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


Kentucky. Congress and the American peo-
ple would adopt none OF The Jackson amend
ments and then, tas did Dcsha,) Jackson
calculated that ii could bobroken. Hence the
valuations OF our treaties with the Indians, that
their possessions might fall prey TO the spec
ulaors OF his party.
The stripping Of the poor remnant OF the alb
orioines Of America, would, however, have an
swered but little good 10 Kendall & company,
had tho U. S. Bank continued. Tho Bank
was solvent; il would, like the Bank OF Ken
iuckv. lend money only 10 solvent men. The
Kitchen Cabinet spectators, oil which MI Ken
dali WAS the CENTRE were generally lnsolvent,
md composed of men as desperate in fortune
as thew were in character and principles. To
obvlato this difficulty, nothing less would do
than what Kendall did in Kentucky, which
was to destroy the solvent banks, from which
solvent men alone could borrow, and TO sub
stiiute il with insolvent banks from which the
insolvent and the prostitute Of the party could
be accommodated with the means 10 engross
the public lands. Amos project was 10 put
The u. S. Bank out Of existence, place the pub
lie revenue in such stale institutions as would
prostitute themselves 20 execute views by loan
ing money to his friends, who had associated
themselves into companies to buy the public
domains extending from Washington into eve
~ state in the Union.
The project was TOO revolving 10 McLane,
and he was removed TO make way for Duane,
who, like Amos new court, was 10 do and Der
form all needful violations Of the constitution,
until the public money was rendered accessible
to An,oa md his r,i,nds In this il seems A.
mos failed. The Outrage was TOO great 70: Du-
nne's nerves. Even the fattery and cunning
of Amos and his compecr II. M. Whitney, Sc
conded with, first the smiles and promises Of
reward from President Jackson, and then his
irown and his threats, could not force him TO
do the foul decd. Like the assassin sent TO the
iageon to despatch Marius, who, when he
behIld his august victim enchanted and i'm
urisoned. with the weapon of death in his hand
snrunk from Tie crime, excaiming, 81 cannot
XII Caius Marius." The sacred ermine of
Justice, the splendor Of a foreign mission, the
golden pl O poets from the perpetual and last
inc friendship Of Jackson-a friendship that
never failed TO make the fortune of his favorite
WERE all before him. but they would not nil
do. Amos, however, found in Mr. fancy q
anuch easier subject Tor his chemistry TO act
anon. The Office of Chief Justicesbip was
Zoo powe,ful nm argument for him. The bnr-
gain is struck-Du5ne is remsyed. and Tanev
performs the act. From This act. tho Nancy
of the nation has flowed into the hands of ibis
banditti of SPECTATORS that have issued in
swarns from the metropolis, and with it public
Oropcrty has be en- acou red by them TO The n .
mount almost orcountcss millions. The dis
1ribulion bill, however, overlook these specu
Ialors in n luckless hour. By it these net
banks that have been so proiuse with the pub
Jic funds are made to account for the demos
ties
This bill would have failed. as did the re-
newal Of the bank charter. but That il PASSED
lust he fore MIR. Van Buren,s election. and A.
mos feared that if he made Jackson veto il. The
snols candidate MIGHT be peioed himself lie
passage was considered by the party as death
blow 10 the golden dreams of wealth among
the members Of the Kitchen Cabinet orowip9
out Of their speculations in the public lands. .
They saw that the Sia,es would demand re-
newal of the distribution act from year TO year.
until the period fixed for the reduction Of the
tariff arrived, and that consequently, they, the
Kitchen Cabinet, and their friends, must either
leturn hard money to the banks, or do as they
did in Kentucky, come out bapkrupts, and SET
ale with pets who had loaned them, at IA
per cent, that being the rate paid by Blair OF
the kitchen cabinet Of Kentucky, to the banks
oil Kentucky.
In this dilemma, MIR. Kendall caused the
PRESIDENT 10 Issue what Is termed the Treasury
Circular, prohibiting the collectors Of the rev.
enne from receiving any thing but gold 4 sill
yer, IN payment Tor the public lands. This Or
der, 1t was believed, would put an efftctual
stop 10 Inc purchase oi lands from The govern
men', ana throw ali buyers upon the mercy Of
the land companies that We're debtors 10 the
deposite banks: How lar Mr.. Kendall has
succeeded by this Illegal & unwarranted stretch
oi power On The part OF Jackson, in forcing the
aahds oil The spectators upon the buyer, by
Keeping those Of the government out of The
way oil competition, can never be known to the
pubic. But aliknow that he suddenly brought
bankruptcy upon The country, and ruin ON the
credit OF the National and State stocks.
When this individual succeeded 10 the con-
hdenct OF Gen. Jackson the states were free