Seven Decades of the Union the Humanities And Materialism Illustrated By a Mem
Seven Decades of the Union the Humanities And Materialism Illustrated By a Mem
Henry a Henry Alexander Wise
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Maintaining the legal money-standard by the use of either coin only, or of paper always equivalent to coin. 12th. Being always within the control of Congress to repeal or amend it at pleasure. This plan of a fiscal system is the very foundation of the present prevailing system, without which the United States could not have been carried through its late civil war. Derided and denounced by the Congress of 1841-42, it was laid on the table, and was not allowed a consideration until its necessity ...and expediency were developed by the extreme exigencies of the Union. The reasons were obvious at the time, and too plain to be misunderstood. One branch of the AVhigs were determined to have a national bank or nothing; the other branch had obtained 206 SEVEN DECADES OF THE UNION. the veto, and desired to subject the President to the odium of deranging the currency and embarrassing the treasury ; and the opponents of the Whigs, the spoils partisans of Mr. Yan Buren, sought vengeance, and promoted the confusion of the party which had broken them down.
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