The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-09

Practical illustration oftks Sub Treasury Scheme
This measure was adopted by regulation OF the
Treasury Department, when the banks suspended
specie payments, viz about sir mouths ago, The
collectors and receivers were directed To receive
nothing but gold and silver, and 10 keep the money
in their own possession, instead OF paying Il into
blnks and 10 dsburSe upon the dras OF the Trea-
sury, as the banks had previously done. This is in
substance the Sub-Treasury scheme II is time now
that its good fruits should appear IL ever they are TO
appear. UAat are they? Has IL res,ored sPecte
circulation? No. Has il given TO our paper system
wider specie basis? lis whole tendency - me re-
verse. Has enabled Ne Government 70 pay cG tae
public creditors IN specie? Fudge! What Is the
Government doing at this time lsSuingten millions
OF paper money! and paying the public creditors OF
all kinds with IT,
for Gods sake lei us look at facts Immediately before
our faces Has this Sub-Treasury scheme done one
single thing Il was promised 70 dol Where = me
specie il has collected in the Treasuryf Where Is
the specie IN circulation which its friends promised
Ii would introduced II has given "beggary ac-
count of empty boxes to the Treasury, and has
banished specie from the eyes OF the community
And yet IL IS all right-and we must approve ~ or
we will be called deserters from The ranks-ncon-
sistent politicians-aot firm and true men-Do up 70
the h,tb democrats-noi faithful friends OF the Ad-
ministraton, &c. &C. Was there ever such AFRO
gance on the face OF the earth Is IL 70 be tolerated
7 for moment in a land Of ireedom9 Is there son
of Revolutionary sire, who can look on at such
intolerance without feeling his blood run hot in his
veins Arc we 70 riyet chains upon our MINDS,
extingush all moral sense in our bosops, and DANISH
from our thoughts forever, that we have country
10 love and admire. Must we surrender every thing
10 party and never think of our country Why, sir
what will be the state of morals in the country, u
such doctrines prevail, that you CANNOT upon any
question exercise your independent judgment, ana
express the conscientious convictions OF your MINDS
provided you differ in opinion from an adminstra-
ton you assisted to bring into power, and whose
general course of policy you approve, without laying
tinh N, lhn
deity to political friends and OF abandoning ne true
democratic faith? say If such is the doctrine thai
the people of this country are to sanction, there -
not upon the face of the earth more corrupt and
infamous government than the boasted American
Republic Administered upon such principles, II Is
the vileS and mos depraved system that can disgrace
the age in which we live We had Infinitely better
send the youths Of country 10 Spain or to Turkey
TO learn lessons Of political morality than TO bring
them up in a country where every noble sentiment
of honor and every elevated impulse of patriotism is
ID BE- extinguished in our minds, and be substituted
by code Of morality that would have disgraced the
slaves of the most heartless desposm that ever
listed any period of the world Is this the Govern
ment our fathers fought forf Is this the land OF
freedom achieved by their blood and their valor
But who are these Sir Oracles, these patent Demo
Gratis who are undertaking to deliver lessons of poll
teal wisdom TO such men as Rives and Mason,
Legare and Tallmadge, and many other Distinguish
ed men of our country, who have heretofore sup
ported the Administration, and will continue to
support it in all the measures they bslieve will
promote the welfare of the country Yes, who are
they who have thus imprndenily set themselves up
as the only orthodox politicians, and arrogany claim
the right of reading out of the political Church any
man they please?
But TO return TO the Sub Treasury scheme--HaS az
been ereecd? Can IL be carricd into eject? 1fit can,
why did Congress suspend the collection Of the
revenue due upon merchants bonds2 IL Hhercis
The specie If 10 has been crecuted? What six months
| in operation, and no specie yeti This great fnan-
cia measure half year in operation and still the
and productive country is the necessity to issue ten
millions Of Treasury aotes! What! collect the
in specie and pay the public debts in paper y
Are these the boosted fruits of the Sub Treasury
SYSTEM! Do give us light, Mr.. Editor. We are all
in the dark on this side the mountain Perhaps six
months is not long enough TO test the virtues of This
Epcrtmeat-Then let us wait and give it time to I'M
fold to the nation its promised blessings
-. ... A WESTERN MouNTAINEER