Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1845-01-16

ton. He subjected to gross and personal insults
and the contemplate perpetrators rewarded with
public dinners and general applause by that party
which claims include within itself al the respecta
bity Of the country. 1t was proclaimed that bodies
Of armed troops were about to march to Washington
for the purpose of dragging him from the presi-
Dental chair. Prodigious efforts made by the
bank, with its hundreds OF subservlent State Banks,
Its egions of presses, and Its thousands of satellites
and dependents to conyulse the currency, fan up the
embers of discord and realise the evil predictions
which had been made Accordingly great monetary
distress produccd-property Of all kinds was de-
pressed and the people told that nothing could
restore prosperity but the restoration of the deposes
and the recharter Of the Bank BY these means more
than hundred thousand people prevailed upon
10 sign petitions and memorials praying Congress to
bow the knee to Baal. and submit 10 the demands Of
the all powerful dictator.
Deeply as the venerable President must have felt
the distress thus brought upon his countrymen, he
could not but perceive in all these movements add-
tcnal and imperative TO pursue with unlinch
ing rmnes the straight forward path of principle and
duty The disease had progressed far, that it was
either extrpaton or deah,-certain inevitable death
to that liberty which had hitherto been the pride and
boast of the western world. One false step then
one moments shrinking giving away before this
tornado OF wrath and Vengeance and the chains Of the
money king had been ryeted forever. But there was
no such falure-faithful to his trust in this time of
greatest difficulty and danger, wien anxiety and dis
may almost paraysed the stoutest hearts the pure
patriot and incorruptible Statesman, stood firmly at
the helm and guided the ship of State in safety through
the storm.
Those of you gentlemen who remember those times
viii bear witness, that this is no exaggerated de-
scrpton. On the contrary, 1t is but very feeble
and imperfect attempt to recall TO recollection
few Of those scenes in which Ne were then partic-
pants, and in which the noble frmncss and undaunted
patriotism of our heroic chief conspcuously
displayed. AT this short distance of time even, 1t
would appear astonishing TO those who are not fam-
lar with the collateral facts and circumstances attend
ing IT. that so simple matter, as the removal by the
government of Its own funds from one place of deposit
to another, should have occasoned such violent COM
motions But the bank had already greatly exhausted
its means by IFS previous expansions, and its enormous
expenditures TO corrupt the press and the
of political parzans and it therefore require
these depostes In its future operations for the scandal
lous purpose Of corruptng the people with their own
money. In order to increase the amount of public
money which would remain at its disposal 1t had a
short time before entered into negotiations with
the holders of our public debt in Europe, then ready
TO be paid off, TO induce them to withhold their bonds
from presentation. Such arrangement as this
would have left the large intended for the pay
men Of this debt in the possession of the bank and
agent sent to England for that purpose, without
the knowledge appreciation of the government. A
variety Of concurrent facts, proved beyond the posi-
tily of doubt, that the bank concentrating all
Its energies for renewal Of the contest and that these
public deposits would be used the means Of forcing
from the people renewal of It's charter. BY this
measure therefore, its plans were broken up and dis
arranged In the language of that day, its angs were
drawn,-and the monster writhed and ragged accord
ingy.
But there was another reason, Independent of the
political operations of the bank which perhaps should
not be lost sight Of system had gradually got into
operation than which nothing could have been better
to
of the Bank high tariff, so counteracted by the
panson of the currency, that its chief effect the
production of large amount Of revenue sweed those
deposits to much larger than was necessary for
the public use. Consequently there always q
surplus of several millions which was used bv the
bank for the accommodation of its friends and the
creuoo of its profits. They had enjoyed this adj
vantage until they had begun to imagine Ii species
of vested right and became perfectly furious
the prospect of being deprived of IT, Under the opera
ton of this system, the agricultural interest rob-
bed, while the manufacturing cheated, for the
high paid by the former, ostensiby for the bene
i fits of the latter, only went to swell the amount
received for nue. and increase the deposteS in
the vaults of the bank The Importation of foreign
goods not checked at all u the Successive add
tons made to the tariff, during the existence of the
bank, because each successive met by
corresponding expansions which completely nulliiet
it, 50 far it operated protection to home manu-
factsres. 1t is true, the consumers obliged to
pay higher prices, but so were the manufacturers fol-
their labor and materials and the result was they haC
no more advantage over the foreign manufacturer
than they had before.
i Gentlemen, should occupy too much of your time
were TO attempt to advert to all the prominent
sures of this administration. The bank question
was as have already observed, the nest important
but there were several others, which contributed
bring upon Gen. Jackson, still more Of that vindic
tive fury, with which it is Characteristic Of asso
ici,f
frmness and independence to stand in its way or op
pose its views. Upon his veto of the Maysyille roa
BILL fresh torrent of bitter vituperaton was poured
out upon the patriot chief BY this step check wa
put projects, which under the pretence of promot
ing internal Improvements, were calculated to opeI
the door of the treasury, and invite general scram
bic for appropriations of public money. This inter
position on that occasion, saved the general govern
ment from the financial endorsements in which many
of the states, among the number, were soor
afterwards involved by similar improvident projects
A bill for distributing the proceeds Of the public
lands, another measure against which he interPos
ed the executive veto. On all occasions behold
him standing firmly in the breach, whenever the RICH
of the people, or the conservative powers of the con-
stitution were assailed Nobly was he sustained by
the affection and confidence of his fellow citizens
and most molly their affection and confidence re
paid.
Il In all this, can there now be any question as t.
the motives of the venerable patriot Had ambition
any thing to do with theml No, gentlemen had h,
been governed by sord interested motives ever
by the desire to preserve that fame he had already
quired by arduoGs services, sale and untarnlshed by
the poisonous breath of calumny and SANDER, hC
would not thus have voluntary encountered the mre
lenting hate and bitter annosity of enemies pow
erf1l and vindictive. He might have glided along
through his administration with ease and tranquility
j The measue of his fame was full,-he could have de
sired nothing more for himself-and he had no con