davidaulloa/AmericanStories huggingface dataset:
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
New YoRK, Dec. 25, 1887.


Dear Sir-After concluding my last brief remark,
on the impraeieabilty of carrying out the Special
Deposite plan il occurred to me that of its adj
vocates, were probably fully aware of the impossi-
bilily Of reducing it to practice, but hoped for its
passage that the Sub Treasury scheme might vir-
tually be substituted iciout the difficult process of
forcing it through Congress. On further reflection
this appears to me unquestionable and call on the
patriotic members of Congress to res,a the mcU
scheme with much zeal as they did the preceding
expedient. If the Special Deposite scheme fails
which 1t must-the Secretary of the Treasury will
have the plea of necessity for his substitution of indi
vdual depositaries and before we are aware of it
the yoke will be on our PROSTATE necks.
This is Christmasday, and the sun shines with
warmth and geniality gratefulas unexpected. The
mighty mass Of human beings who are gathered
within our borders are astir, and the juvenile por-
tion of the population-decked in their holiday at
tire-skp along the pare with health and enjoyment
beaming on their countenances. Happy beings!
they neither know nor imagine the Of their ell
ders; but in the serenity and confidence Of youth and
innocence snatch the flowers of life that spring up
in their path, without pausng to anticipate the hour
when the leaves will wither and their fragrance be
exhausted. If we of the busy multitude were in
certain degree to emulate their light mindedness,
the change might be attended with beneficial re-
suits. 81. y .@.s.. .~a LIZ e..
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28

No scarcity of naoaey-We understand that several
of our City Banks have not applications for one half
that they are both able and willing to discount The
time of relief therefore, so long and anxousy pro-
phesied has already arrred II is said that in conse
auence of the dearth of business, there is demand
for money This is common logical error-mis-
taking the effect for the cause. The dearh of bust
ness arises solely from the real or supposed scarcity
ofmoney 1t is now so long since either banks or in
dividuals would discount that il takes some time for
men fully TO realize that they actually get money
on demand with satisfactory paper. Let us cheer
up, therefore and apply with undeniable paper, to
banks and individuals, and go ahead Capitalists
have begun to discover that they live as well on
money at interest, as on money lying dormant The
causes which some months ago endangered securi-
ties and created bankruptcies, havespent their force
The storm has swept over us, and the sky is about
becoming clear-N Y. Star. ~ ..
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
E,om fhe Fail Piper Pairiof


Loco FocoisM-The Albany Argus has promised
to give an illustration of the meaning Of Loco Foco
ism--and we have some curiosity to know what will
be his illustration Of that doctrine, and still more 10
see if that political doctor will swallow his own ply
sic af er he has prepared IT, The Richmond Enqui-
rer describes Loco Focoists as the floating scum
the rabble followers of the camp A writer in the
Madisonian says, the Sub Treasury system, in its
political features is true loco oco measure, as il is
calculated TO destroy the banking and credit system
One distinct principle of the Locos, recognised and
avowed by the party one year ago was an exclusive
metallic currency But finding that the people would
not swallow that whole, some of the leaders of Loco
Focosm, have qualified their former avowed doc
trne and in hopes still TO gull the people with ano-
Their humbug, have pretended that their object is not
an erclasirc metallic currency. But the people, as
facts have already proved not to be thus duped
Another distict principle avowed by the Locos has
been unqualified and uncompromising hostility 10
bank notes and paper money as circulating medi-
um" But we are TO have an illustration of the
meaning of the word by the Argus one OF the lead
ing Loco papers in the country-and will therefore
wait for that explanation no, doubling but that twill
b, an ingenious if not an amusing exposition.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
From The Delarare State Journal

