The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-10-27


the east, and the greatest amounts would be
New York, for example, where the greatest
amount OF the revenue As paid, would be the
grand point of Capitalization. The specie will
concentrate Of course at those markets where
there is the greatest demand for IT,
This brings me to another objection TO this
scheme. Ii will levy lax OF l0to Is per
cent. upon the people, and is announcement to
the public debtors They are required TO pay
their dues in specie. This can be done only
by purchasing the specie by paying the pre-
MUM. These duties are for the most part for
importations, which are consumed by the peo-
pie. The premium therefore ultimately comes
out of the people. But destroy the banks, as
is designed, and how can the specie be pur-
chased what other representative OF value
would be used, to answer the purpose OF the
exchange According to the present plan,
specie could only be purchased with property
and property with specie. This would be in
sober truth surrendering our advanced civil
| lization, and returning TO state OF barharism!
| But the scheme is too preposterous, to sup
pose that sensible people will ever sanction,
or even countenance it,
| The bill was laid on the table Of the House
of Representatives, by the decisive vote Of
100 TO IO7, where | trust in God, it may
forever sleep, ''unhonored and unsung." My
self and colleagues voted in the affirmative,
| in the solemn conviction that it was best sub
serving the interests OF my constituents, and
| trust, the event will show, with their appro-
baton. The measure was hurried to vote,
/ think, with indecent haste, and for the rea-
son, that its advocates feared the voice Of the
/ people. Whatever may be that voice, IN re-
gard to my constituents, only wish that u
may be fully and unequivocally expressed. in
order as well that | may be instructed, as that
the country should know your sentiments and
wishes.
| came here with the desire and intention
Of supporting the Administration Nothing
but sense of duty to your best interests has
dictated the course have pursued. voted
for Mr. Allen for Printer to the House. In
this was actuated by no personal feelings,
one side or the other. The editor Of the
/ Madisonian is democrat "dyed III The
wool" His family has been distinguished in
the ranks oil republicanism, and in the service
of the country. in the hour Of peril. lie was
supporter of Gen. Jackson, and devoted
much time, understand to promote the cleo
ton Of Mr. Van Buren, He will not be found
wanting in sensihility 10 the wants, wishes,
and interests of republican people. Ills
field is within the ancient landmarks, in which
the Administration would have been success
| full Now that it has diverted from the well.
trodden paths, tremble for the result The
| PRONUNCIATION of these new tangled and STAR
| ling doctrines to which have adverted,
fear, is striking apathy into the hearts OF re-
pubicans, and the signs of the times are lndl-
catve of the truth | express. Our only hope
| is in unity of action. The great principles Of
the republican party are always the same,
however much we may differ in matters OF
expedency A federation Of such differences
of opinion is part of the republican creed,
and should be sacredIy adhered to in the pre-
sent crisis Heartburnings and jealousies, i
INDUCED, will ALLEVIATE our friends from each
other, and our political opponents will not lall
to profit by our divisions.
| | have thus shown to you, my fellow clti-
zens, what has been the practice of this
Government, in the last forty years, and stated
also, as plainly as possible, the terms OF a new
proposition to change that policy. have
stated my objections to the new scheme, and
shown that it would enlarge Executive pat
! rOnage, Llat IL leHucu 10 ucSuol al ouhNiht3
institutions that it would establish one cur
rency for the Government, and another Tor
the people, and debase the latter; that It
would increase the liability of loss to the
Government that it would corrupt the office
holders; that it would increase the difficulty
and expense the transportation of the public
funds; that it would drive specie out of cir
culation, and levy a heavy tax upon, and put
to great inconvenience, the public debtors;
that it would retard the advancement and set
Element of our state that il would nullily the
office of treasurer Of the United States unite
the purse with the sword, in the hands of the
Executive, and eventuate in the establishment
of Treasury Bank.
Entertaining these views, | can never JUS
tify myself in voting for such a scheme.
present them TO your serious consideration
and reflection, in all candor and sincerity and
seek only the conclusions of your own minds,
and your instructions in accordance there
with.
WILLIAM l.. MAY.
| WASHINGTON, October. 1887.
|