The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1837-10-10
From the N. Y. Commercial Advertiser


Treasury bill, which one Of the best, IN every
respect, that has been heard in Congress for years
lie wishes TO postpone the consideration OF INC
whole subject until the regular session mat pc
sins in December; and he made motion to that
effect The state bank system is no iavorle with
him; iand the arguments adduced by the advocates
of the Sub Treasury schemes have frightened him
from giving his aid and influence to the establish
inent Of that project. He conended that the state
bank experiment future from the iirst-lt
never succeeded in the smallest degree and (mak
ing different application of the terms lately used
in the letters which General Jackson Numbered
from the HcrmitageD he declared that never were
porfdy, treachery, and fraud exhibited in the
history Of the world, than were exercised to re-
commend this system 10 the people
He proved these charges by numberless citations
of we'll ascerained facts;-and showed that the
whole system tended only to benefit the wealthy
capitalist and shrewd specuator; and that their
profits were wrung from the hard earnings of the
people. He compared the conduct ofthe ant-banli
men OF 1854 to some great temperance apostle who
would break up one large and respectable gro
Gerry IN Chestnut street and establish IN its place five
hundred little grog shops. He said that those
who denied that the state bank system had failed
must admit that those institutions had hard time
under the auspicies of their executive patron. He
sincerely believed that If the late President had
kept his hands Oft he had not been continually
screWing them Into conformity with his eXtraordI-
nary financial notions, they would have done
much better. But he maintained that they never
would have answered the purpose of fiscal agents
perfectly.
Mr. King commented with great severity upon
the statement doctrines and reasoning of the Pres
dent's message. He said he never
tonished at any ihing that the statement of the
of our existing embarrGssments and distressos
by President Van Buren,. There is not (said he)
one solitary fact among those stated i'll the message
as the basis OF eXenPtlng the government from
blame which is true! He did not of course speak
thus o4cnsively-but he maintained that the Prcsi-
dent had not taken pains 10 inform himself of the
facts. !Ele seems" (said Mr.. K) ''to have galher
ed notions about these from stump speeches,
newspapers, and quack politicians, and scraps OF
defamation extracted from the correspondents on
the other side of the Atlantic that took place in the
ola contest between the Bank of England
for monopoly and the provincial banks for exs-
istencc."
He thea took up this part Of The mossage-rcad
passage by passagG-und commented upon it with
great pungency and evident high guso. He tore
TO pieces and tramp!od under foot the argument of
MIR. Van Buren,, that the policy of this government
had not brought upon the country its present en-
barrassments, because similar disorders had occur
red in Englund well as here. This reasoning
MIR. hInS compared to that of the great phi!oso-
pher, who stumped his toe Que night and then
rallied at the Deity for not causing the sun to shine
at night-ior, reasoned the sage, in the day we
would have light enough withuoi the sun.
1t never occurred Ito him that the the
cause OF the light of day-und So observed Mr.
king, it never occurred to wise inancior at the
head OF the government, that arc mainly the
cause OF all the mischief that has been produced in
England lie contondod that the greatest part OF
the distress in England, the suffering ola cred
lor who could not obtain the payment Of his debts.
AND he went into number ofdotails, which con-
not even allude to, to prove his emphatic assertion,
that the matters Of fact which have gone abroad
under the signature of the President satisfactor
lily explaining the of AFFAIRS are 100 3 per
cent. away from the truth.
Mr. King condemned the whole financial policy
OF the adminlstration--the warfare the Bank of
the United States especially. He denied that that
institution had eyer intorfored with the politics of
the nation, in any way whatever-and he chaIleng-
ed Senators to the proof In connection with this
topic, he referred to remark of Mr.. Calhoun on
hn
employment to the Bank of the United States of
Pennsylvania the fiscal agent of the govern
ment-bocause that would be a triumph over the
government.
lie said ne was astonished and shocked at the re-
mark "Who is the government" he exclaimed
~ thought Congress was part Of it at least |
Ii the representatives of the people determine TO
make THAI bank fiscal agent of The government. |
now Is triumph over the government Are tho |
p%eopse not tho governors What government does
the Senator refer to? That OF the Hermitage? or |
that of the White House? And is if possible iI,nt
because Of an apprehe that the measure would
be regarded as triumph the inmates of either
OF those mansions, the Senate of the United States
are told that they ought not to employ particular
institution The blood of rs must evaporate be-
lore such doctrines can be tolerated" "Sir," he
exclaimed in tones that came from the heart ''more
gray mars haYe grown upon republic within the
last Tour years. than ought TO have appeared there
Tor century"
= Mr. King, in conclusion declared that he had
FOUND 1t necessary to take his stand against this pro-
gtesslVe march OF executive power and patronage Il
III regard to the finances of the nation The finan-
Ges, ne maintained, ought to be submitted to the
hes'saturo-and that it become the Executive to
consult and follow, not to lead. No country could
I'VE under Executive fnancering and it, in this
matter, said Mr. King the present Executive should
Lreaa IN the footsteps of his predecessor pledge
sci 10 use my best endeavours to ostle him out
"lIee says, that, although the times are ap
oaren.ly gloomy, "the country abounds in all the
1eod are and uxuries of lifo. Blair pokes his
lead into the Kitchen and mistal<inp that G,r ,bn
country thinks that The Whole land is iIled iib
cast beef and drippings We once heard of a trav.
n nS at pennsylvania hotel, who rose from his G
y looking out upon the sky thrust his head ,hronab
ne glass window of a cupboard "Iandlo,d71;; n
ned the astonshed man, ''this is verv singniar "
cheese ~ N''" N"'e'tS y y
inc Alexandria Gazette says-As the States are
to be chouSed out of heir October nsaIment NJ