The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-02-08

We the following from the Alton (lll) Isie-
graph an Administration paper, TO show the opera
ton of the arbitrary rule Of demanding specie OF
debtors Of the government and paying lis creditors
at the same time in 81 ag-moneyp Nor Is this all:
The arbitrary removal of specie without any excuse
but political object will no longer be endured by
the people of this country. The measure Of their
suffering and indignation is full
DEPOSITE OF SPECIE
II Is stated upon authority which we have no rea-
son TO doubt, that nearly eighty-fUe thousand dollars
~ specie have lately been transported from Spring
field and deposited in the Land Office and every dol
lar of IL was paid in BY our Woodworking farmers, to
purchase home for themselves and theiI families.
Most OF this specie they had 10 give premium for,
OF ten or twelve per cent. Now, where does this
money go7 Into the vaults Of q bank that Governor
Kinney says is based not upon specie, but upon "the
paper of our State Bank" Well did that disin-
guished Democrat add, that such measure out
Herod's Herod'
Let every one acquaint himself with the history of
the Missouri Bank, and learn its present condition
and future prospects, and then point Out, If he can
single reason why that institution should receive the
favors OF the government 10 the exclusion of our
own. We would not ask that the money paid into
the land Offices of Missouri, by the citizens of that
State, should be transported Illinois, and deposited
in our banks; but is il unreasonable 10 demand that
our citizens have the benefit Of deposi,e in their
Slate, OF money which they themselves have paid
we are the warm lFlenuS OF the administration,
and intend to advocate every measure that tends TO
promote the interests of our country We believe
that the President ofthe United States is acluaed by
pure and patriotic motives; but neither he nor any
other human being can claim an exemption from er-
rors. Why, then, should we advocate measures
which moments reflection will convince US is de-
trimental TO the citizens of this State
What just reason be given why Illinois paper
should not be received in our Land Offices2 Ii is
State institution and our farmers and merchants
ceive it at par Is the treasury of the United STATES
entitled to better currency than our fellow-czens
are Z Uncle Sam has issued many millions in trea-
sury notes, and pays them 10 his creditors. Now,
these notes are paper, and worth no more than the
paper of our Illinois Bank. So long as he pays out
paper himsey, ought he not TO take paper from our
poor people who have just seraped together enough
TO buy them eighty acres of landl Instead of this,
many man has seen the land he intended to enter,
pass into the hands of rich specuator, because he
was not able to procure specie.
II is hard, and what is more II is unjust in Uncle
Sam to demand specie of the man who enters land,
when, at the same time, he himself pays out paper TO
his creditors
But there can hardly be doubt that this measure
will BE- done away. The President has not yet had
time to accomplish every thing that the good of the
country demands He, at least, manifests DISPOSE
ton TO promote the interest ofthe people 10 the utmost
of his power.