The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-02-04

try; IL may have been seized with monomana on the
subject Of the currency or il may have arrived al
tho conclusion that ~ many of the banks have Ga
poded, and such Institutions become unpopular, po-
ieai capital may DO made by urging the extirpation
Of them all. BE this at II may, neither feel dis
posed To adopt the sagares of The Globe, to rely 90
It's calculations 10 follow In its wake. We shan
define our position on tins grave question, and we
trust other Democratic editors viii sec the prophecy
OF course, aud lay their views before the Public
How often has tie charge been denied, that The
Democrats were hostile TO all banks Ii has been a
thousand lines thrown in our teeth by the Federal
lists and the Globe, and factions In Ohio aud Mis-
souri, verifying IT, by their avowals and their
conduct Are Democrats generally thus ultra, or
are they not IL the great body of the Democrat,
are MOI hostile TO all banks of issue, however sound
and well-managed they owe II 10 themselves TO en-
pr, IS their sentiments boldly aud give tone To the
party IL they do not, they will be held responsible
for the uraism Of In whose opinions they do not
concur Besides, il is alike dangerous aud criminal
to allow few TO speak for great party, and
promulge its creed, doctrines which II has never
sanctioned. II the press generally shall observe ST.
ence, the Globe, and the ultra factions ia Ohio and
Missouri will form new issue with political OPP
ponents, aud We need not say what will be the nev
table result.
For one then, say, we are in favor OF we'll
guarded banks of issue We would reform the sys-
tem--not annihilate it. We would erect additional
barrers-obtan increased security for the redemp-
lectually, the principle Of individual liability Re
form, not destruction IS our purpose.
II was on this ground the Democrat planted
themselves in Ohio, and they succeeded BY very
lean majority. Now the Tappans, the Byingons,
and McNulty's, ara urging the Democrats to rush
in advance of public opinion-to crush all banks,
fast their charters may expre-and what do
we see' majority Of the Democratic papers, and
the Democrats adhering to the doctrine of reform,
and the hard-mcney men, aided by the Wings refu-
sing to recharer old create new banks. The
Democrats divided, and ii they cannot re-lnite
the Wings will obtain command OF the State, and
hold IT long enough TO create NV banks, and TO give
its vote To aIr Clay The Globe cannot be blind or
ignorant Of the state of things which exists in the
State Of Ohio Them what can it mean, by pressing
doctrines which are producing such disastrous re-
suls-which any man OF common sense must know
will be opposed by vast majority of the American
people,
The question whether all banks of issue shall be
closed as their charters expire, is momentou. es-
pecially in the midst of general pecuniary pres
sure, that It cannot be pressed without merging all
others This is obvious yet the Globe, and factions
in Ohio and Missouri, are pressing this very ques-
ton-striying TO make il the sue between the two
great parties of the country III allowed to go on,
unchecked or unopposed, the Democratic party will
inevitably be divided and defeated They may not
desire such a result--we say may not-but il they
do not, they are undoubtedly labo"ing to produce it,
Let this be remembered Strange changes have &C.
Cured, aud may occur again.
Ii the Wings are again to succeed, and establish
National Bank, only be by the indirect aid of ui-
ira Democrats, earring against all banks Of ISSUE and
forcing the people, ,cho neither condition nor IN
The mood TO consent TO such radical change, 10 sustain
Federal piecs, IN preference 10 such they may deem
destructive.
II II be honest ignorance that would force the De-
mocracy of this country into this ISSUE it should
be SCI right. lfit is determination to belray and
overthrow the party The design should be promptly
and sternly rebuked.