The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-11-10
From The lSarnfoga Sentinel.

The editor of the weekly Globe we regret to learn,
is obliged TO discontinue the publication of that sheet
in consequence OF the absence of small bills. The
following is his announcement of the event:
"We shall discontinue the publication of the
Weekly Globe when the present voluife ends, which
will be the It'll December next. The difficulty of
making collections for it, induces to stop the pub
ication Subscribers cannot remit by the mail for
it. in bank notes, the yearly subscription being tho
dollars and half; and cannot afford to send out
collectors for such small sums"
Ii the Globe, with its extensive official patronage,
cannot sustain weekly journal, owing to the want
Of a circulating medium which can be RENTED by
mail, how can the country papers be supported with
oparonage Of the kind9 Their prices do not gene
rally exceed 80 per annum, and their proprieors
have less ability to send out collectors than the edi
tor of the Globe. Besides if the course adopted by
the latter to be pursued by the weekly journal
lists, every paper in the country would be dscon-
tinued, and their subscribers deprived of the news
of the day. unless they paid at least SIS per annum to
the city establishments. 1t will answer very we'll
for those who are receiving large incomes or who
seldom have occasion to embark in any thing less
than rs transaction, who are engaged in no bu-
Siness at ALL to repudate the idea of circulating
small bills; but on those who are dependent on small
sums derived from scattered and greatly extended
population, the absence of all means for Obtaining
any portion In advance operates with peculiar hard
ship 1t is severe task editors If not on ltera-
ture, and will be The means of reducing the number
OF country papers, or Of advancing their price to
sum propordoned to the loss sustained.
We are aware that since the specie system has
been agitated, many who were contented with an
humiliation Of bills under rs have had their desires
very much expanded and without stopping to ascer-
tain whether the specie in the country would prove
at all adequate to The convenient transaction of bust
ness, have dealt in wholesale denuncations against
what they are pleased to term the rag currency
Most OF these individuals willing to believe
have been actuated from honest, though mistaken
views. But now that the banks have been com
PEELED to suspend specie payments and the very limit
ed amount of specie out of their vaults is rapidly
leaving the country, many have been induced to
pause and reflect and disrust course which is like
y TO lead to disastrous if not runous resul,s-For
with specie gone and bills of credit DESTROYED we
may bid adieu to the prosperity which has heretofore
attended every branch of industry in the country,
and sink into state Of inertneSs more BETTING the
vassas of despo than the citizens of an emil ghten
ed republic.
But we do not anticipate such result great
proportion of citizens and especially the ayr-
cultural part, who have been appropriately STYLED
the back bone of the nation, opposed 10 utrasm
in whatever shape it may come. The loco focoisn
or agrariansm, SO prolific in New York has never
reached their fresides, will it So The coun-
try through their exerlionS, will yet BE- saved from
too extensive paper system on the one hand and
an entire metallic currency the other The war
Sonry will have its day, and its prominent actors,
like the leaders in all exciting subjects will soon be
driven another expedent for the establishment of
their fame, their voices be drowned in the camors
of new swarm of self created patriots who may
succeed them.
All the Republican opposers Of the Sub Treasury