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
"I verily believe a majority of the people of the United
States are now of the opinion that a national bank, properly
constituted, limited, and guarded, is both constitutional and
expedient, and ought now to be established. So far as I can
learn, three-fourths of the western people are for it. Their
representatives here can form a better judgment; but such is my
opinion upon the best information which I can obtain. The South
may be more divided, or may be against a national institution;
but, looking again to the centre, the North and the East, and
comprehending the whole in one view, I believe the prevalent
sentiment is such as I have stated.
"At the last session great pains were taken to obtain a vote of
this and the other House against a bank, for the obvious purpose
of placing such an institution out of the list of remedies, and
so reconciling the people to the sub-treasury scheme. Well, sir,
and did those votes produce any effect? None at all. The people
did not, and do not, care a rush for them. I never have seen,
or heard, a single man, who paid the slightest respect to those
votes of ours. The honorable member, to-day, opposed as he is
to a bank, has not even alluded to them. So entirely vain is
it, sir, in this country, to attempt to forestall, commit, or
coerce the public judgment. All those resolutions fell perfectly
dead on the tables of the two Houses. We may resolve what we
please, and resolve it when we please; but if the people do not
like it, at their own good pleasure they will rescind it; and
they are not likely to continue their approbation long to any
system of measures, however plausible, which terminates in deep
disappointment of all their hopes, for their own prosperity."
All the friends of the Bank of the United States came to her
assistance in this last trial. The two halls of Congress resounded
with her eulogium, and with condemnation of the measures of the
administration. It was a last effort to save her, and to force her
upon the federal government. Multitudes of speakers on one side
brought out numbers on the other--among those on the side of the
sub-treasury and hard money, and against the whole paper system, of
which he considered a national bank the citadel, was the writer of
this View, who undertook to collect into a speech, from history and
experience, the facts and reasons which would bear upon the contest,
and act upon the judgment of candid men, and show the country to be
independent of banks, if it would only will it. Some extracts from
that speech make the next chapter.
CHAPTER XXI.
RESUMPTION OF SPECIE PAYMENTS: HISTORICAL NOTICES: MR. BENTON'S
SPEECH: EXTRACTS.
Public-domain text, read in full here on John Shaqi.
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