The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-09-22
From the Charlottesville Republican,.
THE TRUE ISSUE

The press favorableto the Sub-Treasury scheme
Is attempting TO divert public attention from the true
issue before the people by enforcing the idea that
The Sub. Treasury, or National Bank are the only
alternatives and that one or the other OF these plans
must be adopted. Il is well known that large por-
ton Of the people of the United States are most yo-
lenily opposed 10 a National Bank, and that they
would resort TO almost any alternative to avoid the
establishment Of one.
The Sub-Treasury advocates knowing this insu-
pcrabe repugnance TO National Bank, aTfully avail
themselves OF II TO carry their favorte scheme, by
pressing the idea that there Is other way by which
National Bank can possibly be avoided IL is all
aperfect delusion the true issue before the country
and one which the people should well consider, is,
whether the credit system, under which the coun-
ny has 50 long aud greatly prosPered, shall be over
thrown and destroyed, or sustained. This Is the
true question, and the only one.
we 40 not profess to believe that all who favor
the sub Treasury policy are hostile to the credit
system" indeed we know that many are not, yet it
cannon be concealed that this is the ultimate object Of
many, and 10 effect that object alone they advocate
Sub Treasury policy. The repeated and bitter de-
nunciations of all corporations and all banks prove
too clearly the levelling spirit which prevails and
the extremity to which IL would drive. We car
nestly enreat our readers to ponder well the posi-
tion which they occupy, and the end 10 which they
are driving II ever there was crisis in our ma
tiona affairs pregnant with important events, and
charged with the elements of destruction, to our own
g FINE prosperity ana "0e'y' Ai0 = nN
We repeat and hope II will reach the ears Of eve
ry American citizen and sink deep into his heart,
This is e time. The policy Of the Federal Govern
ment under the guidance of some Of the wisest,
purest, and most patriotic of our statesmen from its
institutions the creatures of the policy
Of every State in the Union The major part of the
circulating medium OF the people, and the swelling
commerce of the country all ,all are struck at and
are involved in the result Of The present contest The
experience Of the past is 10 be laid aside and sys-
tenn of experiments 10 be entered upon which say
the least Of Them have never been adopted by
| lightened, free and commercial people. Can the
people be insensible to the danger which surrounds
them Can they be otherwise than filled with the
most fearful apprehensions for the fuure2 Can they
draw aside the VEIL which closes upon their vision,
time 10 come with any but trembling hand, and a
justice to the honorable and patriotic feelings which
prompts the Editor of the Richmond Enquirer to lay
The Subtreasury question on the shelf for the present.
we cannot concur with him in opinion as to its pro-
| priely. II is still pressed upon the country II is
still to be pressed upon Congress, and is made the
| ralyng cry at the elections. As the conductor of
free press and believing that this scheme isfraught
with Infinite danger not only to the prosperity but
the free institutions and liberties of the country
cannot remain silent. We should feel that we were
recreant every consideration Of patriotism and of
truth if we could reT.ain SILENT while the friends Of
the system pressing in every direction with SO
is the fountain from which the people mainly draw
their political information, and in which they read
the history of the times. Its purity, veracity, cou-
rage and fidelity as necessary to the preserva-
ton Of moral virtue and the true principles of popu-
lar liberty in the midst of political agitations as
| fleets and armies are to the defence Of the coun-
try In time of In discussing this vital and in
teresling question in our columns, shall have
gard to that respect which we feel and which is due
to our dissenting friends; we shall employ no cpl
| the no party slang. Reason and fact will be our
weapons, and when they fail we shall give over the
contest.