The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1844-08-17
THE WHlGS-A NATIONAL BANK.

DIR. Clay and bis supporters have soemnly de-
clared tina, Of the in the approaching Pre-
siJentiai election, is a National Bank. This, too,
when is in the full recollection OF every one that,
The campaign of 1910, the candidates for both, the
high Offices of President and Vice President w,re
both Of them OPP osed to National Bsnk-and when
they dared no, permit that question become one of
the issues. But Dir. Clay is stubborn He
has long been he advocate OF Bank, and he j. re-
-olyed to stake all on that hoard.
One Of the first acts Of the Wing Congress. OF
lS4l was 10 pass act to establish National Bank
be evils that had been en,aiIed the country by
he corruption and mnl-adminis'ralion Of the
ull Bank which wns then wildly in the minds
ofevery one offered no restraints to the establishing
Of similar Institution. Mr. Clay was then in Con-
gfess and &C ed the Dictator His mandate must he
obeyed, and many dragooned very reluctantly
to cast their voles in favor OF new Bank The act
passed both Hou-es Of Congress, and but Tor the
ftmness Of one man the country would now have a
National Bank fastened upon Il.
John Tyler, true t. the principles he had Uniform
during the whole Of his political life avowed and
tue to the fuihIment OF the oath he had solcmrly
taken 10 support the Constitution nerpnsed hi. veto
arrested the further progress Of the Bank and pre-
served the People from being filtered and becoming
the victims TO such a corrupt and dangerous institu.
tion--as dangerous TO public liberty as it is to indvi-
dual security.
The country owes TO John Tyler debt Of ever
lasting gratitude for this single act. Singly and
alone be stood, without party to support him, inn
al a. II AZ. II
Ter did not fear nor hesitate to perform wha, he be-
heveI to be n solemn duly.
No one can have forgotten the depressed condition
the country was in at the time the Bank bill passed
and was vetoed. Public and private credit were at
the lowest ebb-eIchanges were IN a state Of utter
erangement-commerce was psralyzed -manufao-
turing establishments closed, and the products Of
agriculture without a market. Since then change
has taken place, without parallel the history of
any nation. From state OF general prostraiiou and
gloom, the whole country bears evidence of prosper
ity and happiness.
Had the Bank bill been signed and the institution
gone into operation, the Wing party would have
rung the changes throughout the whole country, Of
the services rendered by the Bank. Every change
that has occurred would have been ascribed to the
operations Of the Bank. IT would have been the
Bank that restored public credit--that caused the
present immense influx Of revenue that equaized
the exchanges that enabled people to travel from
one end Of the Union to another carrying with them
currency Of the same value every where-that fill
ed all the watering places with visters. In fact the
Bank would have been the instrument Of healing all
the disorders from which the country has recovered
Such would have been the declarations made, and
such til. claims asserted by the authors Of the Bank
bill, bad 1t been signed BY President Tyler.