Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1844-08-29

though life.
Imean no imputaion on their motives
or their patriotism. | doubt not that the
old Federal party, in the lead of which
stood the elder Adams, were as deeply
aud sincerely convinced Of the necess-
ty Of the alien and sed,Iion laws, as the
present is of that of Bank of the Uni
led States, with other measures equally
latiudinous, along with the abolition of
the veto power, whereby to correct the
Government into mere majority ma
chine-to make il the Government Of a
single nation, instead Of what it is, po-
lIiical compact between free, sovereign
and independent states, by which so
mug power, and no more, has been
rakted to a common agent Of all the
states, as they esteemed to be necessary
for lhe promotion Of their natural happi-
ness.
No ; 10 them have nothing to say.
If / have received their support at any
time, il has been, not from attachment
to NE or my political principles, but
from supposed influence which | might
briag to bear. as n secondary agent, in
advancing their purposes. All the obi
Il cations which | have received for such
reasons, have been more than counter
balanced by the un'iring opposition
which have encountered at their hands
since | attained my present station, and
the constant and unmitigated abuse
which their leaders have poured out in
a torrent upon my head designed, as
verify believe in the first instance, to
drive me from the Government and in
the last to overwhelm me with obloquy
and reproach.
But have right to address myself
to those, who, like myself, co-operated
with them in the contest of l340-who
were, and always had been, the advo-
Gates of the princi Piles of the old Repub-
lican party Whose strenuous efforts have
always been directed to preserving the
compact OF Union, unbroken and invio-
late-who have sustained at all times the
principles Of The Republican party of
time to time, in Republican triumphs-
whose fathers were victorious over the
elder Adams in the election Of Mr.. JEFF
ferson, as they themselves were over
the younger in the election Of General
Jackson.
To this portion of the Wing party Of
1910, feel that have a full right to
address myself and | now seriously
put it to them to say, whether any ex-
pee alton Of good to the country which
they had formed in the election Of Gen
Harrison and myself to the Presidency
and Vice Presidency has been disap-
pointed
Many Of US had been thrown into OPP
position {" General Jackson during his
asst term, having voted for him up to his
first and second election, because Of GER
lain doctrines put forth in his proclama-
tion, and because Of certain measures
which followed that celebrated state pa
per. Oar opposition proceeded from no
spirit OF faction, but from what we es-
teemsd it to DO "a sacred regard to the
high and esse ntial prime pies of the Re-
publican party--and regarding his sue
cessor as in great degree identified
with what we esteemed as errors in
General Jackson's administration, our
opposition was continued TO him. The
state and condition of the country also
seemed to require change in the general
administration
Have YOU been disappointed in the re-
form which yon promised Yourselves by
going into The contest You demanded
IA rigid economy TO be observed in the
public expenditures. Have you in this
been disappointed ? You required ac-
counlabiIity on the part Of all public
agents. Has it not been fulfilled Let
the fact thnt defaultcr has become al
most unknown for the last three years
answer the question. You asked that
course of policy should be adopted
which should purify and reform the cur
rency. Was the currency of the coun-
try evet in better condition Let
the rate Of the exchanges between all
parts Of the country answer the inquiry
Has the day ever been, when the cur.
rency WAS sounder or the rates Of ex.
changes lower
H You sought once more 10 put the me-
chanical arts in active operation, md to
relieve commerce from The blight which
had fallen upon il. The first has revived
and the last has unfurIed its sails, which
now whiten almost every sea. The
paralysis which had fallen on public
credit, to an extent so great that the
poor sum of $4,000 900 Of Governmen
stock was ofiered to European and
4 American capitalists without our being
able to find for it purchaser, has passed
away, and well supplied excheqner
gives evidence not only of the expan.
ston Of trade, bnt Of the stable basis on
which rests the public credit. The very
stock for which no bidders could at one
time be found, now readily commands in
the market an advance of fifteen or
twenty dollars in the hundred.
II In the meantime ! submit II to you To-
say, whether the princi pies of the Re-
publican party have not been closely OH
served in all that has been done ? Did
those principles require that we should
recommence a new cycle ofiwenty years,
the predecessor of which Bank Of the
United States had fulfilled in 1886 7
Beginn;ng by increasing the derange-
ments Of business for years, attended IN
l,s mid career with comparative prospcri-
ty, then resoiiing to efforts by all its
large mrans In force a rechaner, and
ending its existence amid the curses
and denunciaiions Of the many il had
ruined.
Mos, Of you bad like myself, through
all time, pronounced the bank to be un.
consi iiuiioosl. Had your opinions on