The Cadiz sentinel. [volume] (Cadiz, Ohio) 184?-1851, 1844-07-31
SOUND SENTIMENTS.
MIR. CHAPPELL, OF GEORGIA.


Our readers will recollect that in publishing
lot of renunclaiions in the Sentinel few weeks
since, we gave that of Mr.. ChappeIl, of Georgia,
a whig member of Congress- Mr. Chappell has
recently come out in a lengthy and exceedingly
able letter to his constituents, giving his reasons
for leaving the Federal party, and joining with
the Democracy in eleyating james K Polk to
the Presidential chair. lie discusses the vari-
Gus questions which divide the two political par
ties of this country, with uncommon ability.
We select that portion of Mr. Chappell's letter
which has reference to National Bank, one of
the darling objects of Henry Clay:
THE BANK
"Gentlemen, with the profound conviction
entertain of the want of even the semblance of
necessity, for the creation of National Bank,
ON account of the present or probable state of
the currency; believing also that such is the sem
timent of most considerate and enlightened men,
eveu among the wings, who are not willing to
make such i question party football am sat
isfed that if Bank should be established du-
ring the coming administration, it will be done
as mere party measure, and the ferceness of
the party war Of which it will be the object
throughout its existence, will be without exam
pie. If the General Government desires TO pro-
woke the States of the URion TO notification and
every species of dangerous extremity, lei it, as
now proposed, establish a National Bank as a
mere party measure-a party englne-as vast
money power for Strengthening the hands of the
Government. For, gentlemen, if this thing shall
be done, is it not clear that it must be done
with these yiews-at least with this effect? For
to ask for Bank for the sake Of a sound cur
rency, after the currency has worked itself
sound, is quite as preposterous as II would be TO
IsuhIcct man TO a strong course of medicine af-
Ter he had recovered from a severe malady by
the mere powers of nature, without the help of
medicine Surely, Constitution that can get
well without the aid of physic, may be properly
trusted to keep we'll without its aid. AT all
events, it is certainly entitled to a respite from
the DOCTORS hands until it shall begin to show
some symptoms of returning disease
II tell you, gentlemen, that formy part, TO lay
lis strong hand on this now healthy country, and
force a National Bank down its throat as mere
party measure, will be the most fearful currency
experiment that ever was practsed in the tide Of
times. trust that that potion of the wings of
The South who signalizcd themselves by being
against Bank when they should have been for
1t, will weigh the matter we'll before they signal
lze themselves again by being for it when they
should be against if. For, in connexon with
the Arguments against such an institution found
ed on the absence of any necessity for it in the
state OF the currency, present or prospective,
southern men are bound TO look at it in another
view, which ought to be decisive with them
against 1t. Such an institution, if established,
will add another, and the most powerful of all,
to that list of money engines which have emu
merated, as constituting policy going TO
strengthen the Government unduly, aud to Sc
cure and consolidate its powers and management
in the hands Of the northern sectional majority
For, in regard TO Bank, no man can doubt that
the control over it will lie where the commerce
and moneyed capital of the country are mainly
tound-and that is in the North. WE'LL the
weight of population and control over the Gov
eminent lies, and will forever lie, there also;
hence the Bank and the Government will both
be extremely certain TO imbbe the spirit, and TO
obey the influence aud impulse Of the interests
and views Of that quarter Of the country. This
alone would naturally lead 10 a general alliance
and cooperation between them. But when we
bear in mind that the Government is not only to
be the creator, but also the largest stockholder
and customer Of the Bank, and that the Bauk
will come into existence forewarned by the fate
Of its predecessor not TO be guilty of the futile
madness OF setting itself in opposition to the Go
vernment, can we doubt that the relations be-
tween them will be those of entire subserviency
Of the Bank 10 the Government, or rather TO that
powerful sectional majority in the Government,
whchis its natural ally and supporter"