Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-05-09

place in the city OF New York alone for an n
mount probably exceeding one hun tired millions
Of doHars-that failures are stilI almost daily
occurring-that some of the Oldest and most
respectable houses have been swept by the
board and that almost all business has been
brought completely 10 stand, Of course bring.
ing want and distress 10 tens Of thousands
the reader will not in the least be surprised at
he measures proposed AT the meeting Of tho
merchants Of that city. This meeting took
place on the 25th Of April, and was attended
by thousands Philip Hone, formerly Mayor
of the city, presided assisted by eight vice
presidents We give the following preamble
and resolutions, which were unanimously sdop.
ted
Whereas the great commercial interests of
our city have nearly rcuched point Of general
ruin merchants driven from Il state Of
prosperity 10 that Of Unprecedented difficulty &
baukr0pcy-thc business activity, and ener-
cy which have heretofore made us the polar
s'nr Of the New World is daily einkinr. and
taking from us the fruits Of years Of industry
reducing the aged among US who bat yesicr.
day were sufficiently in alilueucc, 10 a state OF
comparative want, and olightng the prospects
and blasting the hopes Of the young through.
out our once prosperous land, -wc deem il our
duty 10 express to the country our situation
and dosrcs, while yet there is time 10 retrace
error, and secure those rights and perpetuate
those principles which were bequealhed us by
Our fathers, and which we are bound 10 make
every honorable effort to maintain! There
fore,
Resolved, That the wide spread dsasler
which has overtdken the commercial interests
OF the country, and which threatens 10 produce
general bankruptcy, may be in n great meas
urc ascribed 10 the interference OF the General
Government with the commercial and business
operations Of the country; its intermeddlinp
with the currency; its destruction or the ma
tlonal bank; It's attempt TO substitute metal
ic currency tor credit currency: aud finally,
10 the issuing by the President Of The United
States Of the Treasury Order, known as the
"Spccie Circular"
Resolved, That while we would do no hino
which might for a moment compromit our res.
pect for the laws, we feel it incumbent upon
us 10 remind the Executive of the nation, that
tue government OF the country of late nd.
minlstered, has become the oppressor Of the
people, instead of aflording them proiection,-
that his perseverance in the experiment Of his
predecessor latter the public voice in livery way
in which that voice could be expressed, has
clearly denounced it as runous 10 the best in
ierests of the country:) has already caused the
ruin Ct thousands Of merchants thrown tens of
thousand Of mechanics and laborers out Of cm-
ployment, deprecated the value Of our great
staple millions of dollars, DESTROYED the inter-
nal exchanges, and Frustrated the enel ecs and
blighlcd the prospects of the industrious and
ontcrprising portion Of our people; and must,
If persevered in, not only produce starvation
among the laboring classes, but inevitably
lead 10 Disturbances which may cndanger the
stability Of our Institutions themselves.
1t was also resolved to send on a delegation
Of ffy merchants TO Washin gton, TO remon-
siraie Nth the President agains! The eoniinu-
ancs Of The treasury order; to request that in
structions may be given to district attorneys
not TO commence suits on (custom housc) bonds
which may lie erer for nOn-payment, until IAN
uary next TO urge The prOpriefy Of calling an
ertra session Of Congress; and invited tho CO.
operation of the merchants Of other cities in
furthering these measures.
Thus particular have we been in giving the
proceedings OF this important meeting, because
we consider that these are the men-ihe cd
and experienced merchants, who have, some
Of them, gone through every vicissude in the
affairs of the nation, and gathered wisdom and
experience from every experiment" and ev-
cry change in the policy of government-who
understand the true cause of the present aar-
ming state Of things, and whose interests i'm.
pol them to speak only the truth. And what
is the testimony o! these men-mcn who IN.
2er9iana the truth, and who would never dare
TO bring upon their own heads the vengeance
Of the new President, by approaching him with
any thing but the "words Of truth and sober
ness ~? II is, that the course Of The gtrsrn.
menl has oainly contributed to bring about
this era of bankruptcy and ruin and that The
gopsrnmen! only can relieve the country, and
by a specify ckange Of is ruinous policy. This
is the plain language Of men who have .ftL
the woes which the past and present cdminie-
trations have mady and cruelty brought upon
them, and tens Of thousands, aye millions, Of
the citizens OF the nations, Of every class ard
occupation, tho merchants, the planters, the
farmers, the mechanics, and the day laborers
and il is language addressed, not TO a party
nor TO the people, but 10 the President himseD!
Mr.. Van Buren, will now have an opportunity
to prove his professions of regard for the inter
ests of the country. His own partizans in
Congress have demanded repeal Of the trea-
sary ordeI-tho suffering merchants are beg.
ging for it-and tie people must and will have
il, or lie viii not again be left to the RESPONSE
bility Of nli,-governing the country.
lE3S The MlddIebury Free Press endorses