Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-06-27
From the Boston Atlas.
lNpORTAN I LETTER OF MR.. SENA-
TOR KALAMAZOO.

lNPORTANr LETTER OF MIR. SENA-
TOR KALAMAZOO.
We would call particular attention to the
following very important and interesting letter
of Mr. Senator Tolmad &c of n. York, which
NC find IN the Albany Evening Journal. 1t
really gives us new hope. When men occu.
pying The position of Mr. TAllmadge come out
IL such direct and open opposition TO the lead
ing doctrines Of the official journal of the Gov
ernmen--We are encouraged TO believe that
true prin pies will yet again prevail. The
truth is that Loco Focoism-ultra Jacksonism
utter anti Bankisn-is mserably weak in
tins country. 1t makes no head way. The
party comprises Martin Van Buren,, General
Jackson, Thomas II. Benton, Eli Moore, G.
c. Camhreleng, the editors of the Washington
Globe, Y. Y. Post, and n. Y. Examiner-and
some FIVE thousand intelligent individuals con.
gregatcd az The Five Points. This Tells all the
strength OF the party. These men shout for a
Metallic Curroncy-the destruction Of credit
and attribute all the distress TO the Distnbu-
ton Bl--but they find no response among the
intelligent men of their own party.
With degree of independence highly cred
table, because uncommon among the leaders
OF the party TO which he belongs, Mr. Tall
madge repudiates the insane folly OF Loco Fo-
coism, and rebukes the monstrous doctrines of
the Globe. H tells us that the distribution
bill was wise and salutary measure that
the recourse TO an exclusive metallic currency,
II d. were practicable, would produce desola-
lion and destruction from one end Of the Union
TO the other and that the system of credit is
the distinguishing feature between Dcspotsm
and Liberty, All this is in the very teeth of
the doctrines daily put forth by the Globe
His views in regard TO the Small Fill crcula-
tim nj the Stotp "a an merit at nrJ no
ticularly where they allude to the absurdity Of
requiring the people TO transact their busine IS
in currency that cannot be had.
Every one should read the following letter.
Such of our subscribers as have Van Buren,
neigbbors, or are themselves Van Buren, men
will do well to preserve this paper for their pc,
rusal:
poueuKEEPsIE, June 6, 1887.
To the editor of the Argus:
Dear Sir-i have Just seen the comments oil
the New York Evening Post on the meeting
held at Poughkeepsie, in relation 10 the ISSUE
of small bills by the banks and beg 10 cor
rect, through The columns of the Argus, the or
rors into which the Post has fallen. 1t is true
i signed the notice for such meeting and, al
though did not attend it, approved then, a,
do now, of its object, which was very differ
cnt from that represented in the Post. TIL,
object was not 10 repeal the law prohibiting
the circulation of small bills, but TO suspend
its operations during the suspension Of SPECIE
payments. | was one Of the earliest advocates
for prohibition Of the small bills and | be
llevc the measure recommended Ivy the POUCH
keepsie meeting is the surcst means of preser
wing that law. Without its suspension durin!
the suspension OF specie payments, there i
much danger that the Inconvenience felt b.
the whole community for the want of smal
change, will beget very strong feeling in tn
public mind SgNinst the law itself, which ina,
be carried into the next legislature, and caus
total repeal instead of a suspension of it.
may Insjudge in this matter, but know thi
TO be the deliberate opinion OF many of tn
warrnest friends of the original passage of tina
act; and that the mode recommended by in,
meeting was deemed The best means to pre
serve the law, and to give full effect 10 its pro
visions on the resumption Of specie paynlen
by the banks. Already these Inconvenience
are felt, and already is the country floode
with small bills from the adjoining states.
cannot appreciate that policy which would in
crease our circulation by spurious circulation
from abroad, instead of giving 10 the commu
nifty the bills of our own banks, which are un
der our own control; of whose solvency W
have no doubt, and for the safety of whose is
sues ample provision is made by our own laws
There IS, TO my own mind, also an inconsis
tency IN authorizing the suspension Of speci
payments by the banks, and, al the same tim
requiring The people 10 transact their bushes
~ currency that cannot be had, and whic
they cannot IN any way command That thi
is true is oylnced hy the fact that specie is no
n circulation fIr small chlnto, and that III