Indiana State sentinel., 1847-07-01

',lIe repeated Nominations legislative
e'-. which had proposed him for the Presidency Of
States expressed them, regret
ted that they bad been made They put him in false pD>
iOn presumptive candidate for place with which he
had utterly and uniformly refused permit his be
connected They impaired his usefulness in the Senate by
subjccng his conduct in the discharge of his public duties
the tant Of suspected pers rsonal motive Under this
pee, these nominations were embarrassing to him. and det-
mental the public service He then proceeded speak
the upon which this refusal was based:
They founded in deep conviction Of what due
10 the harmony and stability Of the democratic paTy-and
what more taking into view the late slavery popagan
dist test invented without cause and ngrany for the next
Presidential eection-taking this view and his
founded only what due 10 the party but
the harmony and stability Of the Union, and the future
existence Of any party founded any political principle
To she northern democracy he had long and often proclaim
ed the next presentation OF Presidential candidate be-
lOnged; and n could his become OBJ
staele 10 such eonSummation hese were his reasonS
They would carry conviction of his real Intentions all
candid mndsput end 10 all future mention Of his
Tor the PTeSdeDcyand leave him with the pleasant task Of
adding his many thanks his for their long
aud steady support Of him Senator heartfelt
ion Of his gratitude for the repeated manifestation Of their
wish 10 raise him to the highest station the government
After stating the in which he had endeavored 10
his gratitude 10 his constituents, which by
vices rendered rather nan words he added his thanks for
the favor shown by them to Col Fremont All the exped-
tOns Of this officer had been fitted in Missouri equipped
and started from Missouri and sustained by Missouri
lie then passed brief but glowing sketch Of the present
prosperous condition Of the country and This
copy entire for the interest its PeIusa will Afford
Col said the time auspicOus for speech Of thanks
ID time Of felicity The country was prosperous the
armies vcorOus crops abundint prices good produce and
labor in demands the currency solid exchanges even banks
paying specie; shin-plaseTS gone gold plenty and all
without regulator. without king bank, king man,
keep commerce, currency, and industry alive. This
pleasant spectacle 10 behold, inspiring influence to feel
and subject for study 10 the reflective conempave mind
Ten years ago il not and il had under the
operation Of wise laws dating their origin fom the admins
ation Of President Jackson and thought by many. the
time Of their adopOn be aught with evil The
Of king bank Ioring all other banks and per-
sOns and conendng for political supremacy with the fede
on of he
gift Of God for standard and OF values,
the principles Of these acts and the without which
all others would have been unavailing.
COL b. said he spoke of things all Of which he saw, and
part Of which he He in that affair Of the bank
the gold currency and not merely architect Of desruc-
tion but also Of construction He did not value very highly
the talent which pull down, but cannot build up The
blind man pull down temple; it requires the Of
the eyes, and Of all the senses TO build Ia lega-
in especially, il is flult destroy existing
though defective without providing substitute
Ter. lie had ambition to emulate the deed of the blind
man. though strong; had passion for defective
legislation but he did have passion for nyes igaton
research for tracing events and back to the begin
DDg aud learning the Of things There had been
national bank beore-ounded in '9lexpired in 1911. lie
stu the history Of that bank and weighed the conduct
the eminent men who performed an act Of Priolie duty
and made il die when its time But seemed to hin
they bad done their duty by the half only They drwI
one national currency, without putting up another The
people, the States, and the federal government al
thrown upon the local banks aud upon silver heTe bein!
no gold in that time for money.
The resource broken reed The notes local bank
too limited in credit, too shallow in founlsan to-
mulltanus TO serve for general curency-siIver wa
too cumhIouS. The after the expiration Of th
bank charter with Great Britain broke out. War wa
the great Of eurTences well o The lOca
currency failed: the people, the States, the fedora
government without money! and without credit 10 bor
money Deprecated bank PAPER tecame the only medi
and could be only used at great loss. The fedora
government obtained small loan favors high in
ees and under par and received in base deprecated
Treasury sunk low 33 per cent below par Al
government stocks discount; anil in fact, the
had stopa drawn battle had be made of it-for
of tn Tho Of I
Of the eminent Of 1911, who only did their
good work, by the hal-put down one currency whou
putting up better.
He this Of 1911, and determined 10 avoid il il
putting end TO the second national bank. He determine
getting rid of general currency eudeavo pos
Of another and better. Gold that other
better; but il had been dead for thirty years. and the
posa to revive il looked upon with pity by some rid
eule by others, despair by almost all General Jackson
exception. He seized the grand idea at made il
ad nintIaOn measure and brought TO all the strengt
which followed hs6nr M there were great diff