The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-10-24
From the Wheeling Argus, Sept. 10Th.
The Tariff.


t,peen REPEAL and dREPUBLIcANIsN.--W We
have traced an interesting genealogy |
from the Noman Nobility through
the peerage, 10 the aristocracy OF the
loom IN England and to the stockhold-
ers, fundmongers and special protec-
tioniss of the HamiItonian dynasty in
this country. We have given the her.
aldic honors as step by step they were
degraded from the strong hand, stout
heart and clear head OF the ancient
Noman, to its descent and degradation
in the one, solitary, consuming passion
of gain. II may be in the order Of ma
ture that this passion should have an
intrinsic and necessary force, but it's
union with the political power OF the
country is meretrIcious, and, like ah
harlotry, will end in the degradation
and ruin Of any form Of government
however, otherwise, pure and well or.
dered. The government Of the United
States was instituted as simple and
nostenta,ious Republic, preserving the
existence Of the States to guard the in.
dividual rights Of the citizens. and ap-
pointing the general government with
force enough TO carry on International
relations. II never was intended that
the general governmen. should inter-
fere in the private concerns Of lie; new
er invade the domestic hearth, nor d.
rect the daily avocations OF the people.
|, was to be simple government and
severe in its simplicity-it was not TO
pass beyond the severe and simple
principles OF its organization.
The Conventio which framed its
form Of existence, refused to recognize
or grant any power of incorporation.
And vet Hamilton with his scheme OF
corruption, having first surrounded and
fastened on the legislation OF the coun-
try the Funding System, boldly pro.
posed and carried his unconstitutional
Banking System.
He repealed the Independent Treas
urv System instituted by the first Con-
gress, with the reckessness Of Treas
urv edict. This was followed by cap
ital all over the country committing
violation Of the negative clauses OF the
Constitution, forbidding States to issue
bills of credit, and in doing that indl-
rec,ly, as corruption always accom-
plshes its purposes, which II could moi
DO directly. A State cannot emit bills
of credit, therefore. she cannot author
| ize tho emission Of bills Of credit. Yet,
under the usurpat'on Of capital, she
can charter banking system and Dor
/. row its capital on credit and issue II
. 1t is political solicism. and we lear
!. lesslv refer to the case of Briscas VS.
G Bank Of Com. Of Kentucky II Peters
made BY Marshall & Story against tn
I second decision in the same case ant
a made by inferior and more supple mer
q (your John McI.ane's) when the pow
i er and influence Of the paper dolla
!. was manifes,ing itself more fully IN tn
,e streets and alleys Of the cities an
r. towns, and in the caucus legislation
a for presidential candidates. We nc
only refer to the arguments in the tr'
decision against the falseness OF IN
m second, but we refer 10 the intrins
weigh, OF those arguments against II
n. mere,riciousness Of the Paper Syster
en- and TO elucidate the fact, that the owe
e, sweeping current Of corruption na
sr. travelled so fast, that between the tlr
and second hearing of this cause, mi
he rior minds, diseased by the improp
N. spirit of the times. could Garry the Re
re eral doctrines farther than Marshall
,ar Story! ,,.,
ra! The National Bank was establlshe
rs the State Banking system has trump
m ed over the Constitution. il.
nj. The national debt, and the doctri
Ter of Washington, Jefferson. Madison a
us Jackson, that in the munitions and
till cou,remen.s Of war the nation oue
on to be independent on other naslo'
US. perverted into the entire approval
his the Protective system, had complete
zee colonized in 1898 the English syst'
Fe, upon the "severe simplicity" Of our
our publican form Of government. Rap
!. to ", and, 10 those who watch the tx
that elevate or depress nations. te
rri- fully did i, run to crisis. The ba
taft ing system Of 1871 commenced ope
, in ton with a specie capital Of $l5,4(
tars ooo-: in 1887 there was 1872 bal
ver banks and branches, Of which 6ei
sen,ed in their official reports the
lar. tonishing increase Of nominal cap
had of S9so,779,osl and Of the tremend
,es. monetary and political influence
pos Observation-Disclosures on an AZ
) in al circulation of only loo.ooo,0oC
ews Add to this, in round numbers.
In hundred and fifty miIlionc of state d.
and we will now quote the substanc
our conclusions, in part, on the Eng
tied Policy. "But the Banks were crea
ON. This established a stock holding IN