No one who has accurately traced the career of
Mr.. Calhoun from its outset TO the present time, can
have failed to observe that of all the public men in
this country, he has been the most remarkable for
the inconsistency of his opinions, and for the vo
isnoe with which he has run into the most opposite
extremes. Within the last twenty-five years, he has
been on every important political question: and has
been equally positive and pertinacioris in all tho
phases he has worn. When he set out in political
life, he was liberal on all constitutional questions
He was the warm champion of the Bank Of the
United States the leading advocate Of the protective
system in lSl6-n 1924, as Secretary of War, he
ternal improvements and OF national Notifications
Now, he is the reverse of all ths-a nullifer-a
word which, according to our Interpretation implies
an enemy Of the Union. He was warm Jackson
man, and as warm an anti Jackson mamie was
bitter opponent Of Martin Van Buren, he is now his
prime champion in the Senate.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28

!" A hundred banks, like so many masked batteries,
hare made their po,cer felt inaantaaeously throughout
Ne1 Yoyk."-Gobe, Of December l4h.
This is but reiieration ofthe unfounded reproach
that the State banks, which are controlled by demo
cratic officers, are In the political arena !" that
like masked batteries" they are waring upon the
democracy Of the Stale. Such imputations, which
every man OF political information in the State
knows TO be undeserved, and every democrat who
happens TO be interested in banks feels to be SIAN
derous, are too common with the Globe. They are
the more Inolerable and reprehensible because the
Globe processes To reflect the sentiments Of the adj
ministraiion; an administrator brought into power
by the warm and jealous exertions Of the very men
thus roughly assailed Its Inference are bold TO
say has been in the highest degree pernicious.-
Utica Obserrer
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28

shown to me- in which you make certain statements de-
rogsio 10 tho character and credit OF this institution
and its officers. based upon publications made by Reu-
ben M. Whitney, which have not seen, and | lose
time in correcting the Misrepresentation which they
contain.
Every statement contained in my publications, relat-
ing TO the agricultural Bank, now re-assert; they
having been founded on what deem most competent
authority II the condition Of the Bank was not such
as represented in my publication, then, the
Bank have mi1spresentsd itself
The Cashier says
IL is not that the Bank ever applied 10 Whitney
to act It's agent would il have employed him us
such, upon any terms iehatsuer,"
deem it necessary, in reply, only to observe that
never offered my services TO this Bank, nor would
have consented to have acted its agent upon any
terms tchateper."
The Cashier concludes his letter with the following
"And leave for you and your readers to conjec-
ture what motives could have Influenced r. NJ Wmlr-
NEy, to publish libel upon institution which has had
the independence to manage its business with the
Treasury Department without his aid and regardless OF
the influence he might exert against it"
The spirit which animated the writer Of the letter, is
fully shown in his allegations, that my publications
l,ohieh he says he had neuer seen y contained belu
IA libel against institution pheh has had The iade-
pendenee 10 manage its busiasss ,ch The Treasury
Department" in so skilfn and independent manner as
to be the first bank, which was employed by that De-
partment, to fail with than miioa Of lhe public
money in its hands the whole Of which il had or ought
to have received in specie and that in less than one
year after its appointment
am not surprised, this bank refused the deposites
when offered, in August, 1884, when the position its
officers occupied, less than FIVE months previous, during
the panic session considered respecting restoring the
Deposites. Its conduct, aiing after was
appointed depository, and with large sum Of the
public money in its possession gives good reason in
my opinion, for suspectng its integrity Of purpose and
clearly shows tina. it unworthy Of the confidence
reposed in il.
VIII the CASHIER collect all the correspondence
which took place in relation to the applications made
by and in behalf Of this bank obtain the appointment
and publish it He will then be able to deal in facts in
place Of probabilities.
r. M. WHITNEY
Washington, Dec. ~, 1887.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28

Extract of litter fran gentleman al LiHe Rock TO
his friend in Louisville, Kentucky, dated December
10, 1887
awe had an unfortunate scene enacted before us
day or two since Our Speaker (of the House OF
Representatives in consequence Of supposed insult
offered by member, came down from his armed
with a Bowie knife. and was met by his antagonist,
Major j. j. ANTHONY with another. The Tehcoun-
Ter lasted but moment, when Anthony was left dead
on the.h floor and the Speaker left with one hand
nearly Gu, off and the other severely wounded The
to protect lis character, expelled the Speaker Col
JonN Wn.sos, of Clark county, man who has ior
wears filled the chair was President Of the Convcn-
iion and in every respect an amable man, bu' Vio-
lent in his feelings. "-Psbiie ADJ.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28

