The Life And Public Services of Hon James Buchanan of Pennsylvania

Cover The Life And Public Services of Hon James Buchanan of Pennsylvania
The Life And Public Services of Hon James Buchanan of Pennsylvania
Edward Fitch Underhill
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A secret, but all-per- vading moneyed inliuence would sap the foundations of liberty, and render it an empty name.
'' The immense power of such an institution was mani- fested in the tremendous efforts which it made against General Jackson. Had he not enjoyed more personal INDEPENDENT TREASURY BILL. 3Y popularity in tins country than any man who ever lived, these efforts would have proved irresistible. As it was, the conjflict was of the most portentous character, and shook the Union to its cen
...tre. , Indeed, the Bank, at one time, would, in all human probability, have gained the victory, had the election of President chanced to occur at that period ; and we should then have witnessed the appallino; spectacle of the triumph of the Bank over the rights and liberties of the people. The Constitution of the country and the Democratic party would then have been prostrated together. " In the memorable Presidential canvass of 1840, one of the charges against the Democratic party, by which the people were induced to support the Whig nomina- tions, was the allegation that, in advocating the Inde- pendent Treasury system, the Democrats favored the re- duction of the wages of the laboring man to " ten cents a day.

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