Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1839-11-29

PtoePefous onu wen conducted STATE.
FIRsr IMPRESSIONS OF Tnr Sun Treasury
We doubt whether the records Of political
proaigacy furnish a parallel to the inconsis,en,
cies prac,iced by many Of the Loco leaders, on
the question Of the Sub-Treasury. When il
was first preached il was viewed with just
alarm by many, who now, through the in.
huence Of party management, and the fear Of
losing place and power, give it their hearty
support.
II viii be recollected that in 1894, when the
Depcsi,e Bank system was 10 operation, Gen,
GoRDoN Of Virginia proposed a resolution in
the House Of Representatives embracing in
substance the sub-Treasury system. The
Washington Globe-tbe pensioned organ oi
the adminis,ra,ion-thus spoke Of the project
From The Globe.
The proposition, (the Divorce, is disorgan-
iztng and revolutionary, snbrersire IF the
fundamental principles Of our Gorerameaf,
and 81 as entire practice, from 1856 doicn 10
dts day. IL IS rs palpable as the Sun, that the
effect 1.-THE scheme would be to bring the
Public Treasure much nearer The actual Gus
tody and control OF the President than il
rs now, and expose IL 10 be pfnndered Jy
"a hundred hands, where one cannot now
reach il.
The Washington Globe was not alone in
its denunciaiions Of the Sub-Treasury scheme
when first proposed its sentiments were echo
ed by the party press throughout the country
Even after the project was recommended BY
the President in his special message, il was OBJ
posed with violence by the proHigate editor Of
the Albany Argus, who is now the most clam
orous in It's support. Let the people read the
following extract from the columns Of The Ar
gus, and then compare its sentiments with the
paragraphs which are now daily appearing in
its columns.
From he albany Argus Of OeL 81, 1897.
aThe germ of the sub-Treasury System is
found in a full report Of ALEXANDER
HAMILTON TO Congress in 1850.
"Bnf trho cait for Mis measure, and rho
are 20 be benefited by lis adoption THE
ENEMIES OF OUR STATE BANKS, BIZ
The aid Of irhich IRE hare increased in Ma
fioaaf Ue0ih, and indiridndi prosperity;
THE ENEMIES OF WELL REGULA-'
TED CREDIT SYSTEM, mich has an
sured a just rerard 10 industry and enter
~ tFN2 IL v tN0& " nc t4NINt
attain The stallion Of has more industrious and
perserering neighbor, he may al least bring
him dorm 10 has orn; THE MONEY LEN
DER, that be may have no check upon his
~usurious practices; the RECIPIENTS of
FIXED SALARIES, A~NNuITIES, aud
PERMANENT INCoMES.D
Il is perhaps needless 10 multiply evidences
of The regeneration Of the party in power
But we wish to show our readers the true state
ment Of The case We wish them to be aware
Of the evil consequences that mus, result to
our country from the adoption Of the Sub
Treasury project. The Editors Of the Globe
and Argus know full well what would be the
result they began 10 speak their honest opin-
ions, but were soon whipped into the traces ;
and now swarms Of minor presses are follow
ing in their wake. They mus, omen wide their
mouths aud swallow The w-hole-specie clause,
and all-else they are denounced at once
Though their digestive powers have become
enormously strong, having been taxed 10 the
uimoste ever since the Inauguration Of President
Jackson, here they End their match. The
"Removal Of the Deposits, i'-~the "Specie Cir
cular," dc. were nothing 10 il. But, seriously,
this measure is frought with consequences Of
no trifiing moment. And we rejoice that SO
large a portion Of our fellow citizens are taking
a decided stand against this project. The
Conservatives deserve The highest praise for
The part they have laken-and are taking, on
this subject,
They have left their former allies and thrown
m~anfully into the breach they
have come TO the rescue al a time when their
and influence are much needed
quandom friends are letting hy the ar
rows Of their wrath upon them-but il is Of no
use the conservatives know their duly, and
are determined 10 do il. The people will sus-
those who have fought SO manfully for
their interests. New York is again Wing !;
both branches finer Legislature hayea majority
pf Wings ; and TALLMApcE will be elected for
six years 10 The U. S. Senate. Can
you whip him into the traces, or induce him to
sacrifice his conscience, with yourself, Mr.. Ar
gus, by any Gathering promises 2-Try him.
We intended 10 say something, when we
commenced this article, upon the course of
< -Governor Marcy-but we reserve him
next week-for want Of room.
tn Soufberu Inn ne.f;o, cx.