Southern telegraph., 1837-06-06

lary ofthe present gold and silver currency
administration, Ate, setting ont that TIE
Department viii continue to issue warrants
and checks as heretofore, the Secretary
gavely sayss
aT'hs Treasurer viii draw these checks
'only on such Blnks or officers as have
'hcrctoloro received ample funds to meet
them, and Il is therefore hoped that they
'will be promptly paid in a manner salts
factOgy to the holders; but ifthey shtll not
'he paid when presented, the c Electors Of
Customs and the Receivers Of Public
Lands, will he instructed to redeem in he
ehalf of the Treasury, BY RECEIVING
THEN FOR DUTIES AND LANDS!n
Ii they are not redeemed in either Of
! these modes, and notice Of the fact is CON-
municatod to the Department, no rcasona-
tbla efforts viii he spared to preserve the
'puhlic f.ith inviolale, and to cause them
tto he otherwise discharged as soon as pos
rsible in specie orits equivalent, as the ex-
sistin5 laws require; and returned to the
Department, and remaining uHpaid until
che merit session Of Congress, il riH fesl
tborna EARNESTLY To REQUEST AU-
tTHORTfY FOR EARLY MEANS TO SATISFY
iTHEM IN A MANNER ACCEPTABLE TO THE
HoLDERs"!!!
This document is most melancholy
Commentary on the chlrlatan policy Of the
late and present administration. After
succeeding, by the most shameless and de-
grading means, in destroying the best cur
rency upon elrth; after elovating The hopes
Of the ignorant and unthinking, and induc-
ing thcmto indulge in golden droams,which
the least reflection would have taught them
could neverbe realized, the country is sud
denly permitted to awake in the midst of a
deluge Of RAGS, and an inundation of val.
ueless and deprecated paper currency.
Two years ago, the administration orators
and presses assured the people that we were
on the high road to IN ample and perfect
metallic currency-that "a back current Of
GOLD would roll up the Mississippi
and, like the rich food of the mighty river
Of Egypt, flow on uncheckedand unexhaust-
cd, until all its banks should glow with the
gliticring treasure, AMI the people revel to
sntlety in spontaneous and enduring wealth.
What is now the fact9 The government
is bankrupt; the people are groaning be-
meath pecuuiary pressure that is without
aparallel; the public creditors are paid in
rags, or not at ALL and the Treasury De-
partment is circularizing, instead of satis-
fying their just claims. Look at the half
dozen alternatives Of Mr.. W1olbury's mode
Of payment:
lst. lie will check upon broken Blnks,
for "specie or hs eT1ioalcnt" II these
checks are not daily honorcd, las he knows
they will not and cannot BEL he will,
I'd. Inatruct the "colectors of customs
and receivers Of public lands" to pay them
ia lands or receive them for duties. If the
drawers do not owe at the custom houses
or the land Offices (as nineiy-nine one hun
dredthS Of them do not,) they must then re-
port to the Treasury Department, and wait
for payment until the noxt session of Con-
gross, when he will,
3d. "Earncstly REauEsr authority for
EARLY means TO satisfy them in manner
acceptable to the hOIders"!!
This is the finale Of the specie humbug--
this is the commencement of Van Buren
glory. i.
MIssTzsTppT A Ihert q McNutt of VicL