"vvw V,
i.
l
five hundred thousand dollars.
I T E‘,
A good Arri:rr2g::t:tcr.£.--\'.'e tire happy to
have it in ourpower to announce, that the banal
Commissioners, who are now in illlis citty, llaV(:.
sold to our principal City B_anl.s, tie tontts 0
the state for the loans auiliorized to be raised for
the completion of the Clienaiigq, and the
struettort ofthe Black River and (Jt‘llCsS(‘e .
ley Canals-—amount'ing in all, to three -mtllton
The State Bonds will immcdiati-ly be sent to,
England and sold. and of course. "U" l’3“l‘S “ill adtninistration have it not in contemplation it:
As tio part of the '; venture upona new and liazardous ‘_ct_tpertmciit.
in efiiirts to extricate itself from existing etnbar-
I . ‘ W
rassments, by picking a quarrel with I‘.ll£_1laflfl—
at once draw against thetn.
money is itnmediatelv required by the stalc, .
most of it will not he required Sm‘ sonic yt-ats. it .
follows of course.,tl1attliis ttrraiigenicuri is ctpitva- I
lent to a loan to ottr baqks Ol‘wllle.(-f(:tlll ol (lit. I
F. t I " "
fol‘ ‘Y- (1051./lttro I
Ingenious ——It is no iiiicoitiiiion pl‘3t.'Il(:e at l
our Cotirtof Sessions. ll” llle “'l""5"r l’fl“"'l°"‘t
who have no children, to borrow a baby for tlit.-.'
occasion, iii order to excite the ten-lcr syittpntliiiss
of the worth)’ Recorder. This ruse seltlottt
- ' ' is 2 (l.
finlg’ and the fortunate prisoner Vls]ltll1.iCll‘].l'g::‘ F (
with an admonition to ‘gohoine an. id etdrc 0
his wife and fain'ily.’—’1'tm€8-
Seminole I»‘Viz'r.——-TlJ€= S9-m"l"l" W" has "5
tnatty ends as there are corners to a Dutclt mill!-
The nine livesoftlie cat furnish lll‘:‘t)lll\' paral-
lel we know of; and the flccllmllliillttll of Ufll:
cial desp:-itches atinounctng the ‘war ended.
puts one marvellouslv in tiiind oftlie fifty titties
repeated, ‘ more last words of M r. B:ixtcr..--
Gen. Jessiip has mauagctl, we l)(,‘llf'‘.\'4‘.. 1}’ “".l"
titre and coax into stibniission, the ('.lllt.'l lintltt-is
of these Indians, but the stragglers are still titt-
merous; and we suppose it will be ‘almost tin-
possible to get hold ofthe whole of‘ them for a
longtime. .Murtler and rapine wil. be con.iiiti.
ed upon the while inhabitants we fear. wet‘! “I-
ter the nutnber of hostiles has become so reduc-
ell as to warrant the witlttlrawttl of the ”‘"’l‘$
from the Territory.-—N. Y. Gaz-
and
i
I
i
j
POL TICA 1..
THE PRESIDENT OF ’l‘llE UNITED
STATES, AND THE SECRETARY
OF THE TREASURY.
The chicfnteasure of their altttg’ 15 ll”? l’”"‘l\'
lug up the Bank of the United Bl'r]l9$,1lU(l let‘
flog anglhe etemems nf ()v‘er||';](.lI|1g and specu-
lotion loose upon the country “tlllttlll. a rtttister.
Were it not for this partizan me:isiire—-this tin-
just execution-simply. because they rcfnscrl to
put on the shackles of party and to become a
government ally, wesboul-.l h:-ive had_ nothing
like our present ditiioulty. O\'(;‘l'll"]'(lll):1_.7,I and
speculation would have occasionr-d tndividtial
cases of bankruptcy. and here and there a vic-
titn would have fallen-—but the United States
Bank would have iiiterfi.-red in any section of_tlie
Union, which was extending itsclftoo fast. She
would have interposed her power of siipprcssitiit.
and brought the issues of the local banks within
the bounds of reason. But after eticouragrtig
the evils with which they now taunt "3 ; lllw
dislionest and grasping mortgages they seize
upon the remnant of our properly. HUI-l Wllllt’
wide spread rtiin is all around as they tell us
that the evil is all of our own cretition. and that
it will only press hard upon THOSE \V_lflO
DESERVE TO STA RVE BECAUSE
THEY HAVE EARNED NOTHING.
STAND FORTH MARTIN VAN BU-
REN AND LEVI VVOODBURY. \VI-llI.E
\VE ARRAIGN YOU AT THE BAR OF
PUBLIC OPINION AS THE ’i YllA.\"l‘
AND THE TOOL——whilc we charge that one
has ordered and the other kept on un<‘0nstittt-
tional and ruinous measures against the interest
of the country-against the declared wishes of
Congress—-and in known dcreliction of dun’--—’
\Vhat right have you to enforce the Trcnsttry
Circular, when Congress. the liigliest authority
known in the United States. and to which the-
President must submissively bow. l‘.-'lS orlererl
its repeal. \V will answer-—l3ECAUSE
MARTIN VAN BUREN. AS ONE OF THE
CONDITIONS OF. HIS ELECTION.
PLEDIPED HIMSELF 'l‘O 'l‘l-IE JACK-
SON PART Y TO CA I’..R.Y OUT 'I‘l-IE
MEASURES OF HIS PREDECESSOR
—AND LEVI VVOODBURY IS HIS OB-
SEQUIOUS SLAVE. And sccotizlly, because
its repeal would he den-“rcus to the pariizan
banks, who are so dropsicnl tinder executive fu-
vor. that the operation t=;o:ild he,‘f_‘ti,tal.,, Titt-
foundation they have is so small that they must
be propped up in every was/.10 prevent tlit=i'
tumbling upon their lierids. {ޤTHE SOON-
ER. THEY FALL Tl-IE l3E'l"l‘ER, FOR
THE COUNTRY! (]:§*‘A ND llt‘ \VE RIUST
GO BACK TO ORIGINAL ELEMENTS.
LET US BEGIN THE \VOR.LD ON AS-
SURED CAPITAL AND ON A BETTER
DIGESTED BANIt'iNt'} SYSTEM.
