Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1837-05-12

ACTUALLY eAlSteu, anu lS now bCiuuiy eAiSt-
ing, the treasury order has been and now is,
productive Of great distress. 1t acts upon
state Of things which gives extraordinary
force TO its stroke, and extraordinary point
to its sting. 1t arrests specie when the free
use and circulation of specie are most impor-
tant; it crippes the banks at moment when
the banks more than ever, need all their
means 1t makes the merchant unable
to remit, when remittance is necessary
for his own credit and for the general
adjustment of commercial balances am
not now discussing the general question,
whether prices must not come down, and ad-
Just themselves anew, 10 the amount Of bull
lion existing in Europe and America. |
am dealing only with the measures Of our
own government, on the subject of the cur
rency, and insist that these measures have
been most unfortunate, and most ruinous on
the ordinary means of our circulation, at
home, and on our ability Of remittance a.
broad.
Gentlemen, hold this disturbance Of the
measure Of value, and the means Of payment,
and exchange, this arrangement and, if |
may so say, this violation of the currency,
to be one Of the most objectionable of polit-
ical faults He who Jumpers with the cur
rency, robs labor of its bread He panders,
indeed, TO greedy capital which is keen
sighted, and may shin for ITSELF but he beg
CARS labor, which is honest unsuspecting,
and too busy with the presentto calculate on
the future. The prosperity of the working
classes, lives, moves. and has its being in rs.
tabished credit. and a steady medium ofpay-
ment. All sudden change destroys it. Hon.
est industry never comes in for any part Of
the spols in that scramble, which takes
place, when the currency ola country is dis.
ordered Did wild schemes and projects ev.
er benefit the industrious Did irredeema-
bic bank paper ever enrich the laborious2-
Did violent fluctuations ever do good TO him,
who depends on his daily labor for his daily
brcad2 Certainly, never. All these things
may crafty greediness for sudden gain, or
the rashness of daring speculation; but they
can bring nothing but injury and distress to
the homes Of patient industry and honest la
Dor.
Who are they that profit by the present
state of things? They are no, the many,
but the few They are SPECTATORS brokers,
dealers in money and lenders Of money, at
exhorbitant interest Small capitalists are
crushed, and their means, being dispersed as
usual, in various parts of the country. and
this miserable policy having destroyed ex-
changes they have no longer either money
or credit
The executive control over the currency,
this power Of discriminating, by treasury or
der. between one mans debt and another
mans debt. is thing not TO be endured in
free country; and il should be the constant,
peIsisting demand OF all true Wings" res
cind the illegal treasury order. restore the
rule Of the law, place all branches OF the rev.
enne upon the same grounds, as TO the means
Of payment make mems rights equal, and
leave the government OF the country where
the Constitution leaves it, in the hands OF
the representatives Of the people in Con-
gress" This point should never be surren-
dered or compromised. Whatever is estab.
Iished, let it be equal, let it be legal Let the
men know to-day, what money may be re-
quired Of them tomorrow. Let the rule be
open and public, on the pages Of the statute
book, not a secret in the executive breast
Gentlemen, in the session which has now
just closed, have done my utmost 10 effect
direct and immediate repeal OF the treasu-
ry order.
| have voted for bill. anticipating the
payment of the French and Neapoitan in
demnifcations. by an advance from the
Treasury
have voted with great satisfaction for the
restoration of duties on goods destroyed in
the great conhagraton in this city.
have voted for deposite with the States
of the surplus which may be in the Treasu-
ry at the end Of the year. All these meas
urts have failed. and it is for you, aud for
our fellow citizens throughout the country,
TO decide whether the public interest would,
or would not have been promoted by their
success
Wings Of New York! Patriotic citizens
of this great ropolisl-Lovers Of consli.
tutional liberty, bound by interest and aiiec-
ton 10 the institutions of your country,
Americans in heart and in principle You
are ready, am sure to fulfil all the duties
imposed upon you by your situation and de-
manded Of you by your country. You have
a central position; your city is The point from
which intelligence emanates and spreads
in all directions, over the whole land
Having fulfilled then, on your part and on
mine, though feebly and imperfectly on mine,
the Offices of kindness and mutual regard, re-
quired by this occasion, shall we not use il
10 IA higher and nobler purpose2 Shall we
not by this friendly meeting, refresh our pat
riotism, rekindle our love OF constitutional
liberty, and strengthen our resolution of pub
llc duty2 Shall we not in all honesty and
sincerity, with pure and disinlerested love of
C,OuntrV os Ampricons IooL ;nr haoL - a. .