f 6 character of the Independent Treasury Bill. Not that they care for the interests of the country any more than do the democratic party. We have yet to learn that they love their country with a purer love than do the democrats. We are not prepared to believe their protestations of exclusive regard for equal rights, no more than we are prepared to give countenance to their plans forexclusive privileges. The truth is, that the new. Treasury Bill lays the axe to the Exclusive Privilege principle.. It is a mighty advance in democracy. Itgives the Few no hope that they can gam,advantage of the Many. Let no democrat give place—no, not for a moment—to the* whig version of what the Independent Treasury Bill is: let him read it for himself, and act accordingly. This, then, is the true “ Crisis of the Country.” If the democracy stand shoulder to shoulder at the coming presidential election, and with unbroken ranks, sustain the present Chief Magistrate, there is safety in the future. Let no whig say that if General H&rrison is elected, a return will not be made to a great chartered United States Bank. The exclusive privilege principle reigns supreme in the bosoms of Webster, Clay, Biddle and the like. And does any one suppose that their counsels will not prevail? In “ radical and irreconcilable hostility,” (to use the language of their great New York organ, ‘ The Log Cabin,’) the wbigs are arrayed against the democratic doctrine on which the new treasury law is founded. And, as the same paper says, “ it must be met and vanquished at the next presidential election.” And what says Mr. Clay ? Listen to him at a public dinner at Hanover, Va. on the 27th June last. “Candor and truth require me to say that, in my judgment, whilst banks continue to exist in the country, the services of a Bank of the United States cannot be safely dispensed with. I think that the power to establish such a bank is a settled question.” And on the 19th of February, 1838, he said: “ The true and only efficacious and permanent remedy, I solemnly believe, is to be found in a Bank of the United States.” I PART II. The Democratic Ideas of Credit. A pamphlet has recently been circulated to great extent by the federalists, entitled, ” The Crisis of the Country"—By Junius.” We have in vain looked through its pages for the polished stylej the cogent reasoning, the “invective unsparing and terrible” of the ancient Junius. We presume its author could not say in the language of his name-sake—“ I am far above all pecuniary views.” In fact, there is not much doubt but it is intended for a catch-penny. But as it has had an extensive circulation,'and been puffed to the skies as “ a most able, and searching review of the great currency and credit questions of the day,” (see “ The Log Cabin” of every week,) it may be well to examine very briefly one or two of its leading positions. On the very threshold—in its very first'sentence (!)—a most unblushing and absolute falsehood is assumed; on which false assumption is based all its argument, if such its balderdash may be termed. The very first words in the work are these— “ The Credit System and the No-credit System, meaning by this that the vital point at issue between the democratic party and the fede- rahstsis, whether there shall or shall not beany credit given between man and man. Here let us pause a little, and look at the audacity of this falsehood. Its meanness even outstrips its mendacity, for it does not dare to say in so many words that the democrats wish for the abolishing of the credit system. It only assumes, that such is the fact, and then goes on to reason accordingly. An insult indeed to the common sense of the American people! The Democratic Party are not opposed to the Credit System. Nie are ashamed, humiliated, mortified, that m this day of intelligence it becomes necessary in order to refute a coarse whig slander, to be obliged to say that democrats are not opposed to the credit system. It is a stupid and malignant slander that says they are. Those who seriously urge it, must know that it is utterly false. There is no alternative from this dilemma, for they cannot cover their shame by the plea of ignorance. Do they not know that the democrats have as much good sense, and as much honesty, to say the least, as they, the vaunting federalists have ? And have not the democrats some property, some pecuniary interests at stake, as well as the federalists? Have the democrats no houses, no farms, no cattle, no merchandise, no ships? If business is injured, are not the democratsinjured in common with the federalists ? And are the democrats such consummate blockheads as not to know, that in the total abandonment of the credit system, business would receive such a shock as would reduce the market value of all they own? The very charge thus unblushingly paraded on the threshold of the catchpenny pamphlet referred to, and reiterated
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