Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1837-04-21

ne nucn mooted question !. :, &c. lCSl
nIhe party" has decided that ,ba % s Sc
Order shall not be rescinded, e .~s iI'au1
gress. even by Con
The Globe Of this mornirc ~,
the suggestion in the Journals ar,'udlrgt
OF the propriety of calling oOonne0
gelher for the purpose Of re sy"g'ea y
treasury Order says; we a,a ps d
that the friends Of he oq miai,,r a,g '''H6et
not if called together, las ,ba @voali
Commerce proposed) vote rcei, ,oa'l' d
order The effort making in D' Fv Of de
this moment, to draw specie f,oa nug'a 4
TRY, is now undisguised TIKI" Jus CON-
fact would induce Congress 10 Ut" H.. lnF'g
tlonal obstacles in he rag of is '"'oy ~
1t is necessary to sustain orr T.. 1poii'a|
per circulation, which, if spJdsn ,l'"ya%
ed, would make distress uniger,'Iia 'oA'S
j This is full corrobora,ion oi Il
ment | made to you week am 'u Il
ground on which Mr. Van Bn,s0 4s
malely determined to adlere to,b ~ ~ l'u
Order, was not the ground on ri; .l'sa
originally issued, to prevent lao Dl'u
tions,-but the prevention of ,be a. 'pS'
of specie The original ground I gY'a
der is abandoned. 1t assumes ,bo " @'
a new measure,--a aelo e1pe,;n.-,
currency. The country. aeilo,eJ .'i "a
rossed by the rash experiments n ' Is
ministration, looked to the aeecss;,. 's \
| Van Buren,, as the commencement
of repose and quiet Many Who t' ~
posed his election had cheerlnlIy ,,a 10.
10 II, and determined 10 render NJ ~
dial support, in The full belief Ina, f,ont
1t, temper, and policy, hewss di,,,.I
conduct the government with nro5.,
moderation. But, at the very outss,ts
blasted all hope, confidence and ty,,,
of this sort. This attempt to es,,,,e,
tention Of specie, in opposition 10 4.
OF commerce, is probably but n. !,
mencement of series Of ulfs.B,.'.
experiments on the part Of this admin,
ton. To show that the measure i,I II
on utter ignorance and msconceuimsF
principles of political economy ap3
ter producing much difficulty snJ5e
it will prove wholly futile and ioerer
its object, would be but waste Of Inn
cry body knows that specie mps r,
come, in obedience 10 the laws Of ps6 !,
the same certainty that water Mil ri
level. in spite Of all political lesisslal
No penalty has been found sufHcrft
!, Government TO prevent the eyporss
, coin. For century and half m,u
ta,ion, by the laws of Spain and per
was punishable with deGh, end yats
itself wings and disappeared. Tie u
: export duties have also been Iesara
: vain, by different Goyernmets, iurAn
purpose.
To whatever extent, and for wins
time, the measure shall preyenI the era
} ton OF specie, when commerce dsnla
10 the same extent, and for lhe SAD.
will it have the effect 10 enbarn& H
jure all the leading Interests Of lhetsaI 4
, No country can retain more spe,s Sa
commercial relations justify, wEAoa
ing very heavy price for It, il son
or other. One mode in which wm 3
paying for a superabundance Of tOm
specie, is in the diminution Of ibeT
our cotton and tobacco to the auel
nearly one third. We shall pay St
twenty millions year for bOuoEaq
in this one way, or about fAy Fga
, year The sum paid for the same aE
other ways is immense,-ncalcuaSt
the specie will ultimately find its iFa
proper level, and things will be "a
right, by about the time when Is
meets, when the Benton PresldeG VII
in readiness another metallic tmDa1
pertinent h
To show how beautifully The IL s
Order plays into the hands Of lA
Spectators, / will mention tact = Z
recent occurrence. Theotherday h
Of the largest Northern Land l'sSlF
pany arrived here with heavy dH1'
Bank Of the Metropolis. He drew
Gle from the Bank for the amo'a'
was wheeled over TO the office Of p;
urer, where it was deposited ald w.
agent received his certificate Of dsP
The agent went on his way @ln
: west to enter large bodies Of lalD
company;-the specie was wbee~
gain TO the Bank Of the MelroP'A
readiness for the repetition o. Ins0.
A better continuance than The lI',s ~.
der to promote the Interests OF lls No.
bers could not be desired. Il give
monopoly Of the business NGn
and selling. The actual seuIe' h
buy of them, al an immodeTa's W.
the government price, or to pay ','
MUM for the conversion oil DIS Il
specie, Besides this, the speSu,TT' IN
ing selected and mOnoPolt,a ~
land, render it the interest OIL ",
!, deal with them. As long lheIpg .,
large companies can drive l6e Soy
tors out of the market with loef~
lar, they can engross the De% =
at the same time, force the se'l''
them.