HILvETIUsi singularly apropos at this time.
1t is well known that many are dragged along
in the reluctant support Of measures which
neither their hearts approve nor their con-
science sanctions" To the attention and
reflection Of such subseruatiues we commend
the following
"A slave in the presence of his tyrant
has no opinion andno character. kouli Khan
supped with favorite, who ordered new
kind of pulse to be served up. "There is
nothing more pleasant and wholesome than
this pulse" said the monarch. " Nothing
more pleasant and wholesome" replied the
courter. After supper Kouli Khan found
himself much indisposed, and he could not
sleep. When he arose the next morning he
said, Nothing can be more detestable and
unwholesome than that pulse" "Nothing
more detestible and unwholesome," said the
courter. But you did not think SO last
night" observed the prince "what has made
you change your opinion 7" "My respect and
my dread" answered the courtier; 81 can
curse the food with impuntiy | m the slave
Of your highness, and not of the pulse."-
Thus we see that the despot is more horri-
BILE than the Gorgon; he petrifes man even
to his thoughts.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
Pennsylvania Banks.

From the above statement, il will be seen that the
specie ofthe New York Banks Is to their immediate
liabilities as to 81, while the specie of the Penn
sylvania Banks is to their immediate liabilities as
to 4 l-6
Comment is unnecessary. The facts speak for
themselves Philad. Herald.
The question then is, why, with such superior
ability to resume, the Pennsylvania Banks refused
agree upon any specific time for the purpose, while
the New York Banks, with less ability, as it would
seem, from the above statement urged in vain the
fixing of day, and that an early one, for the re-
sumption. Were the New Workers in too much
haste to resumed or were the Pennsylvanians in too
little haste One the other conclusion is newt
able-.JouraaL of Commerce. -. ~
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
CONCESSION AND COMPROMISE.

sYLLoGlsM.
Jefferson inculcated liberal compromise
Of opinions as essential to the unity of po-
litical brethren.
We are opposed to the sub-,reasury
scheme upon principle.
Therefore we do not come under Jef1er-
sons rule on this subject.
Principles are not to be conceded or CON-
promised.
Opposition to the Sub-treasury scheme is
founded upon the principle of giving, Ito
use General Jackson's language) "as little
discretion as possible to executive agents"
But the Sub-treasury scheme is calculated
to give as much discretion as possible to
executive agents.
Therefore, opposition to it is founded up
on principle, which cannot be conceded or
compromised.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
The New York Correspondent of the National

The New York Correspondent Of the National
Intelligencer writes ..~ M.
Our banks, it is quite certain, will resume specie
payments, May LIST. This is the day on which the
suspension law Of this State expires"
SpEcE.-The ship Chester, at Philadelphia, from
N. Orleans, brings SS5 900 in specie, account of
the Bank of the United States.
Money, to Judge from the price Of stocks, was
abundant in England The approaching refux of
specie to this country, is thus referred TO in Lon
don paper of 4th November:
1t is now considered not improbable that bullion TO
amount will find its way back again TO the U.
States. In fact two entries have already been made
of 10000 ounces of silver coin, and the other
not esimated-for The export of specie to New York.
Confidence being now restored as regards the mer-
chants in the United States, these shipments will no
doubt become numerous. -"
The Vesta brought $4,000 in specie to N. York
on Thursday last, from Rio Janeiro.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28

II is essential to epery modification Of the
finances, that The benefits Of an uni form national
currency should BE- restored TO the community"
Mr.. Madison.
The Warenton (va.) JefIersonian quotes
the above, and adds. 1--WE ask, does it
not seem clear that Mr. Madison contemplate
ed some such result as that proposed 10 be
brought about by the Sub-treasury measure 2"
Mr.. Madison never dreamed Of a Sub
treasury One of the measures however
contemplated at the time he uttered the
above, was the joint resolution of 1916, as
We can show from the records. This joint
resolution of 1916, which has been for 90
years in successful operation, we are in favor
Of re-enacting. And this is the substance
and aim Of Mr.. Rives /" currency bill"
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
GOV. CASs AT JERUSALEM.

