Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1855-02-05
Mr. Wise on General Jackson the United
States Bank. SnbtreasurY &c

states BANK. SuoueaSuiY 6C
\ correspondent of the Chrstiansburg Her
aid. furnishes il with an extract from speech
delivered in Congress b. Henry \. Wise, the
9th September. lsi7. The extract i not lengthy
but brief rs it i. Mr. Wise crowds into it a
malignant fling NJ Z en-. Jackson glowing de-
fence Of the United States Bank an in,nuatiou
that the democratic leaders were tnavcs and
fuols--a blow nj the State Bank system, and a
kick Il, the surtrrasnry. In each and all of these
thing. he flies right into the face Of the party
upon who he has been forc cd rs a candidate by
the Richmond Wire Workers. We have ~ 9TH
er commentary to make n present than to quote
passage from his speech the cth"r day IN Char
lotte.yille. Il hare no recaHiaiionS 10 make,
,rhgierer. hare oirdys acitd according 10 my
o,rp free ,riH aud mil do so noir.' Commend
inc This declaration 70 the attention OF Old line
dem Gratis, we submit what follows:
Eutrasr ron thq >roerb of NJ. Vi.-
.Truly. truly. it NAV he said sir that the erR
which Generui Jack son dIl lives after him. lie
was the most fortunate man that God ever per.
mitted 10 riot IN success and to triumph over
much that was good lie warred without coasiug
against the Bank o the tnii,d States ; he rem
dcred il an odens monster and killed it in the cnn-
or; and welding tint power against TINT institu-
ton. it ,ras fruetifying me nation sustaining
.rchdnge, maintaining ertdii, sound currency
REBUILDING in q measure tfcesSirt BANK ISSUES
meeting out 10 labor lis remard, iHsaring cont
deuce IL trade keeping prices sfeddy and I'D.
rancing. and ia trfrg lrds harding on fht tru
dan unfH after General 3arksoH's term 81 olfoe
,rpired Ills taeHstcr lived 10 keep him aud his
power and popularity alive until II was too tate
10 rehuke him for tine mschiets we now endure.
II gave u. a seeming prosperity which was all
aScrihed 10 General jackson, and verify his enc
nv was mad, To praise him. Sir, II was the
most signal instance of good fortune IN ms whole
life. that the bnnk continued IN on~tcnce IN
ill within year Of the expiration ct his
reigs ard that the effects If its death could not
be felt until one venr after the expiration of its
charter, aud one day after his political career
ceased You may look through the whole lite OF
General Jackson. | say, 10 the cock PIT the
horse racr scenes. 10 his hair breadth 'scapes IN
war and 10 his glorious victories, and not find II
parallel instance oi good lnck with tbs We
were told that the Bank would fall like the oak
in the forest, crushing every tender shrub IN
reach Of its giant trunk aud branches. Not 80
IL died like agood man, quietly and almost IN
silent prayer.
The earth shook no. n. is I'll. and yet IN one
year from that event, the credit Of the Go~ra
mtnt and The trndt Of ihs peopte are crushed =
Sir when il died the arteriul blood dried up; IT,
bill. of exchange which II kept al the lowest rate
in market, were that hoodt circulating III the
great arteries between the exporting and import
ing points-between North Fast and ~oath West
New YORK and New Orleans. The bank ,eas
your importing and exporting agent: the artery
OF Internal exchange cni and aou ne nation
lies bleeding 10 death. Now, oh yc people con
trast the last annual message of the chi.t, and
his farewell addVess with the first extraordinary
message of his successor. Sir, the admnl>tra-
ton either knew of all these results which We
have witnessed so ruinoHS and diSdstr0us-"r
they did not. They may take which horn OF the
dilemma they choose. If they did not see the
operation of causes and the coming of events a
most touching their noses. events which were
predicted for vears, events which have followed
so suddenly upon their boast, of prosp 'rlty; up-
on times when the administration pnrty was Tor
voting away millions for every species OF *
travagance; upon times when instead ut with
holding appropriations, they were making The
most numerous and extensive government con
tracts, contracting away millions in month. |
will not be harsh: | will not say If they did not
know, aud lid not consider they must have been
fooJ,. or e ,hev saw and knew what was coming
they did not warn thu peoplethey must oe hho'eS,
friend the other 6av said he would put
horns upon them and make he beast complete.
/ will not say they must he both kiioves ana 'o".s'
but Do say there has been most shh'nelul'
full, blind and gross mismanagement, and mdf-dd-
minisirdtion, and If there bc no hope of reform,
all hope Of preserving the government aud ia
freedom and purity must cease. The great pa
nacea, their deposte bank system has signally
--wofully failed. it WAS recommended and dcfen-
ded but yesterday, as the best substitute for the
bank of the United States; it was to supply ea-
change, and perform every financial and CONNER
ciol function; and we have seen in a day in what
it has resulted. They now recommend another
sovereign remedy-and another king cure all
a Sub Treasury system. Are they To be conf
ded in? Are they and their plan not to be dis
trusted'- Are the people moi sick Of their srper-
iments' But sir, tins part of the discussion !
must reserve for the time when the Sub Tveasu
ry system comes up; though do not believe 1t
viii ever be presented in good faith to the decis
ion and action of this house