Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1837-08-28


Since the date Of our Chelsea letter in anoth-
or column, Colonel Buck has paid visit ola
few days 10 his old friends in this place. We
had no conversation with him oursell on the
subject, but understood that he made similar
statements of what was the determination of,
the administration in regard TO the currency, as
nre imputed TO him by our Chelsea cores
pondcnt There needed not his statement,
however, 10 convince us that such design ex-
listed, for this was made sufficiently manifest
before in the editorials OF the Globe, Senator
Wii.hl's publications, and in Gen. Jackson's
recent tiers TO Nj Blair.
We will remark here that for ourselves, we
place but very little re lance upon what subor-
dinate Clerks in the Departments at Washing
ton, like Colonel Buck, say about the contem-
plated measures of the Government, when
they are on visis to their friends just before
elections, OF at any other time. They know
no more about the designs or plans Of the
Cabinet, than corporols III tho army about The
contemplated movements of The commander in
chief, and they are kept at an equal distance.
People form very erroneous opinion Of the
importance of those UPpcndnges Of the Govern
ment. When they have a play day and are
travelling through the country they put Oh
their hest clothes and look knowing, nndtah
consequential; but they are regarded in very
low estimation at Washington, both by their
superors in office, and by community general
ly. Most Of them are proAigate and debased
in character, and generally have had their pla.
ces procured for them by their influential con-
neclions and friends as a means Of support,
because they were incapable Of obtaining a
living in any other way.
But no doubt Colonel Buck is correct in what
he says about the next experiment upon the
currency. The Globe says the same, and he
has obtained his information, no doubt, from
tina: paper;-and Col. Buck is also correct in
the result of such measure, should the people
countenance its being carried into effect
One dollar ,cM buy then as much as three dol
lar bill toiH notc! Zone TO ten was, however.
his degree OF comparson-super superlative!]
But the people will not suffer such an
experiment TO be made upon their interests for
the benefit of the Office holders and the rich.
1t would only be benefit 10 such; the mid
ding classes and the poor, the great majority,
it would overwhelm in irrerievable RUM
For it should be kept in mind that there are
some things that dollar will not buy as much
of as three dollar bill will now. l. will not
buy as much of ones debts nor of any foreign
commodity; so that its effect will be .olely
upon the labor and produce Of on own coun-
try. The poor man who now works for one
dollar per day will then Obtain only two shil-
lings-and the farmer who sells his butter now
at Is cents per ID. will then be obliged TO sell
ii at cents, &c. c. But what will be the
effect upon The rich man and the office holder?
Just this, their cash and securities and their
salaries will then be worth just three times as
much as they are now when measured by the
value OF labor and every domestic commodity.
We think, Mr.. Buck, the project of your mas
ters will rot take with your old constituents
go you must remain content with the present
value of your salary and your humble employ
ment Nevertheless, the people should be a.
wake, wide awake, to the pending Danger
Fer no doubt remains, that the administration
is determined TO bring about this state of
things.