Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-09-13

From eur Evening Edition Of yesterday
From Washington.

Treasury Scheme" is the most ridiculous farce that
we can perceive, now floating like "Toubled me-
teor.n on the edge of the Southern sky. Since the
llrh Of May last when the villanous banks suspend
ed cash payments the self same scheme has been IN
operation by the government. what IS the conse-
puence? Why the government is even more embar-
rassed now than the country is. The commercial
classes are gradually recovering themselvesnot SO
the government. The public finances are getting
more and more in disorder
We would advise the opposition at Washington not
10 act as FOOLS Let the sub treasury scheme pass
both houses No one would be more disappointed
than Van Buren himself at such result. Or if the
blockheads of the opposition wont do that, let them
give further time on the suspended bonds, and there
STOP By doing this and not repeating the Dstrlbu-
ton Law-not authorizing Treasury netes-you will
place Mr.. Van Buren,, and his administration, in the
most bankrupt condition that band Of speeula
tors were in.
We believe John G. Calhoun is the only man in the
opposition who understands his position Clay's
Journey Philadelphia is only evidence Of weak
ness. One thing the opposition at Washington may
rely upon-thers is in this country, stronger hosti
Mty to the banks than 10 the administration. This is
the issue that will be joined next elections-and on
this ISSUE if the opposition don't take care, they will
be most signally defeated.
We hereby tell our candid, honest opinion, on the
state of the facts presented to u.s. for between any
party, wing, locofoco or conservative don't care
pin who thrashes or gets thrashed. We should like
to see the leaders of every party soundfy licked but
as to the country ITSELF it will prosper in spite of all
the powers Of hell.
From our Correspondent Rothsdlad No. XVIII
WAsHrNaroN, Sept 10, 1887.
The measure of sub treasures is decidedly anti
republican. II will be equivalent to declaration by
the government that it has faith in its citizens.
What the government does, will be done by mdlvid-
uals. No system, however strong its bold upon the
customs and manners of people, can Withstand the
powerful attacks of selfineres In all social states,
Of nation, the binding cement IS SELF By adopting
the sub treasury scheme the elements of this all
ruling passion will he disturbed and set in notion
The government says-I must take care of my self
The people will say-we must take care OF ourselves
In the working of this one principle, in different
spheres the most violent actions will take pace-the
utmost confusion will be the result. How-in what
way7 Any man who has ever bought or sold the
simplest article Of merchandise can answer
If the government erected by the people and sus-
tanned by it voluntarily will put no faith N the hon
esty and integrity of the citizen, but require at his
hands, before his goods are delivered the imposts
upon them in the precious metals, how can we expect
the existence Of faith between man and man? In the
contest that would ensue, under the non-exstence Of
credit for the possession Of property to which class OF
men would the victery fall Is there any one SO lg
norant as to imagine that the poor and industrious
would gain IT? Is IT not eyoent to the uaprclldlced
mind that the poor would be thrust aside, and that
the rich would become rcherl Have we not the
tual condition Of the Austrian and German govern
snents, Of Naples Of Prussia, and OF Russia TO
show US the true operation OF the system now pro-
POSED by the President of the United STATES Do
we not see in the wretched condition Of the lower
classes, under those enlightenod governments, the
full and satisfactory results of the practice now 80
earnestly pleaded for by rulers2 There is not
ycstie Of credit between these governments and their
yassals Imposts and taxes Of the heaviest descrp-
ton are wrung from the hands of the people the
very instant they accrue and that 100 IN the precious
metals.
And are these countries republican, Is there SIM
gle sprg of democracy to be found In the soil over
which those tyrannies exercise swayl Ask the revo-
luttonsts Of Naples, Piedmont Switzerland, the Ger
man prncpaliiies, or Of oppressed Poland. And yet
Martin Van Buren,, in this enlightened day, proposes
the very system that now holds in bondage millions
ofnuman beings painting for liberty, and grooming for
the free exercise Of thought and action. Let the
American farmers beware. Let the American labor
ers beware. If the subtrcasury scheme be once es-
fablished with Their consent-ii the credit fofmerly
subs stent between the government and the citizen
be cut off, by demanding gold and silver exclu-
vely for the mposis on commerce you VIII never re-
cover your liberties without resort to revolution
The abuse Of the banking system does not argue
against It's right use. As well might we argue against
liberty because il liable to abuse. To ENJOY iber
ty we must make large sacrifices To ENJOY the
blessings Of the banking SYSTEM we must yield
much to the institution. Nothing be more orci-
bic than Mr. Van Burcn's disclosure of the ills OF
banking But would he have as destroy this great
institution, long snse, truly called the offspring and
afterwards the foserer Of hberty-to put ourselves
snder the iron sway Of the dcspots great lever the
gold and silver regime2
WHY did he not recommend a National Bank 10
be founded on our oHn vast resources on our orn
credit,-a National Bank that could efiecmally pro-
vide currency uniform for the twenty six states Of
N,e confederacy} Experience could have thrown
round sxch an institution safeguards and restrictions
that would have placed its management entirely be-
word the influence Of politics. In whom should
free coyernment reposc trust, not in its citizens =
The assertion that the public monies would be safer
IN the hands of officers appointed by the Executive
nv and with the consent Of the Senate than thew
would be in the hands of fellow citizens not de-
pendant upon the perquisites Of Office but standing
nj the head Of mnnled corporation, 10 an insult to
freemen and the plea of all tyrannics.
The necessities Of the nation for the last 90 years,
with the exception of few short intervals, ealledfor
auniform currency, based upon geld and silver Onr
interests and happiness demanded H. II s true, that
Congress by yielding the demand, exercised cues
fionable right. Things have now come TO such an ~
sue that il will require three or four years more of
suffering to induce the farmers to call out Tor such an
issututIon Instead of waiting then, TO go through
this probation the better plan would DC for the Leg
isla,res of threo-fourihs Of the States 70 apply TO
Congress for the call OF Convention, whose duty y
should no 10 amend the constitution the subject OF
Abe CURRENCY either giving TO Congress the express
Mate n,nL nv m