Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-11-04
GEN JACKSON AND BANKS FRS PARE

GEN. sJAEkSUN AND BANko- HIP FAhE-
WE'LL ADDRESS 70 H1S COUNTRYMEN.
There was no one qssstion with whicti the sarong
mind Of Andrew jackson grappled, says the Nash.
vile Uaima, that he more thoroughly comprehended
ut the close Of his ustfous 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 effectually. as he did With the people at his
back he bid de6anceto the whole moneyed power OF
the country But Gen. Jackson understood their Sc
ducve and inSidious arts too well to suppose that
they would not make other efforts fix themselves
upon the vitals Of the Country. He therefore took
special pains in his farewell address, which he be-
aueathed his counrymen at the close of his event
ful public career. to anticipate these evils. recount
their dangers, and warn posterity against them 1t
was for us who upon the theatre Of action
that he wrote. Let heed, therefore, the following
words of wisdom though the patriot and sage still
lived and was speaking to us from the capitol:
"The severe lessons of experience will, doubt
not, be sufficient to prevent Congr' IS from again
chartering such monopoly, las the Bunk OF the
United S"tes) even If the Constitution did not pre-
sent an insuperabc objection to it. But you must
remember, my follow citizens, that eternal vigilance
by the people is the price Of liberty and that you
must pay the price if you wish to secure the bes
sing 1t behooves yon, therefore, to he sontcf"t IN
your States, we'll 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, sufficiently demon
strated in the struggle made by the Bank ofhe Uni
ted States Defeated in the general government, the
class of intriguers and politicians will now re-
sort 70 the States and endeavor to obtain there the
organization which they failed to Ierpetuate in
the Union; and with specous and deceitul plans OF
pubic advantages, and State interests and State
pride, they will cndeavor to establish in the different
States moneyed institution with overgrown cap
ita and exclusive privileges sufficient to enable it to
control the operations of the other banks. Such an
institution will be pregnant with the same evils pro-
duced 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 to.
gether with undivided forces to accomplish any OBJ
ject it may wish 10 attain. You have already had
abundant evidence of the power to intict injury up
the agricultural, mechanical and laboring classes
of society; and over those whose engagements in
trade speculation render them dependent on bank
facilities. the dominion of the State monopoly will
BE- abolished, and their obedience unlimited. With
such bank and paper currency, the money pow
would in few years govern the State and control
its measures: and il sufficient number of States
can be induced to create such establishments, the
time will soon come when it will again take the field
against the United States and succeed in pertecting
and perpetuating its organization by charter from
Congress.
1t is of the serious evils of our present system
Of banking, that it enables class Of socety-and
that by no means a numerous one-i'y its control
es:s Of all the others. and to exercise more than its
just proportion Of influence in political affairs. The
agricultural the mechanical and the lahOng classes,
have little share in the direction Of the great
moneyed corporations; and from their habits and
the nature of their pursuits, they incapable Of
forming extensive combinations tp act together with
united force. Such concert Of action may sometimes
be produced in single city, or in small district OF
country, by means of personal communications with
each o her; but they have regular active cor
respOndence with those who are engaged in similar
pursuits in distant Places they have but little pat
ronage to give the press, and exercise but small
share Of influence over it they have no crowd Of
dependents about them, who nope to grow rich with
out labor, by their countenance and favor, and who
are, therefore always ready to execute their wishes
The planter, the farmer, the mechanic. and the Ia
bn,er all know that their success depends upon
their industry and economy, and that they must
expect become suddenly rich hy 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 sncw 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 it is distributed in
moderate amounts among the millions Of freemcn
who possess It. But with overw hclming numbers
and wealth on their SIDE they in constant dam
ger Of losing their fair influence in the government,
and with difficulty maintaining their just rights
against the ncessant efforts daily made to cncrOach
upon them
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 employed altogether for their benefit
and unless you become watchful in your States
and check this spirit of monopoly and thirst for
elusive privileges, you WILL in the end find that the
most important powers Of government have been
given "r bartered away; and the control over your
ores has ipfO he han nf
Col porations.
The paper money system, and its natural associ-
ates. monopoly and exclusive privileges, have al
ready struck their roots deep in the SOIL and it will
require all your efforts check its further growth
and to eradicate the evil. The men who profit ny
the abuses and desire to perpetna,e them, will
tinue to besege the halls of legislation in the Gen
eral Government well in the States, and will
seek, by every ar6se, to misead and deceive the
public servants. 1t is to yourselves that You must
look for safety and the means of guarding and per-
petuatng your free institutions. In your hands is
rghtuly placed the sovereignty of the country, and
to you every one placed in authority is ultimately
responsible 1t is always in your power to see that
the wishes Of the people carried into faithful cx-
ecnton, and their will, when made known,
must sooner or later be obeyed. And viii the PEG.
pie remain as trust they will, interrupted
and incompatible, and continue watchfu and jealous
Of their rights the Government is safe, and the
IF freedom will continue to triumph over all its enc
mics.
But it will require steady and persevering exer-
tons your part to rid yourselves of the iniques
and mischefs of the paper system, and to check the
spirit of monopoly aud 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-
form on this subject, that you must no, hope the
conflict will be short one, success easy. My
humble efforts have not been spared, during my adj
mnsttation o: the Government, to restore the con-
stituonal currency Of gold aud silver; and some
thinp I tru has hee dnn tho l;rh-