\Ve will, howcver—nssz,tre the Presirleiit and
Secretary, that the evil is not the conscqttences.
solely, of overtrailiztg and speculation, but has
its foundation in the derangement of the currencv.
dating back from the destruction of the Baiilibf
the United States, and brought suddenly and
violently home by the operation ofthe Treasurv
Circular. That not only liave speculators an}!
theorists been the victims, httt met: of tl‘rc.most
lobe: .and prttrlent r'.'tl"l)l:‘Illtin. MEN VVHO
HAVE \VEATHERED EVERY STORM
OF. ADVERSITY AND EVERY i4‘I.l,iC
TUA’l‘lO.‘. IN CO.\I;‘vIERCFI FOR THE
LAST FORTY OR FIFTY YE.-‘i RS, ARE
PROSTRATE. ~
Neither prudence nor furesiglit have been able
to save them~—the specie has been bought at a
dear rate. and the conntrv banks stistziincd upon
v
a general ruin.--N. Ir. dfercrzzztila.
f
From the N. Y. Cottrier 3- E'n7in'.rrtr.-
JACKSON AND"V.‘xN BURENISM.
AA large manufacturer purr-hasetl cotton in this
Clly yesterday. for nine and (1/tnl/I can]; pray 1
pound. ofprecisely the srttrie qtialfty that he paid t
nineteen cents for in De-cctiiberl Here is an
absolute loss to the planter of one half his pniirp
CFOP. and all for the glory of Andrew ,i';n;t.-.-on.
and to enable his miseralily it1'«-t-‘fir.-lent ,-ind nu;
sillanimotts successorto say. ‘ I have walked in where. and no w
his fooIsteps——-it -is glory c=n.m—_rb fin. rm. 1., f,,ii,,,._.
such a chief!’
ttimely submit to this /_7])‘r'l.77n.7/, or “mi ‘in... r,._
spam! to the feeling: nftlio l'ri._,n.],- ,,f,t,,, ,.,,;'m,;_
tutioit in this city. and hurl tltc irnbet-.iln oppres-
80!’ from the place he uhtaittetl through i|)l["igu(§
r] - 7 , . .
3" “y°°l’l"“"'3’ - we ttot sec .h:it banking cripiial and
- 7* t .. . . » - . .
BM 5“-‘Mlle l~"l”="’~ ‘ M? ll?” '10! t7t.i.r/J/-one «'ll't'3 enormously tticrcasiniz?
millions of specie extrn tlimunli the nmnqnn-3 or t
Jrzckson. sq_fizztltfttll_y .-itlherml -to by his sijg-(g(_=_:_:,1r_'
And “'l’l3l|fW9l1m'e? Is it nfnnv more value
10 Us as now l)!~‘.f‘fl. than Ql)r\.gqn":.' ,,.,._.;,,h, 7,, mp_
rlfif OI’ lead? fll'lQ\V.‘P.t‘ D!) —-l.l‘iP, cnuntry Say;
it —- . , .~ . -_ ,
0 every honest rTl'1fl-Of oi. p !rlV g,-W3 nng ,,,,,.,] money sL..h,,,,,,.‘ and we I-“news, and Hm
And it may not be im_ttrnpo..- n, ;,,q,,;,.,. wha, mi? ,
same amount nfspccie line ..-no n.~_ j,, ,1". fin, ,
Place. it cost us its fttll value in mi: .,-,; npxy. ;, ;
cost the expense and risk of hrirminn it t,,.,.e . find p
s - ‘ r
IHSIIV If llfll alt-early 0,“ "9 t‘
- ‘ . «’ ‘ . .IlI - l
LIONS EXIIIRA by the rlr-,prr~.r-intion in v,,],:,.
of ottr great. stnplr-si';;!,m,,.i 3 “me p, m ‘MN
'-’{%'hf.’/"fim_mf“?0'l-9./7'7 ll’-57!)/-0718 : but this is not i
3ll- File "l.l‘“',V lnour covitmerce. in our mano-
factttres. and to nitr at_vricttlture—-in short ,~,.,,. ;
"”""".Y -'" l=";.'°». frntn brinciiig lltlS.’1r)PciQ rm... i
’l0Cliln2 it up in vaults, and prodii.-in._. tlpp ,-.,.,,s..,,, t
'-I-""mtzf!(l state of afliiirn. is not less than ONE I
HUNDRED MILLIONS more.‘ Here then l
..W0 have at: ac-:'o_unt current by wliich L'll.:_’l€l' any l
citcuitistaiices ‘ r
(lay,cost us ONE HUNDREDAND EIGI-ITX
FIVE MlLLlONS—all for the ‘ glory’ of Jack- _ _
stmisui.-and Van Burenism; and if we do not or expectant!!!-.
I it will cost the aitd those will issue naper ; and the longer the _ _ A .
Govcriitnciit of the Utiitcd States tit-glects its this sacrifice of general r.-onvetiieiice, with all
duty in regard to measures for rcgttlatiiig the this sky-rendirtg clamor foi_*,_.gtti.'ertiiticnt pay-
____.___..._—. currency, the greater will be the antount of bank
UNITED STATES AND ENGLAND. paper,’overspreadiiig tlie country. _Ul' tliisl
in the signs, ifihe entertain not it parttcleol doubt. ‘
pttt an end to this glory policy. _
coiititry not only all it is worth.‘ bin opi-’(.ons:i-
tution, and our laws, atid our LIBILR PIES .
::nl credulity oftbeirowii party, and creating a
and by efforts to revive prejudices and animosi-
nunciatiotis ofthe Globe. ‘
presented to have written home. Illa‘ l‘-lliililtltl
viilsi-in.‘
Mr. Stevenson, ‘are greatly promoted by her
financial et'l)l){]t‘fZlSSlTH?l'llS.‘ and if the latteroon-
tiiiue the former must soon come ton crisis. If
the money power is crippled and embarrassed.
ll e democracy oftliis country will triumph. and
<[)(’.(fl8 to England at this crisis. would therefore
destroy oursclvesi and aid the British tones in
Si sound. so ttnifor:n, so cotiv't-nietit, and so per.-
try. at the’ momeiit ofthe delivery of’ that mes-
sage. in 1829.
