New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-07-24

original investment; but however that may be-
from and after the meeting Of this Convention
that concern too, We take it, no less than the
Bank Of the United States two days after, " will
"cease to exist in any shape"
This simultaneous fall Of two ins atutions
once 40 mighty and once so intimately related
calls 70 mind David's lament over Saul aud JON
athsn. 1t cannot indeed be exactly said of the
Bank Of the United States and the Wing party
(at least not since the comm ncement of the
windiDg.ur process some fourteen years ayo)
that they "were lovely and pleasant in their
"lives;" but the other verse of the elegy holds
true" in their deaths they are not divided"
The Wing party in its origin at least WAS
parasitic plant rooted upon the Bank of the
Uniteo States, and that parent trunk having Itself
faHen, what more natural than that the Wing
party, not having struck down into the free soil
any vigorous shoots Of its own and falling TO
find any nourishment in the cefts of the dry
rocks Of Slavery, into which its rootlets stTOve
to insinuste themselves, should disappear before
the rising public sentiment as the fallen leaves
are swept away by the Autumnal winds from
the North
The Wing party had its origin in the war de-
clared By Gen. Jackson against the Bank of the
United States. 1t took that name, and first as
sumed an organized existence on occasion of the
removal Of the public deposits from the United
States Bank in the Summer OF 1888, shortly af-
ter the commencement of Gen. Jackson's sec.
ond Presidential term. The name Of Wing, as
IIat,, 4, . h. 30 frat
eested by The Courier and Enquirer of this City,
which, from having been a very warm supporter
of Gen. Jackson's Administration, became sud
denly, upon this Bank question, very violent
opponent of IT, The very heterogeneous ma
terials of which this party was composed and
which in fact had no common bond of union ex-
cept hostility to Gen. Jackson made the selec-
ton Of name for it no easy matter In the
previous Congress the Bank had obtained the
passage by + considerable majority of an act for
It's re. charter, but this Gen. Jackson had vetoed.
That veto and the subsequent removal of the
deposits were denounced as Executive usurpa-
ton. 1t was as opponents of Executive usur-
patton and Of the attempt which WAS charged
against Gen. Jackson to bend Congress aud che
people to his wshes, that the new party ap-
pealed to the people-an appeal it was sad,
which gave Them just title to call themselves
Wings and TO stigmatize the supporters of Gen.
Jackson and OF his measures sgainst the Bank
as Tories. This suggestion was regarded as
happy one The name Wing was at once
adopted by the newspapers friendly to the new
party, and being soon recognized by political
conventions, it became before long an estab-
lished appellation among foes as well as friends,
including all who chose to rally under the stand
ard of opposition to Gen. Jacksons financial
policy.
The chief strength of this new party consisted
of the former National Republicans, so called-a
term which designated the amalgsmated Fed
eralists and Democrats of New-England and
New-York, Maryland and Delaware, who had
united to support John Quincy Adams for the
Presidency. They put into the concern at
least four.ffths of its solid political capital.
Henry Clay added the State of Kentucky, which
he was able TO carry for himself, though not for
AGams. Mr. Calhoun and the State of South
Carolina, though at first cooperating with the
Wings, could hardly be said to be at any time of
them, and they presently went back to Van Ba-
rem and the Democrats; but the Calhoun men Of
Virginia, led by Tyler, came into the Wing
party, as did the adherents of the same political
creed in Georgia aud other Southern States.
AfteIward the Wings received large accessionS,
first Of Southern men disguised that Martin Van
Buren,, Northern man, should have obtained
from the Convention of the supporters of Jack
sor nomination for the Presidency; and, sec
ondly, OF Northern men Disguised at the policy of
Mr.. Van Buren, after his election in refusing, af-
ter the general bank suspension, to continue any
longer the pet bank system. The offended di-
rectors and stockholders of the discarded pet
banks first took the name Of Conservatives and
afterward went over to the Wing party, of which
they increased the numerical strength without
adding much to its moral character, or its
unity of sentiment.
1t was by this ILL., eompacted party taking ad.
vantage of the pecunary distresses Of the coun-
try that the election of Gen. Harrison was car
Tied. Mr.. Clay and the old Wings still believed
in National Bank but many of the newer re-
cIuits to the party took different views, and
among them John Tyler, whose refusal to CO.
operate in cbartering new National Bank pro-
duced an explosion in his Cabinet which re-
suited in placing Mr.. Calhoun at the head of the
Executive Administration, in the election of a
Democratic Congress, in the adoption of the an
nexation of Texas, and entire subserviency to
the shareholders as the platform of the Demo
cratic party, and in the election of Polk upon
that ba.is.
Shortly after this explosion in Tyler's Cabinet