The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-07

the United States was delivered to both Hou-
SEES Of Congress on Tuesday This document,
always looked for with interest, will be sought
after with more than usual avidity, consider
ing its importance at this peculiar and difficult
crisis Of public affairs.
II opens beautifully, and closes with re-
commentator highly creditable to the Presi-
dents liberality and sense Of justice.
From slight examination Of the subject.
and no knowledge ofthe accompanying docu-
ments, we are scarcely competent to express
an opinion in regard to the foreign relations,
which are set forth, it seems to US, in very
clear light, with disposition inclined to that
peace which is mos, " consonant with our in
stitutions," and in view highly fattering to
our government. 1t seems, we are on the
most amcable and favorable relations with all
foreign powers, excepting Portugal and Mex
ico OF the Presidents views on the various
questions connected with the difficulties, with
those nations, we are prepared, as yet, to ex-
press no opinion.
In regard TO the all-absorbing subject Of
finances, we are informed that it will be ne
cessary to issue only about four and half
millions of Treasury notes, and that the cur
rent expenses of the coming year will be met
by the government without difficulty. The
attention of Congress is again /" invited to the
necessity Of additional Legislative provisions
in respect to the collection, safe-keeping, and
transfer Of the public money" Not under
standing the proceedingsof the last session as
final on the subject, and being yet unconvinc-
ed Of the error Of his opinion, the President
again recommends the Sub-treasury scheme.
We regret to observe statement repeated
in the message which was first promulgated
by the Globe-that Congress negatived the
State Bank Deposite system, and only 'post-
poned" the consideration Of the Sub-treasury
plan. This has frequently been con,radicted,
not only by various presses, but by many MEM
bers of the House The members of Con-
gress did not so understand the action Of that
body, and we doubt If such statement can
be reconciled with the fact. We were present
in the House at the time the vote was taken
upon Mr. Garlands amendment; and such was
the manner in which il was taken that we ne
yer, from the moment, have considered that
vote fair indication Of the opinion of the
House. The Sub-treasury scheme certainly
shared similar fate to both the National
Bank, and State Bank questions-it received
the negative of Congress. The members
certainly regarded their own action upon the
subject, as virtually, re-enactment of the ex-
listing law-and as such it was, in truth, to be
considered-and not as rejection of the State
Banks, and "postponement' merely of the
Sub-treasury scheme.
The message would yield the utmost defer
ence to the opinions and wishes Of the peo-
pie :" but of all the elections that have taken
place, one only is to be regarded as indica-
tive OF those opinions and wishes" as only
one has been " held for the, Federal Govern
ment" The election referred to, is, doubtless,
that of Arkansas, which returned Mr.. Yell to
Congress. Local elections for State officers
have, however, been held in several of the
States, at which the expediency of the plan
proposed by the Executive has been more or
less discussed" Butt says the message,
Questions Of far deeper and more immediate
local interest, than the fiscal plans of the Ma
tional Treasury were involved in those cleo
tons" And what was the question the
banking question-ay, the banking question.
1t was this interest, the message charges by
implication, that exercised a far greater in
huence over the result than any which could
possibly have been produced by conflict of
opinion in respect to question in the admin
istration of the General Government, more
remote and far less important in its bearings
upon that interest"
We have certainly seen no authority for so
severe reflection upon the free franchise
and Independent action Of the people Of the
State Of New York, except in the columns of
the Globe and N. Y. Evening Post, and one
or two other loco-foco papers. The Republ-
can papers Of that State have generally re-
PEELED the same imputation when it proceeded
from the loco-focos. We scarcely believe the
people Of New York are prepared to bear an
imputation Of that sort, although it should
come from the father Of the safety fund sys-
system himself, who, on that account, may be
supposed to understand its operations,
Unless we have been greatly deceived by
false reports, the very reverse is true in re-
gard TO the State of New York. The Re-
publican newspapers from that State, with
come ono or ,,yo axcantions have ronaatadl,,