Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1839-05-09
ADDRESS
Of The Republican Contention,
TO THE PEOPLE OF VIRGINIA
Concluded from the last paoer.I

Concluded from the last paper)
Under such imp ressions as these, the Sens
ate of the U. S. passed bill al the special
session in September, to provide for the col-
lection, sale keeping, and disbursement of
the public moneys, without the agency Of
banks, and requiring specie for one fourth in
every succeeding year which was rejected
in the House OF Representatives by very
small majority. AT the regular session, in
December OF the same year, the President
again called The attention OF Congress TO the.
subject, and reiterated his former recommen-
dations, which we're again responded TO by
the Senate, by bill similar in most of lis
provisions 10 the first, but authorizing spe>
cIai depostes in The banks at all places
where there was no place for safe keeping
belonging 10 the Government, and requiring
only one sixth Of the revenue TO be paid in
specie the firstyear, two sixihs the second
and by sixths, instead of fourths, until al the
end of six years from January, 1899, the
! Change from paper to specie payments would
be completed. This bill, too, was rejected
in the House of Representatives by a close
and almost strictly party vote. The Presi-
dent not considering this disagreement of The
two Houses under such circumstances, as a
final expression of the will of the people, in
his message 10 Congress in December last,
thus briefly adverts 10 the same subject -
MY conviction of the necessity OF further
legislative provisions for The safe keeping
and disbursement of the public moneys, and
my opinion in regard TO The measures best
adapted TO the accomplishment OF these OBJ
Jecls, have been already submitted to you
! these have been strengthened by recent e.
yents-and in The fell conviction that time
and experience must still farther demonstrate
their propriety, feel it my duty, with re-
speCtiul Difference TO che conflicting views OF
others, again 10 invite your alteHtion 10
them. What has occurred since, in rela>
ton 10 this recommendation, Is Of too recent
a date TO make il necessary TO enlarge upon
! il. There being no change OF opinion in The
House OF Representatives, rendering il prob
able that any bill, for the establishment OF an
! Independent Treasury, could become law &,
the Senate CoDiented itself with eRdeavOring
to subject the public collecting and dishur.
/ sing officers TO additional responsibilities for
the due performance OF their present duties,
| IN order 10 prevent future deia!caIions but
even this biz, necessary as II would seem 10
be, received no final action in the House.
From this detail, fellow citizens, you will
be able 10 judge whether the President erred
or not ip recommending the establishment
OF an Independent Treasury; and whether
he pressed il Too strongly or periinaciousiy
upon The consideration Of Congress. You
must, al all events, aCquil him of every in
| tention 10 inJute the Slate Banks, or to es>
tablIsh Treasury Bank, as some charged
upon hun, or 10 enlarge his patronage or
power.-lt has seemed 10 most of US in this
convention, that the measures he recommen-
ded were oil an unequiyoCal Democratic and
constitutional Character, tending, as late
writer expresses il, "io place commerce and
currency on secure basis Of reliance on
the natural laws of trade, and Of rdepeD
dence OF The perpetual agitation of our po-
lIl:cai contests, TO guard against danger
which, having occurred, may occur again, OF
the Government being thrown by powes
extraDeous from itself, upon stale Of tenn
porary bankruptcy, in the midst Of the profu,
sion ola large surplus revenue TO Introduce
a sale and stable uniformity in The fiscal op-
erations OF The Government which can news
er be affected by the fluctuations TO which all
| paper money systems must always be con.
iessedly Liable; TO obviate the possibility o.
the future accumulation of a redundant rev,
nue., with all the evils and abuses ipsepers,
BILE from such fiscal plethora as that wit
which we were lately afflicted; 10 suirende,
a branch oil Executive influence so poten
and dangerous. that but lew years back. M
eloqueDce could exbaus. The language of de
| nuHcIsiion with which il was assailed h,
| those VINO are now most strenuous in oppO
siiIon 10 The proposed reform and 10 cuttai
and simplify The Federal action in a vcry ma
terial and sautary degree, IN its infuenc
!upon The institutions and legislation of Tn