Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1844-04-18

freedom rom hasty sci IA buiS!rrous OF civil
blood Under this excitement, the bill to re.eharter
the bank was hurried through Congress, without the
formalty of debate upon in committee Of the whole,
and President Jackson threatened with vengeance,
t be attempted TO defeat IT, He had lived long, and
me much for his country. But there was The sum-
mt; he never surpassed The glory 9 mat occas'on
for, nothing disturbed the unaetabe hfmness OF that
honest and heroic President He vetoed the BILL and
appealed to the people to Justify his conduct his ART
tul enemies then boldly attempted TO fasten on HIM ire
oes and disasters themselves had created, and which
he had brayely labored 10 The issue OF 6nnk or
Gdak ra'sed and discussed throughout the land
And President Jackson was reelected by heavy and
exultng majority Still the bank refused to submit TO the
public laws; rejected the application Of President Jack
TO inspect It's books, and refused this application
TO the assembled Representatives of the People, who,
by express law, had reserved the right. They seized
the dividends on the stock which the United States
owned and did IT under pre,ext which the Federal
Courts have twice decided to be illegal and unjust.
And when in the Fall Of 1888, President Jackson 10
save the public deposites. removed them from The oon
troll Of the Bank, that stubborn and mlschievous in
sttuton commenced distressing cnrtaii and, within
fourteen months, withdrew from the business OF the
country eighteen millions Of dollars. The State Banks
followed this ruinous lead, and withdrew fifty millions
Of dollars Still, the heavy calamlties produced
by this wicked combination OF the Banks falled 10 work
any restitution Of the public funds. And then, instead
of winding up, as duty required the Bank, in eight
months, increased ITS loans nineteen and hall mil
lions OF dollars-showing how lawess and power
ful corporation put all private and public interest
defiance can in the heariless ayarice of blost
ed expansion, and the premeditated wickedness OF a
crushing contraction, for political designs. The State
Banks again followed the footsteps of the so-called
Regulator. And, 10 less than two years. Bank cap-
tai increased from two hundred to two hundred and
fifty millions banking circulation from ninety five 10
one hundred and fifty millions; and loans and dis
three dred nd fOuf
hundred and fifty seven millions OF dollars Their,
as if under general invitation, every body re-
paired to the Banks, and filled his distended pock-
els with paper rags until mad unbridled spirit
of speculation and covered the earth To
this Needless ruinons expansion must be added the
heavy, but conecural amount, OF foreign loans and
commerciaI credits, and we may then approximate 10
the magnitude of that delusive bank bubble which nj
tmaely bursied into ar, and lett the victims who
raied il 10 gaze vacancy and ruin. We will not
fatigue you with prolix narrative OF the whole con-
duct and corrupons of the United States But al
ways remember, that you owe II to the hrmness and
saeacity Of President Jackson and his honest supper
ters, that you were not saddlad with perpetuy OF
incorporated corruption in every form. Had the De
mocratc statesmen yielded to the sinister persuasions
which governed their opponents, the people would yet
be daily plnndered and the nation degraded by the
vilest olgarchy which trashy OF paper
ever fastened on the Liberties OF man.
After this baked institution had wheeded from the
Legislature of Pennsy vana another charter and ano-
ther name, it continued 10 indulge III the maddest ex
cesses yet tolerated in country OF laws This
rotten and mschievous corporation has, indeed, come
to timely end but, the latest hour the monster
derived consolation from community of misery, anu
brought hopeless beggary aud desolaon around IT -
II lived rrupton, gloried in dishonor, and the
means of the wretched sufferers il cooly destroyed
seemed precious music 10 the dying criminal.
Such fearful corporations, such serpents OF corrup-
ton soon charm and swallow the national morals, be
guile the ma esty Of justice, riot in their power, and
defy the laws: you cannot deprive them Of their venom
and fangs.
The public odnm against n National Bank became
general that throughout the Presidential canvass OF
1910, few dared to advocate any measure Of the sort
Federas,s who wanted Bank, were discreet in the
conceament of their wishes And even General Har-
rson marched 10 the Presidency in hostile a'utnde to
wards n National Bank. Yet, when the Wings reach
ed power they became bold, called Txtr6 session,
and made desperate efforts TO force Bank upon the
nation before The public understanding could recover
from the intoxicating fumes of the previous year.--
They passed several bills to incorporate Bank.
hut they promptly arrested by The vetoes OF Pre-.
sdent Tyler, whom the FeGera!ss raised 10 the Vice
Presidency as boasted sentinel over the Constitution
Yet, when the sudden death of General Harrison made
Mr. Tyler the President, the Federal party wanted
him to renounce his principles, and violate his solemn
oath 10 support the Constitution.
How the steady deter mnaiion OF President Tyler
TO maintain his constitutional authority received
by the people, fully evinced in the frequent cleo
tons which sustained his ye,oes and condemned the
Wings.
Nowiths' anding the people hostile TO National
Bank. and even Federal politicians pronounce 1t an
"obsolete ideo, they anxious TO create one, and
will again deceive you, If they And, consequent,
y, every Republican who loves his county and values
her institutions, shonid watch and resist this darling
scheme of Federal ambition
IL ~ wiser prevent the creation OF monster, than
TO calculate the praclicahy of his destruction, after
lie reaches his maturity, feels his power, aud begins
the work Of havoc and desoliton This prudent con-
sidefaton, dictated by the connses Of WISDOM and os
ahlshed by the lessons Of experience, induced MIR
Van Buren, n make decided opposition 10 the
Bank, and to proclaim unreservediy an uncompromis
ing hostility to every institution of the kind
DISCIPLE OF JEFFERSON