Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-08-07
NOTIONS ABOUT THE CURRENCY.

NOTIONS ABOUT THE CURRENCY. !
Gougt-ing-K endoliSm- TbHntyism, &c. |
&c. Last week we suggested that tho policy
aud measures of the administration, portcu-
larry with reference 10 relief in The present
emergency, are matters of mere conjecture
This il the fact; and it might have been truly
added, ,hat,-while tho whole country is anx.
iousy looking and waiting Cor some indication
of the course Of the administration, on which
TO hang n single hopo-tho oraclos of that adj
minttration are either so entirely silent, OF di-
reclly conflicting in their views, that not even
u satisfactory conjecture can be formed Of what
is TO be done. Let us look at tho state oil
things. There is Benton, who hes had as much
rinht 10 be styled the oracle of the last admin
sirntion, in tie footsteps OF which this admin
isIralion is TO go, ns any man li'lng--ho is an
li.bNnk in profession, 10 say the least; but
then there is also another oracle, RiUes, and
he is for banks, without small notea-nnd Tall
madge, too, aud the 700 Tommany men, and
they are for (so says tho Eve. Post .Nation-
al Bank Again there is n certain man
named Gouge, employed in one Of the de-
purtmcnts, who has issued his scheme; and II
is 10 dispense with all banks, institute q sub
treasury system, by which branches Of the tr' a
sury are to be Acattercd through the country,
prd Z. collect end pny out tho roeenue, aided
by the Post Office Department; and here steps
in Amos Kendall, with Stupendous scheme,
10 eonrert The post offices into collectors shops,
oper (which HE is 10 exercise ral.superUis
ion. The following letter disc!oses the scheme /:
"PoST OFFICE DEPARTMENT.
| April 18th, 1887.
".Messrs Langtree and O'Suiiiua,
Editors Of The metropolitan.
! GENTLEMEN: | duly received your note
| with the Metropolitan Of tho goth uIt., and
have carefully considered the proposition con.
tained in the article TO which it alludes.
1t is practicable, through the machinery of
this Department, TO receive small sums of mo-
ney in one part OF the United States and pay
! them in anoIhcr-an operation, which, in fact,
it is daily performing. If authority were Civ.
en- by law, and The force of the department
were adequately increased, the dues Of print
ers might be thus transmitted, But If such u
plan be adopted its benefits should be extend
|
in the habit of RENTING small sums by mail.
II might be effected for commission much
less than postage and the risk now encounter
cd.
The dulics of postmaster general are alyca-
dy sufficiently labOrious. But if it he the wlll
Of Congress 10 grant the authority and the
force, II will give me pleasure 10 digest plan
for accomplishing so great public benefit and
give TO lis execution general suporinto ndence
With high regard, sc.
AMOS KENDALL"
Alas, however, for GOug- ing and Kendall
ism-one Reuben NJ. Whitney steps in andau
tIoritatvcly declares that the country canno
get along without banks-sels down Gouge as
an ignoramus md n humbuggor, aud propos
es TO revive the exploded pet bank system =
Thus the doctors of the administration disa
er"c and how is it with the presses The
Globe Is on all sides; it applaudcd Benton
it nppauded Rwes-it opplanded Tallinadg,
and the Tnmmuny men ; the Richmond En-
quircr seems to bear towards Whitneyism, in
asmuch as it scouts Gougoing; the Alba
ny Argus and ita echoes are for u mixed cur
rency-and The Evening Post and the Conncc
ticut organ stick 10 loco locoisu. The ad
minstration is scattered divded--p panic
struck: il has no scheme of relief known a
yet; and so the Richmond Enquirer exprcss
declares. The currency is essentially mer
paper currency now for such the experiments
have forced ii 10 be, and what will be done T.
make it better? Perhaps, we are 10 have NOR
experments-n Treasury or n Post Onic
Bank, or perhaps, as the Globe recently init
mated the administration ia to abandon tn
currency, which it has ruined, TO be regulate
by twcnty-six state legislatures
Let the people look at this picture of tn
administration, and see whether the "work {
reform is not inscribed upon the list OF thei
duties, in characters too legible to be mistake
or misunderstood.
iCJ"There is one thing in which the admin
istration presses agree it is in htn,buggin
the people. About one half Of them hay
suddenly changed their tune and Tdsavow