The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1857-10-29

his selections to this country the purpose OF selecting
the proper localities in which TO commence these expert
ments.
From the Nashville Unon,
GEN JACKSON AND BANKS HIS FAREWELL AID
DRESS TO HIS CoUNTRYMEN.
There was no one question with which the strong mind
of Andrew jackson grappled that he more thoroughly
oomprehended the close of his usrious public
than that of currency and the evils of the banking system
federal and State, No warred with them with
such determined resolution crushed them eecuay
he did. With the people at his back he bid defiance
to the whole moneyed power of the country But Gen
Jackson understood their seductive and ndious arts too
well suppose that they would not make other efforts
fix themselves upon the vitas of the country He there
fore took special pains in the farewell address which he
bequeathed to his countymen at the close Of his eyenu
public career to anticipate these evils recount their dan
gers and postety against them 1t for who
are now upon the theatre of action that he wrote Let
us heed therefore, the following words of wisdom,
though the patriot and sage still lived and speaking
to us from the capital:
1.-THE severe lessons of experience will doubt not be
sufficient prevent Congress from again charering such
monopoly las the Bank Of The United Statds) even If the
constitution did not present nsuperabe objection TO
it, But you must remember, my iellow-citizcns that
eternal vigilance by the people the price Of liberty and
that you must pay the price you wish to the
blessing 1t behooves you, therefore, 10 rdt IN your
States well in the federal government. The power
which the moneyed interest exercise when
trated under single head and with present system
currency sufficiently demonstrated In the struggle
made by the Bank of the United States Defeated in the
general government the class OF ntguers and poll
tcans will resort the States and endeavor to obtain
there the same organization which they failed to perpeu
in the Union and with specous and deceitfu plans
of public advantages and State interests and State pride
they will endeavor to establish in the different States
moneyed institution, with overgrown capital and excu
sive privileges sufficient to enable ii to control the opera
tons of the other banks Such institution will be
pregnant with the evils produced by the Bank OF the
United States although its sphere of action is
fined and In the State in which it IL chartered the
money power will be able to mbody its whole strength,
and to together with undivided forces to accomplish
any object may wish to attain You have already had
abundant evidence of its power to inct injury upon the
agricultural, mechanical and aboring classes Of society.
and those whose in trade speculation
render them dependent bank facilities the dominion
of the State monopoly will be abolished and their obed
unlimited. With snch bank, and paper currcn-
CIV, the money power would in few years govern the
State and control its measures and if sufficient number
of States be induced to create such establishments
the time will when it will again take the field
against the United States and succeed in perecting and
perpetuang its organization by charter from Congress
1t of the serious evils Of present system
of banking that ii enables class of Rocetyand that
by numerous one--by its control over tho
currency to act nuousy upon the interests OF all the
Others and exercise than its just proportion OF
influence in political affairs. The agricultural, the
chanica and the laborng classes have little share
in the direction of the great moneyed corporations and
their habits and the nature Of their pursuits they
incapable of forming extensive combinations to act
together with united force Such concert OF action
SOM times be produced in single city, in a small ds
trict of country, by of personal communications
with each other but they have regular active
respondence with those who engaged in similar pur
suits in distant places they have but little patronage
give to the press and exercise but small share of In
uence it they have crowd of dependents about
them, who hope to grow rich without labor. by their
| and md yhn
ready to execute their wishes The planter the farmer
the mechanic and the laboer, all know that their sue
depends upon their own industry and economy and
that they must not expect to become suddenly rich by
the fruits OF their toll Yet these classes of society form
the great body Of the people of the United States they
the bone and sinew of the country men who love
liberty, and desire nothing but equal rights and equal
laws. and who, moreover, hold the great Of our
national wealth, although it is distributed in moderate
amounts among the millions of freemen who possess it
But with overwhelming numbers and wealth their
side they in constant danger of losing their fair In
| fuence in the government and with difficulty maintain
their just rights against the ncessan efforts daily made
| 10 encroach upon them
1.-The mischief springs from the power which the
moneyed interest derives from paper currency which
they able to control from the multitude Of corpora
tons with exclusive privileges which they have
ceeded in obtaining in the different States and which are
employed altogether for their benefit and unless you
become wachful in your States, and check this
spirit of monopoly and thirst for exclusive privileges
you WILL in the end, find that the most important pow
! OF government nave pecn gwen bartered away,
and the control your dearest interests has passed
/ into the hands of these corporations.
The paper money system, and its natural associates
monopoly and exclusive privileges have already struck
their deep in the soil and il will require all your
efforts to check its further growth and to eradicate the
evil The men who profit by the abuses. and desire to
perpetuate them will continue to besege the halls OF
legislation in the general government well as in the
States and will seek by every artifce to misead and de-
ceye the public servants 1t Is to yourselves that you
must look for safety and the Of guarding and per
petuating your free institutions. In your hands is right
fully placed the sovereignty of the country, and to you
every placed in authority is ultimately responsible
1t always in your power to that the wishes of the
people carried into faithful execution and their will
when made known, must later be obeyed
And while the people remain, trust they ever will,
uncorrupted aud incorruptble, and continue wachui
and jealous of their rights the government is safe and
! the Of freedom will continue to triumph over
| all It's enemies.
"But ii win require steady and persevering exertion'
your part rid yourselves of the nqutcs aud mis-
chiefs the paper system and TO check the spirit OF
monopoly and other abuses which have sprung up with II,
and of which ii is the main support So many interests
are united to resist all reform this subject that you
must not hope the conflict will be short one, success
easy Ny humble efforts have not been spared, during
my administration of the government, to restore the
constitutional currency of gold and silver and some.
thing trust has been done toward the accomplishment
Of this desirable object But enough yet remains TO
require all your energy and perseverance This power
however is In your hands and the remedy must and VIII
be applied II you determine upon II.
| ..s-