Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1837-06-02

and out Of Congress, it will be LAID to the
bank, il will be laid to the merchants, 1t
will be Lard to he manufacturers, 1t VIII be
laid to the tariff it will be laid to The north
star, or to the mallgn Influence Of the last
comet, whose tail swept near or across the
orbit of our earth, before we shall be allow
ed to ascribe it to its Just, main causes-d
iampcting 'ojM The currency, and an attempt
TO stretch Executive potcer orer q SUBJECT not
consijtutionaHy Wih,n its reach.
We have heard, gentlemen, of the sus.
pension Of sumo Of the Eastern banks only
bu, fear the same course must be adopted
by all The banks throughout the country
The United States Bank, now a mere
State Institution with no public deposllcs,
10 aid from Cove nment, but, on the con-
trarv, long an object of bitter persecution
by It, was, at our latest advices, s,ill firm.
But can we expect Of that bank to make
sacrifices to continue specie payment: II
it continue to do so. now The dcposte banks
have stopped, The Government VIII draw
from it lis asst dollar, If It can do SO, in or
der to keep UP q prctcucc Of making ITS
own payments in specie. | shall be glad
if this institution find it prudent and proper
to hold ont - but as it owes no more duty
to the Government than any other bank,
and of course much less than the depOslte
banks. cannot sec any ground Tor deman-
ding from it Efforts and sacrifices TO favor
| The Government, which those holding the
public money, and owing duty to the Gov
eminent, are unwilling or unable to make;
nor do see how the New England banks
can stand alone in the general crush. ]
believe those N Massachusetts are very
sound, and entirely Solvent have every
confidence IN their ability to pay; and |
shall rejoice if, amidst the present wreck,
we find them able to withstand the storm ;
! but at the same time | confess | shall not
be disappointed # they, seeing no public OBJ.
! icct to be attained prOporiOncd to the pr
vac loss, and individual sacrifice and ruin.
which must result from the means necessa.
nv to enable them TO hold out, should not
be distinguished from their Southern and
Western neighbors.
believe. gentlemen, the "eXpcriment"
must 90 through. believe every part
and port ion of our country viii have a sat E
lslaclorv taste OF the "bctter currency"
! believe we shall be blessed again with the
currency Of 1912, when money was the only
uncurrcnt species of property. We have,
amidst all the distress that surrounds us.
men in and ont Of power, who condemn a
National Bank, in every form, maintain the
efficacy and efficiency of State banks for
domestic exchange, and, amidst all the suf-
cring and terrors Of the compartments" cry
out, that they are establishing "a better
currency" The "erpe1 imenr 1.-The eXpcr
menl upon what' The experiment ofont
man upon the happiness, the we'll being
and. ! may almost say, upon the lives o
we've millions OF human beings. An sex
pertinent" that tound US in health, thai
found us with the best currency upon the
face of the earth, the same from the NortI
to the South from Boston to St. Louis
equalling silver or gold IN any part of on
Union, and possessing the unlimited conf
, dence Of the European Powers and people
aud leaves Us crushed, ruiped, wilhou
! means at home aud without credit abroad
This word "eXpcrIment" appears ikel
to get into no enviabe no,orIely. 1t ma
; probably be held, in future, to signify an
. thing which Is too eXcrucla'lng to be born
r like a pang Of the rheumatism, or an eX
. traordinnrv tWnge OF the govt. Indeed
d from the experience we now have, we INA
G Judge that the bad emlnCncc OF the lnqus
B., ton may be superseded by it, and If on
2 shall be hereafter stretched upon the rack
t or broken on the wheel, 1t may be salt
y while all his bones are cracking, all hi
: muscles swapping, all his veins are pouring
n tina, he is only passing into better stat
: through the delightful process Of an 'erpe'
: iment."
Gentlemen you will naturally ask, wher
= is this TO end, aud what to be the remedy
! These are questions Of momen uOus ImpoT
: lance, but probably the proper moment ha
I not come for considering this. We are ye
' in he midst Of the whlrlwlnd, and scarcel
able to mold our hats on. Every man
7 thoughts are turned to his own immcdat
: preservation. When the blast is over an
II we nave breathing time, the country mus
take this subject, this all important subec
t of relief Tor the present, and security fl
y the future, into lis most scrions coUsldera
F.. ton. 1t will undoubtedly first engage tn
d attention and wisdom of Congress. 1t wi
@ call on public men, entrusted with publ
(; affairs, to lay aside party and private pref
II erencCs aud preludlces, and unite in tn
n great work of redecmlng the country iror
y this state of disaster and disgrace. All tina
e | mean at present TO say, gentleman, Ii
that The Government of the United State
d stands chargcObe, in my opinion, with
u gross dereclion from duty in leaving til
= currency Of the country entirely at tn
G mercy Of others; without seeking to eXer
II else over it any control whatever. Tn
d means of exercising this control rests in tn
!. wisdom of Congress, but the duty | hold /
e be imperative. 1t Is u power that cagnC
j be yielded to others with safety to itself q
to them. 1t might as well give up til
e power of making peace or war to the State,
g and leave the iwenly.sH independent so,
:, eregn,es to select their own foes, rals
|. their own troops, and conclude their ow