Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1838-04-27
CONGRESS-.
Correspondence Of the NJ. Y. Daily Express.
WAsHIxoroS. April 18Th


WAsHINoToS, April 18Th.
TIE ner policy Of tae a imiaisiraiioa- reap.
oas OF ,ca rfare-Mhemes ofMe schemers--
The secretary Of The treasUTy-Nr Hame,
nsi IKE Globe.
A deep game is being played here. among
the pohtIeinns belonging TO the Administer
ton The dying efforts of dying party
are being made, in the hope that final
struggle will rrscue from threatened loss
and ruin the name and honor OF the present
Administration. The d. speraie remedy
called Tor, dy desperate disease. is 10 le
applied. and new policy OF the Admins
lIaIion is 10 devrlope itself forthwith. That
policy is TO be Il false position before the
People in regard TO the great questions oil
Currvncy.-lh- Policy OF the Government.
Resumption oil Specie Payments, the Bank.
ing System aud all mallrrs identified with
finance and The business prospects OF the
country. The Policy is 10 make the AID
mlnis,mlion apparently friendly 10 the re-
sumption OF Specie Payments when il is
friendly to no such ohjecL 10 the
Banking System. which il most heartily
'iespises, friendly even 10 State Corpora
tons. which are objects OF especial hate. and
viii have been denounced ia special terms
of ceuSure. The great index OF this new
policy is 10 be the letter OF the Secretary OF
the Treasury aud the declaration OF the OF.
iicial organ OF The Administration The
text from which this policy is To be proved.
is to be found in the opinion of Mr.. Hamer
OF Ohio,--in the promise of the Secretary
OF the Treasury TO aid as far the limited
pOaoers OF the Treasury Department may
permit, lin the promise OF the Secretary OF
the Treasury, in this same promissory letter
to The New York Bank Convention, mot
hereafter 10 purchase specie beyond what
may be needed for immediate disbursement,
and mot to hoard or compete with others
(hereailer) for its poss, ssion.'' This On.
meaning and indirect declaration of the
Secretary Of the Treasury. followed out BY
the promise OF the Globe that 'rhe Admins.
trallon will favor the resumption OF specie
payments so far as IL can nithovt abandon.
ing the policy or any Of tie principles TO-
TA,cA IL stands pledged" is TO BE- the Alphu
aud Omega IN the way oGies,imony, promi-
sing that the Administration favorS resump.
ton aud will aid the Banks in resumng
specie payments
All have quoted from The Globe and
from the letter Of the Secretary OF the Treas.
ury is profession, aud profession at variance
with the practices Of the Administration,
and the same man who now declare il TO be
The policy of the Administration to aid the
Banks in resuming specie payments, have.
over and over again declared the Admins
trailon 10 be opposed TO any such policy
And now for the proof2 A bill is intro
duced to the two Houses of Congress by the
Finance Committees OF the Two Houses, for
the direct purpose Of crushing the entire
Banking System Of the country Ii propo-
SEES to divorce the Government from The
Banks, Its primary object is declared on
all hands to he the separation of the Govern
ment from the Banks In one branch of
Congress, composed Of no more than FIFTY
TWO members Of both parties. more than
twenty sci speeches are made in opposition
to the Banks. Senators friendly TO the AID.
mlnstralion. from every section oil the coun.
Try, denonnce them in measured and studied
terms OF censnre The organ of the Gov
ernment,now so friendly to the Banking sys-
tenn, endorsed the most fanatical declarations
oil the New York Radicals, and cried with
them "do~a 'cih he BaaksF' The organ Of