The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-03-31

! DIE That Ne deay the rpht Of John NJ Niles & Co,
SO 10 exercise the active principle Of their democracy
transform ins,antaneousy old iedcralisis into de-
and old democrats into ledefaiss, merely be-
cause certain ederasis subscribe and democrats dis
sent from the Sub Treasury scheme That the more
examine the features aud contemplate the pernlcous
Consequences which result from the Sab-Ifeasury
experiment, the more alarmed Tor Inc cause OF
| American liberty
| Let us now INQUIRE for a moment what we formerly
understood by the term democracy The older class OF
nen, who delighted sing Jefferson and Liberty and
dwell with peculiar emphasis on the words yran's
bend The knee did not understand democracy to
every thing for psry, and nothing Tor prlnclPle
all The gold Tor an Increasing horde Of Office holders and
bankruptcy and starvation for The people. No, rather
III such state OF things should exist, the democracy
1 Of 1901, sang,
! Should foes 10 freedom touch the sacred tree,
Twice fifty Thousand swords shall halne, &c,
Aud again,
Within our hallowed walls, immense,
No hlrelpg bands shall or arse,
| Array a ia Tyrannys defence,
| TO crush an injured Peoples cries
We have been early taught thai democracy is ago
yer,men, Of the people, the will of an individual
| government in which all the people have a voice
where the people choose agents for short periods to
transact business for hemand from which agents they
expect faithful account OF their stewardship Under
the pure democratic system, the people do not expect
/ the agents TO upon them and say we and our
household servants whom we have hired with your mo-
ney are the government will take care OF oursell,
and YOU may take OF yourselves we will adopt
such measures as will promote nlerest--and you
may reinonslrate and camor about your interests until
you are mearied into submission TO our will, right or
wrong, you IN most instances under the late Re-
| form and Retrenchmenl administration"
The early democratic creed :. the greatest good
TO the greatest number " aud the eye Of the servant
is to his master, 50 the eye Of the public
qured look directly to the interests Of the people
nor he allowed 10 complain that his pasl-
ed by the will OF his constituents Jecrsonlan demo-
crazy did counenance snecurcs for the purpose Of
securing darling old federal supporters OF the admins
trafion, notwithstanding all the abuse heaped upon
Mr. Jefferson by certain iederalists who demo
Gratis for his asonal non-atendance at the meet
ings called aud conducted III our immediate vicinity"
he tolerated with much compaccncy, the worship
pers Of strange god the River Delaware But as
the audience may wish contend for forms offaith
with certain convert who came Into democracy
through great bulation will try toget on TO the track
again, by simply abiding to the fact that carly democra-
cy opposed the bestowen OF heavy salaries for the per-
formance Of light duties The venerable elder Leland,
sterling democrat in days when profession and prac-
tce walked hand hand the author Of many moral and
political naxis who presented 10 MIR. .efierson IN
behalf Of the people Of Cheshire, Mass, the famous
cheese, SAID in OF his oraons, that holding
civil Offices half employed, and performing services not
calculated 10 Cypress body or mind should receive less
compensation Than ourncymen mechanics and lahorcrs,
for whose welfare the attorneys for the Treasury
this city feel such lively interest Under the admins
tratons of Jefferson, Madison, Monroe, and John O.
Adams we had democracy which consulted the peo-
pies interest which committed no rash acts. Neither
Of these Presidents took uncalcd for responsibility upon
themselves. They were the Presidents Of the people,
and not exclusively the Presidents Of party and the Of
free holders. These men did not usurp authority or ex-
ercise the veto power to dangerous and doubtful ex-
tent subyerng the long established institutions and set
tlpuD
than the who had gone before them. They did
take The appropriate business OF both houses oil Con-
gress ont OF their hands, promising better currency
than Congress had could devise. They never pur-
sued in which they not susta med by the
industrious, en,erprsing and intelligent portion Of the
community They did not denounce the credit aud the
banking system IN toto, aud declare that men who do
business on borrowed capital, ought to fail, They did
not take directly calculated to paralyz the
industry and business OF the country; 10 occasion the
failure Of tho merchant and manufacturer and the idle
and distress OF the laborug classes They sought
for the welfare Of all classes and for equal and exact
justice to all They did not propose TO rerolntionize
backwards thousand two years, apd place us under
the iron golden Lycurgus system, and order pro-
duce mighty improvement the business concerns OF
society," subject three iourths OF the people to the same
trial that did his horse IN learning him 10
! live without eating. These well understood the
history of their country and reflected with great salts
faction her rapid progress from small and unproms-
ing beginnings high Importance among the nations OF
the earth They knew that all our weil-but cities our
public edifces roads, canals bridges mighty
rivers, national and private shipping, our ortrtca-
tons well cultivated farms, cattle upon thou
sand hills our advanced state in mechanics and manu-
1 features, schools national renown our all, are
/ the results of the credit system, united with industry
and skill They knew that the great experiment OF Anne
rcan Independence, much indebted for It's con-
Summation 10 the credit system, to the blood and
| toll OF the actors in the great struggle.
| In abiding the credit system which aid OF
the American revolution, might add that 1t would be
better for the people adopt the system pursued
during the war, Of having each State pay directly from
Their own Treasures for the support Of the President,
Secretaries and other officers well representatives
to Congress, than to suffer have done for few
years past from Executive and arbitrary meddling with
the currency. That system would prevent the earnings
Of the people from falling under the control OF the Exc
cutvc, to he wasted IN paying the wages OF corruption
and in strengthening the of power We do not adj
vocate any such change only say that the old con-
federation system better than the late assumption
Of power and departure from all former example under
the Conslutlonand better calculated to promote the
prosperity Of the people than the SubIreasury system
! No patriot, however, can wish for such change he
would rather that the government should return to the
old paths, and be administered the principles OF Wis
dom and Jus,icc--wth a view to the greatest good OF
the greatest number"
How would the favor,e plan Of some, ofreducing the
currency of the country third It's present supposed
amount, operate the mechanic and manufacturer II
Great Britain should continue her mixed currency as 1t
now is, she undoubtedly would do Ii needs not the
spirit OF prophecy ptedc, that such revolution IN
our system would make the present evil times only the
beginning of to manufacturers and mecha
nics Under such a system wealth producing class
would find it for their interest to seek employment IN
the workshops Of Europe; and especially since improving
France is discussing the question OF abandoning her
expensive Sub Treasury system, and substituting In It's
place Bank on the plan Of the United States Bank.
Since Gen. Jackson proclaimed the fact that men who
transact hrsinoss an borrowed ca9tal ought TO fail