'\Vli:tt has the great cryfoi" hard money accom- *
plislied ?
money in New Orlcaiis now as good, or nearly
so, as money in New-York ?, Are exchanges at
par. or only at"the same low rates as in 1829.
and other years ?
all the benefits of this experiment are but injurv
rind oppression; all this refortn but aggravated
gentlemen. that during all this pretended war-
fare against all Banks, Banks have vastlv in-
J
have been ailded to the (‘lrCttl7t.tit)n.
ent atlmiitistra-ticit aritl its tiiensitrcs have been
W" . r l - t . . . .. ~ . .
I” ll"? ‘OM-I and .*t'Illl.ttV. est, most /.t-alously supported. Banks have multtpli-.
ed utitler state autliority. since the decree was
and mnvenient.
‘\Ve are much mistaken
it other words by im posing upon the ignorance
ieliefthat Great Britain isiiiakiug an attenipt
o produce bankruptcy in the United States.
ies. which, happily for both countries, have
ong since subsided. This belief gains ground
front the declarations attribtticd to Mr. Steven- 3|""'“‘«
son. the American Ministt-r.iii London. and not
lenied by his friends here, joined to recent de-
Mr. Stevenson is re-
s on the brink of a finziucial atid political con-
' The political disturbances of England.’ says
Ireland will be etiiatit-ipzitcd. To send out’
their present deutlt strttgglc with the people.’
\Ve cannot believe that Mr. Stevenson ever
wrote the above—we will not believe that lie
cotild dislionnr himself and his high station. by
n rcct)mmPlitla.ltm to the American peopleto
swindle their creditors in England. by a rcfusal
in pay their debts while‘ posscssetl of ample
meziiis, and thus break down the existing gov-
trnnicrtt at which court It is accredited. It is.
we think. a forgery of the kitchen (-abinet—a
new attempt to transfer the censure oftlieir cri-
minal acts to a foreign power. Enfllmtfl tlltl
not witlitlraw the depositcs—Eng_vlanrl did not ve-
to the Bank Law—-Ettgltintl ditl not issue the
illegul Specie Circular——England did not over-
turn our system of Exclianges—England did
nut rcdncc the price of our produce—England,
in short. did not even prevent the tlraiti of her
cold to this country. far beyond the amount of
her iiidebtedness to us. How, therefore. can
England be censured for the acts of our own gn-
vcrnment.—for the suicidal and ruinous meas-
tires of our own despotic rulers?
Desperate diseases, however. require ll€5P€T-
ntc remedies. The administration is like a mod
bull in the arena. finding every avetitie ofit
barred. turns fiercely touii ' and guards and toss-
es l,oth friends and foes. \Vc are much mistak-
en in ottr knowledge of Ur. Van Bttren"s char-
acter. ifa quarrel with England is at all desired
on his part, and it moves our especial wonder
that he should allow liimst-lfto be goverricd by
the belicfthat what Gen. Jackson coitld do, his
successor can carry out. \Vliy, Geti. Jackson
himself. with all his friglitful and delusive popu-
lnrity. could not at this moment, sustain that spe-
cie circular—lie could not with bankriiptcy in
every direction, produce falling to nothing. and
iiieclianics thrown out of bread. persist in liold-
ing on to a- ruinous measure. How can Martiti
Van Buren hope to sustain it? Congress. by a
two-tliirds vote. has ordered that specie circular
to be repealed. It is repculed. virtually. and in
a proper spirit ofrebuke repealed; it is no argu-
ment that hecatise .‘\nt.ll'(_“\\' Jackson ran away
from \Vashington with the law unsigned in ltis
pocket. that it should continue in force. \Vhat
linsilie President to look for in maintaining his
present position? Difficulties on diffictilties
will accutiiitlatc; the storm will sweep over the
whole conntry—evcryititcrcst will feel the ex-
istiiig enibarrassmerits, and finally Congress
will, by nearly a itnmiitnnus vote. order that
circular to be re, ealetl, coupled wi'li crn lll‘t"s on
the conduct of the Excctttivc, at will leave
him scarcelya friend. It does appear to us.
looking as calmly at the whole subject as we
possibly can. that Mr. Van Burcn is to he final-
ly rttined unless he terminates his connection
with Gen. Jackson's Kitchen Cabinet. Ifthcy
arc to rule, he is gone.
Conclusion of
MR. WEBSTE{i’S SPEECH
AT w.;t.~‘.i-'o‘nt.-, ,
The result is now all heforetis. Tlicse pre-
tciitleil reforms. these extraordinary exercises of
power frotn ati e"traortlinary zeal for the good of
tlic~I)eople,——wliat ltavcthey brought its to?
- In 1829 the currency was decltircdtohenci-
tlicr sound nor uniform; a prnpttsitlon, in my
]Uf‘l.’_1ll‘tEni. altogether at varianre with the fact,
becaiise I do not believe there ever was a coun-
try of cqual cx_tciit. in \Vlll(:ll‘pap€I‘ formed any
part ofthe circulation, that possessed a currency
feet in all respects. asthe currency ofthis coun-
W'lier_c has the improve-
But ‘how is it now ?
'\Vhat has reform done?
meiit brought it?
Istlic currency uniform now? Is
Every one here knows that
listrcss.
And as to the .s'oui.-alncss ofthe currencv. bow
astrophc ? Is property more .<ecti_rc., or indus-
ry tnore certain of its reward? \Vc all know,
itiuktt, therefore, so ll'll_lCl] professed. wl.c:|;g.- ii
-A-'"l "OW 3 Wtml 0!’ two. acntlemcn. upon this
leltisions. to which it has gi\'r,=n birth,
' ls Flllllcttll to treat with sulfirictit catition in a
‘
'‘p‘'.l:ll‘ and occnsioiial ntlilross like this,
he l‘ll‘(‘Ul3lllOlI_, so fair as it n'i:i_v be pmcr;c;,i,t,.
I atn for giving no value topn.
