The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-04-13
From nc ~ Y. Times.
SPEECH OF N. p. TALLMADGE,
DELIVERED IN MASONIC HALL, NEW YORK,
On the 9Th Of March, 1899. -.


Concluded. <
But, said Mr. T. the effects Of executive power are
not confined the halls Of Congress Like the bohon
Upas its baleful influence extends throughout the
Union. Il nysdes executive chambers and legislative
halls Whatever may be the private opinions 81 moi
yduals whenever they called upon TO act in an 9TH
cal capacily they dare resist the executive
mandate from Washington than disciple Of tho true
faith dare resist bull from the Vatican wherever the
marty 10 power IN state Is oil the same political ialh
with the regnng dynasty, the influence Of the central
executive is unlimited Whatever measures he recon-
mends must be carried by Congress, and adopted
and supported by his pariiz,ns throughout the States
No matter haw destructive they may be to the best m
terests Of The country-no matter with what ioahlng
they may have been received, nor with what deter
mined spirit they may have been resisted their first
introduction. All these independent feelings and pa
trioc impulses made yield to the power that
knows no law but its own will. and which sdms OF no
rule OF action but its discretion We have bad no.
table examples Of the truth Of what say. within our
own state. Who does not remember with what disgust
and resistance tho financial policy Of the administration
received here on its first PRONUNCIATION Who does
recollect the bold stand taken by prominent po
tical men Of the party throughout the slate against this
whole system OF measures They thought rs did on
these great questions Of currency and finance. After
took my stand in favor OF the credit system. in 1896,
and in opposition to the hard money doctrines which
then put forth, aud which have since been adopted
by tho party, my course received the hearty appreciation
Of those highest in station and influence; and
checred that down TO the close OF the extra
session Of 1897 My communications from such sources,
both verbal and written Of the strongest charac-
ter, aud were the sincere and honest sentiments OF
some, whom party discipline has since made the most
bitter in their denuncations Left their unbiased
judgment. one hundred Of the electors Of this
state would ever sanction BY their voice or their Vote
the present financial policy OF the administration How
humating, them he the reflection to every patriotic
CITIZEN that the viii Of the people be moulded to
the will Of the executive, and that their representatives
must become the mere automata Of his power
Under the practical operation OF our system OF govern
ment,he executive exercise beyond that which
welded either by the monarch Of England rof France.
The usurpatons there which have experienced
here, and the contempt OF the popular will, would
have ended in revolution in either OF those governments
The causes which led TO the Reinforcement OF Charles
X. aud the imprisonment Of Polignac and his colleagues
aggravated as those which have existed un,
der our government for tho last four years ena
it for peaceable mode OF efiecng reso'o
tons through the ballot box, we should nave hsa eo'-
WILSON'S equal to those which brought LOUIS rm'Pc
4 The throne Of France But thanks to the wisdom OF
our fathers in the formation Of orr constitutions the peo
pie have peacesbc remedy IN their own hands Tor all
these evils-hcy have thus lar exercised u dscreey,
and trust they will continue TO exercise It with hrn-
ness aud perseverance, till the government is restored
10 its original purity, and they to their constitutional
rights Under this system Of eenrahsaiion OF execu.
tive power The President OF the United States has pa
lronage practically extensive the King OF the
French According to De Tocquevlle the King has
the appointment Of $4,000 officers each Of which, he
remarks, may be considered element OF power. and
whose annual compensation amounts To about hlrty-six
millions of dollars. II is the president has the d.
appointment OF much less number, but which must
eventually and of necessity. be greatly increased under
the system proposed for the management OF the s
cal concerns Of the government. The inevitable ten
>dency of such system is TO increase II has been so
in France-t is so every where. But the power Of the
President is not limited by the number Of direct appoint
men,s Through the machinery and discipline Of party,
introduced and established by him. his influence is
extended to the officers Of the He controls the
action OF the executive and through him the subor
dinate officers who hold their appointments from him
Thus the practical operation Of the system. he has
power than the head Of any limited monarchy with
which we are acquainted. This is not mere theory
Every observation will satisfy him Of its truth
and unless this power is speedily checked, the time
will come when shall not only have parted with the
substance but shall deem the forms Of free nstu-
tons worth preserving.
Let US now inquire what the objects proposed to
be acc accomplished by the adoption Of this Sub-treasury
scheme As understand them. they are three. lst.
To enlarge the specie circulation Of the country I'd
To take from the banks thou OF the public money. 3d.
To enable the government in case of suspension Of
specie payments by the banks to have the command Of
funds II its advocates propose any thing be-
yond what embraced in these three propositions
entirely ignorant of IT, These include all that have
heard urged in its avorand with your indulgence,
will undertake to show, that if adopted, it will
complish single of them
First them the enlargement of the specie circu-
laton Of the country-I lay il down fundamental
principle political economy, that specie should be left
regulate ITSELF and seek its destination according
to the laws Of business and OF trade. II is in
tary system, like water in the natural world Left to it.
self and to its own laws, it will always find its Lowell
/ When flowing in its natural channels it cnrches and
ertizes the regions through which It passesbut when
diverted from its by the sudden application of
any unusual force produces disaster, and sometimes
h 3 bn linn fiunaa nd torua
titles, boarded up whether it be in Sub-treasury vault
not becomes like cataract that has been obstruct-
/ cd 1t will eventually burst through the barriers that
have confined it. and carry with ruin and destruction
to those who shall be overtaken N its progress The
business Of the community is affected by too much or
too little specie provided its free course has been OBJ
struc,ed diverted by artificial means In this way
there may be fluctuations with specie, well pa
per circulation and each equally pejudcsl the bu-
sncss interests OF the country in proportion to the
tent of their arrangements respectively. Now by this
Sub treasury scheme, is proposed to enlarge the spe-
Gle circulation by artificial and contrary to the
laws Of trade and Of business This will be perceived
is in contravention Of the fundamental principle have
laid down. and which be preudicia to the business
community 1t like forcing water up hill, without any
adequate object. Without such force, or other
cause have never known any read Of but single
instance, where water rose above its own level be-
lleve it is related in Knckerbocker's history Of New
York, speak from memory that during the baltic Of
the Swedes, Chrsiisna ceeek turned from its course
and ran up the hill in breathless terror! This perform
ance VIII stand unrvalled, until by the practical opera
ton OF the Snb.trea Try scheme, according the pre-
dicons Of its friends, gold shall be made to flow in
coplous streams up the Mississippi
10 enlarge the specie circulation according to the
proposition now under consideration, specie alone must
be received IN payment Of the public dues and specie
alone must DO dsbursed in payment Of the public Gre
dltors The notes Of sound specie paying banks must
OF necessity, be excluded both the receipts and dis
bursements OF the Government Permit me now to
illustrate my views OF the effects Of such system by
its practical operation at the port Of New York NV
remarks will be equally applicable TO every other port in