Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1844-10-25

Il
Andrew Jackson was not the man to de- t
=. his country in the hour of peril, though
'.,.elf deserted by many Of his old and boz j
:, fiends, who now covered beneath the rae r
~ storm, he, almost alone, stood unmoved t
,nterrifed amid the wreak and ruin which
-, demon of mischief saw ft to infict upon !
-, beloved country, under the vain illusion e
,h.t it could frighten the people into Its sup
-. But it failed in accomplishing its OBJ
r, and soon its condemnation was pronoun-
I'D bv the people themselves. in tone that 7
,,,d neither be misunderstood or misconstru- I
= Since that period, the question of a
p.ok. though never lost sight of by certain
,,ass Of political demagogues. has been kept
.,ber in the rear of the Wing line of policy,
=, 90 hest suited the selfish purposes of the
Who leaders. Even in lo40, among the list
.fgood things promised US if we would put
,bs Wing party into power, a US. Bank was
h.,eIv hinted at; nay more-some ofthe Lead
mn Wing partizans told us they did not scans
~ 8 Brnk, and were at much pains to prove
,bat both Gen'l Harrison and Mr.. Tyler were
.,oossd to such an institution. And perhaps
i was this declaration more than any other,
that contributed to the success of the Wing
cause in that memorable campaign. And did
mt the Wing leaders, or at least portion of
,bpm. act in bad faith towards the people
in regard to this measure ? We know they
did. for one of their first efforts, after obtain
ing the ascendency, was directed to fasten up
on the country an institution not only similar
in all its important-but odious features, to
the one the people had so emphatlcally de-
nounced. but one whose power far transcen-
ded that Of the latter, in as much as its CAPT.
tai was to be larger-its sphere of action no
less limited, and to be chartered for greater
length Of time, so as to permit it to engraft it.
self permanently upon our system. Hence,
having by their acts, disclosed their real SEN
timents, thus leaving them no choice but eth
Of to avow open hostility to, or decided sup
mort of this measure : they have chosen the
latter alternative, and now the establishment
of Fifty Million Bank is one of the most ia
vorile projects Of the Wing party at the pres
ent day. But still, with some Of the old lea
ven of deceitfuIness remaining behind which
has unfortunately so often characterized many
of their leaders, we are told that they are only
in favor of Bank, properly restricted. Now
if they had gone further and stated how tar,
or in what manner this restriction was to be
effected we might not have been left in the
dark relative to the true character of the lnstl-
luton proposed. But this they have not done,
and taking warning from past events, " e think
8 j, is reposing too much ''generous confidence -
s (Which has once before been betrayed) by
confding unreservedIy to hot headed parti-
cams what so Immediately concerns our best
interests. A mammoth United States Bank.
We believe to be eminentIy dangerous to the
country. and the history of the late one is re-
pete with facts sufficient to render incontro.
vrrtibIe this position. Money is power-it is
almost omnipoten;. Concentrated, no barri
s cr is scarcely sufficient to withstand its infiu
ence, and when welded by skiIful agents
becomes potent weapon in truth. And wha
is now contemplated by the Wing party bu
to place this powerful engine "a fifty million
bank) in the hands of few individuals to di
rectits vast energies, as their whims or cap
rice may dictate, and except the broad limit
Of II phaP n N h2f r
interested Stockholders and spectators. Thi
We conceive to be the grand secret aimed {
by the political leaders of that party, and the
s. time and talents are cheerfully devoted to sc
cure the long desired issue With these fact
before US, we cOnjure every good cltzen-ev
cry honest man and lover of our free nstitu
tons, to ponder well the result. 1t is a sub
ject fraught with interests of high moment t
our common country, and upon its right deci
sion depends perhaps the perpetulty of our fe
deral government. The pages Of history Ii
i open before you-proft from past experience
that is, d monitor which teaches WISDOM
The evils to be apprehended from the esta1
lishment of another U. S. Bank are many
that the affairs of the country can be transaC
ted without the agency of such an institution
time has already demonstrated. Never wa
our currency in a healthier condition than at tn
present time, and the rates Of exchange be
q tween the different sections Of the Union,
equally indicative of healthy state of bus
ness. We are free-happy and prosperous
Why then wish for a change! Why hazar
our present security merely for the purpose {
making what we know will be doubtful if NJ
eminentIy dangerous experiments to gratif
ambitious partizans! These are grave que'
tons, and demand the serious considerable
ofevery American freeman. With them, W
leave the subject, with the conviction TIKI
"truth is mighty and will PREVAIL
CLINTON.