Arkansas true Democrat., 1857-11-10
Fromthe Memphis appeal Gen. Jackson and Banks-His r,rao,, Address a his rO,r%~,,~o

0eu. JacKSOn and Banks-His Farewe1l Address to his Countrynen.
 There was no one question with which the strong mlnd of ANDREW JACKSON grappled, that ne more thoroughly comprehended at the close or his llustrlous public career than that of cur rency and the evils of the banking system. ieoerai ana State. No one ever warred with '',eni "'h sucy determined resolution or crush eo them so efectually as he did. With the i people at his back he bid defiance to the wbolc monled power of the country. Blu. Gen. JACK SON understood their seductive and ;nsid;ons arts too we'll to suppose that they wonld not make other efforts to fix themselves mon .tbe vitals of the country. He therefore took special pansln the farewell address which he beoueatb ed to his countrymen at the close of his event. tul pubic career to anticipate these evils re- count thelr dangers and warm posterity against them. 1t was for us who are now upon the theatre ot action that he wrote Let us heed, therefore, the following words of wisdom as though the patriot and sage still lived and was speaking to us from the capital:
 The severe lessons of experience will. I doubt not, be sufficient to prevent Congress from agan charterlng such a monopoly, Gas Me Banh ct tue Onlted &ates,) even if the constitution dld not present 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 blessing. It behooves you, therefore, to be aoatchfMin your States, as well as in the federal government The power which the moneyed interest can exercise. when concentrated under single head and with our present system of currency, was sufficiently demonstrated in the struggle made by the bank ol the United States Defeated in the general government the same class of intriguers and politicians will now resort to the States and endeavor to obtaln there the same organization which they failed to perpetuate in the Union. ana With speclous and deceitful plans of public advantage, and State interests, and State pride they will endeavor to establish in the diffaront States, one moneyed institution with overerown capital, and with exclusive privileges sufficient to enable 1t to control the operations of the other banks Such an institution will be preg nant with the same evils produced bv the bank of the United States, although its sphere of action Is more confined; and in the State in winch It IS chartered, the money power will be | able to embody its whole strength and to move together with undivided forces to accomnlisb any object It may wish to attain. You have already had abundant evidence of its power to ntllct injury upon the agricultural. mechanical and iahoring classes of society; and over those whose engagements in trade or speculation ron. Ger them dependent on bank facilities. the do. mlnlon of the State monopoly will be abolished and their obedience unlimited With such a bank, and a paper currency, the money power would in a few years govern the State and con- irol It's measures and if a sufficient number of States can be induced to create such establish mcns, the time will soon come when it will again take the field against the United States ana succeed in perfecting and perpetuatng its organization by a charter from Congress.
 | :" It is one of the serious evils of our presen f system of banking, that it enables one class of socetv-and that by no means a numerous one by its control over the currency, to act in 1 Juronsly upon the interests of all the others and to exercise more than its just proportion of influence in political affairs. The agricultural. the mechanical, and the laboring classes, have little or share in the direction of the great moneved corporations; and from their habits and the nature of their pursuits, they are inca pabe of forming extensive combinations to act together with united force Such concert of action may sometimes be produced in a single ety. or in small district of country, by means | of personal communications with each other. but they have no regular or active comespon. dencc 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 over il; 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 farm | er the mechanic and the laborer all know that their success depends upon their own industry and economy, and that they must not eypect 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: men who love liberty and desire nothing but equal rights and equal laws. and who moreover, hold the great mass of our national wealth, although lt is distributed in moderate amounts among the millions of frecmen who possess it. But with overwhelming numbers and wealth on their Side, they are in constant danger of losing their | fair influence in the government, and with diff culty maintain their inst rights against the n- cessant efforts daily made to encroach upon | them.
 The mischief springs from the power which the moneyed interest derives from a paper cur rency which they are able to control, from the multitude of corporations with exclusive priv. ileges, which they have succeeded in obtanino Tn the different States, and which are emp|ov ed altogether for their benefit and unless vau become more watchful in your States, and check this spirit of monopoly and thirst for exclusive privileges, you will, in the end, find that the most important powers of government have been gwen or bartered away, and the control over your dearest interests has passed into the hands of these corporations.
 he paper money system, and it's natural associates, monopoly and exclusive privileges have already struck their roots deep in the soil and 1t will require all your efforts to check it's further growth, and to eradicate the evil. The men who profit by the abuses, and desire to perpetuate them, will continue to besieoe the halls of legislation in the general government as well as in the States, and will seek. bv every artiflce, to mislead and deceive the public ser wants. It IS to yourselves that YOU must look for safety and the means of guarding and per petuating your free institutions In vour hands Is rlghtfully placed the sovereignty of the conn try, and to you, every one placed in authority IS responsible. It is always in your power to see that the wishes of the people are carried into faithful execution, and their will. when once made known, must sooner or later be ooeyed And while the people remain, as I trust they ever will, uncorrupted and incorrupt- ible, and continue watchfu and jealous of their rights, the government is safe, and the cause of
 ooo'h VIII cohtlhue to triumph over all its enemies.
 X" But 1t will require steady and persevering eNer'ons on your part to rid yourselves of the lnlquities and mischiefs of the paper system. and to check the spirit of monopoly and other abnses which have sprung up with it, and of which 1t IS the main support. So many inter- ests are united to resist all reform on this sub. lect, that you must not hope the conflict will pc snort one, nor success easy. My humble efforts have not been spared, during my admin. istratlon ot the government to restore the con. stitutlonal currency of gotl and silver: and something. trust, has been done toward the accomplishment of this most desirable object But enough yet remains to require all your en. ergv and perseverance,. This power however sln your hands. and the remedy must and will be applied, if you determine upon it."
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