The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1838-04-03
,.or the lash of our oppressors.

..,,,, bsar the lash of our oppressors.
.sIod why Van Buren, should be SO anxious
,..,oosure? 1t is easy to conceive. His sal |
w. - ,ra salary of every officer in the govern-
"''' 'nord be- trebed in value Instead of receiv
eo5ooOa year as at present, he would in effect
'"s $4,000. In addition, the whole currency
r,ho country by the provisions of that bill would be
,.Ior his control; and he would be poorer ard
re honest politician than he has heretofore shown
b,mseIC if he did not make it available to fixing
himself and party firmly in the Offices of the gov
ernmont that the people, though ground to the dust
nv his oppression, could never rout him. Again.
il is we'll understood that Van Buren, and the lead
ers of his party large propretors of bank Stock
and this measure would be directly calculated to
benefit them 1t is we'll known that owners of bank
stock are generally wealthy money lenders, and
though banks entirely destroyed, they could
not be injured. The notes which they Lave receY-
ed for oans always secured III tho best possible
manner, and ftheY regard their own private inter-
ests they would gladly see the currency reduced
two thirds, and those notes trebed IN value 4heir
banking operations il is true would cease, but they
would make more in three years by the rise IN val
ne oftheir notes than they could by banking IN
twenty years. And without doubt this cry against
banks this effort to put them down through the
Sub-Treasury, and to introduce specie currency is
with an eye to this very thing The cry has pro-
ceeded from a quarter that could not be mistaken,
and the people have been urged and goaded on to
their own destruction, by these specous hypocrites
till we are on the brink of ruin. To destroy banks
for the purpose of injurng the Stockholders is tho
height of absurdity. They in factare tho only ones
directly benefited, while the poor and middling
interestare the directly injured. Their prop
erty must be sacrificed TO pay their debts to the
banks, or to others who owing the banks; and
while tho owners of stock calmly view the
conyuIsions occasioned by their calling in their debts
the poorer classes and tho active business part Of
community must wrthe under the distresses heaped
upon them.
But should the bill pass authorizing government
to receive bills ofspece paying banks for customs,
postages &c. while It's other features remain, these
evils would not be remedied, Government agents
are still to have the sole control Of The revenue, and
it is not difficult to foresee, while the Executive
maintains lis present attitude of hostility to the
banks, what will BIO pursued. AS soon as
received the bills will be presented to the banks for
specie, which, when drawn out, will be deposited
in the treasury vaults and locked up. The result
will be the same. The specie Will be kept from the
people. The banks will be destroyed, and while
the ofice-hoders and particular thvorites of the
government rioting in their iIl-gotten advanta-
tages, the people will be suffering from general
change of property from the hands OF the poor to
the Golfers of the rich. Months may pass away
while these evils coming over the land, but I'M
less there is change in the administration, or Il
thorough and damerical changein the policy of the
government, they will as inevitably fall upon us,
IS will darkness when the rays Of the sun in
tcrcePted,
Let American citizens, then, pause Are you
prepared to sustain an administration which threat
ems to bring such fearful caamities upon your coun-
try--Gpon yourselves? vii! you risk such al enor-
nous amount cf power, the Sub Treasury Bill
will confer, in the hands Of any, tho truest
patriots in your country? Ifso, you are no longer
worthy of the land OF Washington, and Franklin,
and Hancock; and when, too late, you haYe found
that your letters arc rivetted the world, instead of
plying, will scorn you. /.
assra--. -