Iowa territorial gazette and advertiser. [volume] (Burlington, Iowa Territory [Iowa]) 1840-1846, 1844-05-11

~ .iAs SPiuCiS WIFI SO mucA IN
telligence and success, was as reward for
his ingenuity, released from prison.
From the (Pa.) Democratic Uilicn.
A Dozen solid reasons why Henry
Gay should not be ele Ctcd Press
fuent Of the United States
l. Because he is ambitious Of again fast
ening upon the country dangerous and If
responsible moneyed corporation. Time
and experience have conclusively dc,non-
strated that a national bank is not required
~ the public exigencics. The country
has no need whatever Of such an institu-
ton: For the last eight years we have
done without one. and suffered no public
inconvenience in consequence. Exchang.
es are as low or lower than they were IN
der bank domination. The last national
bark entailed ruin upon thousands and tens
81 thousands; opened the food-gatcs Of de-
moraiization, corrupted statesmen and pol
itlcians, and perilled the very existence Of
public. virtue and liberty. In 1911, Mr..
Clay himself pronounced the power to es-
tablish bank "a rendering fo,cer,n which
had no resting place in any part OF the con-
sthution, and denounced it as hostile to the
spirit and genius of our free institutions
The constitution has not changed, but Mr..
Clay kds. With view Of administering
tc his.own uncontrolled ambition, Ia is now
labormg once more to fasten such mon
eyed incubus upon the country.
z. Because he is in favor of the distri-
button Of the proceeds of the public lands
Ia source OF revenue originally ccded TO
defray The common expenditures Of the ma
ton. The revenue arising ircm the land
sales is now indespensably needed by the
general government; and, if s9uandered
among the States, will have to be supplied
by direct taxation. No longer back than
1882. Mr. Clay, himself opposed, in the
Senate Of the United States, the policy Of
distribution, and pronounced it both un-
wise and unconstitutional. lnthis respect,
too, the constitution has not changed but
Mr.. Clay has.
3. Because he is pledged to the DANGER
Gus and alarming heresy of the assumption
OF State debts. This measures advocated
chiefly BY the agents Of European sharpers
and spectators, who expect that thereby
they may realize over PITY MILLIONS
OF DOLLARS upon the advance Of stock
which they have purchased at half,price
from lnsolvent banks and bankers. Whilst
assumption would certainly enrich them, ii
would inevitably entail upon us Ma
rI0NAI. DEBT of over TWO HUNS
nplsN AfTI T1nNS g..,x ..l.t 80 !, u.
est posterity could never escape, EXCEPT
BY the odious process of reputation. Tie
doctrine Of the federalists has uniformly
been that s'a national debt is a rational 5less-
iag," and MIR. Clay's election would go
Tar towards bringing such a blessing" up
on the American people.
!. Because he is acting the part Of ia
nus on the tariff question, displaying high
tariff face to the North, and a ~ tariff face
to the South. His equivocation on tits
subject is dishonest, disrepu;able, and un-
worthy the character of frank aud fearless
statesman. He has different doctrine Tor
each distinct latitude, and blows hot and
cold BY tie same breath. To Us il PENN.
sylvania he preacl e protection, whilst at
the South he says the country sssnesas no
protec,ion' and the southern wing Journals
are portraying him as an avowed advocate
Of FREE TRADE. Are The enlightened
yeomanry Of Pennsylvania, and Of the TN
ion, content to be thus .sbamboozled. s,.
3. Because, after ple6s;ng himself. In
1910. that his party would conduct the OPP
crations of government with less than fhir-
Teen millions, he proposed in TIE Senate I'M
annual expenditure of over hrenty-sir mil
lions. And the party he controls have
plunged the country into debt, in, Period
of prosund peace, of more than twenty mil
lions Of dollars, the interest upon which.
amounting to more than million annually,
is paid out of the hard earnings Of the farm
er, the mechanic, and workineman.
6. Because he was the s'finisher and a,,-
thor" ofthe late odious bankrupt law. This
was one Of his ssrelief measures OF the ex-
ira session. He procured its passage, and
boosted of the fact. He voted for and sun
ported it, IN violation Of the declared ,ctskes
Of the people Of Kentucky, and is, above all
men, responsible for the gross frauds that
have been perpetrated under it. 1t was
passed, not as measure Of relief to the
unfortunate poor, but as an engine in the
hands Of the gay spendthrif to defraud his
honest creditors. So apparent did this fact
become, that, in less than one year after its
passage, even wing Congress was literal
" compelled to repeal 1t!
Z. Because he denounced as rebels and
traitors the people Of Rhode Island, at .
time when they were struggling to shake
off the accursed manacles Of the rQ9pl char
ten. The friends of liberty over the whole
Union have deeply sympatlised with the
oppressed suffrage men OF Rhode Island,
AID will not soon forget the malignant as
pensions cast upon them in debate by Mr..
Clay. -,