The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-09-16
e. .:., ,.. From the Pen Yam Democrat.
THE GLOBE AND MADISONIAN.

The violence of Agrarian and Loco Foco principles,
and their favor in certain quarters, have given them
degree Of importance to which otherwise they could not
have the least claim The fact that such principles
have great tendency spread with the ignorant and
the vicious, demands by the conservative doctrines Of
the great republican party that they be at put
down. a.,
| am much mistaken if Yates county does not free
herself from these noxous hereses II indeed they have
found any root amongst This State generally, and
its western and farming sections III particular, will I'M
doubedy prove its firm adherence TO tae old landmarks,
in defiance Of the attack and inroads OF anarchy and
revolution .a..
The Globe no longer deserves the support Of the
people 1t has done its utmost to disgrace our mercan-
tile character in the eyes Of foreign countries that
character which should be sacred to every man who has
a drop Of American blood in his veins.
While some of the leading presses OF Great Britain
have been tcemng with the grossest charges of disho-
nesty against our banks and merchants--and delbe-
rate intention Of defauding England out Of the debt
Justly owe her, our orn Government paper has more
han sanctioned the charges they have attempted to
prove on all occasions, and by FALSE STATISTICS" ai
The banks and The american people their commercial
relations ARE Of the dishonesty charged upon
them. ..
The semofical character Of the paper give its state
ments a tenold influence in the eyes Of foreigners.
They will not believe that our Government paper can
falsely asperse our own characterand they naturally
take it at its word. sa g".e ...0 T.. .,..
The Globe no longer represents what we believe to
be the Of the democratic party on subjects that
have lately become vital TO prosperity and peace.
Its violence against all our banking institutions; its
charges of corruption against the New York city banks,
with full knowledge Of their alsity its clamor for
metallic currency, Qatey modified to suit the times0 its
violent attacks upon the credit system its uraism and
lastly, its advocating separation Of the Government
revenues from the banks have forfeited all claims to
general confidence
The last project Of separation OF the government
from the banks receiving nothing but specie in payment
OF the revenues, is full Of danger
II is difficult to perceive why the government should
have one kind OF currency, and the people another
Government is but the agency OF the people Tor parcu-
lar purposcs--and if the people have by law thought
proper to authorize apaper currency mixed with specie
and nse il in all their business transactions as matter
Of choice, why should different system prevail among
their own rulers in the collection Of their own money
But great and positive evil Of such project would
he absorb and render utterly useless to the country,
several millions Of its specie, which would otherwise be
a basis in the banks for an active circulation.
still greater evil would be the danger OF accumuIa-
ton and it's by those in power as an instrument 10
cripple the banks WITH under the plea OF regulating
their issues. #" .a. ia, b.
In Of great prosperity the revenue would m
much faster than the expenses OF government,
and surplus inevitably Suppose that surplus
should amount ,weny--thIry, or forty millions oil
dollars and this locked up the Treasury offices,
IN speeie who does not see the runous effect upon the
currency Of the country Would " contraction oil