Massachusetts spy and Worcester advertiser. [volume] ([Worcester, Mass.]) 1823-1825, 1824-07-21

! lie credit or the terms of the loan, declined
taking it and made his reasons known al
Lloyd's Coffee House; and another great
Banker with his friends had in consequence
taken 1T with better bOnlts, would ie not have
seemed ridiculous to the English nation that
the latter should have crowcd up his own well
paid patriotism, and dccried the conduct of the
former as indicative of enmity to the Constitu-
ton and safety of the country! To shew that
instructions to the loan were pushed to an ex-
IRENE, and that threats were employed ex-
tracts as usual are made from the Newspapers.
1t is not incumbent, repeat, upon the old ma
orlty OF this State to justify the salies ofzeal,
0r satire, or sensibility which may have escap.
ed from the pens of individuals on this or any
other topic. Yet what was the scope of the
imputed threatenings? Never that have seen,
pains or penalties, of injury to life, or limb,
or property. Neither of tar and feathers or
efhgies. Some half dozen essays more or less
may be found by those who go housing among
old files and pigeon holes, wherein the writers,
Of their own mere authority, pronounce very
strong ccnsures upon those who being opposed
to the war will nevertheless contribute pecun-
iary aids. But the sum total of the threats is
that they will be put in Coventry by their par
ty.-And what very dreadful sentence would
that have been to those acho ayere restrained bv
that consideration only, from lending their mon
ey, even ii the writers Of those essays had pos
sessed (Which they did noD the means of Civ
lns effect to their menaces? Verify say unto
thee, they would have had their reward.
But the most shameless argument, (if its ma
Lightly were not neutralized by its foly,) to
prove the existence of''a reign of terror was
drawn from the advertisements of brokers who
offered to receive proposals and effect subscrip-
tions, acltho'H disclosing names. The inference
is, that this was intended as a screen for those
who were afraid to be known as subscribers.
Now the plain truth is, that it was understood
at the Treasury department, that individuals
whosc proposals might be rejected, wo$ld, from
disposition natural to most men, TO conceal
negotiations which issue in no contract,) be
DESTROYS of keeping their names out of sight,
ard the notices from the Treasury encouraged
the expectation that this should be done As
to those who should take the loans, the con-
cealment, in the nature of things, could be bat
temporary They would hardly permit the
brokers to be their permanent Trustees. They
would either hold or sell their stock when SUBJ
scribed for, and their names could not fail to
be known. Besides, the Treasury documents
were always subject to the call of Consre
The brokers therefore issued their proposals in
conformity to those Of the Treasury, but no
man could have expected to be subscriber
and keep for any length of time under the
rose.
1t is certainly not correct view of the So
cial compact, to assume, that in time of pub
lie distress, the monied capitalist is under any
peculiar obligation to advance or risk his mon
ey by lending it to the country. Such an o.
legation is equally binding upon all who have
any money 10 spare, whether the sum be great
or small; and no reason can be perceived why
those who have property which may be con-
Vertcd into money, without material sacrifice,
should be excused from such contribution.
Those, therefore, who had neither money, or
property to command money beyond their fair
and ordinary expenditures, are alone entitled
to complain against their fellow citizens, who,
with themselves, declined becoming Public
Creditors. He only who is ' guitIess," is au-
thorized to " cast the first stonep
now sir take my leave of you and of those
who have condescended to read these letters.
In writing them have attempted to dis
charge duty to my native State, and to de-
fend the people against the ISLANDERS of their
Chief Magistrate. And though to Judge from
appearances some are more disposed to kiss
the rod than to vindicate their own honor, the
time will cone when the statements and prn-
ciples of constitutional law contained in these
letters; expounded by ADLER pens and under
more suspicious circumstances, will be APPROX
ed by all, except those who acquiesce in the
disgrace of the State, so long asst involves the
dlsparagement of their adyersares.-This vr-
ulent feeling cannot, trust, continue to be
the ruling impulse of great numbers of any
party.
For myself, | am aware that my enlistment
IN this defence, can be productive of no posi-
bic personal advantage. On the contrary, this
taking up Of the gauntlet in behalf of my par
ty, may seem to imply the admission, that /
am peculiarly responsible for the project of the
Convention, and other measures obnoxious to
! popular Jealousy and censure, and thus 10
sanction the odiousness which is attempted to
be brought upon my political character.-T
all this, | content myself with opposing my
simple negation, and appealing to the well-in-
formed OF my contemporaries of both parties
My political sins are those of Congresses, SEN
| ates, and Houses Of Representatives. ma
JOiAtJ VI tHC PSopiSS uFSt VI lHe OHlleu CldtGS,
then Of my native State and City.-Of my full
aliquot part of these | would nothing extcnu-
ate. and more should not be set down to me in
malice. have lived to see triumphant all the
principles of the great original FedcrH' party,
| OF which WASHINGTON was the head, and OF
which was an individual member though by
the perversity of the course of human affairs,
have survived the downfall of the party itself.
There is no prominent feature of Federal poll,
cy (unless the alien and scditicn acts be SC
regarded by means of Fictitious .importance)
which the ruling party has not found t:ell
compelled to adopt, and place in holder re.
lief The funding system Bank, navy, army,
loans, taxes, embassies, in short, whatever APP
pertaining to the civil and military establish.
nents was formerly theme ofopposition, have
been patronized, not merely as appendices
but essentials TO the machinery of government
All the hydras and chlmeras are transform
ed into goodly shapes and proper agents.
And not question has been decided, nor al