Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1844-07-25

have one, because they have them III
England and France, forgetting that
the same argument would apply to the
establishment OF monarchy, an arris-
tocracy, a church, or any of those
things, which some Wings seem SO
much to fancy.
Now, Democrats oppose the estab-
Enlistment of a National Bank, be-
cause it is unconstitutional, unnecessa-
ry and dangerous to the liberties of a
republic. The trainers Of the ConSti-
tuition, voted specifically, against in
sertlng any clause which would au-
thori Sc Bank. The advocates Of a
Bank as Mr.. Clay said, in his famous
speech in 1911, have gone from one
section of the Constitution to another,
to find the power to charter one, and
failed in all. The last plea was neces-
sity. That was what influenced
| Washington to sign the first bill, at the
urgent solicitation of General Hamll-
ton, when the Indians We're on our
borders and there appeared no other
way to raise money and supplies to re-
sist them, and when he had already
written hisveto on the bill. Bya strange
coincidence, James Madison was indu
ced to sign the bill fof tie second char
ter, Under similar considerations
These great men yielded to what they
believed an absolute necessity, in Civ
ing their assent to measure of more
than doubtful coristitutionality. Now,
there is no such plea. We are in pros
perity. Our exchanges have regula-
ted themselves Better than any Bank
could regulate them, and there is no
argument of necessity or even expedi-
ency in favor Of what Daniel Webster
IN his speech at Andoyer, SO justly
termed can obsolete idea"
The danger and antiRepublican
tendency of Bank have been made
apparent. To make one is to create
"a great central, active, pervading,
grasping money power, not controlled
by the people, not under the direction
of Congress, but able to bride, corrupt
and govern all. The loans and sub
sides of the late Bank to members of
Congress, Editors and public men, are
notorious and were truly alarming
After a desperate struggle, in which
that monster of corruption came near
sapping the very foundations of our
Government, the sense and virtue of
the people triumphed; and it is to be
hoped, now that the Question has come
up again, that it will again be settled,
efectually and forever.
Another measure Of the Wings, not
insinuated sneakingly, but brought for
ward audaciously, is the Distribution
of the Public Lands among the States.
The Constitution has made the public
domain the property Of the people, cor
shutting the General Government, and
the proceeds of their sale have been APP
piled to the payment of the expenses OF
our wars, and the national debt incur
red by them, and to defray the expen-
ses of the General Government. In
this way, they have lightened the bur
thens of taxation, and their benefits
have been equally and justly distribu-
ted over the whole country to which
they belong. Democrats think it bes
to leave well enough alone IN this res
pect. They prefer to tighten the bur
then of taxation for the support Of the
general government, and to leave tc
the action of the different States, the
amount of their own expenditures
The Wings on the other hand, wish t.
take all this property and distribute i
among the States, to help the extrava
giant ones out of their difficulties, ant
to induce those who have not been 81
hitherto to plunge into the same profit
gate courses which have brought bank
ruptcy and disgrace upon those which
under a wise and economical system
of affairs, might have been so flourish
ing.
Intimately connected with thl'
scheme of distribution, is the Whie
scheme of a high Tariff for protection
for just so much as is taken from the
resources ofthe general government BY
the distribution or giving away OF thu
land revenues, just SO much must b'
levied in some other way to make u
the balance. The poor mar must pa.
higher for his coat, his shirt, his tea
his coffee, for every thing he buys,
few cents here and few there, but al
amounting in a year to very large
| part of his earnings.
! The Democratic party Of the coun
try has agreed generally to the pohc,
ofpaying the expenses Of the genera
administration, amounting 10 abou