Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-06-06


ptctcBcc Of making ts own payments in spc4
Gle. shall be glad, if this institution find IL
prudent and proper 10 hold out but Is it owes
no moro duty 10 the government than any oth-
er bank, and, Of coursc, much less than the
deposiir banks, cannot sec any ground for
demanding from it, efforts aud sacrifices TO fa-
vor the government, which those holding the
public money and owing duty to The govern
mont, arc unwilling or unable TO make :-Nor
do | see how the New England banks can
stand alone, in The general crush. I believe
those in Massachusetts arc very sound, and
entirely solvent have every confidence III
their ability 10 pny; and shall rejoice, If a.
midst the present wreck, we find them able 10
withstand the storm but at the same time |
confess shall moi be disappointed, If they, see
ing no public object TO be attained proportions
ed TO the private loss, and individual sacrifice
and ruin, which must result from the means
necessary TO enable them 10 hold out, should
not be distinguished from The southern s. west
ern nelohbors.
believe, gentlemen, The experiment must
90 through believe every part aud portion
Of our country will have u satisfactory taste of
tie better currency believe we shall be
best again with the currency Of 1912, tohem
money lrGS the only uncprem species of prop
eriu. We have, amidst all the distress tbat
surrounds us, men in and out of power who
| condemn national bank in eve form, main
tain the efficacy and efficiency at State banks
| for domestic exchange. aud amidst all the suC-
ferngs and terrors of The experiment. cry out,
that they are establishing ga better currency"
| The "eIperimenp- the experiment upon what2
! The experiment OF one man upon The happi-
ness, the well-benc. and, | may almost FAY,
| upon the lives OF twelve millions Of human be-
ings An experiment" that found us in
hpal ih That found ~ viil, tho hcct cur,oncv
on the face Of the eaith the same from North
TO South, from Boston TO ST. Louis, cqma ling
| silver or gold in any pant Of orr Union, and
possessing the unlimited confidence OF the Eu-
ropean powers and people, aud leaves us
crushed, ruined, without means at home and
without credit abroad.
This word experiment. appears Likely 10
| got into no cnviable hotGrleiy. II may proba-
bly, be held in future. 10 signify any thing
which is too cXcruclatIng 10 be borne, IKE a
pang of the rheumatism or on extraordinary
twlHge Of the govt. Indeed, fon the expert
ence we now have, we may Judge thai The bad
onnence OF the InqIisliion may he supersc-
ded by il, aud if one shall be hereafter stretch
| ed upon the rack, or broken OH the wheel, il
may be sad-whic all his bones are cracking,
all his muscles swapping, all lis veins ara
pouring that he is only passing into a better
State through The dc!i .htlul process ct an seq.
pertinent"
this 10 end, and tcbai 10 be- Inc ytmsJ,, vrb.sa
are questions of momcn,nus inrnrIroe h.,
probably the proner momon, ba. No, oo,ra c..
consider,ng his w. oro 600, i; ~ 'o
The vhirlwird. Evnv m.n,s ,Ln,oL,. '.
turned TO his own immediate nresc,ya,on
! hen The blast is over and we have breathing
/ time, the country must take This subject. this
all important sub iect Of relief for the present.
and security for The future. into ils most sor;
GUS consideration. II will uudonh,adlv ~,
rEgnge the attention md wisdom of Concross
/ 1t will call on public men. entrus,eJ u,;,h n"h
/ lie affairs. TO Law aside marty and nr;vota prsc
erenccs and prciudccs. and unite IN the d p,u
! work of redeen,Ino the countrv rom th;s 60
! of disaster and DISGRACE Al ,Lo, 80. 80
! saw at present is. that The oovetpmnpt 81 ,bo
| United States stands chnrorable in mo on;nS
ion. with n cross dorelic,ion rom dn,u = H.
inc the currency of tle countrv enti,.In ~ d.
mercy of others: without seeking f. g,oro;.o
over il any control Whatever. The mean, oe
exercising this control rests in the wisdom If
: Congress, but the duty hold IN he ;mnern.
tive. 1t is power that cannot he Welded to
others with saIetv IN itself or IN HON 7, ,n;ch,
as well give IN the power of MAKING ne,co or
war TO the States. and leave the tweniv.sis in
dependent soyeroirnties 70 select their own
foes, raise their owl troops and concIude ,beir
own terms of peace. II mjpLt as well leoya
the States 10 impose their own duties. reonIate
their own terms and treaties of commerce. as
to give up control over the currency in which
all are interested.
The present government has been in opera-
lion forty-cisht years. During forty of these
forty Eight years we have had national insti-
tuiion performing the duties of a fiscal agent
10 the government, and exercising a most use,
full control over the domestic exchanges and o.
vel the currency of the country. The first in
stituton was chartered on the ground that such
|