The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-09-28
WE HAVE NET THE ENEMY AND WE ARE THEIRS.
MR. CALHOUN AND THE NATIONAL
ADMINISTRATION.

ADMINISTRATION.
The Boston Post, by its correspondent,
makes the following remark -
"The administration can afford to give away Maine
and Rhode Island il il gets John G. Calhoun in return"
Now according to our reading, history will
tell the story, not that the administration has
got Mr.. Calhoun, but that Mr.. Calhoun has
got the administration, Tin return for Maine
and Rhode Island, If the Post will have il so. J
For any man who will read the subjoined ex-
tract from Mr.. Calhoun's speech in the senate
in 1884, will perceive that it is an indisputa-
BILE fact, that the administration has come
round to the precise expedients to which Mr..
Calhoun then said it must come, and has ac-
tually adopted TO THE LETTER, the whole
system, and nothing but the system, then con-
tended for By Mr.. CALHOUN. The reader
viii observe, that Mr. Calhoun then said, the
administration must DIVORCE the govern
ment and the banking system" must refuse
all connection with banks" must neither
receive nor pay away bank notes" must go
back to the old system Of THE STRONG Box.
and Of gold and silver" Hence we say, and
have right to say, that the administration
has not got Mr.. Calhoun, but Mr.. CALHOUN
HAS GOT THE ADMINISTRATION.
Why is it to be wondered at, that all the old
standard democrats, who stood by the admin
istration Of JACKSON against this old system
Of the strong bor, and Of gold and SLIDER" in
1884, and against Mr.. Calhoun, who was
thus debating policy to the administration
which it then resisted, are now willing thus
to be captured by Mr.. Calhoun!
The following is the ertract from Mr.. Cal
houn's speech on the removal Of Tie deposites
in 1884, to which we have alluded
$50 long as the question is one between Bank Of
the United States incorporated by Congress- and that
system Of banks which has been created by the will Of
the Executive is insult to the understanding to dis
course on the pencious tendency and constutionalty
Of the Bank Of the United States To bring up that
question fairly and legitimatey, you must 60 one step
fnrther-you MUST divorce the Government and the
banking system. You refuse all connection with
banks. You MUST neither receive nor pay away bank
notes: you MUST 90 back 10 The old system Of the
STRONG BOX, and Of GOLD and SILVER. If you have
right TO receive bank notes at ALTO treat them mo-
ney by receiving them m your dues, or paying them
away to creditors-you have right to create bank.
Whatever the Government receives and treats mo-
ney, 10 money and if it be money, then they have the
right under the constitution, to regulate it, Nay, they
bound by high obligation to adopt the most eff
cent MEANS according to the nature Of that which they
have recognized money, to give it the utmost stabii-
ty and uniformity of value. And if be in the shape
Of bank notes. the most efficient of giving those
qualities is Bank OF the United States incorporated
by Congress. Unless yon give the highest practical
uniformity TO the value Of bank notes, so long you
receive them in your Dues and treat them money,
you violate that provision Of the constitution which pro-
vdes that taxation shall be uniform throughout the
United States. There is other alternative, repeat,
you must diporce the Government entirely from the
banking system, not, you bound TO incorporate
bank as the only safe and efficient means Of giving
stability and uniformity to the currency. And should
the deposites not be restored and the present illegal
unconstitutional connection between the Executive and
the league Of hanks continue, shall feel il my duty, if
no one else moves, introduce TO prohibit
Government from receiring touching bank notes IN
any shape 1hateoer the only means left 81 giuing
safely and stability to the currency, and saUing the
country from CORRUPTION and RUIN"
Extract from the bill of the Committee Of Ways
and Means, relative to the sub-treasury system
Sec 4. Be It further enacted That said officers
spectively may be allowed any necessary additional
expenses for clerks, CHESTS, VAULTS, or
other necessary expenses Of sAPEKEEplNG, &c, said
moneys