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
"As soon as I saw this state of things, I clearly perceived that a
very important question was presented for our determination, which
we were compelled to decide forthwith--shall we continue our joint
attack with the Nationals on those in power, in the new position
which they have been compelled to occupy? It was clear, with our
joint forces, we could utterly overthrow and demolish them; but it
was not less clear that the victory would enure, not to us, but
exclusively to the benefit of our allies and their cause. They were
the most numerous and powerful, and the point of assault on the
position which the party to be assaulted had taken in relation to
the banks, would have greatly strengthened the settled principles
and policy of the National party, and weakened, in the same degree,
ours. They are, and ever have been, the decided advocates of a
national bank; and are now in favor of one with a capital so ample
as to be sufficient to control the State institutions, and to
regulate the currency and exchanges of the country. To join them
with their avowed object in the attack to overthrow those in power,
on the ground they occupied against a bank, would, of course, not
only have placed the government and country in their hands without
opposition, but would have committed us, beyond the possibility of
extrication, for a bank; and absorbed our party in the ranks of
the National Republicans. The first fruits of the victory would
have been an overshadowing National Bank, with an immense capital,
not less than from fifty to a hundred millions; which would have
centralized the currency and exchanges, and with them the commerce
and capital of the country, in whatever section the head of the
institution might be placed. The next would be the indissoluble
union of the political opponents, whose principles and policy are so
opposite to ours, and so dangerous to our institutions, as well as
oppressive to us.
"I now ask, is there any thing in this extract which will warrant
the construction that the senator has attempted to force on it? Is
it not manifest that the expression on which he fixes, that the
victory would enure, not to us, but exclusively to the benefit of
the opposition, alludes not to power or place, but to principle
and policy? Can words be more plain? What then becomes of all the
aspersions of the senator, his reflections about selfishness and
the want of patriotism, and his allusions and illustrations to give
them force and effect? They fall to the ground without deserving a
notice, with his groundless accusation.
Public-domain text, read in full here on John Shaqi.
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