Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1895-04-20
A DEMOCRAT OF OLD.

past and comparing them To men of
the present. Among these articles enc
has appeared with Andrew jackson as
its subject. The World says:
jackson and Benton, who was then
his great friend, had more or less Of
aversion to "monopolistic paper mon
cyan aversion which aiterward de-
veloPed in Benton until il gave him
his title OF "Old Bullion" In addi-
tion to this they knew that the United
States Bank was controlled by feder-
alists, and that it was being used as a
means OF perpetuating federalists
views. This was at time when Dem.
ocrats - especially Andrew jackson
Democrats-were looked on by ieder-
aiists as dangerous wild animals. And
il is not surprising that financiers SO
highly respectable and aristocratic as
Nicholas Biddle of the Biddles Of
Philadelphia, president of the Bank,
should have considered it his patri
otto duty TO oppose new party which
threatened the stability OF American
institutions and OF business as repre-
scented by the Biddle bank.
Having become convinced on his
side that the Biddle bank, AS il was
called for the sake OF opprobious terse
mesa, was danger TO the country, a
corrupt and corrupting agency in pol
itics, and monopoly arrogating TO il.
self the control OF the currency, jack
son was not deferred from his opposi-
ton 10 1t by the fact that except for
Benton and few other Democrats OF
that stamp he was almost alone.
"His first three messages TO Con-
gress served only TO show the strength
Of the banks influence. Both houses
were against the President and for the
bank. After his second message bank
stock rose. After the third the bank
and Henry Clay, who was its cham
pion, determined TO force issues with
jackson and drive him out Of politics
by carrying the democratic stronghold
OF Penpsylvania against him.
"As means OF doing this the ma,
tional Wing convention, which nomi-
mated Clay, denounced Jackson's pol
icy roundly and declared his defeat
was necessary for the preservation Of
the bank and for the maintenance oi
business stability. Clay took up the
campaign cry and forced the fighting
on jackson, who, instead OF retreating
came more than half way TO NEE,
them with his bank veto of July, 1882,
in which he denounced foreign CON
troll of American financiers and ar.
raigned those who would give special
privileges to the few by monopoly
control of money. To the immense
surprise OF all the financiers Of New
York, Boston and Philadelphia, and
10 the disgust OF their political friends.
everything that was said against Jack
SON az wild Tennesseean. danger,
Gus mailman, an enemy Of sound bust.
ness and sound money, gave him votes
even in New York and Pennsylvania
and he was triumphantly re elected
by an electoral vote OF 219 to 10.
"When he attempted to reform III,
bank after his reelection he found
himself once more almost alone. The
business community OF New York and
other large cities threatened loudly Il
have panic that would ruin his al
ministration If he made move agains
the bank. Congress was intimidated
and so was his cabinet. Not only die
q majority of his cabinet, including
Duane, his Secretary of the Treasury
90 over ID the side OF the bank, but
worst OF NIL, his faithful kitchen cab
met desc rted him in body and line,
themselves up with those who wer,
urging him 10 let the bank alone.
jackson was now thoroughly con
WINGED, however, that the hank haG
impaired its capital by the corrupt us
of money in politics. Believing tina
the government money-some $40.
OOO, 000--on deposit in the bank, wa
being corruptly used in politics AM
speculation, he defed the bank and al
other hanks, turned his back to hi
regular cabinet, his kitchen cabinet
remove Duane and withdrew the de
posits.
THAT was the kind OF Democra
Andrew jackson was when he believe,
the liberties OF his people were beinl
endangered by monopoly privilege
IL makes no difference to the poin
whether he was right or wrong in hi
judgment of expediency. He was nj
ways against special privilege when
he saw that 1t antagnized general right
and that Ia the kind of Democrats tn,
country needs in this day and sener
alton. Would TO God we today har
such . man in the Presidential chair
-------s--
Bilious Collie.