The people's press, and Addison County Democrat. [volume] (Middlebury, Vt.) 1838-1841, 1838-07-03
From the Albany Daizy advertiser.

From the Albany Daily advertiser.
The DEFEAT OF THE ADMINIsTRATIoN.-Tbe
rejection Of the leading and Distinguishing
measure of the Van Buren, Administration is
another signal rebuke of the policy and princi.
pies of the Executive From the first dav of
his power Mr.. Van Buren, has been in an atti.
tude of hostility TO the best interests of the
commercial and industrious classes of the com.
munity. We would not willingly impute bad
motives, but we think that the country is iusti.
fled IN ascrlblng the unrelenting obstinacy of
the President, IN pushing this favorie scheme,
to conviction on his part of its value as
means of securing and increasing the power of
his party. 1t is matter of eminent congratu.
ation that the appliances which it is in the DOW.
er of the Executive to employ, have in this in.
stance, failed TO produce result which many
foreboded, with apparent reason, if the expert.
ence Of the past was to be guide.
The defeat of the Sub. Treasury Scheme,
then, under oil circumstances, must be consid
cred as cheering and most grateful triumph
of the People, over the administration of the
General Government. The contest between
the parties has been maintained from almost the
first hour of Mr.. Van Buren's accession. That
gentleman may now be looked upon as fallen
and humbled before the popular rebuke, pro-
n1ulgated repeatedly with as much disinctness
as the nature of our institutions will admit.
1t is TO be hoped that the President and his
advisers will be instructed by the lesson which
they have Just received, and henceforward learn
TO respect the popular voice, and walk in the
paths of well. settled and judcous policy. The
Experiment and the Expedient have alike ar.
rived at melancholy end. In their SUMNER
sion they have carried down with them all the
reputation which MIR. Van Buren, so widely en-.
joyed, for consumate sagacity and discrimina.
ton. His whole administration has been prov.
ed to be a great and continuous blunder. He
has shown himself 10 be ignorant of the first
principles of finance, undiscriminating as to
the wants of the people and the sound policy of
the government, and most ulpably regardless
of the popular will. That be can ever regain
the confidence which he hal so recklessy be.
trayed, we hold to be 4ntirtc out of the ques-
ton. The nominee OF the harrisburgh Con-
vention of 1889, will in our judgment be elect.
ed beyond all peradvenfure.
What results and advantages to the great
interests Of commerce and industry generally,
will follow the action of Congress in relation TO
the Sub Treasury, we do not presume to FORE
tell, but consider them as full of the best prom
Use. The following from the New York Amer
icaa, 10 connection with this part of the subject.
appears to US to be worthy of attention and con.
fidence.
There is every thing in the condition of
the country TO encourage effort for the future.
The bitter lessons of the last three or four years,
although, like all other lessons of human expe-
rience, soon to be forgotten and disregarded,
will yet be operative for some time, and, during
that time, will serve to restrain excess, and 10
inculcate sure and safe business, with moderate
but regular returns.
But it cannot be 10 strongly insisted, that
until the Bank of the United States, and other
banks that justify themselves by its most unfor-
tunate course, shall resume, no general business
can be safe, no general confidence can be re.
stored. The responsibility of prolonging the
evil days, which the resumption by the Bank of
the United States contemporaneously with the
Banks of New York would, in our Judgment
have terminated at once, is one that has, we
must presume, been duly weighed by those hav-
ing the power to decide-yet seems TO us one
of fearful weight. The rejection of the Sub
Treasury bill must bring about immediate re.
sumption, and that in itself is more important
than any mere party triumph"
HE CAPTURE OF FIVE SLAVE VESSELS
The Bermuda Gazette of the 29th of May con.
tains notice of the arrival at Hamilton Of her
Majesty's ship Pearl, commanded by Lord
Paget, having in charge two slave vessels cap
tured by the Pearl, towards the close of April !
-one was the brig Diligent, captured after
chase of sixteen hours. She had on board four |
hundred and eighty sldres, besides a crew of
forty-five men-forty of the poor slaves had |
died on the passage. The other was the OPP
position, and was captured the same day. She !
had, however. previously landed her slaves on
the south side of Cuba.
Another SLAYER, the brig Camoons, with fue
hundred and eighty sldreS, had been captured
by the British armed schooner Sappho.
The schooner Benjamin Gather, Conover,
arrived last evening from Chagres, reports that
on the Odd of May, when off Ponce, P. R. fell
in with and was boarded by II. B. M. brig
Snake, which reported that she had captured
two slave vessels, which were bound for the
Matilda and Arrogant.-N Y.
Com. Advertiser.
One Company of U. S. Troops arrived here
on Tuesday evening, in the steamboat Burling.
Ton, from Whitehall. They left the next morn.
ing in the ferry boat for St. Adams, on their
way 10 Swanton, where they are to be stationed.
heir commander, Major Churchill, proceeded
TO Swanton few DAYS sinre - R,rLno,o,, c., |