The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-10-06
From the Charlottesville Republican
PRINCIPLES AND POLICY OF THE
CONSERVATIVES.
NO. III.


In our preceding numbers we have shown by facts
which admit Of no controversy-by the evidence of
the record itself-that the Conservatives in opposing
the Sub.Treasury scheme, now occupy the identical
ground which, till lately, was occupied by the whole
Republican party. We have exhibited the strong
terms (bu not strong than just, } in which the
scheme was denounced by the accredited organ of
the administration in 1s34-'5 and in addition 10
that, we have shown the unanimous poc of the party,
and the overwhelming majority of the Representa-
tves of,he people, by which it was then rejected and
condemned. We have examined and ANALYSED the
project itself and endeavored 10 deveope its true
character and most dangerous and fatal tendencies.
We have shown that in every true government the
manag cement OF the public rcrenae is question vital
to the public liberty; and that to deliver it over by
means of the Snb-Treasury scheme into the hands
of the President, with all its concomitan machinery,
and powerful means of influence and corruption,
would be, by degrees and in effect, TO the Ian
guage of Mr.. Madison's monumental Report of 49,
49, "to transform the present Republican system Of
the United States into an absolute, at best, mix
ed monarchy" We have shown how senseless and
unfounded the clamor, gotten up by the party and
propagated through prejudice, by which il has been
attempted to decry the State Bank Deposite System,
which gave the most signal and triumphant eviden-
ces of its efficiency, Till overtaken by an unprece
dened combination Of adverse circumstances, not of
its own creation (before which every interest Of the
country was compelled momentariy to bow,) and
which, by its prompt recovery from those embarrass
mens, has added new proofs Of its native strength of
constitution and OF It's capacities Of usefulness I'M
der wise regulation. We have shown too how idle
the endeavor and how disingenuous the artifice, I'M
der these circumstances, to attempt TO farce upon the
people gratuitous issue between the Srb-TTeasury
scheme and National Bank, for which there is no
proposition before the country and TO which, as well
as TO the Sub Treasury scheme, (hough whether in
greater or lesser degree has by means, appear
ed,) the people have hitherto manifested a decided
aversion.
The only issue now before the country is simple
and unmixed one. IL is this-Shall the Sub-Trea-
sury scheme, Notwithstanding its repeated and une-
quivocal reflections BY the Representatives of the
people, in shape another, during the late and
preceding sessions of Congress, and after the fullest
consideration and discussion both before them and
the people-Shal this fve-times-rejected measure be
yet fastened upon a reluctant nation by dint of party
discipline and official nfWcHeel Shall the sovereign
will of the people in this free Republic be bcstcgcd,
al last into surrender at discretion, by the drilled
perseverance Of corps Of political SapperS and mi
nerSl That this is the issue secretly or openly
made in all the elections and TO which the whole adj
mnStration party is now attempted to be rallied,
there can be no doubt Look at the habitual Ian
guage of the official organ at Washington, which
daily holds up this scheme the Shtbbolch of the
true faith--ook at the address put forth al the
close of the last session Of Congress in the name
of the ESQ calcd) Republican members, (though
several OF the Committee by which il was signed
were well known Till lately, as distinguished Fed
cralta0 appealing to the people in behalf OF this
cherished measure of the party-look al the adj
dress more recently put forth BY The Herki-
mer Convention in New York, CONSISTING of the
friends of the administrator deliberately display
ing the fancied merits Of the Independent Treasury