The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-09-23
CORRESPONDENCE.
New YoRk, Sept. 10, 1887.

New YoRK, Sept 10, 1887.
DEAR Sin The Loco Focos proper, in this city,
always muster q, an exciting election. about 5000 to
$500 votes and believe that their vote, at the late
spring election, reached than the last number.
This party organized separate and distinct body
about the year 1880, under the Of the Mechanics
and Working Mems party" when Frances Wrigh be-
came their file leader, and their principal eectoneerers
might be seen on the Sabbath at the " Temple Of
Science" in Broome street, drinking in In6dety and
Agraranism During the last eight years, this
band Of Destructivcs have rallied under various names
throwing their forces now into the scale Of this party,
and then Of the other and making great parade Of
their exclusive devotion ultra radical principles while
they were directly supporting the candidates Of the
Federasts To prove this assertion, it is only
sary to revert to their nomination Of Mr. Edoard
Curtis, the consistent supporter Of Wing principles in
Congress- from this city, and Of Frederick Tamadge,
Wing Senator in the State Legislature. These gem
temen aooWsd Wings, and yet the anti monopoiisf
party selected them as candidates
To show conclasively that know my men. and
that they the persons who were Fanny Wrghts
disciples, it will be sufficient to few Of the pre-
sent leaders who figured in the capacity under her
banner Look at the papers Of that period, and you will
see John Windt Edward J. Webb, Daniel Gorham,
Levi D. Samm Henry Durel and most Of their present
associates paraded Committees and in other promi
stations, the they occupy.
Into the hands Of these political msrauders who, like
Swiss troops throw their forces into whatever party will
make the best TERMS few hotheaded young men, would
be leaders Of our partywho are generally looking for
some oficehave delivered themselves; and on Thurs
day evening, the anion is be consummated. To say
that this is considered unwse by many Of the
ultra friends Of the President but to state known
fact But our conservative friends, who compose the
bone and sineW Of the party here, pleased to
masks of, and will consgn oil Loco Foc0 allies 10 the
same political pandemoninm to which their principals
are destined After the meeting has been held; II will
point the officers to your notice, and if you do not
think that politics, like poverty, sometimes reconces
to strange bed-ieows, then | am mistaken. These
three thousand Loco Focos the ready troops
known in political history, and being composed
mostly Of the idle dssolne, dissatisfied and restless Of
our population, they always be mustered at short
notice, and will now, as they did at the time Of the
-four riot appear force. One word to the organi
cation Of the /" Young Men's General COMMITTEE"
This body has only been organized for few years,
tensbly act auxliares to the recognized Demo-
cratic Republican General Committee" and have never
until now, assumed to dictate to the regularly consti
tuted authorities Of the party.
Indeed, the Delegates TO the Young Mems Commit
tee have been nearly seconsiitated, as have rarely
seen any interest taken in their selections and
quently, any person ambitious Of figuring commit
tee, could succeed without an effort. In this way the
majority Of the Delegates unpledged politicians, who
looksfor some Office place, and little about the
prosperity Of the country, if they be provided for.
That many honorable young men on the Committee
will be admitted bu, they generally Conservatives
Did you observe the Resolutions Of the meeting at
Auburn, in this State adopted since the Message was
received
They are true in spirit, and show that Conservative
Democrats are in the ascendant in the interior Of the
State On Monday evening next, the conservative
friends Of Mr. Van Buren,, in this city, will meet TO ex-
press their sentiments in relation to the Sub Treasury
system
Il will be great meeting. and is approved Of by
ly all our old staunch democrats
@4 Jackson, TENNEssEE, Sept. 10th.
received the LIST No Of the Madisonan you was so
polite as to send me.
Upon the subject OF the Currency it meets my hearty
Under the present circumstances Of the
agricultural and commercial world and particularly that
OF the United States, believe ii to be impractcable to
manage its real concerns upon hard money alone The
best system (hard money! exclusively the
purpose. What is the next best The mixed basis,
with enough OF the precious metals to enable every hon
est bank in America pay specie for its notes when
demanded is the true How is this to be brought
about Take the notes Of no bank which issues note
for loss than twenty dollars or issues than two dol
lars to one actually paid into their bank in specie
Whenever there equivalents loan tho equivalents at
the usual interest," but note beyond that loaned
-Four hs Of society ignorant Of the enormous pro-
fits Of the banks. Iput hundred dollars in specie
into bank stock, many Of the banks FIVE dollars to
one in specie, paid nhe common interest in banks is
seven per centupon my hundred dollars five hum
dred in bank notes issuedat per cent, this
amounts TO thirty five dollars interest So Ireay get
thry-6ye per upon my 500, by the authority Of
the bank charter when BY the operation Of the laws Of