‘N’ m_""’l.V “‘-‘ l’3l’f’l’- Iilltllttr piper; that is
0 Say ll'l’(}Il9f"l1'|nl)l(,t, Dqper. pnpnr ‘ha’ n.”,V "(H
3 f-‘0Tl\'f’fl8fl into gttltl nnrl 5"-Vcrat {ho w}|l ,.f'
he told r. But while Iholiltonll this Ibe
0 I '
"W9 ‘‘l'“‘'’- Ill?" 3“ 87.<<3ll18i\'c gold and silver circit-
tli thirty iuillioiis has at thi- state ofthe country atid of the world. \Ve shall lv front Milwaukic and Cllltllfit) to Detroit.‘ and
t s . ' . _ _ , , . - _ _ . . .. H y. ._
none of us ever see ll ; and it is credulity and back again from Detroit to Mii\\.iul.ie and Chi
fully in my opinion, to act under any such hope c-ago, and perfortiis similar feats ‘of egress and _ _ _
The states will make bank:-. regress, in many other instances. in the western rangement with the bank would aflord relief.
tions, and the systcitis of (.'lll‘t’('l')(.‘_y,
of its greatest uses is to pass ftotn country to
country, for the purpose of settling occasiorizil
it is needed for these uses.
orditiary pains to bring it where the course of
speculators. brokers. dealers in money, and Iran-
_ } _ _ . Ipro- tiers of money, at exorbitant interest.
i,.-s to ie ti bulltonzsl. in the itsunl and act-cptml onpimlisis are
setise tl tw . - ' ' - -, _ .- - - c
r of _ta Qrtl I am fora solid speciebasis tll.spel’st.’ll. as usual. in various parts of the (‘min
or our ctrciilrttion.
- L
L.—
states? It is retiiar.l.able ettotigli.-iliat witli.$a_ll
ments in specie, Govertzmetit, after all, never
gets it dollar. So far asl know. llle Umled
States have not now a single specie dollarm the
\V|iile 1 thus hold to the absolute and lndis- world. Iftliey have where is it ? The gold
pcnsable necessity of gold and silver as the and silver t'_‘()llcCl:.'tlal'1l1e Land Oliicets setit t_o
futtndatioii ofoiir circulation, 1 yet thitik nothing the deposits books. it is there placed to the credit
more absurd and preposterous. than unnatural ofthe governtneut, and tiierchy becomes the
and strained efforts to import specie.
but so tiiitcli specie in the world and its amount
cannot be greatly or suddenly increased.
dccd there are reasons for supposing that its
amount has recently diminished. by ‘the quanti-
ty used in mauiifactures, and by the diminislit-.d
products of the uiities-
property of the batik. The whole revenues of
the government, therefore after all, consists. iti-
mere bank credits; that very sort of security.
which the friends of the administration have so
niticli deitotiiiccd.
Reuieniber. Getitlemen. in the midst of this
deafening dirt. against all banks, that if it shall
create such a panic, or such alarm, as will Shut
tip the banks, it will shut up the Treasury ofthe
United States also.
Genilenien, 1 would not willingly be a
prophet of ill. I most devoutly wish to see a
better state of things; and I believe the repeal
ofthe Treasury order would tend, very mtich.
It) bring about that better state of tliings. And
I am of opitiion, getitleiiien, that the order will
be repealed. I tliitik it must be repealed. I
think the East, \Vest. North and South will tie-
nitind its l't‘pt'al. But. Geiitlcmen, 1 feel it my
duty to say, that if I should be disappoitited in
this expectation, I see no immediate relief to the
distress: 3 of the commutiity. I greatly fear.
even. that the worst is not yet. I look for severer
distresses; for extreme difliculties in exchange;
for far greaterinconvenietices in remittance. and
for a sudden fall in prices.
which is not to be tampered with, and the
repeal of the Treasury order, being some-
thing which government can do. and which will
do good, the public voice is right in demanding
that repeal. It is true. if repealed now, the re-
lief will come late. Nevertheless its repeal or
abrogation is a thing to he insisted on and pur-
sued till it shall be accomplishad. This Execu-
live control over the currency, this power ofdis-
criniinating. by Treasury order. between one
nia:i’s debt and another man's debt. is a thing
not to be endured in a free country; and it
Should be the constant, persevering demand of
an trite \Vhigs--‘rescind the illegal Treasury
order. restore the rule of the aw, place all
branches ofthe revenue on the saute grounds, as
to the means of payment. ttiake men's riglit's
equal, and leave the government ofthe country.
Tlicre is
lit-
The existing amount of
however, tnust support the paper circula-
not of the
United States only, but of other iiatiutts. Onc
bzilanccs iticotiinii-rcitil traiisactioiis. It always
finds its way naturally and easily to places where
But to take extra-
trade does not bring it. where the state of debt
and credit does notirequire it to be. and then to
endeavor, by other regulations. Treasury or-
ders, accuinulation at the mint, atid other con-
trivances, there to retain it, is a course of policy.
bordering, as it appears to tne. on political in-
sanity. It is boasted that we have seventy five
or eighty millions ufspecie now in this country.
But what more senseless, wltat more absurd than
this boast. ifthcre is alttalance against us abroad.
of \\ liicli payitietit is tlc-sired, sooner than remit-
tances uf otir own products are likely to make
that payment? What tnore miserable than the
boast of having that which is not ours——whicli
belongs to others. attd which the convenience of
others and our own convenience also. requires
iliat they should possess? If Boston wete in
debt to New-York. would it be wise in Boston,
instead of payingits debt. to contrive all possi-
ble means of obtaining specie frotn the New-
Yoik Banks and ltoartling it at home? Anti
yet this. as I tliiuk, would be precisely as sensi-
ble as the course, which the Government ofthe
United States at present pursues VVe have
without all doubt, a gteat anioiirtt ofspecic in the
cotiniry. but it does not answer its accustomed
end. it does not perform its proper duty. It
neither goes abroad to settle balarices against its.
and thereby quiet tliosr-. who have demands
upon us ; nor is it so disposed of at home as to
sustain the circulation. to the extent which the
circumstances of the times require. A great
part ofit is in the western banks, in the laiitl
offices, on the roads through the wilderness, on
the passages through the lakes, from _tlie land of-
fices to the deposits banks. and from the deposite
hanks back to the landofiices. Another portion
is in the hands of buyers and sellers of specie :
of tnen in the west, who sell land ofiice money to
the new settlers for a high premium. Anotlter
portion. again, is kept in private hands: to be
usetfwheti circtitnstances shall tempt to the pur
chase of lands. And gentlemen. I ant incliiictl
to think, so loud has been the cry about hard
money, and so sweepitig the denunciation of all
paper, that private ltoltling, prevails to sortie ex-
tent in ililfererit parts of the country. These
eighty millions of specie. tlicrefure really do its
little good. \Ve are weaker in ottr circulation.
