The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1844-07-23
THE ULTRAIsM OF THE DAY.


ted States Bank first declared upon the Govern
ment all within the controlling influence of that
monstrous institution compelled to support its
cause and for the last ten years have witnessed
the shocking anomaly in the theory of Government,
of creature of the legislative will wsgng war upon
the source whence its existence sprung The element
Of wealth has been introduced into our political
struggles, and has added new vgor and new violence
TO contests before sufficiently warm. And till this
influence is removed, and complete separation ef-
fected between banking institutions and the powers of
the Federal Government, independence of legisla-
ton will be but lancfu ABSTRACTION, and wise adj
ministraton Of The laws contradiction in practice.
Banking institutions of inordinae powers through
out the country the cherished pets of Federalism;
denominations, whenever and wherever tolerated, TO
Democracy. Hence il is we find wealthy Bank Pre-
sidents, Directors, Cashiers, and other compensated
officers of these institutions almost without excep
ton, staunch and Interchangeable. Wings" They are
the suffers of the party and furnish the encamp
ments and the troops in action the necessary means Of
subsistence; the political brokers' who discount prn
cples, and deal in such fancy stocks character and
talents which they purchase at the usual market rates
II by theirunseen silent but unfelt influence the
public pulse is regulated and the public disposition
controlled not election takes place. uninfuenced
by their authority, docs law pass without their
assent. If they do not elect Presidents, they con-
troll Legislatures, State and National; and their in
fuence is equally potent in private affairs in pub
lie councils for it is too true that he who com
mand mans wants commands his actions the
individuals, whe Their in corporate capacities or other
wise, who depress and raise at will the prices of
H..
they please in his sentiments
This dreadful power, we unhesitatingy aver, has
been, and is, confined almost exclusively to the |
Wings" They have dotted the whole surface of |
unenthralled country with banking depois |
with military posts all in intimate connection and
with perfect understanding SO that supplies and
munitions Of be easily transported from one
section another and secure places reserved for
treat and reinforcement, frlr
The managers Of the party in the 9Th Congress- un
Outstanding but too well the only possible means to
Perpetuate power thus acquired, were, of course
hotly exasperated al the discontinue OF their well
arranged plans by the unexpected frmness of one
man, nsensible 10 menace seduction. And when
they found no bank to be obtained, they deter
mined quarter should be given him. 1t is folly
now, 10 pretend that any political disappoint
ment any unexpected avowal of heresy, did or |
could have engaged the ultra chiefs, SO furi- |
ousiy, against the President. 1t the COM |
plete failure of their financial schemes the loss
OF a second influx of unearned gold, that con- |
verted into imbittered rancor their frustrated |
hope. Their impotence again 10 impose upon a too
creduous people, and TO rob them of hardcontes
gains, caused the active denunciation of the hand
xzed hem nd theva ~
OF treachery TO themselves, because he would not
consort with them and egalize robbery, or fnan.
cial" swindng. Yes America owes yet deep
debt Of gratitude 10 John Tyler for the preservation
Of her moral and political independence from traitors
more depraved than Arnold, and from conspirators
more dangerous than Burr.
We do not wonder that the gamblers who had
stsked fortune and credit upon the hazard of the die
should manifes, feelings Of intense animosity towards
the individual who had ruined their desperate game
We do not wonder, well acquainted as we are with
their Profigae policy, that they threatened coereive
measures in the prosecution Of their designs re-
mova by force, ofthe obstacle they could in no 9th
er way surmount- We do not wonder at their me-
nsces of impeachment; for, if not intended to be
enforced, such threats would to infame TO par
hal madness their credulous followers and by max
Ing familiar TO their minds extraordinary punish
ment, excite them with the suspicion of an uhbeard
OF crime We do not wonder at their base attempt,
thus 10 Impose upon the People-for imposition is
the badge OF all their tribe--but we do wonder at
the folly that could believe shallow device could
be successful
When these fiscal politicians found the Constitu
lion an obstacle in their PATH they determined to al
ter or destroy it. and their leader Immediately intro
duced his modification of this glorious monument of
national and individual righs--or rather, elaborated
a new Constitution, which should give to the Legis-
Iative body all power and all patronage And here
let II be distinctly understood, that the Velo had
only been exercised against the establishment of a
Bank, so only TO promote such establishment was the
Veto power to be struck out of the Constitution.-
To the hnanciers,' thus far only had it been found
s,umbling-bock and foolshness; and one of the
fact'ous madmen, therefore, boldly declared on IN.
floor of the Senate, he would hail, with more Mica
sure, the destruction Of the Union than the exercise
OF the Veto power; and with reason-for the Veto
stood between his pes and their realization Tn.
destruction OF the Union might have promoted could
not have injured them
The Veto power must be abolished" was the
decree pronounced. The Veto power must be ,
abolished" echoed his Congressional noutl-pieces
and his retained presses" Deienda est Cartsaeo ~
1.-The Constitution must be destroyed" was the inces-
SAINT shout and every pohouse in the country became
nsolemn for the amendment of the Constitution
every scribber in gingerbread newspaper would dis
cuss the defects of the Constitution with the dogmatism
OF an Aristarchus, and the wisdom of a mule
required no prophet foretell that the rdicule
and denunciaion, so necessarily bestowed upon this
monument OF our national wisdom would, BY rapid h
and natural graduation, lead to its violation and bu,