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Editorial
February 20, 1838
The New Hampshire Gazette
Portsmouth, Rockingham County, New Hampshire
What is this article about?
1838 Portsmouth editorial quotes London Bankers' Circular on banks' aristocratic influence, citing the late U.S. Bank, and Federal Papers warning that a new national bank will be established via money-bought votes despite opposition.
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OCR Quality
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Full Text
PORTSMOUTH:
TUESDAY MORNING, FEB. 20, 1838.
Ex. from the Lon. Bankers' Circular of Jan. 27
"FROM ITS NATURE, THE INFLUENCE OF A
BANK MUST BE ALLIED TO THE ARISTOCRACY
of Wealth, And not To the DEMOCRACY OF NUMBERS;
AND THIS IS MORE ESPECIALLY THE CASE WITH GREAT CHARTERED
BANKS HAVING IMMENSE POWER. The Late Bank of the United States
WAS ONE OF THIS DESCRIPTION, AND ITS POLITICAL INFLUENCE WAS PRODIGIOUS."
Extracts from Federal Papers.
"The time for reasoning has gone by," "and it
is not by arguments but by sufferings, that convic-
tion will be forced on the minds of the people!"—
National Gazette.
"A NATIONAL BANK WILL BE ESTABLISHED
IN DESPITE OF ALL THE OPPOSITION THAT
CAN BE ARRAYED and he who may hope for a
different result will be disappointed! If the ap-
peals that may be made to the virtue, the moral-
ity and the intelligence of the people cannot pre-
vail, MONEY CAN BE USED AND THAT WILL
OBTAIN VOTES IN FAVOR where all other arts
and appliances are found abortive." If you can-
not get the votes of the people by persuasion,"
said a distinguished politician on a memorable oc-
casion, GET THE MONEY BAGS AND PUR-
CHASE THEM." THE MODE WILL BE AP-
PLIED TO THE PLAN OF CHARTERING A UNI-
TED STATES BANK."—Correspondent of Bick-
nell's Reporter.
TUESDAY MORNING, FEB. 20, 1838.
Ex. from the Lon. Bankers' Circular of Jan. 27
"FROM ITS NATURE, THE INFLUENCE OF A
BANK MUST BE ALLIED TO THE ARISTOCRACY
of Wealth, And not To the DEMOCRACY OF NUMBERS;
AND THIS IS MORE ESPECIALLY THE CASE WITH GREAT CHARTERED
BANKS HAVING IMMENSE POWER. The Late Bank of the United States
WAS ONE OF THIS DESCRIPTION, AND ITS POLITICAL INFLUENCE WAS PRODIGIOUS."
Extracts from Federal Papers.
"The time for reasoning has gone by," "and it
is not by arguments but by sufferings, that convic-
tion will be forced on the minds of the people!"—
National Gazette.
"A NATIONAL BANK WILL BE ESTABLISHED
IN DESPITE OF ALL THE OPPOSITION THAT
CAN BE ARRAYED and he who may hope for a
different result will be disappointed! If the ap-
peals that may be made to the virtue, the moral-
ity and the intelligence of the people cannot pre-
vail, MONEY CAN BE USED AND THAT WILL
OBTAIN VOTES IN FAVOR where all other arts
and appliances are found abortive." If you can-
not get the votes of the people by persuasion,"
said a distinguished politician on a memorable oc-
casion, GET THE MONEY BAGS AND PUR-
CHASE THEM." THE MODE WILL BE AP-
PLIED TO THE PLAN OF CHARTERING A UNI-
TED STATES BANK."—Correspondent of Bick-
nell's Reporter.
What sub-type of article is it?
Economic Policy
Partisan Politics
What keywords are associated?
National Bank
Political Influence
Banking Power
Vote Buying
Federal Papers
What entities or persons were involved?
Bank Of The United States
Federal Papers
National Gazette
Bicknell's Reporter
Editorial Details
Primary Topic
Opposition To National Bank Chartering
Stance / Tone
Anti Bank Corruption Warning
Key Figures
Bank Of The United States
Federal Papers
National Gazette
Bicknell's Reporter
Key Arguments
Banks Inherently Allied To Aristocracy Of Wealth Over Democracy
Late U.S. Bank Wielded Prodigious Political Influence
Reasoning Ineffective; Conviction Comes Through Sufferings
National Bank Will Be Established Despite Opposition
Money Used To Purchase Votes If Persuasion Fails