Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1837-01-24

mcnt holds out 10 hm ! am not able t. Judge, bot
Nc shall probably coon see. II is precisely on
these general ami long Known opinions that he
rests his support Of the Treasury order. ques-
ton therefore, is al once 'sised between the gen.
iirnsns principles and opinions, on the .ubect Of
the currency and the principles and opinions
whice have generally prevailed in the country, and
which and have been entirely opposite to his.
That question u nov about 10 be pu, To the vote
Of the Senate. nihe progte's, and by the termi.
nation of ibis discussion We shall learn whether
The eentlemun's sentiments are, or are not. to pre-
vail, go far, at least MS the Senate is concerned.-
The country will rejoice, ] am cure, 10 see some
declaration oflhc opinions Of Congress the sub
icc, about which much hes been s0ij and which
well calculated by lis perpetual ngita,ton,
disqniei and disturb the confidence Of society.
We are now fast approaching tie day when one
administration goes out Of office, and another is 10
come in. The country has an interest 10 learning
RS soon possible whether the rev admnis!ra-
ton, while it receives tho power aii patronage, is
to inherit, Also the topics aud the projects, of the
past (; whether ii is 10 keep up the avowal Of the
same objects and the same schem.s, especially in
regard TO the currency. The orderof the Secrea
~ is prospective, and on the face If it. perpetual.
Nothing in or about it gives it the least appear
auce ofa temporary measure. Ga The contrary it,
The gradual name. in which II is 10 come into OPP
Grafton shows plainly intention Of making il the
settled and permanent policy Of Government Ia
deed, II IS but now lightning lis complete exis-
;cnce Ii is only i've or six days since 's full op.
Grafton has commenced. Is it To stand, us the law
Of the land and the rule Of the Treasury under the
administration which is to ensue1 And are those
notions OF an exclusive specie currency, and oppo.
son TO all banks on which it is defended, TO be
espoused and maintained by the new administration
, as they have been by It's predecessor These are
questions. not Of mere curiosity, but OF the highest
interest to the whole county.
! Ia CONSIDERING this order the first thing natural
! ly is to look FOR the which led TO it, or are
assigned for it's PRONUNCIATION. And these, on tie
face of The order itself are declared to be Com
plants which have been made Of frauds. specula-
lions, and monopoies in the purchase Of HE public
lands, and the aid which is said to be given to effect
these objects by excessive bank credits and dan
gerous if not partial, facilities through bank drafts
and bank deposites. and the general evil influence
likely TO result to the public Interest and especial
y the safety of the great amount of money in The
Treasury end the sound condition Of the currency
of the country, from the further exchange Of the
national domain in this manner, aud chiefly for
bank credits and paper money"
This is the catalogue of evils to be cured by
this order. In what rcse fsauds eoosist what
are the monopoes complained of or what is pre-
cisely Intended by these injurious speculalions we
are not informed. All is left on the general sur.
mise Of fraud. speculation. aud monopoly. 1t i.
not avowcd, or inlimated, that the Government has
sustained any loss, either By the receipt Of banl
notes, which proved not to be equivalent to specie
or in any other way. And ii is little remark
able, that these evils fraud, speculation and mo-
l..
notorious, on the lth Of July, as to require ih,
Executive interference for their Suppression art
yet that they should moi have reached such Leigh
as 10 make it proper to lay the subject before Con
gress, although Congress remained in session un
Ill within seven days of the date the order And
what makes this circumstance sill more remarkable
Is the fact that ~ his annual message at the com
mencement Of the same session, the President la,
spoken Of The rapid sales of the public lands as on,
OF the most gratifying proofs u the general pros
penty OF Tie country, without suggesting that an
danger whatever was 10 be apprehendcd from isUd
. speculation ~ monopoly. Ills word, -
Among the evidences Of the increasing prosperit,
Of the country, not the least gratifying is ,hul al
. f1rded by the receipts for the sales Of the public
lands, which amount, in the present year, to III,
unexpected sum Of Sll 600, 600" From la
time Of the delivery Of that message down to IA,
date OF The Treasury order there had not been tl
lesst change, 80 fer as know, or 90 far Us we en-
Informed, 10 the manner Of receiving psymeu: TO
the public lands. Every thing stood on the III
of Jolly, 1886 rs II had stood the opening O
the session. N December 1885 How 20 diAeren
a view Of things happened to be taken at the iW,
pofpds We nlsy be able 10 learn perhaps, 10 liz
farther progress Of this debate.
The order speaks Of the "e,iI inhscnae" hkel
10 result from the further exchange Of toe po5!t
lsud, into paper money" Nov. this IL tie yer.
: language Of the geEliemnn from Missouri. IL
hsbItOslly freBks Of he notes Of ali 10 nks ho- ev
) or solvent aud however promptly their noiee ina,
be redeemed 10 gold auG silver, as paper money.
The Secretary hiss adopted the honorable member
phrases. sal be tpea,s too. of oil the bank note
received at the land oa.ces although every ouc O
them +, redeemsblc IN specie, on demand, bot o. Fl
much paper money.
10 dis respect, piso, cir. hope wr may know
more as we gfow older. AID be able 10 learn wb.ih
er, 10 times 10 come 40 times recently passed
The justly obnoxious and odious character Of pa
per money, lie TO be spyiied TO the ssues Of al Il,
banss IN all the States. With whatever puneiusli,
I they redeem their hills The IL cutie new a. Il