The star of the north. [volume] (Bloomsburg, Pa.) 1849-1866, 1857-11-04
General jackson on the Banks.

ihoss abuses which are iRseparably connect
ed with il, FOR the purpose OF educating ant
iniormins The judgments of the masses upor
the great question Of currency which is now
: Justly claiming prom inenl posilioH in tl,t
, affaifs of thi. county. To-day We give the
views OF banking al thai 9teRi apostle OF de
mocrary, Audsew Jackson, on The suijert.--
Hear what The old Hero says in his farewell
address 10 his coun'rymeu:-Pennsylua
"The severe Iessons of experience will. |
doubt not, be Sufficient TO prevent Congress
from ~ am charleIr2 snch a monopoly, Gas
tie Bank Of lie United &ates,) event The cou.
stllutIOn did not prevent 81 Tnsuperahie OBJ
j"ctioE 10 it. Bm you mu,t remember, my
fellow ciizens, That eternal vigilance by The
people rs The price of liberty; sHc that you
H;rsl pay the price if you wish TO secure the
blessing. II hehooves you, therefore, to he
wa'chfn in your States, as well as in the
| Federal Government. The power which The
monied interest can exercise, when cOncen-
rated under q single head, and with our
present system Of currency, was Sufficiently
demonstrated in the Struggle made by the
bank ot The u. s. Defeated in the General
| Government, the same class Of intreuers and
| politicians will now resoi, 10 The States, and
endeavor 10 obtain there the same oiganiza.
ton which lhev failed TO perpelnuie in the
Union; and with specious and drceirIul plans
Of public advantages, and Sale interests, and
Safe pride, they ill endeavoT 10 establish,
in The different SAFES, one moned institution
with oversrown capital, and exclusive privi-
Iegss sufficient TO enable it TO control The op.
eratious Of the other banks. Such an insli.
luton will be pregnant wira the same evils
produced by The Bank Of the United States
although It's sphere Of action is more ecu.
fined; aud in the Slae in which i, is charter
ed, the money power will be able TO embody
It's whole strength aud 10 move together w,lh
undivided iotces 10 accomplish any olj'cl it
may wish to obtain. You have already had
abundan, evidence Of lis power To lnilict ia
jury upon ,he agricultural, mechanical aud
laboring classes OF socIetJ; and. over hose
whose engagements in trade or speculation
render them dependent on bank facilities,
the dominion OF the State monopoly will be
abolished, and their obedience unImiled--
W'th such bank, and paper currency, the
money power would IN lew years govern
the State and conIol lis measures; aud il
sufficient number OF SAFES can I've induced
TO create such establishments, the time wlll
soon come when it will again take the G 'ld
against the United Safes, aud succeed in
pettec'ing aud perP'tua'ng It's Organization
by charter from Congress.
"l is one ot the serious evils Of cur pres.
eut system OF banking, thai ii enables Que
class oil society-snd that by no means a M.
MPtouS oHc--hy lis coulro over the c. rrcncy,
to act injutiousiy upou the interests of al
the others, anl 40 exercise more rhan'ts pro
portion OF U1uenre in political affairs. The
agricultural, the mechanical and The labor.
iny classes, have hUle OF no share IN The dl-
recuion ol the S'eat moneyeG corporations:
pursuits, lhey are incapable oi forming eX
tcusive combinations 10 act together with
united force. Such concert OF acIon may
sometimes te ptoLGced in a single city, or
in small district ol couu;ry, 10y means OF
personal COMMUNICATIONS with each other;
hut they have no regular or acuve corfespon
deuce wI'h those VITO are engaged IN slrnl.
lar pursuits ia ii,ra"r places; ,bcy have tu
liule patronage to give 10 the press, and ex
ercr>e but small share 81 uhnruce over 1t;
they have To ctuwd OF de tndruls about
thsUl, who hope 10 grow uCh without labor,
bv lhel. can,,icnauce and favor, and who
are. therefore, always ready 10 execute their
wishes The planter, The farmer, the me
rhan,r. and the lahorsr, all know tina: their
success deperds upon theit own industry
aud economy, aud that they must not expect
to become suddenly rich Nv The ir0lis Of
their soil Ier these classes OF society torn
The sreal hody Of the people OF he United
Stsle,: they are the bore and sinsw Of he
country: men who love liberty aud desire
nothing bu, equal laws, ard who moreover,
hold the great mass Of onr national wealth,
although II Is distributed in moderate amounts
.
( it. Bn, with overwhelming numbers and
! wealth on their side, they are in constant dan.
ger ot losing lher fair Influence in the gov
ernmear, and wi'h difficulty MAINTAIN Their
+ Jus, r,sh,s acairs, the ircessarl efors taiy
/ made 10 euctoach Il on hem.
4 "The mischief srrinss from The pawer
which the moneyrd interest derives from a
raie. currency which lhey are able 10 con.
. 'rol from the multitude Of corporations with
exclusive privileges, which they have sue.
ceedeA in establishing in he different Safes,
and which are employed altogether for rheir
/ bene6r: and unless you become more watch.
/ ful in yout Safes, and check lhis sHirit ci
monopoly AID thirst FER exclusive privileges,
ycu WI, In Tie end, iEd jha, the mo,r i'm
/ power If government have been gwen OF
pared away, and The conroI over your 'ar
e., interests has passed inIo the hands oi
these corporations.