The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1882-07-13

M accumulation Of obIoquy and oven OF accusa-
ton only lavished upon the opprpssors aud
plunderers OF nations, Vcrrcs or a Hastings
This was natural in such an institution
1t seems to be az natural now as then in
similar institutions. The comprehensive efeer
was also fayorite weapon against Gen Jack
son by the controllers OF the bank. II il curious
AMI most instructive now 10 examine the re-
port OF meeting VI the United States Bank,
called to consider n paper read by Jackson to
bis Cabinet III his Official capacity rs President.
The report was fashioned into memorial and
presented to Congress. In commenting on an
official act OF the President OF tho United States
the bank does not in this memorial dtign to
speak Of him as President. 1t refers to the
document bearing his official signature as -
paper signed Andrew jackson purporting to
have been read to a Cabinet, placing his name
between inverted commas to mark the depth OF
its contempt"
'Of tho paper itself, and OF the individual
who signed II. as the President was designated,
the author Of this memorial the conlraittec OF
bank directors, say iii IL difficult to speak with
the plainness by which such document, from
such q source should be described without
wounding their own sclf-respcct"
There was. In fact, no fern OF insolence
spared and no degree OF menace omitted. The
practices Of the bully, however. were lost upon
Gen. Jackson. He launched his immortal veto.
IN the name OF the people, against the con-
tinned existence Of monster which had turned
to rend and destroy the power which had
created it. He removed the public funds from
It's Gus. ody into safer hands. The bank and its
branches, i'll tie meantime were resolting in
all quarters Of the country to the influence Of
distress.
With their power over the money OF the
country they created panic and dismay in all
business circles and dried mp the fountains Of
prosperity. They impoverished millions OF in
noccnt men, women and children in order by
their ptcons cries TO force Congress and the
President into their support. Thousands Of
distress meetings, as they were called. con-
vcned throughout the country, listened to IN
hanmatory speeches, and adopted passionate
prayers to Congress for relief by sustaining the
bank against the President. "All this distress
and alarm. real and Fictitious, Was according
to the programme which prescribed 1t, and
easily done by the bank and its branches in the
States, its connection with moncy-dealers and
brokers, its power over its debtors, and It's
power over the thousand local banks which 1t
could destroy by an exertion Of its strength or
raise up by an extension Of it's favor
There is hardly in human history page
moro wicked and infamous than that which re
cords the efforts Of the old United States Bank
to porpctuate its power by the misery OF the
people. or to involve the country in it's own ruin
II il lad to fall. The past has already shown,
and the future will still further prove, that the
national bankf Of to-day believe in the same
policy Of coercion toward the Government, and
will resort to it without computation whenever
Al Issue il joined between the greed Of incorpo-
rated wealth on the one hand and the business
others may vote to perpetuate the corporate
existence OF this hydra OF oppression and cor
rup,ion. with its more than 1000 heads reared
nip all over the land, armed with toeth, and
| ready to strike ana destroy the prosperity OF
| the country, and the Government itself, when.
ever Its arrogance and supremacy are melesteo
or lnterfered With by the will OF the people le-
| ultimately expressed in Congress-; l can do nc
such thing. l am aware there are many who
hlndiy believe that the national-bankiny svs-
| TEN is the perfection Of wisdom, and that wher
1t fails the sun. and stars will fall ont oil
| the heavens and the earth DO wrapped in dark.
ness.
On the contrary, it il not only the most dan
/ gcrous 4. stem OF finance to the rights OF the
| people ever known in free Government but
ii las proven itself likewise the most expensiye,
and it las not single element OF safety, ex.
