Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1837-05-19
u5- The u. S. GovERNMENT-FAILEDi THr
TREASURY BANKRUPTl

What will our gold and silver politicians say
to this. The government cannot pay its debts
in the constitutional currency, and has there
fore failedi Not a cent of Specie can be had
on claim against government, in Boston, N.
York, Philadelphia or Baltimore. Is there any
"pressure which any honest man ought to re-
gret''2
A gentleman direct from Boston informs us
that Hon. j. q. Adams had just returned from
the South, and reports that all was confusion,
and the government unable to pay the troops
or any body else except in Rag currency. He
says Congress must be Immediately convened,
Notwithstanding the objections which Mr. Van
Buren, makes.
II will be recollected that the government, TO
carry out the humbug, imported gold from
France for the payment Of the indemnity at an
expense of about ten per cent, instead Of draw
ing for it in the usual way, which loss Of course
eventually falls directly upon the claimants in
this country. Ofcoursc every individual claim
ant ought to receive the specie for which he has
been made. to pay, if he prefers it. One install
ment is now due, and the Secretary has adver-
tised that it would be paid. A gentleman in
Boston called within few days at the Deposit
Bank for his share, and il was rendered in bank
bills. He replied that he wished for specie
The Bank told him that he could not have il.
Said he, hare paid for Gold and demand
IL. He was told it was impossible to give it to
him; and as he was in need of the money, he
was compelled TO take bills, which he consider
ed as rirtuaiiy compromising a claim on The
government for 80 cenis on The dollar!
Still the government demands its dues in spe-
Gle at the Custom Houses, Post Offices, Sc
The Neic York papers say that the Postmaster
there has received orders to take nothing else.
In Boston the Collector declared he would not
undertake TO enforce the demand. He would
sooner forfeit his bonds and his Office. The
Philadelphia Herald says, eve regret to learn
that the government officers in this city yester-
day refused 20 receive the bills of the DEPOSIT
BANKS and demanded specie in payment of
bonds due 10 the United States; ichiie as agents
Of the United STATES, they REFUSED TO PAY
PUBLIC DEBTS IN SPECIE. II is a poor rule
that will not work both ways"
The two little deposit banks in the District
OF Columbia give notice that they shall hold out
and continue to pay specie, while the other
District banks have suspended. No doubt if
government is disposed to bring all its power
and resources to bear, they can sustain these
small Banks-but it is impossible for them to do
it in regard to all the deposit banks,-indeed
they have suspended in all the principal cities
already. All the teams, and steamboats,, and
railroads in the Union, could not transport spe-
Gle fast enough from the west (,chere IL is
safely sfo,ced a,cay, by the FORESIGHT and
WISDOM OF eovERsMEST) to supply those of
the city of New York alone. Where now is
the boosted specie of government where Mr.
Webster said it was-in bank vaults; and if
those banks all suspend specie payments, what
good will the specie do the government