Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1844-08-20
THE UNITED STATES BANK ISSUE:
IT'S DANGERS TO THE LABORlNG
CLASSES

CLASSES.
Have the people ofthe Union--the hard
working labcrers of the country, fully re-
Elected upon the consequences of the re-cs-
tablishment of gigantic Bank? MIR. CLAY
and the wing party are pledged to the crea-
ton of Bank. - his canno, be now denied
They have made it an issue through Mr..
Clay's speach at Raleigh, which has been
called " chart of wing principles, and the
votes Of the wing members of The House of
Representatives against the ant-Bank reso-
lutlons Of Mr.. ELLIS of New York, show that
Mr. C.'s sentiments are those of the great
body of his party.
The question is simple. VIII the mass
of the People derive any advantages from
the creation of another Banke VIII it add
10 the wages of their labor? Will it give
them any higher position in the social scale
of the nation? On the contrary, would not
the establishment of National Bank tend
still farther 10 perpetuate and widen the
differences between the rich and the poor
Can this be desirable? Can tins be demo
cratic? Does not the mimi ofihe true dem
ocrat see with regret that society in this
country is already too widely severed by the
gulf of wealth? Should the ilwgiver add to
this baryier,and increase still farther the over
grown power of Capital by the creation Of
another Bank? Most certainly not. Is it
not rather the first object ofthe comprehen-
sve and patriotic statesman, in republican
country like ours, where equality is essen
tlal in order to give permanence to our gov
eminent, to firmly oppose measures of this
tendency?
:. The greatest good of the greatest num-
ber' does not, as we regret TO say some
wings hold, result from the greatest boun-
ties meted out TO them from compassion, by
the privileged classes of society.
On the contrary, every true democrat
holds that the laws of the land should be so
just and impartial that "ihe greatest good of
the greatest NUMBER can be worked out bv
themselves, and not meted out to them by
the compassion or the kindness of the more
favored classes. This is one of the great
reasons why the opposition TO United
States Bank is SO deep and prevailing among
the masses. They perceive that it does not
add to their greatest good, that the rlls of
lis fertility flow upon the fortunate few who
receive It's mdulgenccs or obtained its con-
troll. The masses may receive some indi-
wv bShSit itOilI tuS Ntly JloSIlCiliy vi tuOSt
thus favored by the legislation of the nation;
but such certainly cannot be the object ola
wise or patriotic government If possible,
special privileges should ever be avoided,
because grants TO one, beget morbid desire
IN Others to ask favors and grants from the
Legislative power, until, as in the old coun-
tres OF tax-rIdden and privileged Europe,
society is really, though not nominally,
divided between the thousands who are
masters, and the millions who are slaves
DO we speak too strongly, when we intimate
that u. S. Bank is one of the great
iortresses OF Privilege against the advances
OF Progress?l
We shall soon add few remarks as TO
the effects the creation Of the u S. Bank
would at this time, exert in disturbing and
convulslng tho business of the nation.
Albany Argus.