Iowa news. [volume] (Dubuque, Upper Mississippi Lead Mines, Wisconsin Territory) 1837-1841, 1838-01-13
NO. 80.

'Jo'e'iss ior! VINO has carried out any mcaS
sure against the administration? The difficult
.es OF the answer show how little it takes to
turn mems minds. Suppose the wings press
:, national bank; the President will then have
.he strength OF the conservatives with him.
Suppose the conservatives press their state
nank scheme; will not the wings oppose il, AZ
, ,iiey always have and always should! Mr..
van Beren will thus have the opportunity Of
testing the merits and honesty of his plan,
whist the other side are wasting their strength
IN iruitsess opposition. Should he demonstrate
W Inc country that the government can in that
io ~ eohset and dlsburse the revenue---that
IL alminishes The paronage of the executive.
that 1t saves the business Of the country from
violent shocks---that it relieves the general po-
vernment from the need of Incorporating a
large, and it may be dangerous Institution.
as the fiscal agent Of government---that il pre-.
vents the state banks being bound into tn in.
terest to dictate what shall be the legislatiea
OF the coun'ry---and relieves the people from
the absolute need Of taking paper money!.
Should he demonstrate all this, md he can, he
will enjoy the lasting gratitude of the people.
/ One effect of his scheme will be to lower
prices, and il is this with which he ha: to war.
II that were not the case, opposition to it would
DC so slight as scarcely to be worth naming.
A warm and esteemed friend of mine, who
supported Gen. Jackson, told me, evening be-
fore last, that if the doctrines OF the message
| prevailed. he should have to sell his houses,
his lands, his hnives and his forks---,hat he
should lose all and be in debt He goes now
iora national bank as the remedy of his ills,
which consist Of contracts for purchase ofland.
made at the high prices, produced by an ex-
lpandod currency Of paper. Sincerely as Ia.
ment his condition, aud glad as l would be to
give him succor If it werein my power, can
not consent TO go back to the same position Of
an expanded currency for his relief, and that
lofthe thousands who are in the same predica-
mcnt. If any other scheme can be devised,
which does not dcbasc and destroy the cur
roncy. lei i, be adopted. 1t is inequtable that
he should pay two dollars for one, which he
had promised, but in any event it must be so,
/ since al! the legislation in the world cannot
HELP matters. They are irreirevable. A doll
lar can only be made in ono way,-by labor,
mol by legislation. The people must be made
wild again before my friend can escape from
and it viii be some years before the lessons
are forgotten which are taught by the recent
disasters.
There is one topic upon which have said
nothing, and that is the probability that the
banks viii resume specie payments in May
next, and thus be made the fiscal agents Of go-
lyernmert under the law as it now stands,
winch declares that the government shall Sc.
lect It's fiscal agents from among all such.---
This Is an apparent obstacle to the continuance
OF air. Van Buron's snb-treasJry scheme. In
the first place the bank convention now sitting
here is about to adjourn without fixing upof,
any day for the resumption ofspecie payments;
and secondly, it is supposed needful that the
state legislatures lnterpose with the credit Of
the state, and authorize an issue Of small bills
before team be done we'll and generally. This
would be an unsound way of resorting to spe-
Gle paymcnls---to wit, authorising an issue Of
such bills as would never be demanded in spe-
Gle, on account Of their equal convenience
with gold and silver circulation.
I Without going at large into this subject,
will simply ask what the result Of going back
to that system wonld be, as it affects party
lst. 1t would settle, as have before said, the
Questions connected with the currency, and
leave tho wings nothing to fight against except
that. The leaders are too intent upon the pre-
sldency to permit such result; aud if they do
not join Mr.. Van Buren, in repeating the law,
making it incumbent on him to use the banks.
they will play into the hands of the couse,ya-
iucs, and Their plan will be in operation. That
They expect this is very clear. What Mr.. Van
| Buren, will do in this emergency, tits difficult
to say. Whether he will shelter himself be-
hind Gen Jackson's position, that the law ma
king it incumbent on tho executive to take
gold and silver, or bills ofspecie paying banks
for dues and laud, authorizes him TO select the
alternative; whether he will say that the banks
are not specie paying really, but have that
character simply because their bills are not
demanded, am unable to say. He could
escape from all the dangers Of his position by
aiding return to specie payments, and adopt
| ing the policy Of that law; aud If he prefer
cunning to wisdom, present success for fu-
ture homer, he will take that course. But I
believe he is made of the stwG to prompt him
to stand by the country and its permanent PROS
Iperty. Yours, &c. 6. as.
"Let tue wing press speak," says the Bal
limore Patrotr Veiy well---and what does It
sayl Read:
s'As matters now stand at this moment, there
can be no question that Mr.. Clay has the lar
gest share otthe wing favor" --Rich. Wing.
ssWe have net the LEAST doubt that Mr.. Web.