The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-02-01

their God Ii PARTY SPIRIT shall dare
to trample upon the great interests Of the
country, and mock the calamites of the peo-
pie, it will raise its head but to perish before
the awful Judgment of offended PATRIOTISM.
THE sUB-TREASURY IN VIRGINIA
The following resolutions were offered in
the Virginia House of Delegates on Monday
last, by Col. Watkins Sub-Treasury sup
porter.
Resolved That the connection existing between
the Government and the Banks previous to the sus-
pension of specie payments in May last ought not to
be renewed nor should Congress employ the agency
Of any banks in collecting, and saie-keepng, the
public revenue, except as Special Repositories.
Rcsolrcd, That while it can recognise no other
proper standard of value, than gold and silver, and
believe that it is essential 10 the soundness of the
currency, that larger proportion of the precious
metals should be introduced into the circulation than
has heretofore existed by creating greater demand
for them vet we willing that the public revenues
shall be receivable in the notes of specie-paying
Banks; provided that the balances due from them
shall be actually converted into specie at short inter-
vas and placed in special deposite, after such time
and under such regulations as Congress may deem
expedient, not TO affect nluriousy the interest
of the Banks, while they prevent the public moneys
from being employed for private or corporate pur-
poses. ..
"Iecsolred That however important the principles
of policy and expedency involved in the question
now depending before Congress- with respect TO the
fiscal operations of the Government, may De- and as
much as we desire TO the subject speedily adjust
ed upon Just and proper grounds do not conceive
that it should produce disunion in the Republican
party prevent those who differ in opinion on this
point alone from acting tremendously together in
support of the general measures of the present Ad
minStration without which, the fruits at the victo
ries BY concert and union may be lost by unEe-
ceSSary divisions.
" ReSolred That we cordially approve the tempe
rate, concatory, and liberal tone OF the Presidents
recent message TO Congress the subject of the
Currency; and that our confidence in his WISDOM
prudence, patriotism, and fidelity, remains unim
paired"
In relation to these resolutions, the editor Of
the Richmond Enquirer thus speaks:
There is not proposition in these Resolutions to
which VIC, and we respectfully think, the great Re
publican party, may not subscribe. We might be
willing to press or two propositions little far
Their but ii becomes to recolect that in doing so,
might not be able To carry all our friends with us
and So rice rersa with them The great beauty of
these resolutions indeed IS, that while they do not
ask 100 much Of any, they do not run into that vare-
ty Of detail on which we might possibly divide.
These resolutions are drawn in happy manner.
They are admirable for the temper with which they
are conceived, the conciliatory spirit which they
breathe, and the compromise which they suggest.
They are distinguished by the comprehension OF their
views as we'll as the decacy of their tact Profess
sing to BE- founded on principle OF harmonious com
PROMISE they can offend none but the few Ultras on
either side of the question They are as happy in
what they bring forward as in what they omit They
run into no unnecessary breadth of detail and yet
they embrace most of the great principles, which
should enter into the discussion. The series of reSo-
lutions too is regular connected, and drawn in
SO clear and satesman-like style, that we cannot
help believing, that they will carry with them deci-
ded majority of the friends of the Administration
npIt ,otIt poh his mr.
rally and re-unite.
We are compelled to differ entirely from
our veteran contemporary as to the characterof
these resolutions. They 60 as far as the pro-
position of General Gordon's, made in 1884,
did, which has been so steadily and resolutely
opposed by the Enquirer, in divorcing the Co
vernment from the People, and in establishing
better currency for the former and baser for
the latter.
They contain all the obnoxious features
found in Mr. Wrght's BILL except the propo-
sition To employ banks 10 hold the public mo-
ney. We cannot discovcrany thing whatever
par,aking of conciliatory spirit in these
resolutions. Their excellence consists. the
editor seems to think, in their not running into
detail" 1t is owing to that circumstance,
we apprehend, that he has been seduced into
their support.
The second resolution contains the whole
gist of the subject. Had the detail" been
examined into, we have no hesitation in say
ing that it would have been found altogether
impossible to reduce it to practical operation.
This we pledge oursclf to show, at any time,
il the editor of the Enquirer will join issue
with us, and undertake to show to the contra
ry, by explaining the detail"
We cannot consent TO give our appreciation
to any measure whatever, that may be propo-
sed. either Of a useless or mischieyous ma
ture. 3D..
We have returns from SeUen or eight towns
in Connecticut, in which the Democratic Re-
publcans, opposed to the Sub-Trcasury, are
organizing with spirit nd efficiency upon the