The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1857-11-13
General Jackson and the
ns3mixS.

Hear what the old Hero says in his farewell
address to his countrymen =
'The severe lessons of experience will, I
doubt not, be sufficient 10 prevent Congress
from again chartering such a monopoly, las the
Bank Of tie United Stafes,) even if the Con-
slitntion did not prevent an lnstferabe objection
TO ii. Bot you must remember, my fellow
citizens, that eternal vigilance by the people is
the price of liberty; and that you must pay the
price il you wish to secure the blessing. 1t
b4hooves you, therefore, 10 be watchfui in your
STATES, as Well as in the Federal Government
The power which the nonied interest can eX-
eFcISp, when concentrated under single head,
and with our present system of currency, was
sufficiently demonstrated in the struggle made
by the Bank of the United States. DEFEATED
in the General Government, the same class of
intrjgners and politicians vii now resort to the
States. and endeavor to obtain there the same
the Union; and With specious and dpceitful
plans Of public advantages, and State interests,
and State pride, they will rndeavor TO eStab-
lISh, IN the different St;Ies, one moned nsti-
tutlon with ovFrgrown capital, and exclusive
privileges sufficient to enable ii 10 control the
operations of the other banks. Such an nsti-
tuition 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 il is chartered. the
money power will be able 10 embodv its whole
strength, and to move together with undivi-
ded forces TO accomplish any object it may
wish to obtain. You have already had abun-
dant evidence Of its power to in1ct injury
upon the agricultural, mechanical and labor
ing classes Of society and over those whose
engagements in trade or speculation render
them dependent on bank facilities, the dominion
OF the State monopoly will b. 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 establish
ments, the time will soon come when it will
again take the field against the United States,
and succeed In Periecting and perprtua-
ting It's organization by charter from Con-
gress.
sit Is one OF the serious evils of our pres
ent system OF banking, that it enables one class
OF society and that by no means numerous
one-by lis control over the currency, to act
lnJurlonsly upon the interests of all the others,
fuence in political affairs. The agricultural,
the mechanical and the laboring classes, have
little or no share in the direction of the great
moneyed corporations and from their habits
and the nature OF their pursuits, they are IN
capable OF forming extensive combinations to act
together with united force. Such CONCERT of
action may sometimes be produced in single
cry, or IN small district of country, by means
OF personal Communications with each other.
but they have no regular or active correspon-
dence with those who are engaged in similar
pursuits IN distant places they have but littlr
patronage TO give TO the press, and exercise out
a small share of influence over it they have no
crowd otdependrntS about them who hope to
grow rich without labor, bv their countenance
and favor, and who are therefore always ready
10 execute their wishes. The planter, the
farmer, the mechanic, and the Iaborer, all know
that their success depends upon their own in
dustry and economy and that they must not
expect to become suddenly rich by the fruits
'of their toll. Yet these classes Of society from
the great body OF the people of the United
States they are the bone and sinew Of the
country men who love liberty, and desire
nothing bat equal rights and equal laws. and
VINO, moreover, hold the great mass of our
national wealth, although it is distributed in
moderate amounts among the millions who
possess 1t. But with overwhelming Numbers
and wealth on their side, thev are 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 encroach upon them.
"ihe paper money system and its natural
associates, monopoly and exclusive PRIVILEGES
have already struck their roots deep in the soil
and 1t 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 ,o b,s;,o.,