Extract OF Ietler from The Rev.J. r. Lanneau.
jerusalem, August IA, lS37.-We have lately had
visit from General Cass, (late Secretary of War,
and now ambassador to France,) and family and
suite. They came as far as Jaffa in the U. s. Fri
gate Constitution, and were accompanied here by
Com Elliot and several of his officers. The Gene
raj and family staid at Brother Whitneys, and Com.
Elliot, and the other gentlemen, seven or eight in
They were here nearly week-went to the Jordan,
and The Dead Sea- and left on Friday for Damascus
and Beyroot. Mrs. Cass and one Of her daughters
remain here on account of the feeble health Of the
latter, until the ship returns TO Jafa, when shall
prob lblv go down with them The general is fine
man, and an honor to our country. The civil and
military authorities have paid him marked respect
and attention Charleston OBS.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28

The Bill to suppress the circulation Of small
notes in the District of Columbia, passed the
Senate on Tuesday, by vote Of 81 to l.
Mr.. Swift, of Vermont being the only Sena-
tor voting in the negative.
II may be wise policy to make an example
of this District for the general imitation of
the State Legislatures, and we are certainly
in favor Of sweeping shin plasters" of all
descriptions up to FIVE or even ten dollars en-
trely out of circulation. But no Legislation
or power can force specie into circulation, as
money in this District as long as it is an arti-
Gle of merchandise in the surrounding states.
Congress may also enjoin the banks to resume
specie payments by the first Of May-they can
probably reduce their circulation to compare
lively nothing, and save their charters from
the penalty Of forfeiture by nominal resump-
ton. But can the banks Of this District re-
sumo specie payments unqualifedly, and sup
ply the District with its usual currency, until
the banks Of the States shall have determined
to resume, and specie becomes no longer an
article Of purchase and sale in the market!
We answer no-and all Legislation upon the
subject is only calculated to serve party OBJ
jects more, and benefit the people less.
We have recently been subjected TO the
doctrine that Congress has no control over the
currency that it ought to be "let alone" to
itself and the people, and that every individual
should have the free privilege Of banking.
We now have law from the Senate Of the
United States to regulate the currency of
Marsh Market, in the District Of Columbia -
for in that quarter will the operation of this
law be principally felt. We have not object
ed to the law, but are. only reminded BY it of
the "jewelry' Of political consistency, and
the gracious attitude Of the democracy Of this
District relatively to Congress.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
90
l25,OO0 90
10000 90
b.. 1880 90
1850 90
1900 90
81. 29o.25O 90

Now it will be perceived by this statement that II
the other States manage their banking concerns as
well as Pennsylvania, that TO nearly every hundred
thousand inhabitants, they might derive an income
OF about 100000 which would go very far towards
paying all the taxes Of the State. Will people,
whose are thus paid, be likely to destroy the
institutions that pay thus literally for the privileges
they enjoy?
According to the rate that the Key-s'on State
taxes her banks the thirteen millions of our popula-
ton would have about $l3 millions Of taxes paid for
them.
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
Extract Of letter from gentleman in Tennessee TO
a Number Of Congress in this city.

