Daily Nashville union. [volume] (Nashville, Tenn.) 1862-1862, 1862-06-12


We once had National Bank. FoI
many years il was managed iudiciously
and patriOtically. 1t provided good
currency for the nation. IL confined t.
self to the limits prescribed by its char
ter, and won the confidence of the whole
country. 1t was chartered first by
WAsHINGroN and re-chartered by JANE
MADISON. It prospered. II became in
toxicated with success. II sought to be
come a monopolizer of staples, and an
enormous stOck-jobbing concern. More
than this, it sought in its ambition, now
as insatiate as the nav of wolf to con-
troll the politics Of the nation, and TO sub
sidize presses and Congressman. The
people become alarmed and indignant
that mere institution of their own crea-
ton should seek to become their lord and
master, and they smote it to the dust
and trampled it under foot This was
the first s0a7aing to institutions solich aim
atpolStioal po1cer.
We hada Protective Tariff Under its
wing the manufactures of New England
increased and. hourished astonishinglv.
Villages and factories sprang up as if by
magic, along every stream and river of
New England. Her manufacturers amass
ed wealth. People rejoiced in their well
fare, for they wished American manu-
features to prosper, But the manufactu-
rers, like the Benkers, had their heads
turned with success, and sought to make
the Legislature of the nation subservient
to their own ends. The manufacturing
interest forgot that it was but compo-
nentpart of great aggregation of inter-
ests, and attempted to seize the reins of
Government. And again the people be-
came alarmed and indignant that mere
institution of their own creation should |
seek to become their master, and they
smote it-and it fell. This was the sec
ond aoar7a5ng to institutions which aim at DO
6ticaz po,0er.
The system of slavery, at the forma-
tion of the Federal Government, received
its generous protection. II asked for
more territory and got the splendid ter
ritory of Louisiana. II asked again for
more and got Texas. A few men found
themselves, by accident, the possessors Of
enormous wealth. The Tobacco, Cotton,
and Sugar planters made large fortunes,
while other farmers in the Free States
made only competency. The slave in
terest asked for guarantees and peculiar
privileges. They were granted. It de-
manded monopoly of the Government.
Slavery was the Shilboleth and passport
to honor and profit and all were exclu-
ded from office who dared to doubt its
divinity. The question asked of all as
pirants was, care you sound on the
slavery question: 1t clamored for a
monopoly everywhere, in the Church, in
the School, and in the State. 1t ceased
to be mere property, and assumed the ter
rible aspect so alarming to all true,demo-
Gratis, Of an organized, consolidated, a0eB
arStlea political poaoey, demanding all ainQs,
md conceding nothing. So bold, insolent,
and tyrannical have the demagogues be-
come who have used it as hobby to
ride into power, that they have even
sought to destroy the Government.
Their motto is "Rule or rain p No won
der that again the people have become
alarmed and indignant. The notes of
lhe hird eoaraing are sounding in the dis
ance, and he who has studied the past,
ian easily foretell the result of the con-
est if 100000 shareholders, in defiance
If law, in defiance of the Constitution,
md in defiance Of the very genius of
'ur GOvernment-which declares that
nan shall control property and mot property
ortroI man, shall madly persist in at
empting to domineer over 100000 of I
free white citizens.