ELMINGTON, (VA.) AUG. 24, 1834.

The elections of members of the House of Representatives will take

place in New York, Pennsylvania, and Ohio, the principal States in

the Union, next October and November. Although the members then

returned will not take their seats until the session which begins

in December, 1835, yet great importance is attached to the results

of these elections, even in respect to the approaching session of

Congress. On both sides preparations are making with the greatest

activity; both parties have chosen their text. As the harangues against

an aristocracy of money have aroused the prejudices of the labouring

classes, who form the majority of electors, against the Bank, the

watchword of the Opposition is no longer ostensibly the Bank. But it

says to the electors, referring to the late acts of the President

directed against the Bank, and the doctrines which on this occasion

he has put forth in his messages; "The executive power is guilty of

gross usurpation; hasten to the rescue of the constitution from its

monstrous encroachments. It is no longer a question about the bank; but

our liberties, bought by the blood of our fathers, are at stake, and

an audacious soldier, surrounded by a train of servile place-men, has

dared to trifle with our dearest rights." This is certainly the best

ground for the Opposition to take; for General Jackson, in the affair

of the Bank, as in most other circumstances of his life, has cared

little for forms. He has gone straight forward to his object, without

stopping to consider where he was placing his foot.

The Administration party, which well knows how unpopular the Bank

is with the multitude, since this unpopularity is chiefly its own

work, talks Bank and nothing but Bank. "The Opposition," they say,

"is mocking you, when it calls upon you to save the Constitution and

the laws. What do they care for the Constitution and the laws? It is

the Bank that they wish to save. Down with the Bank! General Jackson,

_the Hero of two Wars_, who pushed back the English bayonets from the

Union at the peril of his life, wishes to free the soil of the country

from this prop of tyranny and corruption. The Bank is nothing but

English influence which seeks to enslave you. It is now to be seen,

whether you will be freemen or worshippers of the Golden Calf. In

spite of the hypocritical protestations of the parasites of the Bank,

remember, at the polls, that the question, the only question, the whole

question, is Bank or no Bank." At bottom, what the Administration party

says, is true; the Opposition do not give up the cause of the Bank.

The question, which is at issue, and which is to be settled by the

elections, is, in fact, the question of the Bank.

But whose fault is it, if the Opposition has a rightful cause to call

the citizens to the defence of the Constitution? Besides, the leaders

of the Democratic party felt that their policy, which consisted in

setting up the local banks in opposition to to the National Bank, would

necessarily fail, and that the financial and commercial interests of

the country, comprising the local banks themselves, must, in the long

run, rally round the Bank of the United States. The abuse which they

had heaped upon the latter, would, therefore, fall directly upon the

local banks. It was impossible that the democratic multitude, which

had much more just grounds of complaint against the local banks, than

against the Bank of the United States, by which nobody had ever lost a

dollar, should not perceive this. Accordingly, after having hesitated

a long time, the heads of the party seem ready to take the bold stand

of openly denouncing all banks. Bank-bills, they say, are nothing but

wretched rag-money; the eulogies of the metals, gold and silver, are

now become the order of the day. Gold is called _Jackson money_; the

United States mint has been actively employed in striking gold coins,

half-eagles and quarter-eagles. The principal journals of the Jackson

party pay the daily wages of their journeymen printers in gold; the

warm friends of the Administration affect to carry gold pieces in

their pockets, and as paper only is generally used here in business

transactions, even of the most trifling amount, you may be certain

that a man who is seen with gold in his hands, is a Jackson-man. The

President lately made a visit to his seat in Tennessee, and paid his

expenses all along the road in gold, and the Globe, his official organ,

took care to inform the public of it. At a dinner, given in honour of

him, by the citizens of Nashville, he proposed this toast: "_Gold and

silver, the only currency recognised by the constitution!_"

This apotheosis of gold and silver, abstractly considered, is all

very well; hitherto the metals have made too small a proportion of

the currency of the United States; gold, particularly, was never

met with. At its last session Congress removed one of the obstacles

to gold remaining in the country and taking the place of small bank

notes, by raising its legal value. How far this act will effect its

object of keeping a certain quantity of gold in the country, I know

not; but I am persuaded, that the only prompt and effectual means of

sweeping away the small bills, will be a National Bank. The prudent and

experienced men of the party will certainly resist a formal declaration

of war against all banks; but it is hardly to be avoided, that in the

democratic party, the most rash and the most violent should give the

law to the men of moderation and experience. In this event, Mr Van

Buren will have need of all his address to preserve discipline in the

ranks. He is too well acquainted with the commercial situation of the

United States, to allow himself to dwell one moment on such a project

as the destruction of the banks. His creed is the overthrow of the Bank

of the United States, not because it is a bank, but because, in his

view, its existence is contrary to the constitution.

