Richmond Indiana palladium. [volume] (Richmond, Ind.) 1837-1839, 1838-01-27

ident, aud are free to declare, that 20 90 NOV
fin in his perseverance, and additional sue4cs-
tiuI,s Ia relation - the sab-treafarv schcmes any
thing to rc:navc the ~eiyh,y objections and APP
paiar danger which DESTROYED II with the Ne
publican party in 1854, when it was brought Tor
ward opP"sition measure. We cannot oss'
GOV or in i; any moe friendly or less dangerous
features because il is brought forward by . unan
whom va have Supported. 1t was tho fssaespss
and no, the source Of the project that caused The
Democratic Republicans to re2udiate IL aed -
canno, now support the unchanged principle b.
cause il comes from a different cot a meo.
Principles in their nature 'mmu'ac.es sna p
the sub treasury scheme was en- oPPo"'0:
c:ple in 1854, We cannot admit or boliovo u 10 %
Democratic Rcpublicanism in lSSs.
We oppose tho Sub Treasury schcms either
generally, or in the special depoeitc form sue.
gescd as a substitute, not only from tne many
objections in principle to 10 urged sea'n:s sIe:
as shifting tho balance Of tho Constitution, ous
also because il is brought forward a. the groas
antagonist Of tho credit system, aud its eueees
cnn,s mp!atc tho destruction Of The credit eys'
tenn. "a.
We nro IN f.yor of the credit sysscm because
il i the peculiar offspring Of liberty, and We cp-
pose tho Sub-Trcasury hard money scheme %
cause hard money is "ihc constitutional curfen.
cy, Of all dcspo,ic governments. we supp"
the credit svs,cm because it is essentially oe"'
ocratic, equal and universal, We oppose the nary
money Sub Treasury scheme because eo.s
cu,a,es among masses. We support the creds
system because i, is genial to liberty, ws opPocc
the hard money Slb-trcasary project because u
is nrissocratic in its tendency we s"Ppou .u.
credit system because IL gives TO activ'tys e"'e'
prise and merit, an equal footing ana chaues ~.
succcs. with realized wealth, and We oppose the
hard money Sub-treasury scheme because y w"o'o
check competition, build up rone,cndunng'oscs
shadowipv business houses an destroy the feP"u
lican features of our govern merit. we s"fr"
the crcdi, system because the people nave ".
cd il. md are identified with it and we oppose ing
l., I'd n,oncv Sub.,rcesurv scheme because u -
hostile to the interests aud against the cxprcs'e"
wishes Of the people.
We arc in fav or Of the credit system, Occ1uss
i, is friendly TO the laborcr and Producsor' a""
sca,,crs its blessings upo: the poor man ~ Gu
ne the rich We oppose the hard money 0oo
,r.,surv scheme. because it would make ia'g0
and princeIv fortunes for tho now wcaitny' u,'u
Jeo,,de the middle and laboring citizens 10 '"o
condition Of their slaves. We are IN 'aSo' =. w.
credit system, because by 1t the poor r
is enabled TO obtain his lands ana imP'e''e" e
husbandry. tho poor mechanic his instrnme"'s ~,
ar, and stock in trade, the laboring man ms os"y
wages and constant employment, nnc every ua"
who hears a to,erable character, cou2ico wiz, ~
~ has certain means Of lettering his cond"'oe.
We oppose the Sub-ireasury scneme, occ".se
it will cramp the energies nno n.ns' ue W.. ..s,,
oe our pcop!c We support tho credit sys'o',
because il has been the great lever OF our No.
yanccmcnt as individuals, and as nation ID "es''"
and prcsperity. 1t has enabled Us 10 pay va
immense national debt. covered our ianas WIN
fertile fields, thriving villages, towns ano cues
constructed canals, ra'i roads ana 'a"".a =: .,..
Increased commerce and navigation, nno "a INC
short space Of a half century c'eSa:eu ~ ~
Youthful nation TO IN cqnal stauon WV" '''~
Kingdoms Of ages in the old world.
We oppose the hard money scheme, because e1-
nmp'cs derived from Monarch'es are nov "onc.s
ouASa
the .plendor Of Kinc-, Princes. and MOBILES o.
Europe, and the "gold glittering through INC s:n
on neshes of their purses we behold the cnnuns
of slavery upon their poor tegraoe9 -
SUPPORT the credit system. becauseO1s Pa'' 20
the great legacy of freedom and happiness trans
,n,,ed 10 us. with our political rights by our an
ces,ors. and We oppose the Sub-treasufy ecnc"'o
because it j. "disorganizng ana leso"y .
sul,yersiyc Of the principles OF our government;
and of its entire practice from i'o' 10 '"s "as
We oppose the Sub-treasury scheme occaure
will nIant a new phalanx Of TAX gatherers among
tho ncople. draw ing from them by the strong arm
of Executive power, their hard earnings ana na"
money leaving to the people on whom thcy 'aG'
n.keed subs;steuce and a broken currency: We
oppose the Sul-trcasury scheme, Decaoss ~.
ada another cohort 10 that army OF "snceu" vs."
general government :iaaricrec upon the peo-
pIe disturbing their deliberations 10 public as
semblcs, interfering with and destroying 'ne Pu-
rty Of their elections, and attempting 20 oser.~s
all expressions Of dissatisfaction with the meas
ures OF the federal government. we oPPose -.
Sui,-.rea.ury scheme, becauec 1t wall snca'c".s'
bly "onIar2e the powers Of the Executive, an:te
the sword and purse in his hands contrary 70 tne
;n,cn, and .piri, Of the Constitutes, cndsnges
the safety Of the public money, and "sxPoss II 70
be piundered by an hundred hands where ono can
not now reach IT," We oppose the Sub.sseasury
scheme because it is destructive Of the Industry
enterprise, prosperity, happiocss and 'odcPeeo'
encc Of the people!
Since this scheme has received an oitsciai ana
executive countcnance from departments o, lne
General Government, elections have been neg
in several of the States Of the Un'o", Il wnse1
the candidates were supported on the gfooocs o
favor or opposition to this dangerous Ptces'
and the ba;io, boxes have proclaimed win oe-
c;s;vcnes. uncxampled in our history the attaen.
men, Of the people to their own institutions, ana
,he;r settled conviction against the measure
6. Absolute acquicsccnce in the will Of the ma
,ritv is the vital principles OF republics, ana ~
s.,.-i,easury scheme has been subsn'tico 70 s"'s
Jcffer.onian touchstone and found waning.
We have referred 10 the origin OF the suo-frces-
ury scheme to show that il was nevesa messo1
ofthe Democratic Republican party. and 'oe'.os
this fororn hope Of the opposition IN sne aneesc
Of Republican faith, il has been lately fof tne n
I'm. eon.ended that whatever shall be recon-