The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-02-24
FOR THE MADEoNIaN.
THE SuB-TREASURY SCHEME.

"Men who are in the vortex of party politics, are
not competent judges Of either their own actions or
thoe of their opponents w. M. GouoE.
Had Mr. Gouge foreseen in May last, when he
published the foregoing paragraph, the precise ac-
ton Of the government in relation to his financial
scheme he could not have been more prophetic
The rorcr Of party politics steals auay the judgment
Of men.
We, who are spectators calmly viewing the great
arena nj Washington, utterly astonished at the
manGnvering of the political combatants. 1t were
better for the great interests Of the people that the
scheme be at once adopted, (ii il must BED and The
monster let loose upon u.s. that we may see and know
and prepare for its destruction or for our own, ra-
Their than the batting still continued in the Capitol
1t is said that the Gorgan is TO be destroyed there;
but the traism of Mr.. Gouge at the head OF this ar
tice takes all credence from this declaration and
the fears Of the people are not whit diminished by
the daily reports from the federal city. The sus-
pense is even more intolerabe than the consumma-
ton of what we dread The gloom deepens-the
cloud which has so long hung over us assumes
deeper darkness. All business, all trades are sus-
pended and possibility of returning motion, until
that mons,rous scheme is abandoned You know
the great moving engine Of all business is money;
and you know, and every member Of Congress
knows that we neither have nor ever did have, nor
ever can have other than paper money. Men talk
wildly " OF returning TO a hard money currency"
Why we never had it Grave senators talk OF &c
storing our metallic currency, Pray, when had we
such Every province made provincial paper mo-
ney or used barter The Confederation issued three
hundred and fifty millions of paper money. From
83 to 80 we lived almost without money; and Tor
the last forty-seven years we have used paper bank
bills or check and credit currency" Not I'VE per
cent of the trade of this country has been performed
with metallic money from the day the hrs While
mans foot touched he Virginia sands, TO this hour
Our banks are utterly paralyscd-they dare not
move while the hard money scheme, TO be guided
by hard money men, antimonopolists and anti-oan
men, hangs in suspense over them. The manuiac-
turer, the merchant, the mechanic, the tradesman,
the lsborcr are at complete and sui, amazed,
astonished at The of the government, agita-
ted by the mingled passions of fear, hope, sorrow,
anger, wrath. | am safe in saying, there is not
and cannot be one half, fear, not one fourth en-
ployment for our three hundred thousand people,
until that monstrous scheme is ablndonedor destroy
ed Our baoyant ascendant party goes BY The board
We, the workngmen, have held on SO lar, but the
democracy of numbers must leave the ciiy.-Ihe
office holders and men of fortune only can remain
here. know that the one half Of our ruin has
come Of wild over-trading, the other half from the
wilder scheming Of the government. And pray tell
us, is the mass, who had no hand or voice in the
over-,rading to be punished and destroyed BY the
government for the sins OF the tc'o.
Your obedient servant
A MECHANIC.
New YoaK Wt
P. S.-Please tell Mr.. Van Buren, changer will
break through strong walr'--and viii thank you