The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-08-26
From the Saratoga Sentinel.
THE LOCO FOCO DOCTRINE.

The Plaindeaicr of the LIST July contains address
adopted by the loco locos, at meeting held by them in
New York on the 9th June As 1t purports to give IN
a condensed manner the doctrines of that party, which
are but nperfectiy understood in the country, have
made such selections our limits Will permit.
"The spirit traffic Of all ohe the most incompati-
bic with the spirit of liberty The desire to buy cheap,
and sell dear, to make much and give little, whether
shows itself in the hghwayman the Spectator, is
equally hostile TO the happiness and the virtues OF society
and from the birth Of Carthage down TO the present time,
the tendency excessive trade has BEEN to blend the
pride othe yrant with the OF the slave in each
Individual wherever has been suffered TO prcdominate
II we understand the sentiment here advanced, it
would put a stop to all trade exchanges, and would
deprive the farmer mechanic from barerlng the pro-
ducts Of his farm or workshop from receiving there
for anything than their absolute cost.
81 ought TO be borne in mind, that
aurc the doubtful good Of extreme wealth without subject
ing others to the undoubtcd evil oil poverty. No
gam the whole soil of district without skipping all other
occupants Of such district Of their night to the soil
cngross any portion Of the fruit Of other mems labor With
out suhlecting others loss equal To his gain.
Hence doubt. the severity Of the denunciaons pro-
nuuncedby the carpenter OF Nazareth upon the engrosscrs
Of wealth who, in the very nature Of things must he
little better than beasts Of prey lying wait for the honest
aborers of society,"
Without stopping to comment on the irrevcrent
ner in which the Saviour is here spoken Of, dissent
IN toto to the doctrine ncucacd II notruo that
can become wealthy, without making others poor That
such INSTANCES occur we auft, now many nGTe
who by their industry and enterprise, not only enrich
themselves but add to the support and comfort at least
Of hundreds around ihem who not for the skill
Of master spirit, unchecked by system which would
blight all enterprise, would be suffering the evils Incl
dent to poverty How many yonng man is there,
too, with example thus before hun, who is aiming at
M elevation which, in this country, is denied
possessing industry and perseverance No man, it IS
true can acquire the soil OF nnighborhood without de-
prying Others OF right to the Zee tereof-But this
cannot be done by robbery oppression, the address
would seem to convey. Our laws forbid any thing of
the kind and the position is supemey ridiculous, and
unworthy serious refutation
alt is necessary that should advert 10 Of
those schemes which have been devised strip the la
borer of his earnings, and which anxious TO
hilatc.
1--WE will first speak Of the fraud OF spurious currency
The legitimate office OF money is, 10 regulate the dlV
bends OF the great partnership Of society Ia 10 each
contributor TO the wealth society, dividends proportional
10 the extent of his contributions. Money enables its
holders to take wealth labor from such members OF the
body polite as may have wealth labor part with; and
nothing can be just than that he who has obtained