The Arkansas banner., 1844-09-11

mo opposition which l have encountered at their hands since lat.ained my present station, and the constant and unmitigated abuse witch their leaders have poured out in torrent upon my head; designed, as l verify believe in the first instance, 10 drive me from the and in the last to oVerwhelm me with obloquy and reproach. But have a right to address myself to those who, like myself. co-operated with them ill the contest of lS40-whow were, and always had been, the advocates of the principles of the old Repub- lcan partv-whose strenuous efforts have always been directed to preserving the com pact of Union. unbroken and inviolate--who have sustained at all times the principles of the Republican party of l798-9--who have participated, from that time, Tn all Republican fathers were victorious over the elder Adams in tbe election of Nlr. Jeiler- son, as they themselves were over the younger in the election of General Jackson. To this portion of the Whig party of 1910, feel that l have full right to address myself; and l now seriously put it to them to say, whether any expectation of good to the country which they had formed in the election of General Harrison and myself to the Presidency and Vice Presidency has been disapponled2- 2- Many of Us had been thrown into opposition te General Jackson during his last term, hae- ing voted for him upon his first and second election, because of certain doctrines utforth
 in his Proclamation, and because of certain
 measures which followed that celebrated State
 paper. Our opposition proceeded from no
 spirit of faction, but from what We esteemed
 1t 10 be, a sacred regard to the high and essen
 tial principles of the Republican party-and
 regarding his successor as in a great degree
 identified with what we esteemed as errors in
 General Jackson's Administration, our oppo- sition was continued to him. The state and condition of the country also seemed to re- quire change in the general Administration. Have you been disappointed in the reform
 which you promised yourselves by going
 into that contest2 I ou demanded rigid
 economy to be observed in the public expen-
 ditures. Have you in this been disappoined2
 Y ou required accountability on the part of all public agents. Has ii not been fulfilled
 Let the fact that defauter has become almost unknown for the last three years answer the question. You asked that course of policy should be adopted which should purify- and reform the currency. Was the currency ever in better condtionf Let the rate of the Exchanges between all parts of the country answer the inquiry. Has the day ever been, when the currency was sounder or the rates of Exchange lower? You sought once more to put the mechanical arts in active operation, and to relieve commerce from the blight which had fallen upon il. The first has revived, and the last has unlurled its sails, which now
 whiten almostevery sea. The paralysis which had fallen upon public credit, to an extent so great that the poor sum of S5,000,O00 of Government stock was offered 10 European and American capitalists without our being able to find for it q purchaser, has passed away, and well supplied Exchequer gives evidence not only of the expansion oi trade. but of the stable basis on which rests the public credit. The very stock for which no bidders could at one time be found, now read fly commands in the market an advance of fifteen or twenty dollars in the hundred In
 the meantime submit it to you to say,
 whether the principles ofthe Republican party
 have not been closely observed in all that has been done. Did those principles require that we should anew cycle of twenty wears, the predecessor of which a Bank of the United States had fulfilled in 1886? Begin ming by increasing the Arrangements of busi- ness for years, attended in its mild career with comparative prosperity, then resorting to et- forts by all it's large means to force recharter, and ending it's existence amid the curses and denunciations of the many it had ruined.- Most of you had, like myself, through all time, pronounced the Bank to be uneonstitu- tional, Had your opinions on this subject undergone change in 1910, and did you contemplate that General Harrison and my self-who during the whole contest avowed our opinions to be unchanged in that respect, in numerous addresses to the public, be deserving of denunciation if either of us should refuse to periurc ourselves by sane tinning a Bank charter, which, believing t to
 be unconstitutional, our solemn oath of office
 requited us to rote against or Uet9 2 Tell me, moreover, brother Republicans of l840,
 hal you then brought yourselves to the con- elusion that, even admitting possible abuse
 of the Veto power, it was proper to erase from the Constitution that great barrier and check to unconstitutional and highly ineXpe- Nt@ilt tii1ANAY hiN VIII VI Congress supreme and installing the majority of that bodyin the full possession of all the powers of Government Or did you, or do younow still cling to the opinion in which the qualified Veto originated, that Government without checks and balances is the worst form
 of Oligarchy.-and that too many guards, in
 orderto secure publicl liberty, ,cannotbe thrown
 over its different departments? If, indeed, you are advocates of a change so vital as that proposed, then may not only the Gaasous and Tappans of our own country rejoice, but a shout should ascend from the Abolition Convention "of the whole world," at the fact that our Federal system had given way before the power of consolidated govern ment, whose will, uttered forth by sectional majofities, wasabsolute, admitting olno check Or resistance from any quarter whatever. If, indeed, these be your opinions, then have most gdevonsly disappointed the hopes in
 which you iadulged in connection with my election and my Administration. must, nevertheless. most solemnlv aver that had I