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Editorial December 12, 1832

The Massachusetts Spy

Worcester, Worcester County, Massachusetts

What is this article about?

Post-election editorial expresses concern over economic uncertainty from the administration's plans to end the United States Bank and reduce tariffs to counter nullification, predicting severe impacts on middle classes and laborers who voted for it.

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95% Excellent

Full Text

I would be sorry to be in the slightest degree instrumental in increasing alarm and distrust. But can we safely consider any policy settled, but to keep all policy unsettled and in darkness? We may, it is true, consider the days of the United States Bank as numbered. But we are regularly promised something, no one knows what, to succeed it. it is no longer disguised that the administration intend an attack upon the Tariff, as soon as Congress shall meet, and that an effort will be made to take away all pretext for nullification by reducing the revenue to the actual wants of the government. But whether the duties which are to remain, will be levied with a view to protection and revenue, or to revenue alone, is uncertain. Perhaps all this may not happen, but while efforts are making to accomplish it, all is uncertainty and doubt, our estates, our homes, our wives and children, are in jeopardy. And on whom is the evil of the crisis to fall most heavily? If evil come, will it not come first, come heaviest, on those very classes whose prejudices and jealousies have been aroused, and by whose votes the election has been turned? When the United States Bank winds up its concerns, will not the middling classes, who are money borrowers, be compelled to meet a reduction of prices in their property and sacrifices, which will throw them into the ranks of the poor and destitute; and will not their property go to make the "rich richer and the potent more powerful?" And will not the laborer whose employer is ruined seek in vain for employment? If so, then will many who have contributed to the continuance of the administration, not only know but feel that they have been betrayed into a mistaken view of their own interest.

Election is over, and lamentation is vain.—But we may at last study our condition—we may watch the signs of the times, and by a prudent forecast do what we can to avert the evils, which seem to threaten. We may do our duty and look to God to control events.

What sub-type of article is it?

Economic Policy Partisan Politics

What keywords are associated?

United States Bank Tariff Reduction Nullification Economic Uncertainty Election Aftermath Middling Classes Laborers

What entities or persons were involved?

United States Bank Administration Congress

Editorial Details

Primary Topic

Economic Uncertainty From Administration's Bank And Tariff Policies Post Election

Stance / Tone

Cautionary Warning Of Betrayal And Hardship

Key Figures

United States Bank Administration Congress

Key Arguments

Policy Remains Unsettled, Causing Alarm And Doubt Administration Plans To End U.S. Bank And Replace With Unknown Entity Intended Attack On Tariff To Reduce Revenue And Counter Nullification Uncertainty On Whether Remaining Duties Protect Or Just Generate Revenue Economic Crisis Will Hit Middle Classes And Laborers Hardest Voters For Administration May Feel Betrayed As Their Interests Suffer Call To Study Conditions And Avert Evils Through Prudence And Faith

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