The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1838-01-09

little affect the great social compact unaided by other
causes hut our citizens suffer misfortune al the
iine IA the aglaons caused BY the government Of the
nation Our Republic having beep founded IN compEi-
misses contains some exceptonabls features, when So
paratey co,nparcd with abstract Standards and these
assumed patriots and wouldbo exclusive friends Of tho
people, seize on these points aud would rudeL tear
them from the structure though they should bring
down the temple Of liberty on their heads We would
stay their mad, destruetitr, and runons enors We
feel as democratic republicans and cizens, that tho
sacred fire Of freedom aud the last hope Of Republican
Institutions are deeply and finally committed to tho
American people We were organized as a political
marty N support Of what Jefferson termed the essen
ial principles OF our government
II we fater IN their support u we snlier ourselves to
be drawn from the ground which originally occupied
We per our sacred and leopard the holy canse Of
freedom and sell-goyemmeut. We ought not we will
not he guilty OF such acts VI panclde
We have read the second message OF The President,
and arc free declare that we do not md IN his per-
severance and additional suggestions IN relation to the
Snbeasury scheme, any thing TO remove the wcighty
objections and appalling danger which destroyed i with
the Republican party in 1884, when was brought for
ward as an opposition measure we cannot discover
IN il anv more friendly less dangerous features be-
cause Il is now brought forward by man whom we
have supported It was the pnaciPle, and not tho
source OF the project that caused The Democratic Re.
puhlicans to repndlate H. and we cannot now support
The unchanged principle because u comes from differ
ent set Of men Principles are IN their nature ninta
BILE and as the Sub-lreasury scheme was an opposition
principle in 1884, cannot admit or believe il to be
Democratic Repubcanism in 1888
We opposc the Sub-treasury scheme either generally,
or in tho special deposit form suggested as substitute,
not only from the many objections IN principle to be
urged against each, shifting the balance OF the Con-
stituon but also because II is brought forward as the
great antagonist of the credit system and its effects
/ contemplate the destruction OF the credit system.
We are in favor of the credit system because II the
peculiar offspring Of liberty, and we oppose the Sub
treasury hard money scheme, because hard money is
tho constitutional currency OF all dcspotc govern
mcns. We support the credit system because It y es.
sentay democratic equal and universal, we oppose the
hard money Subreasnry scheme because solid wealth
is exclusive in its character aud clrcnlates among
masses. We support the credit system because il Is
genial TO liberty oppose the hard money Suh-trca-
sury project because il arstocrac IN its tendency
We support the credit system because II gives TO act-
witty, enterprise aud merit an equal footing aud chance
of with realized wealth. and oppose the hard
| money Sub treasury scheme because II would check
competition, build up strong, enduring and oyershadow
ing business houses, and destroy the republican features
OF our government We support the credit system be-
tho people have framed it, and identified with
it and oppose the hard money Subtreasury scheme
because hostile TO the interests aud against the ex-
pressed wishes OF the people,
We in favor OF the credit system, because it is
friendly TO the aboer and producer, and scaiers It's
blessings upon the poor man well as the nch We
oppose the hard money Subtreasury scheme because
would make large aud prncely fortunes for the now
wealthy, aud degrade the middle aud aboring citizens
to the condition Of their slaves We are III favor oil the
credit system because by it the poor farmer is enabled
to obtain his lands and implements Of hnsbandy the
poor mechanic his instruments OF art and stock IN trade
the aborng his daily wages and constant employ
ment, and every man who bears toerable character
coupled with industry, has certain means OF betterlng
his condition We oppose the Sub-treasury scheme,
because it will cramp the energies and blast the happ
ness OF people We support the credit system, be-
il has been the great lever Of our advancement
individuals, and as nation IN wealth and prosperity
II has enabled us TO pay off an immense national debt
covered lands with fertile fields, thriving villages
towns and cities; constructed canals rail roads and
manufactures; increased commerce and navigation, and
in the short space OF half century, elevated youth
ful nation to equal station with the Kingdoms OF
ages In the old world.
i We oppose the hard money scheme, because exam
pies derived from Monarchies not models for Repub
ican imitation, and while look upon The spendor OF
Kings Princes, and Mobiles of Europe, and the " gold
glitterng through the silken meshes of their purses
behold The chains of slavery upon their poor degraded
people. We support the credit system because 1t is
part OF the great legacy OF freedom and happiness trans
mitted US, with political rights by ancestors,
and oppose the Subtreasury scheme because it is
disappointing and revolutionary, subversiye OF the
principles of government and OF its entire practice
from 1889 10 this day We oppose the Sub-treasury
scheme because it will plant phalanx Of tax ga
iherers among the people, drawing from them by the
strong OF Executive power their hard earnings and
hard money leaving TO the people on whom they stten
| a naked Subsistence, aud broken currency We OPP
pose the Sub-treasury scheme because 1t will add an
other coor to that army of officers Of the general GO
vernment now quartered upon the people. disturbing
their deliberations in public assemblies, interfering with
and destroying the purity OF their elections and attempt
ing TO ovcrawe all expressions of dissatisfaction with
the measures of the federal government We oppose
the Sub-treasury scheme because it will intellectually
enlarge the powers Of the Executive unite the
sword and purse in his hands contrary the intent and
spirit Of the Constitution, endanger the safety Of the
public money and expose it to be plundered by an
/ hundred hands where cannot now reach it, We
oppose the Subteasury scheme because it is dcstruc-
tive oil the industry, enterprise, prosperity, happiness
and independence Of the people
Since this scheme has received official and execu-
tive countenance from departments Of the General CO.
vcrnment, elections have been held in several OF the
States Of the Union, at which The candidates sup
ported the grounds of favor opposition to this dan
gcrous project and the ballot boxes have proclaimed
with decsyeness unexampled in history the at
tachmen Of the people to their institutions, and
their settled convictions against the measure Abso.
lutte acqucscence in the viii of the majority the vital
principle OF republics" and the sub-reasury scheme
has been submitted to tins Jeersonian touchstone and
found wanting.
We have referred to the origin OF the sub treasury
scheme to show that 1t was OF the De-
mocratic Republican party, aud to include this iororn
hope OF the opposition 10 the articles of Republican
faith, has been lately for the first time commended that
whatever shall be recommended by the executive cho-
by one party must be supported by the Democratic
Republicans as part Of their political creed We warn
you fellow citizens against III dangerous attempt upon
your own liberty and the freedom Of your country
To submit to this is to sacrifice independence Of mind
freedom Of thought, freedom Of discussion freedom Of
conscience, aud liberty Of The will to sacrifice all the
great principles Of freedom for which the pilgrims BRAY
ed the perlls OF the and sought asylum in the
savage wilderness to yield up all the manly attributes
for which ancestors declared their independence