Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1843-06-30
@Sya rlll5Watpa.D
FRIDAY MORNING, JUNE 3o,Is43
THE CURRENCY.


The propensity to falsehood and senseless
clamor on the subject Of United States
Bank has become such chronic malady
with universal Locofocoism, that all hope of
a cure is now abandoned. The seeds of
this baleful disease were sown by the vim
dictive feroci,y Of Old Hickory who, failing
after much effort, to make the Bank an in.
strument in his hands for political mannu-
wiring, turned up on it the whole power of
Of the Government patronage, and the popu-
lariiy Of the battle of New Orleans, and then
denounced it as subversivc of liberty, be-
cause it endcavored to save itself From
that time to this It has been deemed car
dinai point in the democratic compass
that, not merely the old U. S. Bank, bu,
any National Bank is and must be corrup,
and wicked concern; and the worthless who
claim to be the lineal descendants of the De-
mocracy of 1915, a, the command of Gen.
Jackson, turn up their noses in divine dis
gust at the bare mention of an Institution
which was begouen by the " war democrats"
and christened by Presiden, Madison himself.
Now, the consistency of these gentlemen
is certainly their own hunt, and i, must be
allowed that it will not do for them to be
stopping to recur to the maxims of the fathers
Of the "Democratic Church." because in
that case the leaders Of this day would soon
bo out of sight in their endless tergiversa-
tons and continual shiliings Of ground, bu,
1t strikes US that little less bSwling about
the identity of .Locofocoism and ancient de-
mocracy. would look quite as well in these
precious demagogues, unless they can afford
TO pay some regard TO the opinions of their
political ancestry upon this most importan,
financial question.
The truth is, and every body knows it. if
the President of the U. S. Branch Bank at
; a, Portsmouth had been removed, and Jack.
sons man appointed accordin9ro orders. we
never should have heard of the wickedness
and unconstiiutionaliiy- of the Bank. All
would have been well, and ground down be.
! meath the iron heel of Old Hickory. and the
influence of the Bank, the Country would
, have been in fact if not in name, converted
a from Republic to Despo,ism. The ole
Bank deserves great credit for the bodncs
with which it withstood the corrupt offers o
e Jacksonism, but the question has no refe.
renee to that institution. l. is not, was til,
), old Bank right but is Bank necessary ant
= expedien.! That question is invariabl,
met with mingled roar of adulalion 10 Jack
son and curses upon the old U. s. Banl
}. without the pretence of argument, or an at
]. tempt at the use ofany other weapons thai
- the inveterate prejudice against all Nationa
/. Banks, which has grown out of the oil
Is grndge. That the policy which has been i
=. successful operation for forty out of the Gfi
s. four years that our Government has s,oo
= will eventually be the one resorted to for III
u, restoration Of the currency and prosperity c
ii the country. as we'll as the safety of the pub
&c lie funds. we do not doubt and every da
Us tina, prejudice and cant succeed in pos,pou
ing its adoption. will be only a pro,ractio
Ofth national evils inseparabe from the in
y stability Of the currency, and the rccklc,
81 experimenting Of political quacks upon it.
he Letus have currency, under which o,
or fathers grew fat and flourished. lie, il
he . national currency, Is good in New Orlsal
90 in bsstsu, and perfectly good every whsr