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
"We have reached a new era with regard to these institutions.
He who would judge of the future by the past, in reference
to them, will be wholly mistaken. The year 1833 marks the
commencement of this era. That extraordinary man who had the
power of imprinting his own feelings on the community, then
commenced his hostile attacks, which have left such effects
behind, that the war then commenced against the banks, I clearly
see, will not terminate, unless there be a separation between
them and the government,--until one or the other triumphs--till
the government becomes the bank, or the bank the government. In
resisting their union, I act as the friend of both. I have, as
I have said, no unkind feeling toward the banks. I am neither
a bank man, nor an anti-bank man. I have had little connection
with them. Many of my best friends, for whom I have the highest
esteem, have a deep interest in their prosperity, and, as far
as friendship or personal attachment extends, my inclination
would be strongly in their favor. But I stand up here as the
representative of no particular interest. I look to the whole,
and to the future, as well as the present; and I shall steadily
pursue that course which, under the most enlarged view, I
believe to be my duty. In 1834 I saw the present crisis. I
in vain raised a warning voice, and endeavored to avert it.
I now see, with equal certainty, one far more portentous. If
this struggle is to go on--if the banks will insist upon a
reunion with the government, against the sense of a large and
influential portion of the community--and, above all, if they
should succeed in effecting it--a reflux flood will inevitably
sweep away the whole system. A deep popular excitement is never
without some reason, and ought ever to be treated with respect;
and it is the part of wisdom to look timely into the cause, and
correct it before the excitement shall become so great as to
demolish the object, with all its good and evil, against which
it is directed."
Mr. Rives treated the divorce of bank and State as the divorce of
the government from the people, and said:
Public-domain text, read in full here on John Shaqi.
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