ment and security; but, above all, security. To
that very end, with that precise object in view, power was given to
Congress over the currency, and over the money system of the country. In
forty years' experience, we have found nothing at all adequate to the
beneficial execution of this trust but a well-conducted national bank.
That has been tried, returned to, tried again, and always found
successful. If it be not the proper thing for us, let it be soberly
argued against; let something better be proposed; let the country
examine the matter coolly, and decide for itself. But whoever shall
attempt to carry a question of this kind by clamor, and violence, and
prejudice; whoever would rouse the people by appeals, false and
fraudulent appeals, to their love of independence, to resist the
establishment of a useful institution, because it is a bank, and deals
in money, and who artfully urges these appeals wherever he thinks there
is more of honest feeling than of enlightened judgment,--means nothing
but deception. And whoever has the wickedness to conceive, and the
hardihood to avow, a purpose to break down what has been found, in forty
years' experience, essential to the protection of all interests, by
arraying one class against another, and by acting on such a principle as
_that the poor always hate the rich_, shows himself the reckless enemy
of all. An enemy to his whole country, to all classes, and to every man
in it, he deserves to be marked especially _as the poor man's curse_!
A REDEEMABLE PAPER CURRENCY.
FROM A SPEECH DELIVERED IN THE SENATE OF THE UNITED STATES, ON THE 22D
OF FEBRUARY, 1834.
Mr. President,--The honorable member from Georgia stated yesterday, more
distinctly than I have before learned it, what that experiment is which
the government is now trying on the revenues and the currency, and, I
may add, on the commerce, manufactures, and agriculture of this country.
If I rightly apprehend him, this experiment is an attempt to return to
an exclusive specie currency, first, by employing the State banks as a
substitute for the Bank of the United States; and then by dispensing
with the use of the State banks themselves.
This, Sir, is the experiment. I thank the gentleman for thus stating its
character. He has done his duty, and dealt fairly with the people, by
this exhibition of what the views of the executive government are, at
this interesting moment. It is certainly most proper that the people
|