I have no doubt ; otir credit is fcebler, money is
scarccr with us. at this moment. than if twenty
millions of this specie were shipped to Europe.
and general confidence tlictcby restored.
Gentlemen, I_\vill not say, that some dcgree of
pressure had not come upon us, if QR Trcasurv
order had not been issued. I will not say, that
there has itot been ovcrtratling. and ovcr-protluc-
tion, anti a too great expansion of batik circula-
tion. This may all be so. antl the lust incit-
tionetl evil, it was easy to forscc. was likely to
happen, when the United States tliscontitiucil
their own book. But what I tlo say is, that act-
ing tipon the state oftliings as it actually existed.
anti is now actually,existing_, the Treasury order
has been, and now is, productive of great dis-
trcss. It. acts upon a sttiieoftliings, which gives
extraordinary point to its sling. It arrests specie
when the free use and circulation of specie arc
inost important; it cripples the banks. at a mo-
ment when the banks. more than ever. lltfffll all
their means. It makes the merchant unable to
remit, when remittance is necessary for his own‘
credit, and for the general tidjiistmeiit of commer-
balances. I am not now discussing the general
question. whether priccs triust not come down,
atid adjust themselves aticw. to the amount of
bulliott. existing in Europe and America. I am
dealing only with the meastircs of otirown Gov-
ernment, oti the subject of the ciirrenr-y, and I
insist that these nieztsurcs liavc been most tiri-
forttinate, antl most ruinous oti the orditiarv
means of our circulation. at home, aiirl on GUI!‘
ability of remittance abroad.
the; representatives ofthe people in Cont_trcss."—
This point should never be surrf-ntlercd or com-
promised. \Vhatever is establtsltctl, let it be
equal, and let it be legal. Let men know to-
day what ttioney may be required of them to-
mtirrow. Let the rttle be open and public. on
the pages ofthe statute book, not a secret. in the
Executive hrcast.
Gentlemen. in the session which l:as now just
closed, I have done my utmost to eflcct a direct
and itn midate repcal ofthe‘ Treasury r rder.
I have voted for a bill. anticipating the pay-
ment ofthe French and Neapolitan iridemnities,
hv an advance from the Trca;-ury.
“I have voted with great satisfaction for the
restoration of duties on goods destroyed in the
great cotifltigration in this city.
the surplus which may be in the Treasuryai
the end of the year. All these measures have
failed : antl it is for you. and for our fellow citi-
t‘ e public inicrcst would, or would not have
been promoted by their success.
But Ifind. gentlemen, that I am committing
.-in iinpardonable trespass on your indulgent pa-
tience. I will pursue these remarks no farther.
And yet I cannot pursuade myself to take leave
of you. without reminding you. with the utmost
rlefercncc and respect. of tlic ittiportant part as-
general pro.=porit_v and happiness.
\Vhigs of Ncw—York I
this great nit=.trnpolis! Lovers of constitiitirinnl
liberty. bound by interest and by affection tothe.
instittitionsofvoiireoiintrv. Americans in heart
and in principle I You arc ready. I am sure. to
fulfil all the dttlles imposed tipnn you by your
situation. and rlemantlcil of you by your coriritry.
You have a central position ; your rity is [lip
point from which ll'tl(‘lll_J_",‘nf'(¥A eniritiafcs. and
snrends in all directions. over the ‘.vlir‘-lo l;ind__
Every hour carries reports of jcoitr sentiments
Flllfl.0Dll'll-‘ins to the vs-rgr-. of the Union. You
cannot escape the rt-sp:ttisiliiiit_v v.-liit.-l.» f.‘ll"L‘.l.'ll‘l-
stances have thrown upon you. You niiis: live
anti act on a broad and COY‘|Spl(.‘l.l0tlSllIF.’FtlrP, eith-
ci for good or for evil to yonrcountrv. You cn n-
not shrink from public duties: you cannot ob-
scure yourselves, nor bury yr.ur talctit. In the
common welfare. in the common pro.=perit_v. in
the common glory of A nicriczins. vou have stake,
nfvriltie not to be calculated. You have an in-
terestin the preservation of the Union. of tho
Crtnstiitttion. and of the true prior-iplnsnr the
Govcrnmcm, which no man can estimate. You
act for yourselves. and for the generations that
are to come after you; and those who, ngr-s
licncc. shall bear votir nanies. and partake your
ltlootl. will feel in their political and social vomli.
'tion. the conseqticnces of the manner in which
_VNt tll-<r‘hr'tt'aP "our political tlotics.
IrInvinr_r ftilfillml. then, on ssnnr part and on
mine. though feebly and in~iriorl’m-i]\.- on m;,,,._
Their cllects. too, by dcranging and misplac-
ing the specie. which is in the country, are most
disasterous on dotncstic ext.-lianges. Let him
who has lent an ear to all.tlm_se proiriiscs of a
tiiorc uniform currency, see how he cati iiowsell
his draft on-'N_ew Orleans. or Mobile. Let the
northern manuf€i_cture_rs and ntcchanics. those
who have sold the protliictsof their labor to t.lIF.‘
South. anti herctnliore realized the prices. with
little loss ofexcliange. letthcrn try present facili-
ties. Let them see what reform ofllic ctirrcncv
has done for them. Let them inquire, wlietlier
in this respect, their condition is betteror worse the offices. ofkinrlness and mutiral regard. requir-
lllil” ll “'35 fi"3 01' SIX years 3&0» ' ed bv this occasion. shall we not use it to a liioh-
Gentlemen. I hold this tlisturltnncc of the “V and "0l’lf"‘ Dtlrttn-=0 ?
measure of value. and the tiicans of paymettt ll-'l"-”‘ll,V mPPlin2. rcfresli our patriotism. rekltt-
does that stand? Are the causes of alarm less and exchange, this derangement. and ifl may so tlle otirlove ofcrmstitiitinmtl liberty. and strength.
rroiv than in 1829? is there lr-gs hank paper in Say. ,},;s ,.;,,|,,,;,,,, ,,f.t,e ,,,m., ,,,.y_ ,0 be one .,r en ottr resolution: of public rlutv? Shall we.
reirciilation? Is there less fear of a general ca- the tnost uuparrlonahle of political faults. He '10‘, in all honesty and sincerity, with pure and
who tampers wi lithe current.-y. robslalior ofits .'ll5l"“""-’5"’ll l'Wt’- of cotttitry. as Americans, ;[,er‘_t
bread.
which is keen sighted. and may shift for itself; looking forward totlieiiiterests of our prosperity.