/ cept that which Is directly guaranteed by the
/ Government. 1t has not only shown its power
and Its exceeding willingness 10 convulse and
| agonlze every business and branch Of labor il
| the whole land to increase its enormous gains
| it has done more that calls for special condem
nation. Reliable statistics prove that the ia.
tlonsl banks Of the United States have received
from the pockets Of the taxpayers into theil
i ONus III SuC iu1ldlvc pItNuSS0 VI dStulS u
| mere agents to put the money OF the Govern
mcnt into circulation, almost enough to hav,
| pad the entire national debt. Is there an
| ascessity thus to plumber the people III order |,
| furnish them circulating medium? Is Their
any reason for such oppression and robber.
except that tho few are to be enriched at til
expense OF the many? Am / to be an
swered that the safety. security and stability o
our currency justify such system Of domino
ton and spoliation ~ this, aud that these de
sirable ends can be obtained in no other way
Sir, what quality OF safety do the banks con
fer upon the money Of the American people a
this time? IL it the individual responsibility O
those engaged in banking? In this hour O
strain emergency and panic. that would not b
worth more nor last longer than wisD Of stray
before the fires OF the prairie. 1t is the poten
tial voice OF the Government itself, pledgin
the honor and the resources Of fifty million in
habitants for tba safety, security and stabilit
OF its currency Of al kinds, which has giyel
value and circulation to every dollar ever pu she.
across the counter OF national bank Il Is til,
Government which the people ace and trust be
hind that counter. aud not the banker. cashier
teller or clerk. The Government guarantee,
the bonds on which the whole structure o
banking rests it guarantees every dollar o
bank notes and OF greenbacks handed to til,
banks 70 be put in circulation aud without iii
| colossal responsibility the currency OF the coun
try, Of every kind and description, would withel
and perish IN an hour.
Why then should we longer foster and endoy
| with hundreds and thousands Of millions sys
TEN which brings not one atom of strength OF
reliability to the money it puts in circulation
| which adds nothing OF value or character To tn.
currency OF the country; which deranges tn,
business Of all classes by contracting or ex
panding the amount OF money in circulation q
its own pleasure, and for its own interests
which holds the issue OF general bankruptcy il
| Its hands; which has not hestated to resort K
| the appliances OF panic and popular suffering
/ for its own selfish ends which defies the vii
Of the people, controls legislation, and appear
on the stage Of public AFFAIRS more like dctat
obedient creature Of law in republic Of libert,
and equality?
Sir it may be that il is not for us 10 accomplish
this great work OF financial reform now, bu,
the fate which the National Banking A-soci
alton has been SO long provoking is as certain &c
| oyertake 1t, in the near future, as that man i.
capable Of self-government. or this fact hay,
not doubt. The laboring masses are no,
patient IN any country, much less this, under
| the dominion OF an aristocracy based on idle
wealth, organized to reap golden haryests Of
interest, aud to pay no taxes
The old United States Bank fell because il re-
belled against the instincts u sels-sosernmen,
IN the hearts OF the American people, and it fcl
like Lncifer. never to hope again. Ii threat
ened a. the banks now threaten. it de
nonnced the representatives OF the
| people ~ they are now denounced
u played the Pnarisec and boasted
OF lts superior wisdom and virtue q its de.
scendents do now il sneered, and Knocked and
sconed at the brightest names in American
history. and at the constitution itself, but A.
aroused and enlightened public opinion at last
trampled It to the earth in ruins. And there i,
nothing more certain to my mind than that
sooner or later the people OF this country,
awake to their rights and tired Of imposition
will rise against the pretensions OF the present
system OF national banks. and, instead OF ex-
tending and perpetuating their corporate exist
enee, tear the charters to pieces. The Amori-
can people are slow to be moved to extreme
measures, even for their own safety, In, nv
belief IL that they will not much longer look
calmly on, while the creatures Of their bounty
and liberation obstruct beneficial legislation.
| dictste to Congress what laws NAV he enacted.
and to tue Executive when to interpose hs
| veto.
My reliance for the future liberties OF this
country Ii upon the thrifty, active, productiy.
business classes; upon those whose morning
i PRAYER IL, give us this day our daily bread