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
Politicians alone have taken up this matter and have proposed, for
the first time since the foundation of the government--for the first
time in 48 years--to compel the government to receive paper money
for its dues. The pretext is, to aid the banks in resuming! This,
indeed, is a marvellous pretty conception! Aid the banks to resume!
Why, sir, we cannot prevent them from resuming. Every solvent,
commercial bank in the United States either has resumed, or has
declared its determination to do so in the course of the year. The
insolvent, and the political banks, which did not mean to resume,
will have to follow the New York example, or die! Mr. Biddle's bank
must follow the New York lead, or die! The good banks are with the
country: the rest we defy. The political banks may resume or not,
as they please, or as they dare. If they do not, they die! Public
opinion, and the laws of the land, will exterminate them. If the
president of the miscalled Bank of the United States has made a
mistake in recommending indefinite non-resumption, and in proposing
to establish a confederation of broken banks, and has found out his
mistake, and wants a pretext for retreating, let him invent one.
There is no difficulty in the case. Any thing that the government
does, or does not--any thing that has happened, will happen, or can
happen--will answer the purpose. Let the president of the Bank of
the United States give out a tune: incontinently it will be sung by
every bank man in the United States; and no matter how ridiculous
the ditty may be, it will be celebrated as superhuman music.
Public-domain text, read in full here on John Shaqi.
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