, _ _ _ _ hut. lielieggars labor. which is bon.est,unstispect- lN’t'f‘. ln-nialtt. plcdsze our mtittial faith. to hold
“”’”““l° M'll'”“3 “Pm? ”'“lll‘"‘5 “fltflttlt paper ing. and too busy with the present to calculate “D to the last to ntir professetl principles. to the.
Every .on the future. The prosperity of the working doctrines of true libert_v. and to the constitution Tennessee house’ or Yealmam W”°‘l ‘If’ C°'
here so much as wltcre the pres- classes lives, moves. and has its being in estah- ttfour country. lct who will prove true. or who Gfinefal Iaclsson ls -'3 great Sllffefef. and that he
lislir-rlcretlit.aiitl a steady medium of payment. Wlll PNW6 T<‘t‘I‘t‘nnl 3
All sudden cliangesdestroy it. Honest industry mfel 3''") l" i"l\’""f‘9- "ml L’l"" '0 3'0" 015' plfltlac.
_ never comes in for any part of the spoilsin that lit!‘ m_V “Wit iterfurtnaticc oftliese duties. with-
i’l1a(l'Ufl'|‘l‘I.?l<ldlll’t3 I3.c'1l.1l( of the United St‘-‘fates sli.oultl scr:i_rnble. whichtalies place, when the currency out qiialificatitin pnrl witltotit reserve. \Vhcthr_-r l .
N’? 8-} ‘I8 .lt_'> expire. ‘Look at i\_li.=si.-sippt. Mts- of a country is rlisnrdcred. Did wild SCI]!-‘(neg in public life or in private life. in the Capitol or money. which the old General has been pocket-
SW“. lwulstana. Virginia and other sates. Do and projects ever bencfi, me ;,,,i,,5,,.;,,,,s-3 D3,] at home, Imean never to desert them. I mean
' bank _papr.=.r irredg(:n1'.]l)l8 batik paper over enrich the labor- never to forget that I have a country. to which
The opposition to ions?
He panders indeed, to greedy capital. l""’lil".£.’lt?H‘-ls‘ to the rcnmvit of our ancestors. and
\Vliir_vs ofNcw-York I I I
Did violent flucttiations ever do good to I am ltmmfl by a thousand ties : and the stone
_ him. who dcpcndsion liistlaiiy labor for his tl.'iil.v ‘Vll.l“l.l l-" '0 llc fl" ll"? £’l""‘l'l‘l ill?" Shall NW?!’
be real. or whether it be bitt pretended, has not broad ? I
l‘l’.*‘ll’E]'Il1e(l either number or their issues of pa,,,.,_
Both nave vastly increased.
Certainty m._.,.e,-_ An ,|,,.se ,i,;,,_._,,. tr'IP, shall not bear the name ofu s_on ungrateful
may gratify greediticss for sudden gain, or the "J lIlSti&l.llV8 l!!!)fl-
rasltncss of during speculation; btit they can
bring nothing but injury and distress to the lioirc:
of patient industry and honest labor.
_ _ _ Gentle» they that profit by the present state ofthings?-—
779"’ 'l"‘° '5 3 ‘“l’J“-‘ll °f(lCll!'nt:y. andone wliiclt- They are itot the many. but the few.
FUR RIGN.
\VlIft 71"‘ Lalefrom Lntcrpool.——Tlie packet Sl1l[tGenrge
Tlte_V fire has l-rottaltt date: to tbe2-lib March.
The Bank of England has agreed to sustain
Small American bank-ing housr-sin giving aid to Anipri-
t‘l'|I5'l"“l. find ‘hell’ menus. lwitic can credit there. upon a joint bond ofthe march.
ants, tvliich was deemed stiflir-icni, as ii was he.
“ml ll" 3l"“i“l" -'15 3 Pm‘! Of try. and this miserable policy liaving destroyed licvcrl there that the American houses would be
"-““l""'.‘—"’~‘v ‘ll-".V l‘"‘'‘’- W’ l“"~‘Z"l' *‘—'|llN’-I‘ mnnev or able to nieet their engagcirir-ni,=.
credit. '
mtir-it partake in the same calamity. And what
consolation flirt-all this, is it, that the public lands
are paid for in specie? I
""5“'"""" :'”."l d'l3l"-€59 P8l'VINle the country, the irnmerliately for aE‘3.000.000.
And all classes 0f_labot partake. and
n London. and was activelyengngetl in faciliat-
"E the arrangements on foot. It is said that the
Tlmt Wltatcver cmhnr- Bank ofthe United States is authorized to draw
titionis an utter it‘npor.sil,mi_y in
western wildtterncss is thickly sprinkled over
the present with eagles and (lollurs?
T’, The mone market in London’ was about the
tat gold goes week- same as per ast rlates.
OUI‘ C0mllll0ll is ""81 will save the liotior of Mexico.
where the constitution leaves it, in the hands of
I have voted for a tleposite with the states of
zcns througliout the country. to tlccitle Whether
signed to you in the. political concerns of your
country. anti of the great infltiencc of your opin-
ions. your cxnniplc. and your cfibrts, upon the
I’:itrintic rritizcns or
In L‘iverpool. affairs generally were a more
Cotton had still fun her tliclined
It is understood that the George \Vashington
brings back protested bills to only tlie-amount of
about $930,000.
From the New Orleans True American. I
April '14, I837.
The brig Czizenova. from Vera Cruz the 25th
ofMarclt. arrived yesterday, bringing intelligence I
that the expedition against Texas is abandoned.
