Litchfield enquirer., 1837-08-24

usual as 1t Is credtabe to the independence and free spirit of her people Kentucky too has done nobly- she has only one little "grease spot" upon her bright escutcheon.
 arPOSTSCRIPT. Since the preceding &C., counts were in type, we have returns from the Con- gressional district in Kentucky before heard from (Lynn Boyd's) and also from Boons district in India na. In the former, MT. Campbell (whig) is elected, though there were two whg canddates-and in the latter MT. Pitcher whig) is chosen Boon by or 300 majority. Thus both Indiana and Kentucky pre- sent an Undivided front'-not even grease spot in the lower house from either ot them Husza for the Great West!
 The last N. Y. Express contains table of the mem- bers of the next Congress classified into partes but is so full of errors that no dependence can be placed in t-and yet the same paper rebukes the Journal of Commerce for publishing an incorrect one We have seen the Journal-but we don't believe it is half as bad as the Express. For instance, it gives to the ,chigs the whole of the Connecticut allegation when every whg in the state would blush to own such an assembage gives little Delaware to the tories, and to the whgs of Kentucky in the last Congress does not allow single member! How the footing agrees with the figures we have not time to ascertain. Such gross errors-though do plead entire exemp ton from them-are unpardonable in paper which rebukes its neighbor for doing wrong.
 Yale CoHege.-The annual Commencement in this Institution was held on "Wednesday of last week. Haven was as usual attended by large con- of strangers witness the interesting exercises of "Commencement day' in old Yale, which are spoken of as being as able any preceding anni- versary. On Tuesday an oration was delivered be- fore the Phi Beta Kappa Society by Rev. MT. Bush- nell, of Hartford. On Wednesday evening, what is called the Concio ad Cerum discourse was pronounce ed by Rev. s. R. Andrew, of Woodbury and he was afterwards elected as Trustee of the College, in place of Rev. MT. Hickok, late of this village.
 The degree of A, B. was conferred on 97 young men, graduates at this term, and one of the class of 1885; that of A. M. on 36 alumni in course and hon. orary on others; and that of M. D. l7 in course and on others ashonorary members. We should be glad to give full accounts of the commencement exer cises, as we find them in the New-Haven papers, but have not room. The number of students entered for the next Freshman class, we understand, is not so large as usua not more than from 40 to 50 having as yet come forward
 Mr. Sprague of Rhode Island, it will be remember ed, elected by the Jackson party of that state at the election in 1885 as colleague of the notorious Dutee J. Pearce, and it was mater of wonder at the time that so upright man as Mr. Sprague should consent to foil to Pearce. When the par ty" came a few days ago to make their nominations for the next Congress- they again put Mr. Sprague in nomination but he so much disked the company in which they placed him, and the principles by which he expected to be governed if he so acted, that he promptly declined the nomination. He recently had occasion to address a letter to MT. DeWolf in which he gives little insight into his principles. We would like to publish the whole letter, which is not very long, but have not room except for the following exract:-
 We have seen how their Banks have heen created, let us now see how they have been affected. The Treasury Circular requiring gold and silver in pay ment of public lands, was issued in July, 1886. By abstraced from their vaults, many months, and placed on special depose in the deposite banks to the credit of the government Continued drains were made upon them by the Loco Focos who had arayed themselves as party against ALL BANKS, and for aught know, against every thing else that full Remittances called for to lquidae the bal. ances against us in favor of foreigners The conse- quence was certain. The Banks were at once de- prved of the foundation upon which they were erect. ed. A suspension of specie payments, and general prostraton of business and industry the inevita- ble result.
 From what have said, it necessarily follows as my belief, that IF GENERAL JACKSON HAD LET "WELL ENOUGH ALoNE," AS HE FOUND TT IN 1880, THE EVILS WE NOW SUFFER WOULD HAVE BEEN SPARED Us do not believe that the banks would have increased beyond the wants of the legitimate business of the country. Consequently, specuations in lands, over mportations, and surplus revenue, could not have existed and there could have been any necessity for the of SDpcin
 But the past is beyond our control. We may, if we will, provide for the future. We must have general currency, gold and silver for it's basis, and circua ting medium equivalent to it. The Government o the United States has the power and it is its duty to furnish such currency It is idle to suppose that ii can be furnished by the fuctaatng legislation of 3f suppose that the movements of an army could be judi cionsly directed by 26 independent generals; or as well might we say, that the Government of the Uni- ted States was supernumerary machine, and that all the legislation necessary for the nation could be furnished by the 26 independent State Legislatures.
 will make single remark upon the Loco Foco system. l consider this system war upon labor and industry, and upon property, which is the offspring of industry. Its advocates are opposed to all banks and what despot is not and for the very reason that they enable the people to hare control orer heir o'ca labor and industry Were the subjects of the despots of the old world permitted to have establishments, so that they could control their own labor and industry, the time would not be far distant when they would shake despotsm itselft to its centre But be this it may we cannot houe Gn erclusiue metalic currency and that for the best of reasonsthat s we have not got, neither can we have, sufficient gold and silver for the purpose.
 But banks, to be most useful, must be regulated.- Fixed rules must be prescribed for their government or else they will become the tyrants in turn. look upon ueH regulated system of Bank credits and tar- 1T system, as of uitGl importance 10 fhs labor of dc Country. The one calls it into active employment, and embraces the value of the productions peculiar to the Country when exported; the other, protects t from foreign competition and interference, with such as are common to other countries well as our own. Excuse the length of this letter, and bear with me,