The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-25

In France at this time Che close Of lSlo) the
transfers OF money are made chiefly In specie, very
little paper being in circulation because CREDIT
u almost aied IN that country By The despotism e The
Government FAieA renders all private property inss-
cure. In Algiers also, the government, OF which is
nearly as oppressive as that Of France, the medium
Of exchange consists almost entirely Of gold and sill
yer. The reason Of this Is obvious. ~ Is because
despotism and credit are Incompatible for who will
voluntarily trust him whom no can compel toP pay
his debtsf Hence The aburdity Of sHpposing that an
old sasiaped eoumtyy become extensively conn
mereial. The rigours Of despotism must be sofiened
before ever the germ Of an extended trade can be
planted; before credit which is the true almeni Of
commerce, can ripen, or even strike root into the
soil.
In Russia the government has long endeavored 10
create and foster an extensive commerce. but all the
attempts Of the Museovie monarchs, from the First
Peter down to the present Alexander, have been in
efectual and scanly trade, together with eirex-
Laton consisting chiefly Of specie, continues 70 mock
their attempts 10 3nits dsspotism ViA commercial Gre
dit In order to establish that mercantile confidence
which alone can substitute paper currency in the
room Of specie for the purpose Of carrying on the
sian government must give much greater security
to the life liberty and property Of its people than
can possibly be found in the contents Of aka% or
Imperial Decree, published by the uncontrolled will
of the Sovereign or at the Interested suggestion of
his courtiers. Bonaparte and Alexander may con-
tinue for pAe to be great military powers, by
tinuing to Cypress their people, and to sacrifice the
happiness OF their subjects to their views of per-
sonal ambition; but ID is not in their porer by all
their edicts and decress TO ENLIST COMMERCE IN THE
SERVICE OF TYRANNY"
Many members of Congress have lefl the city to
enjoy the Christmas holidays.
II will be perceived that many visiters present in
this city, are not much longer to be without amuse-
ment. II is announced that the National Theatre
will open early in January, with the appearance Of
Mr. Vanderbilt, who is well spoken ofin the northern
papers.
Snow fell in this city, for the first time this season.
on Saturday night, to the depth of three or four
inches. 1t makes our city bca(e)s right merry.
The New York papers state that the command of
the Exploring Expedition has been rendered to and
accepted by Captain LAWRENCE KEARNEY.
prosecution is pending in the New York courts
against Thompsonian doctor, by the name of Frost
The Star says Froas trial is likely to endure all
rinter.
The wit of the Star enjoys thar
The New York Daily News says it was quite
"boyish" in US ito get mad about the Presidents
Message"
1t was very old ,comanish in the News to have
noticed it.
The Boston Post says "that not Wing in all the
land is "jinuine" unless endorsed by James Watson
Webb"
So there is not democrat in all the land unless
endorsed by the editor of the Globe. But he don't
back us, although he has his saddle in hand.
Report says that politician, after returning from
a late and exciting debate in Congress, thrust his
head into the boot-jack and imagined he was draw
ing his boot
The Portland (M..) .Je6ersonian, an administra-
ton paper prefers National Bank to the "Pet
Bank system"
1t advocates an impossbility (the Sub Treasury
to conceal, as many do, we mistrus the real object
of its wishes.