The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-10-17

10 MIR. Crawford, or blr. Calhoun 10 1924. The ne
pub lean party assumed the namo OF Democratic
Republican parry by way Of contrast, suppose, 70
The National Republicans The Democratic Repub
lican and National Republican parties were arIa,ed
distinctly against each other IN the contest OF iosp'
between Jackson aud Adams MIR. Adams was de-
leated Is the National Republican candidate. mr..
Clay heeamu the candidate OF that party ~ lc5s anu
was most sgnaly defeated by the re election oil Gen
Jackson
soon after the 70. election, ian 1872. Of Gen. jack
son, his proclamation issued containing doctrines
which were unsatisfactory 20 most Of his friends, as
we'll those who disapproyed as those who approved
the course of South Carolina with regard 10 the 'arh
aet--doctrnes which applaadrd by The Naiion-
al Republicans, aud afterwards explained by the au-
thority of General Jackson himsef la 1883 inc
deposites were removed from the u. >. Bank, where
they had been placed by the act cbartering the BANK
in 1916 This was done by the Executive under car
cuuns,ances which induced a large number OF thoso
who had supported General jackson In 1898 and IN
1892 TO condemn the act was one OF that number
aud as o member of the Virginia Legislature, oner
ed resolution declaring that no direct or 'mpied
sanction was iptended favorable 10 U. ~ bank 10y
the condemnation Of the order removing The depo'
sites. The National Republicans condemned II also
because il was blow aimed al the Bank. They Know
then they know now, that in their advocacy oil inc
Bank a Bank there no concurrence whatever
between themselves and that portion oil the JACKSON
party which united with them IN condcmning me
The deposi,cs Their object was then, as II Is now
to obtain National Bank. Nino,y-nine hundred'hs
of the jackson party who condemned inc removal o.
the depostes were then opposed 10 the eohs'sruon-
aty and expediency Of q National Bank" iheie
was il possible still less concurrence between thc
jackson men who condemned the removal OF The de-
posiics and the National Republicans IN regard 70
the tariff That portion Of the Jackson party VINO
condemned this Executive act we're generaiy 'ho
most ultra anti tariff men.
az. in Ia ~
was formed. II could not have been organized thcn,
nor could il have acted tremendously on any one on
the present political issues al any moment iron 1854
TO l34l Ii the bank or the tariff or Mr. Gay eec-
ton had been urged party measure by the wings,
that portion of them who had belonged to the jack
son party would have co operated with the democratic
party with whom they agreed aud with whom liey
had acted on these questions and against Nlr Clay
The name of national republican was dropped and
that Of wing was assumed, TO indicate not only the
points Of agreement, but also the points oil disagree
ment among the elements of the Wing party The
removal Of the depostes the first point OF agree
ment or co operation. Ii was followed by the pro-
test, which grew out Of il. The expunge followed
and was likewise connected with the removal OF inc
deposites. 1t urged that the power OF appoint
ing and removing public officers (aso an executive
power) was abused. Executive abuses and executive
reforms therefore were the only party issues urged
by the Wings before the people. II was denied most
emphatcally and authoritativey that the Wing party
was a bank tariff or Clay party.
10 1886, Judge White was the Wing candidate for
president. Gen. Harrisons name was associated
with his but that portion of the wing party who had
been Jackson men, with very few exceptions, then
refused to vote Tor HARRISON from the apprehension
that he was a national republican. The same obJec-
ton would then have applied with still greater iorce
to MIR. Clay.
In 1897, there was general suspension of the
banks and the proposition was made under MT an
Buruns administration 10 separate the Treasury en-
tiiely from the banks, State and Federal. II was
opposed by all the advocates of National Bank and
at first by many of its opponents under the hope that
some system could be devised with the cooperation
of the State banks, to avoid the charter Of United
States Bank and the adoption OF the Independent
Treasury. II was feared by some that Government
Bank would result from the plan of divorce as pro-
posed by others, that the influence OF the Federal
Government would be brought TO bear inJuriousIy on
State institutions. The National Bank had failed 10
obtain renewal of its charter from Congress, and to
cover its unsound condition, had procured one from
the Legislature of Pennsy lvania. The suspension
was soon followed by general failure OF the bank
ing system, and the most startling frauds were ex-
posed. The banks, many of them unable TO meet
their OVID engagements, were all too much embai-
raised TO afford any relief TO the embarrassments OF
Others to which they had contributed so much Fub-
lie confidence in the system was extensively impair
ed and few could be found willing TO invest money
under National or State charters.
The Wing National Convention assembled at Har-
risburg in 1899. That convention refused 10 nomi'
nate Mr., Clay-General Harrison nominated
he was proclaimed, canvassed and voted for in many
States particularly Virginia, as Jetersoulan Re
publican as an anti Bank man, and scrupulously IN
favor of the Compromise act. He and his friends
were pledged to investigate and reform the Execu-
tive abuses of the Government, while 1t was denied
that they or he sought establish 4 National Bank
or enact Protective Tariff. The 9Th Congress was
composed OF q commanding majority of Wings IN
L. L...,- in IRA, nnHa
Harrisons proclamation, and was convened TO supply
ways and means for the Government The cXecu
tive functions had deyolved after General Harrison
death, on Nr Tyler, who had been nominated and
elected Vice President under the same pledges. III
there was any difference between his position and that
OF General Harrison, il was that Mr. Tyler was
known TO be seadiastIy opposed TO the leading
measures which were subsequently pressed by the
Wing party, aud of which met his decisive We
to- In reference to all legislative questions then, the
Wing party protested Democratic principles before
the election.
The country had right TO expect after all this
that some measures would have been adopted 10 de.
tect expose, and correct the excessive abuses which
had been so loudly complained Of 1t is true that the
removal Of the deposiies, the expunge, the protest,
SC had long since ceased to he practical questions,
and nothing could be done in reference to them in
1871. What did the Wing party propose to doi To
charter a National Bank-to repeal the Compromise
act--to enact high and unequal protective tariff
TO distribute the proceeds OF the public lands al a
time when the Treasury was empty, and when the
Government was compelled TO resort 70 loans and
Treasury notes TO defray its ordinary expcnses--to
enact Bankrupt law-to vote gratuities from the
Treasury to individuals well the States and TO
impeach their own President. The only measure OF
Executive reform which | recollect as meeting the
general appreciation Of the Wing party was the pro-
position TO abolish the veto power from the Constitu
lion, and this was urged an after thought because
that power used 10 prevent the charter Of the
Bank, by who, like themselves, stood pledged to
the country against a Bank
Soon after the commencement Of the extra session
a select nm ee appointed, on my motion, to
investigate the various departments Of the Govern
ment 10 inquire whether the expenditures Of Govern
ment could be reduced, the patronage Of the Exccu-
tive diminished, and TO report such measures Of re-
form as our examinations might suggest. After ma.