The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-02-09

most important eIednsnd loan Of capital that they have
hsd 10 Their ises whefe~h 10 commence business in the
world upon respectable footing and in their
names Incredible as Il may seem from the tone of
those two papers towards me- am in Truth that i'll re-
Quilted beneisclor OF these hesness men The former
ii. w Green, OF the Argus. may truly be said 10 have
brought into this State the Of Eve dollars
OF capital Every dollar he purchased in the Eastern
Argus when he came into the State he purchased upon
an srfended credit Of than two years; aud II
OF myself that he sought aud Of me he received every
dollar Of thai credit! Nay during the months IN which
ne has been abusing 10 the Argus, and while was
Doth absent from the country and alike ignorant OF both
ms abuse and It's shallow pretex he was feeding him
sei and his fary and lranssctng his whole business,
Jpo" 'e resources Of capital thus sought oil me- snd
mus extended TO him by me, by eTfdn, whereof not
uoar NOT even The current interest OF IL, had then been
repaid And when on the first day OF September last,
tue notes ne was owing for the capital thus advanc-
co became que having run without payment since Ju-
~ 1880. SO lar from this TevIer Of the credit system
and of banks being able TO live upon ths spees svsiem
81 no credits and o. dooa uh all banks TO which all
ms professions lead not twenty five the dollar
OF my notes could he pay but he again threw himself
upon both the credit aud The banking system for further
help, and sought and obtained OF the Bank where my
notes were deposited renewed indulgence What
comment upon sueh aeharacier--upon a man thus de-
pending pirate for his daily bread npon the very
class and sources Of indulgence at which he con-
santly railing in venom before The public aud to his
pary-"hat comment, upon Snch character 10 an IN
te'gent people, is 1t necessary for any one to make to
have him despsed thoroughly as his worst enemy
could wish regret profoundly the necessity OF ex-
posing thus to the world how despicsbe the character
and conduct OF the man with whom my old republican
coadntors IN this State have been assocised for the
last two years lIegret profoundly, that | am con-
strained thus TO expose "to nhd pic al ias the
Eastern Argus has been perverted in the OF The
Administration party and seemingly under color Of the
sanction OF THE OLD REPUBLICAN PARTY Of Maine
Il. L IN In mai Ike any set m
blush with inward modification at truths heretofore I'M
known To them, let them bear mind that while these
truths expose the hearesness Of proessed file leader
oil the Sub.ueasury party, they also demonstrate how
utterly lmpraccablc It has been for that felead
or 10 live and turn his industry account for the sup
port Of himself and family, without practising and rely
lug upon the direct antagonist Of thai system, upon
the credit and banking system. What can a man think
OF system OF religion which he hears preached from
the pulpit, If he demonstrated in the daily habits
and practice Of its preacher, that even the preacher
himself is unable 10 live up it. but resorts to its ex
act opposite And what, in such a case must be such
mans opinion Of the preachers own heart ard cha
iacter whom he thus detects in preaching to his con-
gregatIon and the public system of ethics or morals
from the pu pit which the preachers known TO be in the
daily habit OF violating as impracticahe aid as unsued
TO human wants and condition! Would any term OF
Ieproach stg'na,izc too strongly such dupcity and
false. hcartedness
The editor Of the Age illustration OF dnplicity
less in point both the worth Of The credit system
among business men, and the impracticabity Of the
levelpg influences Of the suhfeasury and antcredit
system OF MIR. Van Buren. will state to the public
certain truths Of his history and experience, also, in
confirmation Of all have here advanced
II is within the recollection of many Of YOU, proba
bly,, that established the Augusta Age on the removal
OF the Legislature to that place IL was done al the
urgent solicitation of many members Of the Republican
party Alter this paper was in the full tide OF sue
Il L.l. AZ IS
some fictitious plumage with which certain gentlemen
attempted 10 sdorn II, the present editor OF the Age
George W. Robinson, was recommended TO me by
certain friends of the paper as suitable person 10
purchase into and take charge of it, He was then,
uS32) young of rcputed talents and industry,
hut ,r,tGut capifa The purchase sought by hun,
but upon credit satisfactorily secured for the greatest
portion Of -and a short credifthe sixty days or
four months credit upon which our mercantile aud
trading classes are willing depend but upeu credit
Of years-of two, three and four years To this as
scented, although the time subsequently averaged
upon one two and three wears. Such credit WAS given
aud given by myself, too to the man who has been
for months aud in my absence, heaplng all SORTS Of
oboquy upon my name under the prelext OF my oppo-
stion the ubtreasury, ant-credn system Nay, the
experience Of this man, in the very credit that
extended TO him to enable him TO get into business
and for which at the time he did not hesitate TO say TO
when writng-"I Obliged 10 you for the fairness
and kindness irhich goa hare shoTn me IN The trans
1cfI0n his experience was sucn tnat ABOUT every note
that became due on his purchase left unpaid for
months after it became duc-sLd the three year
note remained unpaid from August until the following
July after it due and in July was constrained 10
take its amount in sixty day draft on Boston TO &C
commodate one Of his endorsers. And this - the
editor who has dshed up every line OF B,ngsgate that
has been uttered against me, aud snperhdded all
that he could himself invent, week afer week, 10 per-
suade the old Republicans Of Maine denounce me- TO
denounce banks, and thus to overthrow all business
upon borrowed capital, have been most sensi-
bic that the Republicans Of Maine would never hear
from these mushroom creatures OF the quill, Ike the
before described editor Of the Argus and this editor of
the Age, how they themselves have lived AID "waxed
fat" upon The credit System, and by downright spccnd-
non upon borrowed capital. And why not Because
such information alone would have furnished renta-
ton to the mind Of practical man among their
readers. of all that the columns of their paper could
contain OF fimsy editorials and vulgar dcnunclstIons
against myself any other opponent OF the antcedt,
scheme. Much less have ] ever sup
posed that the same readers would learn from those
revers of myself that J. ,eo whom they SO
freely anahemstlze without scarcely knowing Why am
the individual who has furnished these creatures with
the necessary credit Of capital upon which TO appear be-
fore their party and the world men OF substance and
consequence. and to enable them also to stretch their
un1edged wings to the breeze Of business. Nevenhe-
less such is the inconroveitible truth, which neither
Of them dare gainsay. although such truth is 10 me
now as it has been for a long while, more matter Of
self reprosch than of Boosting. To he stung by the
beings have nursed to manhood is not a theme OF
exul,aon to any man. And expose the fact in my
case only because deem due TO the public and TO
the old republican party especially, to apprse them what
excess of dupcity Inconsistency and scoundrelism
lies in quarters from which they seek and expect to
have only truth and correct counsel imparlially re.
fec,ed
These editors, them while they have been abusing
the borrowers Of capital have been subss,ng IN bust
ness upon the immediate elements Of credit; while
they have been revlng me- they have been suhsis'lng
upon my bounty and while they have been urging
their readers and administration parIzans, to spurn
banking institutions and the paper money system which
is but the representative Of credit and persuadng men
to sustain administration in lis Wild attempts TO force
all business transactions specie standard they have