The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-12-07
N..ouul Bank !. The only proper means Of negotiating

National Bank is the only proper means Of regulating
the currency.
The other party denies the power Of Congress to
create National Bank or BY any direct Legislation
10 regulate the currency. For oreyg ' VIC
shall style them the bank aud sntbank parties: for
Ten years past the ant-bank party have oeen 'h inc
ascendant majority Of the Wings Of ioao were
Of the bank party but that question was not ~ issue
in the contest Of that year The Harrison ana iyer
party trumphed by the aid Of the States rights T.
lions Of The two great rival parties denominssed
wings and democrats. The result Of that contest
placed States rights aDii-bank wing, IN the rres
dency, The leaders Of both the great antagonist
bank and anti bank parties we're defeated the one
by failing 10 get the nomination Of his party and The
other in fair trial Of strength before the people
Both the defeated leaders became equally hostie 10
the President, and each grded on his armor 'or the
ensuing contest. An issue was created, upon when
another fight was 10 be made. "Bank or Suo- lreh-
sury" is now by consent Of these rival leaders, the
issues agreed upos.
In this contest, the States rights wings and demo
crats can have but little sympathy and feel but it.e
interest. The leaders Of the Bank and Sub-Ireasu-
ny parties hostile to all such would adopt any
middle ground Of compromise, aud ADJUST thls sexeu
question of the currency They have other aims than
the repose Of the country. They see in the ADJUST
ment Of this question, the termination OF their poll
teal lyes-the prostratlon Of their ambitious hopes
Hence their combined opposition to President ~,
lers several propositions There never has been ana
there will be any satisfactory reason assigned,
why MIR. Clay SO scornfully rejected the amendment
Of Mr. Ryes, to the first Bank bill which passed the
Senate, at the extra session But there was reason,
a strong and most powerful reason, operating upon
him. Had that amendment been adopted, could hare
giren the credit Of settling The currency question, to the
administration and sealed the fate Of Mr.. Clay forever
Mr.. Clay knew this, and hence he defeated it. Nor
can there be any sound and sensible reason given
why the Exchequer should not have been adopted =
II was no corporation-it had power-it was no
monster-it was entirely under the control OF Con-
gress-it was amendable and repeaable at the plea
sure Of Congress- But had that plan been adopted, the
administration tc0uld haze been credited % giring re-
p Sc to the nation. This would have laid both Clay
and Van Buren, upon the shelf Hence both opposed il.
And no,o, when the Secretary of the Treasury, un-
der the advice and sanction Of the President, and in
virtue of laws passed by Congress- has adopted plain
practicable, sensible and legitimate mode of transact
ing the business operations of the Treasury there
partysm leads them TO condemn it, simply because it
Incidentally affords important facilities to exchange,
and incidentally supplies the people with safe aud
convertible paper circulation !! But what is the true
and only ground Of their condemnation Why, il
they sanction and approve il, they deprive their
leader OF the HOBBY upon which he hopes to ride into
the Presidency! Clay press must not approve it,
because II would defeat MIR. Cay's darling scheme
a Van Buren, press must not approve it, because it
depriyes Van OF his hobby! And thus the country is
to be kept IN state Of agitation confusion and dis
quiet, for the sole benefit of these rival leaders
Has patriotism fed the country
We shall pay our compliments to the Globe to-
morrow this question, and present that print with
a few extracts from its columns in lS4l and
which show its utter restitution of principle.