The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1837-04-12

long been a. >fayorite with the journalists of
the opposition. 1t is 10 them partsanship
made easy" Like the talking bird which
said "Tom Moore Of Fleet Street" in reply
to every query, they charge all evils to the
administration. At one time it was Andrew
Jackson and the Veto. Again, it was An
drew Jackson and the Removal of the De-
posites; and now it is Martin Van Buren,,
and the specie Circular. Do the pets of
the Banks, who have monopolized the dis
counts Of those institutions, and have thus
been tempted to swell and to expand their
business to the most preposterous extent
do these men extend and in the end explode
as In the nature of things they inevitably
must, the answer is ready, What is the
cause of course the Specie Circular-the
administration. Is the community tempted
into the most enormous oyertrading by ex-
pansions, contrived for political or other
sinister purposes,-is it inhamed into the
wildesI and maddest of speculations, and
does the imperative day of reckoning come
"A day which may be deferred, but which
cannot be prevented, the answer is still
ready. Who has done all this : The
Observation-Disclosures Jackson-Martin
Van Buren-the Specie Circular. ANY
person but the right person-any cause but
I the true cause.
| Unluckiy, however, for this method of
carrying on hostilities, it has been pursued
SO long that even that part of the public
who first joined in the clamor, have been
/ led little by little, and step by step, towards
a knowledge of the truth, and begin to re-
quire more than unmeanng words for their
satisfaction. They ask whether, after the
excessive and oppressive contractlons of the
United States Bank, during the memorable
panic of 1884, which in short time "a
mounted to twenty millions, the immediate
and rapid expansion of the same institution.
making in the brief space Of eight months,
additions to discounts and issues of nearly
fifty per cent, had nothing to do with the
present state of affairs They wish 10
know whether this was not the excning
cause, leading as it did to similar expan-
sions on the part of the State Banks, %
enormous speculations in every part of the
country, followed by overtrading in all its
varieties. Did not this madness continue
to advance toward all explosion, until mea
suredly checked by the passage of the de-
posile act, in which the opposition so loud.
ly rejoiced, which combined with the fact
that many had reached the end of theil
tether, and were called upon to repay, to-
{ gether with the operation of the Specie
Circular to a small extent brought aboat a
pause-a pause in all Likelihood saving the
country from wide spread bankruptcy?
/ The present situation of affairs, there
fore, by whatever cause promoted, is one
of those periodical spasms to which ihi:
country is so peculiarly liable. Ii is the
S natural and unfalling consequence of the
insane spirit of speculation, stimulated b,
f over banking, and whatever temporary anc
: quackish expedents may be adopted to
r alleviate suffering, the cold stage must grad
-.-iiy r~.i. uT ~ s,;,o pleoo 10 o.orv vhvlv'
c some action. The depression conseGuen
S upon violent excitement, bears due proper.
e ton to the preceding fever, fact OF which
the community have had abundant cxpe-
e rlence; but the patient mistakes the cause
e Of his disease, if persisting to rail agains
S the administration as the peccant matter
, which oppresses him.
In the list of Army appointments anC
promotions recently published, we observ,
f the name of George w. Patteu of thi.
town, who is promoted to the rank af a frs
lieutenant.
i Connecticut Eiection-The Hartford
Times reports the votes in all the towns in
the State except five, for Edwards 22,O20
Ellsworth 20,0l7, Van Buren, majority
2OO3. The same paper states that all the
members of the last Congress are re-elec-
ted.
April FooLs.-Our readers may, if they
! please, apply this cognomcu, alluded 10 in
our last paper in the paragraph relating to
the forged foreign news, to. us, for, verify,
at the time we were laughing at those who
were taken in by that hoax, we inserted a
piece by which we were hoaxed ourselves
We alludc to the account we copied from
the Boston Daily Times of the lst instant,
announcing the "Great geological Arripai
from Africo," which turns out hoax per-
petrated by the clever Editor of the Times.
! ila ha ha We read the article and
verify thought the proprietors were ex-
ceeding liberal, to exhibit gratis for day,
what must have caused great outlay to
procure, and that lion nineteen and a half
feet long, was truly a monstrous beast, but
thinking tina. his tail might have been
stretched little, and few spare inches
a handful, or so-added on to his nose, by
way of making the most of him, we OPEN
ed our gulet and swallowed him, yea, vcr-
lily, tail and all Those of our readers