Thirty Years' View (Vol. 2 of 2): or, A History of the Working of the American Government for Thirty Years, from 1820 to 1850Benton, Thomas Hart
History
Thirty Years' View (Vol. 2 of 2): or, A History of the Working of the American Government for Thirty Years, from 1820 to 1850
Benton, Thomas Hart
United States -- Politics and government -- 1815-1861
This is her line of conduct; and to this line, the conduct
of all her friends conforms. With one heart, one mind, one voice,
they labor to cut off gold and silver from the federal government,
and to impose paper upon it! they labor to deprive it of the keeping
of its own revenues, and to place them again where they have been so
often lost! This is the conduct of that bank and its friends. Let
us imitate their zeal, their unanimity, and their perseverance. The
amendment and the bill now before the Senate, embodies our policy.
Let us carry them, and the republic is safe.
The extra session had been called to relieve the distress of the
federal treasury, and had done so by authorizing an issue of
treasury notes. That object being accomplished, and the great
measures for the divorce of Bank and State, and for the sole use of
gold and silver in federal payments, having been recommended, and
commenced, the session adjourned.
CHAPTER XVI.
FIRST REGULAR SESSION UNDER MR. VAN BUREN'S ADMINISTRATION: HIS
MESSAGE.
A brief interval of two months only intervened between the
adjournment of the called session and the meeting of the regular
one; and the general state of the public affairs, both at home and
abroad, being essentially the same at both periods, left no new
or extraordinary measures for the President to recommend. With
foreign powers we were on good terms, the settlement of all our
long-standing complaints under General Jackson's administration
having left us free from the foreign controversies which gave
trouble; and on that head the message had little but what was
agreeable to communicate. Its topics were principally confined
to home affairs, and that part of these affairs which were
connected with the banks. That of the United States, as it still
called itself, gave a new species of disregard of moral and legal
obligation, and presented a new mode of depraving the currency
and endangering property and contracts, by continuing to issue
and to use the notes of the expired institution. Its currency was
still that of the defunct bank. It used the dead notes of that
institution, for which, of course, neither bank was liable. They
were called resurrection notes; and their use, besides the injury
to the currency and danger to property, was a high contempt and
defiance of the authority which had created it; and called for the
attention of the federal government. The President, therefore, thus
formally brought the procedure to the notice of Congress:
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