Maumee express. [volume] (Maumee City, Ohio) 1837-1838, 1837-06-03

banks has so operated on that financial
action. as to leave the Government no
alternative but to assemble Congress-
Let none of the followers Of Van Buren,
raise the cry that the President has been
induced to take this step by sympathy
with suffering and impoverished peo-
ple. No such thing. He did look on
and he would have continued to look
on the peoples distress without ever ex-
tending hand for relief or protection.--
1t was not till the embarrassment reach-
ed himself and his admirers, that he
consented to call together the nations
OBSERVATION-DISCLOSURES he could not
do without them.
1t will become very early the duty of
The citizens of those states whose repre-
sentatives are not chosen to take steps
for an election in time for this extraordi-
nary session. Every good and active
citizen oughtimmediately buckleon his
armor, and prepare for the coming con-
test. We are on the eve of a great bat
tie, which will be fought in the halls Of
the capitol, as well as before the people
themselves, and in which the WINGS will
contend manfully for the ascendancy Of
those principles on which depend the
preservation of our free form of Govern
ment, and the restoration of peace and
prosperity to an agitated and afflicted
country. The subjects which will be
brought before Congress are of the most
momentous importance. A principal aim
Of the constitutional party will be TO take
the PUELIC PURSE out of the hands Of the
knaves and charlatans, and put il under
the control of Congress, as the constitu-
ton did-and where it remained safe
and unharmed until seized upon by An
drew Jackson.
The Government has been forced to
abandon the ground it assumed in regard
to the three requests of the New York
Deputation, and done exactly what it
declined to do! The President refused
to call Congress together-and yet he
has called together, He relused,tol
repeal ormodify the Treasury Circular
but the Secretary has just issued an
order which does in effect repealit and
finally, he has granted an extension of
the the time for the payment of custom
house bonds. The whole Cabinet are in
peck of trouble-they know not what
to do. In their dsmay and confusion
they made desperate effort to bolster
up the bank of the Metropolis-the pet
at Washington. They proclaimed eve.
ry where, through the columns Of the
Globe, that the, institution would continue
tosmeet its liabilities by the payment of
coin. They put,several of the banks un-
der requisition for a supply of specie.
nay, even the Mint of the United States
was drawn upon to sustain this afapers
ed "Pet" But in the midst Of <
these boasts, a single instance Of their
emptiness occurred at New York; tol
which place a Treasury draft on the
bank Of the Metropolis was sent, accom-
panied with an earnestTsquest that pay.
ment should not be demanded at present.
The end of all their vaunted stability is
now come. Yesterday the bank was
obliged to suspend specie payment. The
expedient resorted to by the
financiers to deceive the
people into the belief that they could
meet their liabilities in specie, has turned
out to be utterly Ineffective and imprac-
icable. They cannot even maintain a
show of credit.
The members of the Government were
low bent on another expedient. They {
mean to convert the Treasury into a Sort
,f bank for the issuance Of Treasury
xarfaIfs from five and ten dollars TO the
argest sum. They fatter, themselves
his will yet save them from the conses
Iuences Of the experiment. 1t will not
10. Congress will take the matter into !
heir own hands. The people will no !
onger submit to be oppressed and i'm
ooverished by such a crew of ignoramu-
les and swindlers as had Jackson under
control, and as Mr.. Van. Buren, yet
Gems disposed to keep around him.
These events have given quite sir TO !,
Washington, generally SO quiet during
he recess. Brokers and spectators !
'oured into the city instantly as they .
eard specie-paying banks were there,-- ,
Fhe scenes presented at the banks ofthe J
detropolis-Qf Washington were anus
ng. Crowds all day long pressing for ,
he glittering treasure. ] will keep, you .
dvised Of all that happens. Y.L.A J
OPERATIoN OF THE EXPERIMENT IN
)HIo.-We meet with the following ia ,