The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-05-15

THE LATE MISSION TO VIRGINIA.
1t is well known here that an Envoy Ex-
traordinary and Minister Plenipotentiary, in
the confidence Of the Executive, was recent
ly sent to Richmond, for the especial purpose
of devising ways and means to unite the par
ty in the Old Dominion, and to rally the house,
hold again In support Of the administration.
Like the late letters Of the Secretary Of the
Treasury issued on the eve OF the elections in
New York, and for like purpose, this distin-
guished messenger preceded the elections in
Virginia. We are not aware of the precise
conditions of the drafts and acceptances made
and taken at Richmond. II is thought pro-
bable, however, that the Envoy proposed a
compromise only upon condition that the
elections turned out unfavorably to the admin
istration. If the administration should sue
coed in those elections, the Sub-treasury was
to be persisted inf it was defeated the adj
ministration would agree to settle down upon
the special deposite plan. This, we under
stand is the nature of the treaty now in force
between certain anti-Sub-treasury men at
Richmond, and certain leading destructives
here. The administration is willing to COM
promise upon the special deposite plan; and
certain veteran editor is employed to urge
such compromise, and to transfer, If posi-
BILE, the Conservatives over tothat mex plicable
and miscalled middle ground. The Sub-trea-
suryites are to march up to it Of course, and
we shall see them wheel about in platoons at
the word of command, and accommodate
their flexible political Consciences" with all
ease to the new position. They would ac-
commodate themselves with the same facili-
ty to National Bank, if such were the or
ders from head quarters. They will act NTH
fear, and hope Of favor, and the drill ser
geants Of the " By-authority" press will dub
every one Of them a true and consistent ST.
mon-pure democrat. In this event every in
dividual who shall presume 10 support the Sub
treasury, will be. read out of the democratic
church, and be denounced as Conservative
Wings, and Hartford Convention Federalists.
The Sub.treasuryiets, therefore, had better
beware. s.s
But as to this special deposite plan, we
have long since shown conclusively, as we
think, its utter impracticability. In case Of
redundant revenue, millions Of money would
be totally withdrawn by it from the uses and
profits Of the country, which we consider one
of the most serious objections to the Sub
treasury. But we do not intend now to de-
tail the objections to scheme which, only on
the score Of safety, can be no better than the
Sub-treasury itselfin its most unmitigated form.
We trust that none but the ,facile Sub-treasu-
ryies will be found to support such plan in
Congress. The mere expense Of the plan,
as shown by Mr. Wright, will condemn it on
the ground of economy.
But, it can hardly be expected that, sound,
solid, and properly conducted banks will ever
consent to have any thing to do with the pub
lie moneys, on terms which, in themselves,
go to cast distrust on their management, and
throw discredit upon all the banks Of the coun-
try. ... U
If the plan is taken up by the administra-
ton, we shall bring up the late speeches of
Messrs. Wright, NorveH and Cambreleng in
judgment against it, Messrs. Wright and
Cambreleng, it will be remembered, regarded
such plan as the most impracticable of any
proposed, and Mr.. Norvell pronounced it the
" sheerest nonsense and quackery."
We are convinced that there is no prospect
of the success of such scheme, and we hope
ing Sub-treasuryitc, will presume to present it.