Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-05-16

force. Here again the Representatives Of the
teopIe IN oo'h Houses oil Congress, by ma
Joritlcs almost unprecedented, ehdeh'ored 10
ABOLISH ms OBNOXIOUS ofder on hardly any
subject indeed, has opinion ben so unan-
imous, either IN OF out oil Congress Yet the
order remains.
And now, Gentlemen, ask you and ask
all men who have not voluntarily surrendered
all power and right OF thinking FOR themselves,
whether, from 1882 to the present moment,
the Executive authority has not ciiectuahy
suspended the power OF Congress, thwaHed
he will of the representatives. OF the people,
and even of the people themselves, and taken
the whole subject OF the currency into its
grasp2 In 1888, Congress desired 10 continue
! me bahh VI tno chneu I9'a'es' anu inalofity
Of the people desired IT also, but the President
opposed 1t and MS WIN prevailed. In 1888,
! Congress refused 10 move lne depostes ;-tne
President fesolVeq upon IT, however ana MS
| VIII prevailed Coh gross mas never oeeh VIII
ling 10 make bank, founded on the money
and credit oil me government, ana ADMINS
tered OF course by inc Executive hnnds out
this was the Presidehts OBJECT ana nc attain
ed il, in great measure, by me treasury &C.
lection OF Opposite BANKS IN tms particular,
therefore, 10 great extent, MS WIZ prevailed
In 1886, CongIess refused 10 connne the re-
ccipis for public lanes 10 goid ana sllver;. bur
the President wlled u, ana MS VIII prevailed.
In 1887, both Houses Oh congress, ny moro
y than two thirds, passed bill Tor restoring the
former state of things by annung the Trens-
ury order; but the President willed, notwitli-
standing, that the oroer should remain IN
force, and his VIII again prevailed. repeat
the question, therefore, and L would put 10
earnestly, 10 every intelligent man, 10 every
lover OF our constitutional l'oerty-arc we IN
der the Dominion oil tne Law OF hos the ell
teciual government Oh tne country al 'east m
all that regards Inc greatest interest OF tho
currency, been IN single hand
Gentlemen, | have done with the narrative
p, Of events and measures nave done with
The history OF these successive steps IN tho
, progress oi Executive power towards COM
plete control over the revenue and The cur
rency.
The result ls now all before u.s. These pre-
tended reforms, nose extraordinary exercises
of power from an exraoruinary zeal Tor the
good oil Inc pcopie,-"ha' ha'e they prouSis
US TOT
! In 1893, Inc currency was ueciored 10 10
neither sound nor UNIFORM proposition, IN
my judgment, altogether at variance with the
- Tact, because DO not relieve mere ever wa"
country OF equal extent, IN which paper
;, formed any part OF inc cfcu'auon, ,nat pos
sessed currency 80 SOUND, 30 uniform, so
convenient, and SO perfect IN ali respects, as
the currency OF this country, at nc moment OF
: the delivery OF nut '"essuSt," '9~9'
Provement oroush' Wn'i nus REFORM
/ done WHAT "as the great cry Tor haid mo-
ney accomplished Is tne currency UNIFORM
, now is monty IN new Or,ea's now as good
. or nearly so, as money ~ I've" ORR Are
exchanges az par OF oniy Ut 'he same low
/ rates, as IN 1873, ana o'her years Every
q one knows thai All Inc pehen's OF this exPer-
a linen', are out INJURY ana oppression all thlS
A reform nut aggravated o's''es'
And as TO tho so@na"ess OF ,he currency,
;, now Goes 'na' e'u"o ,oooe "1e . t', VI
d a'arLn iess now a;,an ~ 7. ,,a t n
- bank paper IN clrcuiai'on is theFe sess rear
! oil a general catastrophe Is property more
secure, or industry more certain OF lis rewardl
- We all know, gentlemen, mat during all THIS
y. pretended warfare against all banks, banks
u have vastly increased. Millions upon millions
. OF bank paper have been added TO the crcula-
ton. livery where, and no where so mach as
where the present administration, and lis mea-
sures have been most zeaionsiy supporter,
-, banks have multiplied una state authority,
. since the decree was made that The bank OF
= the United States should be suffered 10 expire.
u Look at Mississippi, Missouri, Louisiana, Vir-
~ ginia and other States. DO we not see that
7 banking capital and BANK paper, are enormous
= ly increasing? The opposition 10 banks,
Il therefore, so much pTofessfd, wncther II be
- real, or whether II be but pretended, nag not
:, restrained either their numeer or Their issues
I, Of paper. Both have vastly increased.
"a And now, wora OF t"o' Eenuefneh, upon
N tins hard money scneme, ana mo 'ancies ana
+. the delusons TO when II mas gwen oIrth'-
Il Gentlemen, this IS SUBJECT oil delIcacy, and
d one which 1t is difficult 10 treat win sufheIent
~ caution, in popular and occasional address
70 like this. profess TO DC a outtont''' IN Tue
- usual and accepted sense OF lhe term. am
!, for solid specie basis Tor our circulation, ana