The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-08-01
THE GLOBES AUDAcITY.

The Washington Globe. IL has not only dashed into
local and sectional controversies, for the obvious
| purpose Of embltering rome portions oil the De mo
cracy against others-but whilst IL has maintained
verlect parallel with the Clay Whgs In reference to
The present Administration II has quoted frequently
and freely from Federal papers, TO inJare Democrats
whose standing Is at this moment less quesiionaDie
with the party throughout the nation than that oil the
| Globe, or the master OF IN 4 concern.
| W. shall IN This article speak Of Mr. Blair coolly
and fairly. He has made, at last, an open assault
upon A. HIS indirect secret attacks could not be
mel without subjecting ourselt To the charge oil as
sailing him, though the b tteries OF the great Globe
Ihad been directed day after day, and week alter
week against The principles and policy we deemed II
our duty 10 sustain la Missouri. For the insidious
assau 1, made on US last winter the Globe was mildly
rebuked II was gently reprimanded for taking
ground against all banks. for advocating valua ION,
stop and other relief la ,s, for obviously interfering
in The local policy Of Missouri, aud even advocated
the enactment OF laws To make real estate, at It's iuli
value tender in payment Of debts!
I'm how many other State contes SIS has IL ineriered
Ia Pennsy anna Democrats have frequently had cause
to complain OF lis presumption in Ohio, the aneiul
influence Of the Globe felt last year, IN reference
TO State policy. Last winter II pened ITS batteries
| against one portion of the Democrats OF New York,
| and in favor of another Recently it has been fan
| ming the flames OF dscorJ in Ma nc and New Hamp-
SHIRE In short, after dong injury TO the party
| in the contest OF 1910 than any Federal paper IN The
Union, 1t still bent on mischief, Though begged
10 change lis course, when It's editor Is fully appraised
|
the present aspirans the Presidency. Even its
| puted iavoriie has teen constrained TO exclalm-
g Save me from such a friend"
| Having amasscd a large fortune from the public
| printing, Mr. Blair may have imagined lie uld not
be loser, and might be gailer by STRIVING to present
an issue to the nation which would or the
| other OF the extremes OF parties TO triumph, tic
therefore took ground last winter, in favor Of the
prostration of all banking, and was willing to force
| the Demo racy TO fight ON that ground against the
| advocates oil National Bank. The issue he wished
| TO make was "a National Bank, an exclusive
metallic currency That would have exactly suited
the Federalsts Few, il any, OF the States vii,
ling 10 put down all bankng--the the Federal
party could desire better sport than the De
mocrats fully committed in favor of the prostration
| OF banks Though free to admit Mr..
Blair any thing but discreet politician, II m-
possible for to arrive at the conclusion that his ul-
tiaism on currency and banking originated in mere
indscreti,n n. There was too much method in his
legned Ja atieisn to allow us TO think altogether
| ingenious. He moved towards the object he
had IN view too warIly-with more OF precau-
ton aud preparation than the headlong ultra
dreams Oh. 1t was evident his ultimate object was
cri ANAL, because he manifested consciousness that
4 could not be boldly and directly approached.
Steolthiness marked each OF his movements, and no
stronger evidence need be adduced OF meGitated
treachery. For what could the Globe / ave been II,
boring Not 10 insure the election of Democratic
President, lS4i, because the issue il proposed
would certainly have defeated the party in more than
England States, New York, Pennsy lvania, New Jer
sey, Delaware, Maryland, Virginia, Georgia, North
Carolina, Tennessee, South Carolina, Ohio, Indiana,
SC, are all unwilling TO abolish banking. Ncsparty
can sustain itself those Staies by acting the
sue the Globe would have made. Why, then, did il,
whs yet acknowledged as the organ vi the Democra-
Tic party, seek TO make such issue Ii could not
have been 10 insure the nomination and election of
Mr. an Buren,, or any other Democrat, in 1874 IL
the elevation Of any member of the party really
the ultimate object, 1t Is certain he !, not u be found
among the present aspifants TO the Presidency, and
that the movement of the Globe really designed
TO convert the next election INTO experiment.
certain whether his anti-bank notions combatted 10y
nearly every respectable Democ ac press and
pudlated 10y the " 1tIonal Convention Of 1910, could
now be forced on the Democracy for the benefit of
their opponents. MIR. Blair cannot plead ignorance,
as TO the tendency of his course this subject But,
II defeat 10 the Democracy followed, the Globe may
have consoled iseli 10y the calculation that its course
might prove highly beneficial 10 distinguished rii-
tire By piGFFiagethe great" leader Of The Federal
ISIS, who, influenced by the most liberal feelings and
the utmost Kindness towards his cons,derste kins-
man, could not iai TO reward hun for potential aid
thus indirectly afforded M motive less weighty
could have prompted the Globe to take gr una
against all banks OF issue, and IA favor of ao Wing
paper 10 be used il no shape N banking, except as
bills OF exchange his position sustained 10y the
fact that the past history Of Mr. Blair renders IT IA
ber imprudeDt and lndeI-ate, on his part, 10 con-
denim even tie present banking system, TO refer 10
the frauds Of former or existing institutions. When
bank debtors repudais, or compromise by paying one
or two per cent on their debts, which !, very much
like reputation, II not the thing Itself bank cxpo.
sIous aud frauds must follow, aud note. holders must
/ be "seiDdled" ,sdes, Mr. Blair Is too well
known ia Kentucky as the advocate and President OF
| the Bank OF the Commonwealth mere pepper ma
chine--lo be considered at this time competent TO
| reform banking system, however imperfect II
the people OF any State do worse in the way of
bIukirg, than The relief party did in Kentucky they
have To lock beyond Arkansas Illinois, Mis-
s'ssiPpi, for models. The paper sy.tem was more
perfectly tested in Kentucky than II has since been
| by the unfortunate MssissIppians Al one ses ION
MIR Blair and his friends procured charters for forty
three banks-the capitals consist Of the cred of
stockholders who purchased stock on credii-and As
! a necessary consequence, tie swindliie shorsn
were nearly all closed up IN less THAI a year after
they were put into operation. That experiment did
not satisfy the gentlemen They supposed the credit
used was not OF the right Sort and soon persu ldcd
themselves that commonwealth credit based on the dis
position and capnciy Of demag, que legislators 10 tax
the people, TO redeem paper loaned 10 favored ndi-
yduas, would constitute basi, sufficiently solid for
! extensive banking operations! Accordingly the
Bank Of the Commonwealth-with a capital of four
! CT fys millions Of public Cah-was established aud
IN return for the and Blair rendered in the crea
ton Of that institution, he made its President
we mean, after Ms paper had deprecated fifty per
don the sinking ship. A dandy loafer advocating
national industry, could not appear more udir ron.
than does the editor Of the Globe whilst d,nouncina
paper machines or calling all banks " sW indline
shops' and however contracted gasp of intel
lcct may be, we will not undcrrste ms intelligence
by seeming TO infer that his course was no, designed
TO overthrow The Democrats and secure the election
! OF tie great leader Of their opponen y Bui to
the recent assault Of the Globe upon u.s. It copies
and endorses an extract o letter published IN the
kentucky Reporter, Mr.. Gays organ, from which
We clip the following:
Now, don't consd der me crazy II ! say TO YOU
That, II Mr. Van Buren, is the candidate Of the Dem
ocrauc party there Will be an even chance of our
)eatmg him IN Missouri We base our calculations
upon the following facts The divisions Of the Loco
I Gf,t. ~