The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1880-02-14

| % use ", the distress and alarm which per
the hank ofths unitsd States vssoa war up
on tho people In srder 90 sompo
them 70 submit 10 its demands, can
not yet no forgotten, The ruthless an,
nnsparing temper with ~hich whole elite
| and communities were oppressed, individual
Impoverished and ruined. and q scene q
cheerful prosperity suddenly changing int,
ono o. gloom ana dependency, ought 10 b,
indelibly Impressed on the memory OF tbs
people OF the Unlled States, II suoh was Ia
power In time OF posos what would IL moi
hsye been In season Of war, with an enemy
~ your doors No nation but the froemel
~ tho United States could have como ou
victorious nom such q oontoati yet. n you
had not conquered tho Government would
have passed from tho hands OF the many q
tho hands OF the fowl and this organized
money power, rom ia secret csnclAye,
would have dictated tho choice OF your hlsn.
eel officers AMI compelled you TO make peace
orwsr, w beat suited their wishes The forms
Of our Government might for a time have To-
inhined, but Us living spirit would have dos
parted from IL.
l read from Jacksons lhh annual mes
sage:
II being thus established by unquestlona.
bic proof that the Bauk OF the United StStes
was converted Into permanent electioncpr-
ing engine, 10 appeared to me that the path
OF duty which tho executive department. OF
no Government ought to pursue WAS not
doubtful, AS by the terms OF the bank char
ter NJ officer bu the Secretary OF the IRE tsuty
could remove the deposits, II seemed To me
That this authority ought to be nj once exert.
oil 10 deprive that great corporation OF the
inppOrt aud cOuntenancs of the HOvern-
ibent In such use Of It's funds aud such All
exertion of It's power.
Ia this point OF the case tho question 10 dis
linctly presented, whether the people OF the
United states are 10 govern through represent
atlves chosen by their unbiased suifraEes, or
whelher the power and money of Il great cor
poratlon are to DO seoretely exerted 10 Influence
their judgment and control their dsci.io ions, II
must now be determined whether the bank IL
10 nave us candidates for all officers In the
country, from the highest TO the lowest, or
whether candidates on both sides of political
questions shall be brought forward as hereto
tore, and supported by the usual means. At
lhlS time the EFFORTS of the bank TO control
public opinion through the distresses OF some
anu fears OF Others are equally apparent,
anu u possible, more objection able. BY d
Gurlailment of Its accommodations, more
rapid IMAM any emergency requires, and eve n
while II retains specie 10 IN almost unprece-
denttd amount IN It's van Is, IL Ia attempting
toprodnce great embarrassment In one portion
OF the community, while through presses
known TO have been sustained by its money II
a templs ny unfounded alarms TO create
panic all.
These are the means by which II seem. TO
expect that II can force n restora II on OF the
deposits, and, as necessary consequence,
r&tort from Congress renewal of Its charter.
km nnppy TO know that, through the good
sense Of our people, the effort get up n panic
mas hitherto taile ana that through the In
creased accommodations which the Sta,e
banks nave been enabled 10 afford, no pubic
distress has followed the pxeftlOns OF The
bank; and II cannot be doubted that the ex-
erclse OF Its power and the expenditure OF It's
money, rs well rs its eilOr To spread ground
less alarm, Will be met and rebukedas they
deserve. In my own sphere of duty, should
feel nysef called on by the facts disclosed TO
order Scire (dctdS against the bank, with the
view to put an end ito the chartered rights il
has so palpably violated, were It not that
the charter itself Will expire rs soon as de-
c'slon would probably be obtained from the
90 prt OF last resort,
And again, from his celebrated protest
spread on the records of the Senate, against a
vote of censure for removal of the deposits
The Bank of the United States, a great mon
eyed monopoly, had attempted TO obtain
n renewal OF its charter by controlling
he elections of the people and the action Of
the Government. Tho use of It's corporate
funds and power In that attempt was fully
disclosed; ana 1t was made known to the
President That the corporation was putt ny In
train the same course of measures with the
view OF making another vigorous effort
through an Interference in the elt ction OF the
people, to control pubic opinion, and to force
the Government TO yield to Its demands
This, with It's corruption of the PRESS It's vio-
lntion OF It's charter, It's exclusion of the Gov
eminent directors from It's proceedings, its
neglect of duty, and arrogant pretensions,
made 1t, in the opinion of the President in
with the public interest and the
safety OF our institutions that IL should be
longer employed as the fiscal agent OF the
Treasury.
The Senate censured but the people sus.
tanned him, and have cannonized his
Suchar the views which the greatest
leader of the Democratic party since the
days of Jefferson labored for q lifetime to
impress upon the people of the United
States, and such the principles which guided
his administration of this Government. The
changes which have occurred since, seem only
to illustrate the profound ssgacity and pat
riotism of the illustrious statesman who be-
queathed them as a legacy to his country
men. The great railway corporations whose
roads span and gridiron the continent,
and are the carriers of our vast internal COM
niece, being rapidly consolidated and con-
in few hands when profits are
pooled" to the utter destruction of COMPETE
ton, with unlimited power to tax the mar
ketable products of the country, which have
10 this time defed every effort to bring
Them under control of the peoples
Government had then no existence, nor
mad the thousand other methods of using
power which have been since de-
yeloped. Then no power existed in less than
. half dozen railroad presidents to meet in
ecret conclave as they do now, with blinds
,losed and curtains drawn, and by raising
heir tariff of charges impose tax amount
ng to hundreds of millions of dollars on the
products of labor, to which the people are
to submit, which imposed by
aw of Congress would almost drive them to
! rebellion. Vast combinations of capital, |
corporate and otherwise, which now, under
most oppressive tariff, exact bounties from |
he people averaging $40 for every 800 they
xpend for any purpose, not excepting even
he very iron over which their products are
oiled to market, then were hardly |
lreamed of.
The prophetic vision of jackson pierced |
he future as that of no other did, and VIC feel |
t and know it. because the greatest question |
low pressing for solution upon the Ameri-
an people is, not how to subject corporate
md money power to the peoples will, but
low to prevent these.powers from dominating |
he Government ofthe people. The national |
'ank system, the most powerful aggregation
f corporate powers in the world, based on
government bonds, the property of private
controlled by officers and diree-
ors in whose election the Government has
% voice, is nevertheless part of the ma
hinery of the Treasury Department, which
nustrun iii harmony with the balance, or
he whole must stop. 1t is the depository
nd fiscal agency Of the Government; it Is