eniiced borrow Whv. boys had he'
tscnfies. hrfies and fffy thousands Bank bills eoul
not be signed fast enough and Congress was bored
allow the Bank employ about twenty men for that Pu
nose they could not, without such relief fill up the d,
mand for their currency they wanted nothing bot I'll
means. through signing Of notes. 10 give the people
wholesome medium But in the heyday OF the times II
Bank seems have forgotten 1t possible, that pa,
renf might be demaud for these notes and when the
began to in there necessity for dImnlsair
the amount Of their discounts. The small Gcc0mDiod
fons by ten times the safest and most profitable OF an
which the Bank had first rcmorselessy thrown out
the ruin of good men, and the distress Of OF
ers.-fa5e 2se--9o
1t was old IIczckah Niles, remember.
Wing. but IN honest and plain spoken on
who wrote the above. and not Robert Ia
Owen.
If YOU arc curious to know what the sta
OF the Western country was. in those time
will copy again from Niles; date June
1919. about f,ro years and half after I'll
Bonl was chartered. Hear what he says:
9Th. following picture of the state of the Weste
country taken om the Frankfort Argus and shows
madness of not making some prompt aud decisive effort
relieve the from disastrous situation "Nes
.iiu The recollection Of oldest citizens has the
pect OF times IT regards property. been SO alarming
have but little money circu!atIon and that little Is
" diminishing by the universal calls of the Banks.
Their lands negroes any other article be sold
half their value cash while execution t. the amot
Of many hundred thousand dollars. are han. ins
heads Of our citizens VIVA. be done In (,
months no deb, be paid. money viii he in circu
ton to the ordinary purposes OF human lite. w
rants suits and executions will DC more abundant III
bank notes and the country will eShihi, of SC
fling the poor remnants of individual fortunes, VIII
the world has not witnessed.
like TO quote from Niles. for no one. lc
Of all the Wings. can dispute his author
could give YOU half dozen more such q
tations; but perhaps YOU would rather ha
one from Henry Clay. l can furnish tn
loo.
Henry Clay. in speech in favor OF
tariff in 1921. published in In, life BY Pr
ticc. has the following passages:
In casting our eyes around US. the most promir
circumstance which fixes attention and challenges
deepest regret, the general dsfres ,chich perrGdes
.,tole country /, indicated BY the diminished exp
of native produce. by the depressed and reduced
our foreign navigation, by successive nnshresed CROP
grain t,rishng IA barns and yards for
T1Grkeft the alarming dimnu,on OF the circulating m
um hy tic numerous bankruptcies. &c. &c' -
.-Aoe mass Of the property Of the nation has a
age sunk not less than ftfv per cer within few yea