The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-09-06

a single friend Of his administration voted for
II, and that he failed TO recommend il at the
! succeeding session of Congress. Gen. Cor
don's plan, as carried out in the amendment
WHICH he offered, embraced not only the re-
ceipt OF the public revenue in gold and silver
| only, but It's disbursement by agents of the
treasury; consequence necessarily result
ing from the restriction. IL Gen. Gordon's
scheme was regarded wise as TO the receipts
of the public revenue, and unwise as To the
mode OF disbursement, why did not some
friend Of the administration move to strike
out that part Of the bill which was obiectona-
BILE, providing for the disbursement, and re-
tain the restriction upon the receipts, which
was salutary and desired by the Administra-
toni il was not done, nor was it ever recon-
mcnded by the President; and am therefore
warranted in the conclusion. that however de-
sirable it mightshave been, the President
regarded ii as utterly impracticable in the
then condition ofahe country, and never re-
commended it or iissnded 10 recommend it.
The Globe says Camillus, we think, has sdducod
nothing from the Presidents Messages prove that we
have mistaken Cen Jacksons views this subject,
but the simple fact that he employed the State Banks
as repositories, and declared his confidence in them
Camns unjustly assumes, that by imputing the design
OF collecting the revenue IN specie, subject the late
President TO the charge Of playing falsely and hypocrt
cally with the banks
! have made no unjust assumption what
ever II my assumption is incorrect, it arose
from the carelessness with which he Globe
penned the article which attempted TO re-
view, and not from any deduction of mine
The Globe published in the article alluded
to, the entire amendment offered by Mr.
Gordon, embracing as well the receipts in
gold and silver, as the disbursement by agents
of the treasury This amendment embraced
the present views of the editor of the Globe
itself, which it is constantly urging upon the
republican party. II accompanied its own
opinion with the declaration, that Gen. Cor
don's amendment proposed the policy, which
President Jackson was SO solicitous TO en-
force as constitutional principle" viz !" that
the phole reuenue of the United States, de-
riued from customs, lands, and other sources,
shaH be paid in the current coin Of tile United
States" From the declaration, unaccompa-
MED with any exception, as to the other part
Of the scheme, that of disbursing through
agents of the treasury, deduced, as | think
fairly and properly, that the Globe intended
ing to its aid those of Gen. Jackson. IL
that part of the scheme applying TO the re-
ceipts, was the only part, III favor of which,
the Globe intended to cite the appreciation of
Gen. Jackson, it was due to Gen. Jackson
as well as to candor, that the editor should
have stated that during his administration,
Gen. Jackson did not favor or recommend the
Sub-Treasury scheme, contained in Mr. Cor
don's amendment. If he had done this,
should have been saved the necessity of my
review, and the unpleasantness of this con-
troversy. had no desire to draw any harsh
inference from tie article which | have at
tempted to review; and if have done so,
it was because | could not do otherwise,
from the character Of the article itself, and
not because desired ii. If the extracts
which adduced from Gen. Jackson's mes
sages, and his subsequent actions in con-
formity with his expressed opinions, do not
prove that during his administration, he did
not favor the system advocated by the Globe,
then | am at loss to know, what stronger
and more direct language he could have EN-
pioyed to prove it. do not refer to his con-
versations or his toasts. | refer to his Off
cial papers, as my guide in ascertaining his
official determination in relation to public
measures.
do not controvertthe position Of the Globe,
that "There is nothing in the collection and
disbursement of the public revenues in specie
incompatible with the employment of the State
Banks as repositories and discussing agents"
because, it might be made the interest Of
the Banks to exercise such an agency. But
cannot perceive how this argument avails
~ lohr -, IL JiSc
scheme has never been proposed to the De-
posite Banks, or recommended by Congress.
The point in issue is, did the late President
desire such system? have adduccd, from
his several messages, recommendations total
ly at war with such DESIRE and the fact,
that upon no occasion did he ever propose it,
either in his negotiation with the Banks or
his messages to Congress. The idea is far
Their negatived by the fact, that according TO
Gen. Jackson's own construction of the act OF
March, 1916, he had power to impose the re-
striction, but failed to exercise it, to any ex-
tent, except in the Treasury order of July,
1896, in relation to the public lands
Let it be remembered by the reader, that
when this article was written, Gen. Jackson
had adopted the State Bank system, part Of
which was the receipt of their notes in pay
ment of the public revenue, and had entered
into stipulations with them yet the Globe
contends, that early after the adjournment
of the session Of Congress, succeeding the
removal of the deposites from the Bank
Of the United States, he conceived the idea
of restricting the receipts Of the public reve-
nue. to gold and silver only, and coniormed
his course to the accomplishment Of that OBJ
ject. In two days after this article was pub
lished, with the State Bank system unchang
ed in a single particular, the editor of the
Globe says: eve verify believe, that the