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
But, gentlemen of the opposition say, there can be no resumption
until Congress "_acts upon the currency_." Until Congress acts upon
the currency! that is the phrase! and it comes from Philadelphia;
and the translation of it is, that there shall be no resumption
until Congress submits to Mr. Biddle's bank, and recharters that
institution. This is the language from Philadelphia, and the meaning
of the language; but, happily, a different voice issues from the
city of New York! The authentic notification is issued from the
banks of that city, pledging themselves to resume by the 10th day
of May. They declare their ability to resume, and to continue
specie payments; and declare they have nothing to fear, except from
"_deliberate hostility_"--an hostility for which they allege there
can be no motive--but of which they delicately intimate there is
danger. Philadelphia is distinctly unveiled as the seat of this
danger. The resuming banks fear hostility--deliberate acts of
hostility--from that quarter. They fear nothing from the hostility,
or folly, or wickedness of this administration. They fear nothing
from the Sub-Treasury bill. They fear Mr. Biddle's bank, and nothing
else but his bank, with its confederates and subalterns. They mean
to resume, and Mr. Biddle means that they shall not. Henceforth two
flags will be seen, hoisted from two great cities. The New York flag
will have the word resumption inscribed upon it; the Philadelphia
flag will bear the inscription of non-resumption, and destruction to
all resuming banks.
Public-domain text, read in full here on John Shaqi.
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