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beet, protected by the constliutioual check Of | sh,. Senate which has now; been eyaded; by aaI,,tary legal barriers, N hich have been OveF- ! leaped' by that admirable temper and mOde- ration which had characterized Our former Presidents. and Om which my reIlance is greatly lessensd.

 This is the only quarter from which en-

 croachments, that might gradually undermine

 our liberties and subsert the principles of Re

 publican government. can be apPrehended.- And let it not be tOrg0tten that tlae danger ls never greater than when that high Mncilona- " Inappens to enjoy an excessive degree of nopularity: capable 0f inducing the people iO sustain al! bis pfeteasions, and that the at- tempt to establish fatal precedent IS never murs likely to succeed. than when the object of the attack happens to be an unpopular ln-

 stituti0n when those circumstances are combined, pablic attention is but too easily diverted from the true state of the nomen- t0us question at issue.

 Should the attempt now made he sanction ed by the People, the purse and the sword

 would be placed in the same hands, and the first visible effect. will be corrupt influence introduced int0 our Government. Six months have not elapsed since the executive transfer 0f the public moneys was made, and wpat IS

 already the result ill this city, alone

 | FGSUGCtHNte the purpose have a capital of six nlilli0ns ot dnilars. Their discounts, before they had the public depnsites, amounted to 9,&O0,OOQ doI- liars, and they made, one with another, an annual dividend of six and a half per cent. But with the aid of the public moneys they 1 are now able tO discount near 13,80O, 900 dol l lars more than formerly, giving an additional profit of four and a half per cent year on. their capital. Thus We have forty Bank Di- l gectOrS, endowed with the power Of distribu-

 ting faur millions and half in loans. beyond < the natural resources oftheir banks andtwo

 thousand stockholders whose income is at;

 once raised from l.2to II per cent This

 might not give much influence to the granter, if the boon was irevocahie. But on what tenure is it held ] It depends on the sole

 will 0f the Secretary, who has reserved the }: power to annIl the contract whenever he . pleases. and who for any such chahge is no ' longer bound to assign reasons. Or should , rather say. if depends on the all-contrOlling 3 sill of the President, since the Secretary 0i ]. the Treasury had ceased to he the officer oi , the law, and is a mere pupptt moved by the ]. chief magistrate, who remains himself legal F ly irresponsible tor acts, which according tC . Il law must be performed by the said Secreta. tIry, If this uncontrolled and irresponsible poMer to grant, and at will .o shift, favors tc : that extent, is not an improper, and prOspec : ti-ely at least, n corrupt and most dangerou. } species of influence, Ham at a loss to know : how ss0rse kind can be devised.

 ? The Democratic party was founded on ihe ! purest principles and. whilst aahering to and bound ay. these, it had right to require

 personal sacrifices from it's friends; pamely, that they shpnld yield their spini0ns to thosf Of the majority. on spniInpO noints. aa,i s affecting those prlnSipies or in the stIEeiiaa of cahdidatfs s0f eqnal qualification. ! But [ where the principle itselfis calied in qaes- j. fioa. must preserve my undergraduates Q! opinion, and. with regret, yet without hes- itations disse1t from those who, under the color of adherence tO the usages of party, ] may require sacrifice of all that is dear to

 US, and thereby subveFt the fundamental prin. Eciple of our institutiens. This. as I under . stand it, is, that the majority, not of any Iparty, bat of ihe people. must govern.

 canp0t subscribe to the test now imposed. of approving in, the mass. at all essnts, aud { whatever they may do. of our National and

 State Administrat tions, or of sanctioning even the most dangero,isl measnres, because they have oriainated with our Chief Magistrate. Loyalty to his King, is. indeed. the pretend 'l ed virtue If the subject Of n monarchy. To tl live under a government Of laws, and not of men, issthe boast ofthe citizens of our repub. lic. To you, my frientis and fellawscifizsaa. who know me. I need not ssy that am not tl one Of the rich; that | derlve my means of

 exlstsncs from the moderate prOfits 0f my

 |profsssional industry; that ! am. and cannot

 cease to be a democrat; that have lived a friend of liberty, and have once suffered for

 that cause. For my zeal in iss defence,

 became proscribsd exile iron, my native

 land. Here, in this asylum of ths oppressed,

 have now lived almost twenty y-nins years..- have, you we'll know, no other country. [

 am identified with its interests, it's prosperity,

 its glorious institutions. These cannot de.

 sert. On their preservation depends our happiness, and that of our posserity. They

 are the bOass, the model. and the hope, of the I

 iriends of liberty throughout the civilized 1

 world. adjure my fsIl0w-citixens not to |

 blast those hopes, and high deytinies to which

 thls natioD is called; t0 preserve those insti- | latiOns inviOIate, iO defend and protect them | against every attack and every attempted in-

 ifingsmsnt. from whatever source. or fra,n

 whOmsoever they may come to bring back f ths administration Of our Government tO it's | native purity, and to leave tu their children | entire, nDshacked, and unblemished. the sa- | cred inheritance, such as they received it from their fathers.

 The Anti Regency party in New York

 were sauguine of snccess at the election. - | Noah says, in his paper of Friday :---.. by ! the blessing If God, and in defence of ihe 1 Constitulion, we shall so rout the enemies |