The tactics of the Opposition have already given it success in some

partial and unimportant elections, but even if they should have the

majority in the next Congress, it would be but an incomplete victory,

for the Bank would not be preserved. Many persons who have joined the

Opposition because its watchword was the Constitution and the laws,

would have kept aloof, had they seen the name of the Bank joined with

them, so rooted is the jealousy of this useful institution. Admitting,

then, that the Opposition triumphs in the coming elections, it will be

necessary to set some new springs in motion in order to save the Bank.

It is easy to refer at present to one on which the friends of the Bank

will not fail to rely.

The Union, homogeneous as it is in regard to language and general

character, is subdivided, as I have already said, into three groups,

daily becoming more and more strongly marked. North of the Potomac, the

States are poor in soil, but enriched by commerce[AI] and manufactures;

there are the great commercial towns, Boston, New York, Philadelphia,

and Baltimore, and the secondary ports of Salem, Portland, New Bedford,

Nantucket, and Providence; there, also, are almost all the manufactures

of the Union. These States do not admit slavery, with the exception

of Maryland, where the slaves are on the decrease, and the Lilliputian

State of Delaware, where slavery has, in fact, almost disappeared.

South of the Potomac, between the Atlantic and the Mississippi, are the

slave-holding States, wholly agricultural, and the only part of the

country in which cultivation is conducted on a great scale, producing

cotton, rice, sugar, and tobacco, without mechanical industry, and

having but little commerce, except the coasting trade, the foreign

trade being in the hands of the North. In the West, reaching from the

great lakes southwards, and lying on the Ohio and the Mississippi, is

a tract of the highest fertility, in which, since the peace of 1783,

have grown up the new States of Ohio, Indiana, and Illinois, besides

Michigan, which is now on the point of becoming a State. These are also

agricultural States, producing corn and cattle of all kinds, yielding

whiskey and salted provisions, cultivated by free hands, and in which

property is so far subdivided, that each family has its own farm.

Of these three groups, the North is most interested in the existence of

a Central Bank; it is there, also, that the financial machinery of the

Union is most thoroughly understood, and it is most fully perceived,

that such a Bank is one of its most indispensable wheels. But the North

alone, even with the support of some commercial towns in the South and

West, such as New Orleans and Cincinnati, does not make up a majority,

and in the North itself, in the rural districts back of New York and

Philadelphia, a jealousy of the commerce of the cities prevails,

which is worse than injustice, for it is ingratitude, and which

displays itself by a blind hostility to the Bank. In a word, although

the question of a National Bank is considered almost a question of

existence by the great commercial capitals of the North, without whose

enterprise that region would be still little better than a wilderness,

yet the North is far from being unanimous in favour of such an

institution, and were it so, would not alone be able to save it. The

North, then, must seek allies in the South or the West; there are some

symptoms of the increase of the Opposition in the West, but this is

only because the question of the Bank has been temporarily left out of

view. The West does not favour the Bank nor the banks. The hatred of

these eminently democratic States to the banking system is formally

proclaimed in the constitutions of Indiana and Illinois, by which banks

are expressly prohibited, unless the State think proper to establish

one itself, with its own funds; a measure which each has already made

preparations to adopt. It is to the South, then, that the North must

look for help.

