Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1839-03-01

Az Inc gentleman VINO mas LOT SOne tlme
past furnished the principal part ofthe editorial
articles for this paper, will cease to do after
the present week; and he will not therefore be
responsible for any thing which appears in any
future numbers. February 2S.
"I.ef slip The dogs Of Udr" Iii will be
seen by the news from Maine, that serious
difficulties have arisen on the ~ E. Frontier,
which threaten 10 involve us in a war with
Great Britain. Such an event would be the
greatest calamity that could befal the two
countries, and il is one which must be sincerely
deprecated by every friend ofhumanity, as well
as every patriot. We devote our paper Of this
week almost entirely 10 the subject, giving all
the correspondence between the Gov. Of Maine
and the Gov. Of New Brunswick, which com
mences upon the first page.
The Loco Foco Contention at Middlebury,
according TO all accounts, was a most ridiculous
affair. We have an amusing account of it
from the Middlebury Peoples Press. marked
for insertion next week. Under N. Smile for
Gov. and o. C. Merrill for 1t. Gov. the cause
Of Loco Focoism will doubtless make great
Roadway the present year! Whatever may
be said of the ''everlasting candidate" Mr..
Bradley, he is gentleman of acknowledged
talents, and elected by any other party, would
make a respectable governor But the present
ticket-it is 'the leetle eend of nothing
whttled Offs
SMALL BILLs.--We see no use in protracting
the controversy with the Democrat on this
subject. The amount of the arguments in that
paper is, that if small bills were abolished, there
would be more change in circulation, and con-
sequently lessdanger of fluctuation in the cur
rency So we might say, that If there were
no banks, there would be more specie STILL
1t is a little curious however that in the very
number of the Democrat, February Ia which
contained long argument against small bills,
because they make change scarce, and side by
side with il, is an account of memorial to
Congress from the North Carolina legislature,
complaining of the scarcity Of change in that
state-and yet as we understand, the banks
there issue no bills of less denomination than
Five Dollars. But in New England we hear
no complaints, notwithstanding the small bills
ways had small bills, while south Of her, there
are none-and yet during the crisis which &C.
Cured in monetary affairs after the last war,
all the banks of the country, ercept those of
Ne,o England suspended specie payments,
while the latter held out TO the last.-The
whole then is reduced to the point which we
stated before. Everything depends upon the
Of In. 10 nj
make them safe, and then, we repeat it, let
them issue such a currency as the convenience
ofhc people demands. But, says the Demo-
crat, at is necessary that some clogs or checks
should be thrown in their way, TO prevent
their doing mischief. Now if the prohibition
OF small bills has tendency 10 check the over
issues of the banks, why not let it be done ?'-
Such is the argument of the illogical" editor
of the Democrat, In the first place he begs
the question, that restricting small bills will
check over-issues and in the second place, he
requires the convenience Of the public TO be sa-
rifced as the only way to guard against mis-
chief by the banks.
Now we take different ground. We say,
what the Democrat admits, that small bills are
more convenient than specie. We therefore
proceed and say further, that the public con
venience ought TO be accommodated; for banks
are instituted for the convenience of the public,
and not as monopolies, as has been asserted.
II checks are wanted TO prevent over-issues,
place them in the charters and prohibit The
issue Of more than a certain and safe pro
portion of bills 10 the specie on hand, and al
tach heavy penaltes and forfejtuTes to the