Extract of letter from gentleman in Tennessee 10
a Member Of Congress in this city.
DEAR SIN: l have read your speech with no ordi-
nary interest. The cogent and overwhelming argu-
ments you urge against the Subtreasury scheme,
have filtered to the winds my predictions for the
Sub.treasuries, and convince me that great
cumulaton of executive power in the hands of any
Chief Magistrate is dangerous to the purity of our
republican Government, and subversive of the liber-
ties of the people.
Your able defence Of the State institutions against
the ruthless attacks of corrupt crew,
has won for you the lasting gratitude OF the Amcri-
can people. The more efectually to PROSTATE the
State banks Mr.. calls upon Congress
TO pass bankrupt law which would arm the Presi-
dent with power TO discontinue one Of those insttu
tutionS at will
The doctrine that Government has no right to af-
ford the people good currency, and that all that
Government has to do is 10 take care of ITSELF is, I
say, doctrine Of modern origin IL this heretical
doctrine is acquiesced in it will defeat one of the
great objects which the frames4 II the constitution
had in view; when they receuhended the union Of
the States, for the better safey - ALL and one Of the
evils no doubt that they were anxious 10 avoid
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28

laws Of novel reading 10 peach about H. The work
Is for sale by Franck Taylor, Pa. Avenue
The Cry oP THE SULTAN: BY Miss Pardoe, au-
thoress Of Traits and Traditions of Portugal Phi
ladelphia: Carey, Lea Blanchard ? vols. 1897
Miss Pardoe is one Of the most elegant, observing,
agreeable and facinaiing writers Of the day. As
skeicher oflravels, she has few equals She is the
Lady Montague Of the age; for truth and beauty Of
description. We need not say that so popularis her
book, that there is scarcely paper in the Union,
that has not copied from It,
For sale by +. Taylor
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
APPOINTMENTS ny TIE pNEerprrr

APPOINTMENTS BY THE PRESIDENT,
BY and rih he adpiee and eonseHt Of tie Senate.
ATTORNEYS
Robert G. Nichols for the Eastern District Of Viz
GINA
Tilghman A. Howard for the Dis,ric, Of Indiana.
John 8. Darcy to be Marshal for the District Of
New Jersey
James K. Gibson to be Deputy Postmaster at
Abingdon, in the State of Virginia.
JUSTICES OF THE PEACE.
Joseph Forrest, William Waters, Charles III.
Wilberger, and William ii. Gunnell, for the coun-
ty Of Washington, in the District Of Columbia.
James Carson Cor the county Of Alexandria, In
said District
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
BIBLIoPOLY.

VANDaLruR; or ANIMAL MAGNETISM. Philadel-
phia. Carey, Lea & Blanchard, vols. 1887.
This novel is OF foreign fahrick, but so much The
better for this-though no derogation to our native
talent. II is capital satire upon mysteries, and
mystifcalon, and will be read with great interest.
The motto is the index of the book:
Eye shall have miracles ay sound ones too
Seen, heard, attested, every thing but true.
Vailed Prophet
We shall say nothing about the story or sequel OF
Vandalieur, because we hold il TO be against the
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
A SYLLOGIS M.

! "A bank from its nature is allied to the
aristocracy Of wealth, and not to the democ-
racy Of numbers. Globe.
The late elections were carried by the
force of numbers"
Therefore, it is incorrect to say that the
result was effected by the influence Of banks,
for they are sailed 10 the aristocracy Of wealth
and not to the democracy Of numbers"
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28

The Inaugural Address Of Gov. Wallace is well
written docume nt and furnishes some very interest
ing statistical information with respect 10 the popu-
lation and resources Of Indiana The yearly acces-
sion Of population since 1880, Is extraordinary
The taxable polls in 1880 amounted to So, 1876 in
1885 TO GA $50, in 1886 to 77,43s and in 1887 to
5000. These returns are considered inaccurate by
the Governor, from the fact that at the late election
"a GOO votes were polled whereas is admitted BY
all parties that moi less than Is 10000 voters did
not 90 To the polls. .n..' ~
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28
To NE Publisher of the Madisonian

have just seen in the Ne,c York Courier and En-
q"rer OF Monday last, letter signed A. p. Merrill,
Cashier of tho Agricultural Bank of Na,chez, dated
the 9Th inst
The Introductory remarks Of the C. & E, to cover
Its own misrepresentation, Icannot condescend to
uce 49,.
The letter Of the Cashier commences
10 Inc Editor Of The Courier aud Enquirer
S'H-Your paper of Nov. 81, has lust now been
The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-12-28

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