The inhabitants of the South and the North are very different from

each other in many points (See _Letter X._), and in a certain degree

there are the same analogies and the same contrasts between the North

and the South, as between England and France.[AJ] The South, like,

France, is most distinguished for the brilliant qualities; the North,

like England, for the solid; great ideas have their origin rather

in the South; good execution belongs rather to the North. The North

is gifted with the English perseverance, at once the pledge and the

condition of success; the South, like us, is easily moved, but easily

discouraged; all ardour at the outset, but disconcerted by a check from

any unforeseen obstacle. It was a matter of general surprise through

the Union last year, that the South Carolinians had completed, and

completed in a good style of execution, a railroad from Charleston to

Augusta; the distance is equal to that from Havre to Paris. From the

intermixture of northern with southern men in Congress, we find in that

body a spirit of calculation and a practical good sense combined with

a lively imagination and large views; the well balanced combination

of these opposite qualities explains the union of boldness and wisdom

which generally characterises the acts of that body. Until recently,

when the West has suddenly loomed up, and taken its stand by the

side of these two rivals, the domestic politics of the United States

have consisted in maintaining the balance between the North and the

South.[AK]

There are important differences in the political views of the North

and the South. The North has more respect for the Federal bond, and

is disposed to tighten rather than to relax it. The South has the

opposite tendency. The South is opposed to the tariff, to the system

of internal improvements by the Federal government, to whatever tends

to enlarge the influence of the Federal authority. "The lighter is

the Federal yoke," says the South, "the more easily it will be borne,

the less cause there will be to fear, that any of the members of the

confederation will be tempted to shake it off." "By relaxing too much

the Federal bond," says the North, "you destroy it. If you go on

thus, even for a short time, the Union will be dissolved indeed, and

will exist only in name; the slightest accident will then be enough to

abolish even the name." In all these quarrels, however, even in that of

Nullification, when a part of the South threatened to break the Federal

compact, they have hitherto come to an understanding. Concessions have

been made by both sides, but more often by the North than by the South,

and as they have so long continued to preserve a Union, there is room

to hope, that they will still be able to live together for a long time

to come.

The general leaning of the South to an interpretation of the

constitution most favourable to the sovereignty of the States, has

led many of the southern politicians to maintain the doctrine of the

unconstitutionality of the Bank; although in opposition to a formal

decision of the Supreme Court of the United States, the chief-justice

of which, Judge Marshall, is more revered throughout the Union, than

any other southern man, and even more so in the South than elsewhere.

The Constitution, say the States' rights puritans, does not give

Congress power to establish a Bank of the United States. On the other

side, if they are ticklish as to what they call the encroachments of

one branch of the national government, the Congress, they are not less

so as to those of which the Opposition accuses another branch, that

is, the President. Thus at the same moment that they combat the Bank,

they combat the President also, on account of his measures against

the Bank. This third party is numerous in Virginia. Now allowing

the conclusions of the States' right party relative to the Bank to

be founded on a strict interpretation of the law, they are none the

less inadmissible in practice. And as it is impossible in the United

States to give currency to the maxim, _push the colonies rather than

principle_, the North entertains the hope that the States' rights

party, after the example of some of its leaders, such as Mr Calhoun

and Mr McDuffie, will relax a little of the rigour of their theories.

The Administration, on the other hand, is doing its utmost to preserve

the theoretical notions of Virginia on the Bank question in all

their original purity on their native soil, and Mr Van Buren, who is

far-sighted, lately sent the following toast to a 4th of July dinner in

that State: "_Unqualified war on the Bank of the United States_."

The North, fortunately for itself, has a means of acting upon the

South, by slavery. This requires some explanation. At the time of the

declaration of Independence (1776), slavery existed in all the States.

During the war of the Revolution, Pennsylvania, in 1780, adopted a

plan which soon exterminated it within her limits; Massachusetts, in

1781, proclaimed slavery to be incompatible with the laws already

existing; the other States of New England, and finally New York, and

the other States north of the Potomac, with the exception of Delaware

and Maryland, adopted measures similar to those of Pennsylvania.[AL]

This was an easy matter for these States, their slaves not forming more

than one twentieth or one fifteenth of the whole population. But it was

a very different affair in the South, where the proportion of slaves

was six or seven times greater, and where all the rural labour and

menial services were performed by slaves; the institution of slavery

was, therefore, permitted to stand, in the South. The acquisition of

Louisiana and Florida has enlarged the number of slave States, and

by an oversight, which will one day be bitterly rued, slavery has

been authorised in some of the new States, such as Missouri, where

it would be easy to do without the blacks.[AM] In 1790, there were

660,000 slaves[AN] distributed in six States, one Territory, and the

Federal District; in 1830 there were 2,000,000, in twelve States, two

Territories, and the Federal District. The white population of the

slave section, in 1790, was 1,250,000, or as 190 to 100; in 1830, it

was 3,760,000, or as 186 to 100. The proportional increase of the slave

population would appear still greater if we added the free blacks, and

struck out the States of Delaware and Maryland. In 1830, the number of

slaves in Louisiana and South Carolina was greater than that of the

whites.

