The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1845-04-14
PHLADELPHIA, April ~, 1916

PHnADELPaIA, April IL, lSi5
To the Editors Of the .Nadisonian:
GENTLEMEN; An allusion in your paper of Friday
last, to the Democracy who stayed at home at the
late election in Come cticut induces me to preface
more important matter with a single remark upon
the subject If there be a single human being,
in office out Of office, in the United States whose
fidelity to Democratic principles depends upon the
response which the President shall make to his real
or protested services during the late campaign say
let him go. The cause Of Republicansm and liber-
has to hope, and the such Legitimate aihlia-
tons cease, the better for that cause For my own
part have never been able to appreciate what are
termed political claims for political services. have
to thank God however, for always having been com
peent to blush like scarlet being told that my la
bors deserved reward. My struggles have ever
been for principle; and while the powers that be- ex
| ercise acknowledged control over my physical
fortunes they totally powerless to the opinions
which have dispassonateIy formed upon political
subjects IT, have already said, the latter would
be reached through influences upon the former, |
should consider myself eligible SUBJECT for Execu.
uFo reouke. Dut 10 my business.
After critical reading of the Presidents Inaugural
Address, leading Wing journal of this city pro-
tested against but single sentence that referring
TO the inexpedency of National Bank. The idea
carried was that the monster, being hors du combat,
there was no longer any fitness in making its enorm
ties the subject Of assault If the premises thus as
sumed had been correct, should not now have occa-
sion to challenge the Legitimacy Of the EDITORS con-
illusions; but the sequel think, will keep steady
eye upon the Pickering embers Of this once powerful
engine of Whiggery.
Judging from what we have already heard from
Harrisburg the bill to resuscitate the cat aeptic Gil
rard Bank of this city, is this moment the law of
the land The original capital of this institution was
five millions Of dollars; an amount which placed it
on round Of the ladder but one below that of the
United States Bank Of Pennsylvania nor have its
corruptions, abuses and enormtes all impaired its
title to that elevated distinction But for the nameess
and measureless injuries upon the community in
dicted by the overshadowng mammoth this sink hole
Of fashionable, and of course tolerated niquty
would have created stencil, not whit less nsup.
portable than rises from the vault of its superior
Despite of all this, it has been galvanized, and
greet to say, by Democratic Legislature. As this
would seem to imply censure upon our Governor,
as well upon those of kindred opinions who voted
for the BILL it is perhaps proper to apostroph,c, that
he vouches his constituents in extenuation of the dis
crepancy ! admit the validity of the plea but take
exceptions as to the manner in which these implied
instructions have been bropght about.
In this State and more especially in the cities and
towns, the two great political parties are always on
the heels of each other, the Wings, however, gene.
rally in the rear. Upon all other articles in the
Democratic creed except that in relation to Banks,
we are able to hold our own; but it is melancholy
fact, that we have long been compelled to knock
UNDER whenever the money power has been arrayed
against us. This by the way is species Of writing
devoutly abhor, and must be permitted to plead the
necessity of the case, before recording nsnuations
which others will be bound to repel. 10 this city we
have what is termed Board of Brokers, who enjoy
the exclusive privilege of bung up and bearing down
every species of investment so as to promote the rise
fall of each within the time of demand or delivery
The stock of an nsovent bank, depending for its
value upon recharter, or the prospect of recbar.
ter, is in this way swellcd or depressed by every
breath of news from the seat of Government To-
night, the bill is voted down, and large purchases are
made at reduced prices tomorrow, it is reconsider
cd, and the fortunate holders are able to realize
profit of from fifty to hundred per cent. A tempta
ton you will readily see is thus held out not only to
every democratic citizen, but to even the mos, unim
peachabe members of the legislature, to speculate,
and, as consequence, vary from the strict line Of
democratic duty. Nor is this temptation essened by
the consciousness that suspicion is certain; on the
contrary, the impossiby of escaping censure any
how not only increases, but renders il irresistible
This course of things they say here has led to the
resusctation of the institution in question. have
TO trace It to far destructive and appall-
ing result in prospect
The election OF Mr.. Polk settled for an indefinite
period the question of National Bank The friends
Of that institution, however, not settled except
to the designs which they have been compelled to
entertain; and the opinion ,smenably general that
II has been through their secret -uccor ths, the Gil