The general opinion is, that Mexico will never
attcm pt to reconqliier the republic. Santa Anna
is daily growing in favor with the lower classes
of the people. and iliere is no tloubt that he will
yet reach the Presidential chair. Money is,
scarce, a_nd the Government cannot procure funds
to pay what fe’w“s6Idier.s have been left.
The brig Independence. destined for the
Mexican navy, has been sold. and will shortly
leave for Baltimore via this city. She went
ashore some time-since at Key \Vest, anti liav-
ing been got off, on her arrival at Vera Cruz,
was bought by an American house. A French
frigate had arrived. Four others were expect-
ed from Martinique. Their object was to de-
mand a restoration of the forced loan made on
French citizens. A ‘ ,_
Poor Mexico! she is in a bad way. Intes-
tine divisions distract her Government, while
America and France threaten vengeance if
prompt restitution is not made for imposition.
ttpontlicir citizens. What will she do! Put
Santa Anita at the head of afIuirs. He is the
only man that is calculated to govern his laxa-
roni countrytiien. He will satisfy the tleniatids
of France atid the United States in a way that
Oiitbreakings cotitinuethroughout the whole
‘country. in consequence ofthe order depressing
the up value of the copper coin. The United
States sloop of war Natchez hail sailed for Ve-
ra Cruz for Tatnpico and other Mexican ports.
to seetl.e United States flag respected. atid to
prevent any tlcpredations from being committed
on our vessels.
“ Don’t give up the Ship."
NORVVALIC.
VVF.D.\ll<‘.SDAY MAY 3.’ ism.
(1? Ottr State Legislature assembled to-
day at Hartford. ‘Va shall gize our road-
the Governor's Message
number. The most interesting subject, and that
ers in our next
probably which will engross most of the time of
we sessioii—will be the distribution of ‘the
And we greatly feartliat the harmony
of ‘the party’ will be somewhat disturbetl there-
by, ‘ any how they can fix it.‘ How much time
antl expense, atid what a world of log-rolling.
lobbying and caiiciislng might be saved if the
people were allowed to appoint their own cotto-
ty ofiiccrs, Probate Judges anti Justices of the
Peace. And how much tnorc .Dcnincm(ic it
spoils.’
broken dotvnparty. J. Q. Adams at an early
period declared, ‘ if they could not alter things,
" ”‘ For-‘t1i§"Gr'2.4éttc.'
“Tlie[\!vbigs are very fond of’gi-viiig nick-~ «
glfifilly-’2i”Spet.‘t.
bu ‘l‘P“-5 were ‘-’-"‘°"l3l"ed ‘hm ‘he r""‘8"l"g 3"‘ names to democrats ; but they gain no more by’
it ;
it
than by ‘the frequent change of their own!
atne. Jacobines, Agrarians, Levellers. Loco
Focos. Tories, &c. &c_. hav'e_ bcenapplied at
different periods. and in different places to demo-
MEXICQ crats but tlteybave never influenced a vote, and
hey probably never will. It is an old trick ofa
hey could change their names.’ But principles
are ever enduring, and always the saute, and de-
mocracy though traduced, and called by other
names, is always.and forever the sam 2."
The above is from that sink ofcorruption, the
Hartford Tiires; It is really disgusting to oli-
serve the overbearing and tyrannical course,
Wlllcll that ‘Drittt has for the last ten years been.
and is still pursuing, and yet laying claim to the
title of‘Democrat.’ We have, however, nearly ‘
a parallel in the history of France, when such
men as Marat, Robespierre, &c. put thousands
of their tinliappy countrymen to death ; and as
a vindication of their outrage and cruelty, said
they did it for the good ofthe Republic.
Times harp as much as it may about being nick- -
Let the
named, yet facts. as clear as the sutiat noon-day‘,
confirms the truth, that the party to wliich it be-
longs are nothing more nor less than TORIES
—ilie statiip of Tories, who in the Revolutionary
struggle of our fathers, lent their whole power
of tiiiud and body, to retain the whole power of
government in the hands of the King of England.
The Times and its party. have not been less'1.ett-
lous in their endeavors, to persuade the people
that Amlrew Jaclrson ‘ could do no wrong.’ and in
fact. have supported ltim in acts,
_ wlticli would
ilrivea British Monarch frotn liisllirone.
‘.081
not content with tlicirglorifying J:t('kson,VanI3tt-
rcn, 6:. Co., the Titties has in fact been engag-
ed in scurrilous crusades against iutlividuals who
would itot subscribe to tltcir narrow-rxiiiidcd and
illiberal tIo_gntrzs,atitl by abuse heaped tipon abuse
have driven, as with the scourge, niany persons
to subscribe to the modern and dangerous princi-
ples of '1'ory2'.cm. Yet there are-we rejoice to
say it—over 21.000 Froemen in this state who
never have been, and never can be tliits wliippetl
into the Tory ranks. They have withstood
the cam of the Times, of‘ Perle’:-rtlt'sl..’ ‘ Twad-
tllcr.’ t\'.c. ; and the l'Vltt°gs who are now org.-n;iy_.-r]
in this and other states, aretlie Demo:-mt; whom
we believe, are destined to destroy the last vest-
ige of that fI'(;r_t/istit, which the Titties with child-
ish adoration liugs to itsbosom. \Vcilou't won-
der the Titncs dislikes to be called by its right
name; bttt Toryis its (rut: name-—.'itid the epi-
thet willstick “'llllL'llS prcscnt cliarzictcr l'xl2sls'.
' Ictt.-ttioii.
BANKS, THEIR EF'FEC'l'S, kc.
To the Etlilor of I/tc Nortcu//c (i'rt:c.'Ie:
I exposed what I consitlcrcd the apprt-cizrble
and efficient. causes ofthe present ilisircss; and,‘
by a few familiar illustrations and rctiiarkix. cit-
deavured to give a plain and simple SI.’-)lt:_!ll¢‘ll[,
ofthe nature of Banks. and their cfligcts upon
the commerce and ititltistry of otir (‘IItl.’lll'__V:,/‘AI
will now glance at and examine .~zotiit=. ‘ of/tliose
causes assigyneil by the advocateix of.-i sprcio
currency. 'I‘hesc are evidently liypotlir-tical
and extremely intrical and involiited——ion mm-lt
so, indeed, to aditiillnf practical applit-tttioii to
the matter in hand. They are not cllicicnt cati-
S68-—ll1-"_\' are not appreciable.
would be than the present system.’ \Ve won-
der how the plan will go down with the party. If
they are consistent, they will do all in their pow-
er to effect the cliarige. But then tlilsran.st'slen-
cy is an awkward business where it does not
happen to square with one's owtt interest; and
fallen and (l(’.gf3nt‘J.'ll8 as all orthodox politi-
cians admit themselves to be. the people should
not be so cxnctitig as to expect it to shine ottt ve-
ry clearly amongthe characteristic traits of mo-
dern Tory Democracy.
