Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1837-07-28
VOL. XI--No. 527

| forced operation to get specie INTO the
country. There was now forced opera
ton to keep it here, which, like most quack
most runs, aggravated the disease 1t pro
fcsscd to cure. Against the clearly ex'
pressed will of the Senate, the President
issued The celebrated "specie circular by
which it was ordered that payments tor the
public lands should be made in specie. u
was thus drawn in large quantities FROM
the Atlantic cities, where it might be wan
ted to sustain pressure, TO the west,
where, to great extent, it would be as
useless TOR that purpose, as 30 much lead or
iron. The pressure came; and 1t came
upon an amount OF specie in the Atlantic
cities, diminished by 50 much as 1t had
been thus drawn eff, and accumulated IN
the wes'. The amount thus unwisely alb
stracted from the place where 1t should
have been, might, If left there, have so
far satisfied the foreign demand for spe-
Gle, as to have saved the panlc--the run
upon the banks and their fiua suspension
Of payment. If it had gone to England,
it would have answered the purpose of pay
ing part of our debt while, by relieving
the pressure there it would have raised the
price Of cotton so as to have aided ma'eri-
} ally in the payment of the remainder
, The folly ot the administration locked 1t
up in the western deposlte banks, and thus
precipltaed the calamity with which the
great experiment for INCREASING EXEcU-
, TIVE POWER had long threatened the
} country.
| And now we ask --who can soberly re-
e view the history of the experiment. with
: out feeling, beyond the power of resistance,
g conviction that it has produced the ca lam
y ity which now overwhelms the country
= How vain the attempt TO resist this con-
J, vcion by attrlbnting the result to over
banking, and over.tradlng merely. Tbe
fire has burned the city but who kndled
it and famed the flame The proldgal
wasted his estate, and came TO want but
where was the wisdom of the father who
gave hun the estate and told him to use it !?
The Banks--cspeclally the government
favorltes have over issued, and men
have over traded and overspeculated. But
}. where was THE GOVERNMENT, which 10
J. invested, expressly, with the power to
ir regulate the currency of the country, that
1T t did not restrain, rather than stimulate,
It these tendencies It's chief magistrate
y was making a GRAND EXPERIMENT TO
:. AUGMENT THE EXECUTIVE POWER! The
Z. lights OF forty years experience clearly
xt showed that the course from which the
administration sought TO force the country,
X was The course of safety and p7osperlty.--
IE These lights were UNDECIDED. The warn.
is ings of sober. conslderate statesmen were
TX sounded in is ears. They were desplsed.
1t The voice of the immediate representa-
Is tlves Of he people in Congress was raised.
h 1t was disregarded. The GREAT PUR-
POSE was not to be Abandoned That
lc purpose was INFLUENCE and POWER.
's 1t was not enough that the immense
1t power of removal and appointment had
If been converted from public trust, into
!" erecutire property, and that. thereby in the
u progress of the mlscalcd reform. the Press
- had been sub.ldIzcd-the freedom and
=, purity of elections restrained and corrupted
the legislation Of the states controlled,
~ and the deliberations of Congress subjected
- to the influence and its decisions put down
BY the VETO. Of the great Reformer. Nc.
Is The MONEY POWER must be secured,
&c to fill the measure of an all grasplng
Is ambition. Fatal experiment to the coun-
IL try! But more fatal, we would fain hope,
to the Dynasty by which it was concel-
;, we'd and executed. Fatal in this sense,
III surely it will be, if the people are not
y lost their scn>ibIluv to truth, and their
}" .ovc of honest, and manly independence.
And now what shall be done in this
~ great emergoncy' To remain where we
III are, is out of the question. A remedy
'e mast be devised. or the country sinks into
. irre,ricvablc ruin. TO this question there
VI is, to our apprehension, very plain and
= satisfactory answer. We must do ust
| oh Il, ,uI, nah
: led bv an lgnis ia'uus, out of plain, bea-
le ten way. into bogs, and mire. and quick
Is sands We must GO BACK. Chris
tan and llopctus duty was not palmer.
u They escaped the clutches of Giant Des-
,e pair got over the style, and went on res
iolcing. We must get out of the hands
= Of the Dynasty which has deceived us, and
'e return to the good old way from which we
= have departed.
IL And who can thldk of the pure, and up
: right and unprctending administrations
'o which preceded that OF the "Ref6rmer,"
- without signing to return, Who can res
member the sound and convenient cnrren-
~ cy winch we once had, and the steady on
~ ward advance of national prosperity which
! accompanied it. withou, feeling Of pain,
j. on looking at the height from which we
u have fallen. and surveying the misery
W which, every where, meets our eyes
y Fellow citizens, we want REAL RE-
~ FORM A reform which shall really correct
" the abuses that hare brought the patronage of
" the government into conflict with the freedom
ar Of elections" and which shall operate as real
he "counieraction of those causes which hare
or disturbed the rlghtful course of appointment,
OF and placed and continued power in unauh-
1 fil mr. al nj Dc