In our days, slavery is a scourge to all the countries in which it

exists; of this the people of the United States, in the South as

well as in the North, are convinced; but how to put an end to it?

The bloody experiment of St. Domingo and its fatal consequences to

the majority of the blacks themselves, offer no encouragement to

immediate emancipation. The great experiment just making by the English

government in its colonies,[AO] is not yet advanced enough to afford

any light. Besides, the English colonies contain only about one third

of the number of slaves now in the United States. And supposing the

slaves once emancipated, what shall be done with them? This question

is the most embarrassing of all, to one who is acquainted with the

wretched condition of the free blacks in the United States. (See _Note

16_.) On the other hand, the difficulties increase with the progress of

time, and the Southern States are, or think they are, obliged to adopt

measures in regard to the black population, which may be defended by

the plea of necessity, but which are nevertheless excessively harsh.[AP]

In spite of all the precautions against an insurrection of the blacks,

the solicitude of the Southern States continually increases; from the

first of this month the blacks in the English West Indies, which are

within three days' sail of the United States, are partially free.

Between those islands and the southern and northern ports, there

is an active commerce, and the communication is frequent. Finally,

religious proselytism, which has carried the measure of emancipation

in England, has its organs in the United States. There are not wanting

philanthropists in Boston, Philadelphia, and Ohio, who are always ready

to facilitate the escape of runaway slaves. Last winter, while I was

at Richmond, 40 or 50 slaves disappeared, and there is no doubt that

the fanatics of Philadelphia or New England furnished them the means

of flight. The question of slavery, then, is, of all others, the most

deeply interesting and alarming to the Southern States. Whenever it

has been raised, even indirectly and secondarily, they have vehemently

remonstrated; the moment it is touched, their voice is heard; this is

their weak side; here the North has a hold upon them.

In regard to slavery, the Northern States have never departed from the

policy of concession. This conduct of the North may even appear like

culpable connivance, to Europeans not aware that the most precious

treasure of North America, that is to say, the Union, has been at

stake. The Northern States have written in their laws all that the

South has demanded; they have granted to the southern master the

right to claim his runaway slave before their own courts, so that the

republican soil of the North does not enjoy the privilege which belongs

to some of the monarchical countries of Europe, that of giving liberty

to whoever sets his foot upon it. The North has permitted slavery to be

maintained in the Federal District, in Washington, at the foot of the

Capitol steps. The North, seeing the South in a flame on the Missouri

question, stifled its just repugnance to her admission. The North,

which has an interest in the recognition of Hayti, has yielded that

point, because the South declares that it would be an encouragement to

the slaves to revolt. Thus to maintain harmony in the Union, the North

has pushed its concessions even to silencing its religious feelings,

its principles of liberty, its commercial interests. As the Union

promotes the good of all, all ought to be ready to make sacrifices to

preserve it, and it would be just, that the South should renounce its

theories about the constitutionality of a National Bank, theories which

are belied by long practice, and which have been formally condemned by

judges, of whom the South itself is proud.

Some months ago the public clamour imposed silence on the Abolition

Societies in the North, whose object is the abolition of slavery in the

South. The newspapers contain details of the devastation and pillage

committed by a handful of people on the poor, inoffensive blacks,

during three consecutive nights of July, in New York, and during the

same number in Philadelphia, about a week ago. Far be it from me to

accuse the Opposition, which has the majority in these two cities, of

having been an accomplice of these wretches! Yet I believe I state a

fact when I say, that those terrible riots, in which houses, schools,

and churches were plundered and pulled down every evening by the dozen,

and in which peaceable persons of colour were robbed and personally

abused, would have been more promptly repressed, had not the North,

above all things else, been eager to punish the Abolitionists, and

to show to the South that it had nothing in common with them. The

North, in a word, has given and continues to give to the South every

conceivable guarantee on the subject of slavery. The South, which may

one day need, not merely the passive forbearance, but the active aid of

the North against insurrection, should consider if the North exacts too

much in return, in asking toleration for an institution indispensable

to the North, and from which the South itself has received nothing but

favours.

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