Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-10-20
aEN. JACKSON AND BANEs.-HIg FAREWEII

trious public career than that Of currency and the
evils of the banking system, Federal and State No
one ever warred with them with such determined
resolution, or crushed them so eectuay as he did.
With the people at his beck he bid defiance to the
whole monied power of theccuntry. But Gen, jack
son understood their seductive andinsiduous too
well to suppose that they would not make other eff
forts to tx themselves upon the ytals Of the country
he therefore took special pains in the farewell ad
dress which he bequeathed to his counrymen 3. the
close Of his eyentful public career, to anticipate
these evils recount their dangers and warn posteri
ty against them. II was for US 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 was speaking to
Us from the capital:
50 The severe lessons Of experience will doubt
not, be sufficient to prevent Congress from again
ehsrtering such a monopoly, las the Bank 81 the
United States) If the Constitution did pre-
sent an insuperable objection to it. But you must
remember, my felloWcitizens, that eternal vigilance
by the people is the price Of liberty and that you
must pay the price if you wish TO secure the bies-
sing. Il behooyes YOU therefore, to be lcetctat IN
your States. as well as in the federal government
The power which the moneyed interest can exercise,
when concentrated under sing e head and with our
present system of currency, was sufficiently demon
strated in the struggle made by the bank ofthe Uni
ted States. Defeated in the general government,
the class Of nriguers and politicians will
to the Ssies and endeayor to obtain there the
same organization which they failed TO perpetuate
in the Union; aud with specieus and decettul plans
of public advantages and Stale interests and State
pride, they will eudeavor TO establish, in the differ
emit States, one moneyed institution with overgrown
capital, and exclusive privileges sufficient to enable
it to control the operations ofthe other banks Such
an institution will be pregnant with the same evils
produced by the bank of the United States although
its sphere Of action is more confined; and in the
State in which it is chartered, the money power will
be able to embody its whole strength, and to move
together with undivided forces to accomplish any
object it may wish to attain. You have already had
abundant evidence of its power TO inhictinjury upon
the agricultural, mechanical and aboring classes OF
society; and those whose engagements III trade
or speculation render them dependent bank faeili
ties the dominion Of the State monopoly will be
abolished, and their obedience unlimited. With such
a bank, and paper currency, the money power
would in few years govern the State and control
its measures; and if a sufficient number of States
can be induced to create such establishments, the
time will soon come when it will again take thehed
against the United States aud succeed in perfecting
and perpetuating its organization by charter from
Congress
'st is one of the serious evils of our present sys
tenn of banking that it enaSles class of society
and that by no means numerous one-by It's
control the currency, to act iDjuriously upon
the interests Of all the Others and to exercise more
than its just proportion of influence in political af
fairs. The agricultural, the mechanical and the
laboTing classes have ltfe share in the dree-
ton of the great moneyed corporations; and from
their habits and the nature of their pursuits they
are incapable Of forming extensive combinations to
act together with united force. Such concert of ac-
h,
in a small district Of country, by means of personal
communications with each other; but they have no
regular or active correspondence with those who are
engaged in similar pursuits in distant places they
have but little patronage to give to the press, and
exercise but small share of influence overit: they
have no crowd of dependents about them, who hope
to grow rich without labor by their countenance
and favor, and who are therefore, always ready TO
execute their wishes. The planter, the farmer the
mechanic, and the laborer all know that their sue
cess 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 are the bone and sinew of the
country; 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 over
wheming numbers and wealth their side, they
in constant danger of losing their fair influence
in the government and with difficulty maintain their
just rights against the incessant efforts daily made
TO encrosch 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 corporations with exclusive privileges, which they
have succeeded in obtaining IN the different States
and which are employed altogether for their benefit
and unless you become more Watchfu in your States
and CHI of Dno and fora
elusive privileges, you will, in the end find that the
most important powers of government have been
given bartered away, and the control over your
has passed into the hands of these
corporations
1.-The paper money system, and its natural asso-
ciates, monopoly ami exclusive privileges, have al
ready struck their deep in tue SOIL and it 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 con-
tinue to beseige the halls of legislation in the Gen
eral Government as well as in the States and will
seek, by every artfce, to mislead and deceive the
public servants. 1t is to yourselves that you must
look for safety and the means of guarding and per-
petuating your free institutions Ia your hands, is
rghtfuly sovereignty Of the country, and
10 you, every one placed in authority is ultimately
responsible. 1t is always in your power to see that
The wishes of the people are carried into faithful
and their WILL when once made known,
people remain, as trust they ever WILL uncorrupt-
ed and incorrupuble, and continue Watchful and
Jealous Of their rights, the Government is safe, and
he cause Of freedom will continue to triumph over
all its enemies.
But it will require steady and persevering exer-
ions your part to rid yourselves Of the niquties
md nischiefs of the paper syssm and to check the
prit of monopoly and other abuses which have
sprung up with it, and Of which it is the main sup
port. So many interests united to resist all re-
orm on this subject, that you must not hope the
conflict will be a short one, success easy. My
tumble efforts have not been spared, during my
Administration of the Government, to restore the
Constitutional currency of gold and silver; and
something, trust, has been done toward the ac-
omplshmentof this most desirable object But
nough yet remains to require all your energy and
This power, however, is in your
ands and the remedy must and will be applied, if
'Ou deter mine upon it.
WALKER AND HIS DEAF MUTE INAMORATA. |
The world never likes to have hero without
Jerome. Greatness is never so attractive as when
inged with the mellow hues of romance of which
Woman is the one great source of inspiration.
An English traveller has recently issued book of
in this country. Among other things he
ives the following story relative to Gen. VIM Walk
r, which he processes to have learned from gen.
leman from Nashville, who had been school com
anton of Gen. Walkers, and who related to hin |
many particulars of his early history:
Walker first of ali studied divinity, and it was
robably only in consequence of the doubts and per-
textiles that so often disturb the studies of our
Dung theologans, that he abandoned that study for
Medicine. This, too, he gave up for some reason af
er time, and took to law, which, as you know, is |
o this country often Synonymous to politics In |
lew Orleans he connected himself with the press; /
ut here, in addition to law and physic, he had an
psode Of love, which, though not mentioned in the
ublic accounts of his career, had, believe. great
feet on his fortunes and character, and the story
f which had from source in which l can put
very confidence. At New Orleans he became &C
TAINTED with young girl very beautiful and intel
,ctual, but deaf and dumb.
''Walker was first attracted to this young girl by
rmpathy for her melancholy privstion, but slender
eling soon arose, and on her part the young lady
ecame passionately attached to Walker. Indeed,