The Arkansas banner., 1844-10-09
Icontinned from hrAf naee. }

more. IT am right, he had, by his biunders in legislation, brought over the most pros porous people uponthe earth, one universal gloom, and filled the whole country with bankruptcy He had stopped, h liis own State. every iron works, so that os upwards og twenty furnaces that made nearly ten mil $ lions of tons of iron annually, not one was !n motion. Kentucky, that was an exporter of iron, was dependant upon the furnaces of England and Sweden for that indispensable article. And ought he not to have remained n his seat in Congress until he replenished the treasury and relieved the sullerings of the people by renewing his protective tariff? If he. that never before seems to fear responsi- biity. had only then have given Us the eXem- pliieaton of his votes, of his tariff principles, he would not have been in Kentucky the he- ro of the high tariff system, and, in the south, the champion and defender of the compromise act To theaspiring politician, the last Con sress was the post of danger, and should have been the post of honor for MT Clay. But. tafitlites, see what your idol has done. Before Mrs Clay Jeff Congress, or the taxes levied, Mr. Clay drew up hs orders to hls subordinaes, that he left behind 10 skfrmish
 witlhlhe enemy, in the shape of preamble and resolutions; and one ol these orders
 was. that they must strictly observe lhcpro- hibitens of his compromise~act in missing revenue-that is, that they must only tax to pay the expenses of an economical admlns- traiion of the government.
 Hayiug thus unhinged your tariliiies with out doubt to hang upon, will now invite you to Mir Clay's modern efforts about q bank Some years past, alf. Clay rose from his seat in Congress, and exhibited his pro- ject for bank. He said he was for bank of naodcrate capifd9--one of only about ffy# millions af doilars--to be divided between the National Government, State Governments and private stockholders-tha is, one third 10 the National Government, one third to be divided among the States, and one third to be divided among the private stoekholders.- This he announced, was his sehne. for reg ulator of tic currency, and fiscal agent for the National Government Now, Wings, can you stand this monstef-this Boa Coa- siric,or-of DIr Clay, which he intended should throw it's coils around Nation, States and People, and press them into one mass, immovable and incapable ol action, but it's will and pleasure. What glorious scheme for an aspirant to the Presidency to be father of Should he be elected, his chid---this bank-binding Slate and people fast as fate, would be all the constitution by which such President would want to govern Could FMMr Clay have effected this scheme, we would, ere this, have been satisfied, to our hearts content, with Mf. Clay $ banking talents, and most willing to escape from the folds and op- pressions of his Boa Constrctorahip.
 Bnt AIf. Clay's last act et statesmanship, upon the subject of currency and bank, Is displayed in his Fisealiy BH. By this bill, bank was located in tho City of Washing ton, nndef nine loafers, three of whom were to be appointed by the President. To this tbing. our great statesman proposed te com init the custody of thirty millions of dollars annually, and to give the regulation of the entire monetary concerns of this mighty peo- pie for the next twenty years to come. es, here is the finale of all Mir. Clay's currency schemng. A bank of tkjrty millions, located n Washington, that seat of political pauper- ism, to be managed by mere treasury mendi- cants, is now proposed to the American peo- pie, in place of his fifty million Consuictor Bank. To be sure, he introduces 1t with a declaration, that if he could get his Boa Con strictor Bank, he would rather have it, butas hescould not get that, he would take his Fis- cahty Bank. He proposes this bank, how ever, as likely to perform wonders in the country, by exertng all influence over the currency and labor, and conjures the nation to accept lhis boon at his hands. as the best possible or practicable plan to save the na- tionai credit and labor tiom utter ruin. How hiiniliating is this project to every man that 2 feels proud of his country and it's institutions Mir, Clay proposes that bank which shall swallow up the State banks, that shall have capacity to contract and expand the whole currency ol the country, shall be placed where there is neither commerce nor agricul- tlre, but tne whole business is politics and ofiice-seeking, by which its inhabitants gain their bread, and this machine is to be moved by nine individuals, that may be selected for their capabililyfor political intriguing, or their necessities for bread. Bat President Tyler struck this litlle monster with his veto; and his next effort at siatesma4h is, to change the Constitution, so that GNRss may es- tablish saeh tisealiies at their will and pleas ure. and If he succeeded n that effort, anl his election to the Presidency, you, his fol- iosseis.i ihdy ue StdNiieu Nlu eltlef nlS boa Constictar bank, or his fiscality one; or both of them, IS you like.
 Having thus disposed of Mir. Clay's claims upon the country as Presidential aspirant, beg leave now to state, specially, some ad- ditional reasons, to those 1 have already as- signed, why shall not vote for him. In the first place, I believe that BIr. Clay intends not only to rely mainly for success in the canvass, on the undue influence of his clubs over the sufffages of the people, but on a union between the stock -jobbers and emanci- patiag masses-that he is, by lis friends, in- spring the debtor States with hopes, that should he be elected, the national government will assume the State debts, and the stock jobbefs are assured, that in addition 10 fifty million bank, that there will be in the stock markets, three hundred millions of national scrip to absorb the State debts Whether Mr Clay has ever avoved his determination