The repeal or modification of the attachment
law. and the law atitltorizing iniprisottment f'or
debt, will dotibtlcss be popular tticasures with
both parties—in these hard timr-‘s—-and ought so
to be. at any timr. But we will not fttrlllefspe-
ctilate on what they will or will not do. Their
acts will soon be on record. And we hope that
hereafter, in comparing them with the profes-
sion: of the dominant party, we shall not be too
forcibly rt-.niinrlet.l"r'if' the fact. that it is 9easier to
faith twenty what were _::ood to be rlone,tltan
to be one oftbcttventy to follow our own teach-
ing.' . . .
flj§Tlie Boston Transcript says, ‘ \Ve can-
not expect mttch warmer’ weather until the
How, in the
name of common sense can We expect the snow
and east of U)! have disappeared.‘
and ice to disappear until we have warmer wea-
Quite a quandary. Mr. Transcript.
It works ‘to k2'l£.'—'I‘he evening Star re-
ports a rumor that by the failure of the great
had loaned his name to a friend closely connec-
ted with land speculations. to the amount of
in: so long. seems in he in a fair way to be its.
ed tip.’ The next thing. the old hero will be
cursing the ‘dear people‘ for having allowed him
to ruin himself}
\
should rcgrcl.'—Globe.
a taste ofthe bitter fritit ofthe experiment.
merit. The Old General probably expected to I
pave 50 cents in the dollr. the balance would i
have to be paid bv one of those who deals upon,
‘borrowed capital.’ and who as the General
said ‘ought to break"—-to avoid which he no
(I
to its proper size.
u;
hree ltundred thousand dollars. The people's ,
receive 15 cents for his cotton. and so valued I .
An agent ofthe Brink ofthe United States was upon his factor here. Cotton at 8 cents only Bimli ‘Vlll “I056 ll8 €l00t'S. These are the disas-
As a preliminary notice. I would advert to :1
statement recently put forth in'thc government
paper, that there are now, owingto the extraor.
dinary nieasitrcspantl exertions of the i8tll!ll!ll.9-
tratioii.t.-iglity millions of gold and atllver in 3}...
country. Pray where is it? Docs it (‘on_-gtiluta
our circulating medium? Jls the avowed obit-ct
ofgoverumctit in bringing this specie intotho,
country at so great a sacrifice, attained? And
why is it not attained? Because gnvcrnnicm
keeps it out of circtilation.
burse it, for fear it slioultl be sent to Europe to
settle our balances of trade. Is not govt.-rntm-nt
then defeating its own avowed objects? Or is it
its object to destrn_\'F all the Banks-spits-‘es; itsélf
nfall the available funds--and. as a t:rin5pqncncg
the power to buy and scll—not cattle nor ncgrocs
—bttt white titen and their sitffragcs l'or a men.
archy? But I doubt that ‘such is the ()Iljf_‘t‘.l,
though it might prove the result. “'9, would
shudder at the suggestion. But eight short
years have. through the influence of pnrtizrin
rcwartls. made remarkable changes in the mor-
al sense ofthe American people.-
But. to my purpose’. - Speculation is assign-
ed as the sole and eflicient r-atise of the present
Shall we not by this mcnse bodies of ice and «now that lie totbe north ‘ll5'"’55' I‘ l5 "W °l’l"l°"t Slfs "'3" 9l’°C"l‘"l9"'
lras nothing to do-witli it. This is a bold as-
sertion. I know; but let us look at it.’ _
In the first piace it is speculation in lands-
particularly the publiclands. Men of capital
purchase an hundred acres, forinstancc. at one
dollar the acre; they divide it into parcels of
five acres, and resell these parcels at one line-
dred dollars eat.-h—-tbey may be again subdivid-
etl antl again sold. The first and second buy-
ers rind sellers are the speculators. Perhaps
the third arc—but here the sale stops. \Vlto are
he losers? No one. if each makes good his
payment. But. suppose tlietbird provesbank-
rupt. The second loses. what? \Vliy his eltr,-,--r’ .
pected profits. and the land reverts to him again.
Pray where is the distress? The ,.tlieorists
whom we are combatting will tell you. "There
I
.t T/iere is no pressure wltich any /tones; man‘ have been speculiitions intliis little district of an
hundred acres. of, say ten thousand dollars—ten
wqghinmm Cw‘ Hnmridae from Liver I Iftltere be anytrntb in what follows from the times the worthpf the whole property. founded
' ' " ' " ' ' P00 _ Evening Star. the ‘Greatest and Best’ h is bad "W" €¥l0PS|V9 |55"e5 0f I"‘P°" m°"ey"bU‘ ‘lie
bubble has burst, as might have been expected
A draft for 86,000 drawn by Andrew Jackson, .-dozens are mined. and the Bills of the Black
President of the United States defacto. in this Hawk Bank have been-refused at our principal
city. was. we tinderstantl. protested for ‘non pay- ,
tores and taverns. Yesterday there was a great
on for specie; and it is not improbable that the
mus effects of speculation. and a rag citrre cv.'
J
'I‘uis,.sir, is a fair sample of the effects of a land
pecuiation. It is all a bag of wind, blown up
ottbt allows the draft to go back to be redu,co'l _l’)’ ‘he 3d"°°‘"¢' 0f" 5P°cl° °"“'9”°Y- Nobody
has suffered ; and perhaps the only money that
‘-1; ~.
.. l.
w.
W
\
\
I
They refuse to di.<-- _ 9
\
DEAR Sirt—In Ht)‘ two former cttiriiiiritiii-atlttns -.
u .
Norwalk Chronicler