Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1837-09-30
Correspondence Of the Baltimore Patriot.
WASHINGTON. Sept. Is. 1887.


October instalment Of the De2ositcs, passed the
Sonutc to-day
! Nothing short Of tho number Of Senators suffi-
Gient t9. Xofe> rror 1xw, could add 10 the
effect of the mastery speeches made against it
by WEBSTER, PRESTON and CRIrTENDEN. l trust
they will all soon be published, that the country
may know the true character Of the first plan
which the administration has brought forward for
its orn relief and convcnience--wbile it refuses
to do any thing for the benefit of the PEOPLE.
Mr.. WEBsTER's speech was in the main strictly
argumcntati yet he touched on some collateral
topics Of great interest, and enchanted the attcn
ton of the large audience, by his clear and
GUS mode Of exposition and illustration. No man
excels him in the faculty Of popular reasoning.
He took up the Treasury Report, and commented
on it at one time, tone OF severe and indignant
censure, at another with the most keen and eau
site sarcasm. The Sccretary's project for the is
suancc Of Treasury Notes, he declared. was moth
ing more or less than proposition to bring up
gain the old continental money. "Sir,' exclaim-
cd Mr.. WEBSTER, "ifthe genius Of the old confed-
Grafton were now to revisit US, and staH through
the chamber, he could not give q more exact
model of the old continental money, than has
been presented by the honorable Secretary
1t is indeed remarkable, Mr.. Editor, and the peo-
pie ought to bear in mind, that this notable at
tempt to resuscitate from mouldy vaults Of days
gone BY, the old continental money, has been
made for the first time, in the fourth fifth year
Of the experiment to reforms the currencyM
Mr.. WEBSTER exposed, with singular power,
the monstrous inconsistency between the theory
and the practice Of the Government, in most
material point. The President declares that it
is not the province Of tho Government to have a.
ny thing to do with the currency, to adopt any
measures to control, improve, or affect it in any
way; yet in the face Of this declaration, the Sec
rotary of the Treasury proposes, in several pac-
es collaterally, and once or twice directly, car
rcscy-a paper currency too!-and the President
L Az Job ~
ces that doctrine, recommends q measure bearing
directly on the currency, and Car more severe and
injurious than has ever been proposed, in relation
to the same subject, by the most unjust and OPP
pressive Government!!-For the alledged pur-
pose Of giving to the people relief from the evils
Of q deprecated currency, he recommends that
the State Banking lnstitutions-not the Deposite
Banks merely-but ALL the State Banks be put
under commissions of bankruptcy. Now what
right has the President propose such relief,
OF Congress to authorize it, if the Gcncral Gov
erament has nothing to do with the curreacy, OK
are cosscemed.-Hers % incoasistency to be OK
plained-here are cootsadet to b seconcije9.
Mr.. WEssrxR urged thes6 with great force an1
directness, and challenged ssply. But not . man
Of the administration attempted to respond 10 him
ON that point. The esnsciousness Of being in
the w:eag .aade eowasds Of sAe":-snd sealed
The great Northern Statesman insisted that it
is the imperative duty Of Govemneas-a duty
which pursues ard adheres TO it sver-an obliga-
ton from which there is escape-tO adopt
some measure Of general and substantial relief
He was not for limiting the means or sxpedients
Of the administration; but said the man now in
power had destroyed Of the institutions Of the
country that did contribute to the public benefit,
and he insisted that they were bound to find sub
stitute for it. They were called upon by every
consideration that ought to actuate psblic men to
fulfill the duties incumbent upon then.
feel compelled here to take notice Of the IA
grant Misrepresentation Of Mr.. WE1srK1'scourse.
made by the Globe Of last night. Ram himself
was prcsesf-so that there = MT the Slightest =
poiogy for the article as nis-statement merely.
When he wrote sMr Webster insisted the Uni-
ted State. ought to borrow the money to depcsite