The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1837-09-05

nine tenths of the whole business of9the country
is done, and if continued, must be done ;--thnt
whole system would be broken down and ami
h9ted. In the nature of things, it must give to
the Executive q corrupting and controlling infu-
ence IN all our elections to the present almost IT.
resistible influence of Executive patronage 1t
must add force which nothing could resist 1t
is impossible to imagine the wide spread desola-
ton, which such an establishment would carry
over the country. None of the visitations OF
God upon the children of men, in the awful dis
pensations of his Providence, would be so great
calainity-Neither war nor pestilence--no nor
mn invading and conquering army, however bar.
barous and desoating in its course, would leave
behind them, the country, overspread with mon
uments of universal ruin.
TREASURY BANK.
10 rs no longer to be doubted, that IL is q,oso the
settled purpose Of The administration, instead ofrc-
tracing their steps, and correcting their errors, to
ndG to them The enormous crime against the eoatyy
Of imposing upon Il a Treasury Bank. tfaugM ,oiM
all The euiis and more than all to achich hare al
luded Instead of national currency, we are
not to have even the substitute which the local
Banks would furnish; we are to have no cur
rency at all I; not specie, for that will be taken
from circulation and locked up in the Treasury
Bank; not paper, for tho banks can circulate
none. ..F
.s# THE PROOFS.
Now does any one here doubt, whether it is
the purpose, the settled purpose, of the admins
traon, 10 establish this Treasury Bank ? If SO,
let him read the articles published in the New
York papers, and by the Administration Press in
various parts OF the country, written by Hon.
Silas Wright, in which the project lis distinctly
proposed, and its adoption urged upon the Gov
eminent And who is Mr. Wright? He is the
Senator of that State in the Senate Of the United
States; he is the friend and confidential adviser
of Van Buren,, and no doubt writes these articles
to order, and in concert with Van Buren,. They
are the signal to the Parry of what is intended by
the Administrations and to rally and unite them
in its support. But what leaves no room for
doubt are the two letters recently written by jack
son TO Blair, on the subject, and published Enough
marked confdental) in the Globe. These let
ters fully imply. rather take for granted, that
the project is adopted by the administration. He
says; l am proud to see the firm and noble
stand taken by he Executive Government on this
OCCASION" These letters were not written, as
conceive, to overawe to influence Van Buren,
uor he is heart and soul i'll this project,) but to
give it sanction which VanBurens recommend
alton alone would not give il. In recommend
ing the project to Congress, Van Buren, sis to
stand before. that body clothed in sthe mantle Of
Jackson.
s.. ..Nea .i- PHE REMEDY.
1t has now become evident that nothing can
save the country from impending and total ruin,
bu, change of rulers,--for its present rulers are
bent measures that will and must consummaie
that ruin: measures which, bad as they now are,
will make their condition ten fold worse; for
there is wide distance between the present
state of things, bad as is, and that fright ruin,
which these measures must and will bring and
fix upon the country.
A LONG STORY CUT SHORT. Gen, Jackson
from his enlnity to sBlle determined to destroy
the U. S. Bank, which brought three hundred
more banks into the field without restraint. Our
indemnity money ordered home in bullion
"a large part of our surplus revenue ORDER
ed turned into specie and locked up in the pet
banks. An order was put forth, that no more
land should he purchased except with Specie,
which was locked up in the land offices. The
hank of England became alarmed at seeing the
specie all leaving her vaults. She cut off her
credits, and curailetl her discounts-this knock,
ed down the price Of cotton one half Ourmer-
Chants who bought this cotton here Mt l6 cents
and sold it in England for 8, were ruined, and
left in debt fifty millions, which deficiency, tho
banks were called on to pay in specie. The i'm
mense sums of notes issued by the 300 new jack
son banks went to build railroads and support
land spectators and when the banks were cal
led on for specie to pay the merchants in En-
gland. they could not meet the demand-the
the bubble burst and HERE WE ARE Nd
ioaaal Gazette.
"A aiasism Gen. Mnrpey of Ohio, in speech
recently delivered i'm Ohio upon the, times, the
causes of the pressure, Sc. abiding TO the rum
which msgovernment had brought upon the
country. and the comparative case with which
the people might have adverted it, said" They
staid at home that they might save the profits of
day s labor, when, by going to.the polls they
could have saved the hard earnings Of twenty