Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-03-19

|. Further effects Of .Mr. Vnn Buren,
" False System" as displayed IL hi'
'alse stattmsnts, 10 Me people, and also
ofhis Secretary Leri Woodbmy's--boh
+ forming "unit" uih remarks OF Ms
same, &c. Sc. Sc.
Extract from Mr.. Van Bnrcn's Message,
To the two houses Of Congress, December
2l, 1875 eco copies ordered TO be- printed
without accompanying documents, 5000 cop.
les with documents, for use OF the people.
! "The nineteen millions of Treasury notes,
! authorised by the act Of Congress Of 1887,
/ md tie modification thereof, with n view 10
/ the Indulgence oi merchants On their duty
| bonds. aud uf the deposite hanks IN the pay.
! n'ent of public moneys, held by them, have
becu SO punctually rrdocmrd rs To leave !, ss
than the original ten millions outstanding at
any one time, and the whole amount unre-
deemed now fall short o' three millions. Of
these. the chief portion are not due TIL next
year. seven days from Tie time this message
was communicated 10 Congress. and the
WHOLE icouii haze been airet,iy oriinguish
td could the Treasury have realized the pay
mriiS DU j. 10 II from the BANKS. lfthose
due from them during the next year shall be
punctually made, and If Congress shall keep
the appropriations within tho estimates there
is EVERY REASON TO believe that all the
! outstanding treasury notes can be redeemed,
/ and tho ordinary expenses betrayed, without
imposing on the people any additional burden,
either Of loan or inerease Of tares."
!, Extracts from Mr. Secretary Woodbury. 5
report on the state Of the Finances, Dec.
9th, 1888, ten thousand copies ordered 10
be printed for use Of tho people.
"Thcre will be DUE from the United
States Bank in SEpTEM FER NEXT, on
lis fourth bond, about 2,J26.J76 dollars
"Tbc principal now due on the treasury
dcposl,es IN OrHsg BANKS, which suspended
specie payments IN 1887, is J., ,Ii9,gCi dollars" "
( Mr. Woodbury. further states 10 his annual
report that there are outstanding treasury
notes to the amount Of 27J0,00O dollars
and then goes on his report to say
THE aggregate Of two millions and three
fonfths of principal, of Treasury Notes, Is
therefore oil that 1t ls computed will be un-
paid of nearly twenty millions, which were
issued since October, 1887, in consequence
Of indulgences granted to the merchants on
their bonds, aud the banks on their deposlte
debts.-At 10 one time has the amount o'
notes outstanding been allowed TO exceed
= ten millions, and the very present reduce,
= aggregate, unredeemcd, is less than thl
sums stlll owing from the banks that sns.
pended specie payments ~ 1897, and from
, the Pennsylvania Bank of the Uuited State:
, on its bond dae in September ncrt, and might
= WITH EASE have been paid during the
/ present year, had the money been reccivct
on these claims"
II will be seen th1t 10000 copies Of the
E Presidents message were ordered 10 bC
. printed aud distributed among the people
/, containing this deliberate and evidently pre-
c mcdnatcd falschood,as announced in the pre-
ccding cNtrGct.--Mariu N,n Buren, there
distinctly states that the mho': of the ont
standing treasury notes would have been re.
deencd, amounting 10 nearly three millions
of dollars, COULD "the Treasury have
realized the payments DUE to it from the
, Banks, which amount due from the Banks
Mr.. Woodbury. is obliged TO confess is but
Sl,Ii9,9G4 dollars IN all. Let it be also re-
, membercd. that The same Executive sup
, porters, who voted for the distribution OF
10000 copies of the Presidents message,
g containing this, as well as many other per
= versions of the truth equally glaring,l voted
. the printing of 10000 copies only of the
Secretary Of the Treasurys report The
7 writer will defy any honest man of ordinary
g intelligence, 10 read and examine the extract
from Mr.. Van Burcu's message aud then
- compare II with the extract from Mr.. Wood.
bury's report, without his being compelled
to come to the conclusion IN his own mind
th'.i the one wns concocted for the express
purpose Of dccciving the people, and tho
other with "A view 10 corruborae. as much a.
possible, tho mlslaicmeut Of the President. --
Mr. Woodbury. says, the treasury notes woul,
with EASE have been paid had our two NIL
lions of money been paid into the Treasury
> by the United States Bank Of FennsWranin
about NINE MONTHS BEFORE II became
DUE, and evidently means 10 convey th'
impression that the government IS badll
treated by being kept out Of the money h.
he Bmks. Now let 1t be remembered, tha
this fourth instsluicnt due next September
from the United States Bank o. Pennsylvania
/, IS IN par, payment of the stack formerly
owned by The people in the United state
Bank, the charter of which rxpirc,SA 1876
3 This Bank was declared 10 be bankrupt
rotten ard broken by every ninion of "a,
Executive, at that time, aud yet Martin Vat
Burcn by his worthy Secretary, mad IL,
fOUStbH'C w S'li NV l''Il' t'''N w NV
PENNSYLVANIA :" ".UonsiCr," for about ~ per ci
' if memory serves, aJore lis fret cost--ih,
= payments for winch, agrceably to the term
= of the contract, have all been promptly me
by the Bank when DUE, as viii no doubt b'
the bond falling due in next September,
being the last payment to be made by Ih
bank OF Pennsylvania 10 government, Ut III
-, writer mistakes no,(
p Daring the four wears administration q
a that Bank bought Uhig" President, Joh
II q. Adams, all tho expenses OF tho uatlon'
4 government were detrayed and the cnermor
sum of I5.303 Gi2 dollars was paid toward
the principal aud interest of the national deb
The people hardly knew who Kept their none
81 quietly did every thing movc-but the
knew !, was all kept safe and applied Only I
! the purposes they directed. IA hn5 bee
y stated, whlia IT was ~ the custody oi the |
Q States Bank. period of II years. not or
dollar oft was lnst---ncIthcr were the pc"pl
: put iu the expense of one dollar for It's sal
c keeping, or IT. disbursements.
Stree Martin Van Burcr came into nowc
D he has spen, of tie peoples money The sn'
J. or 6.670.i3f dollars. which he fonnd ~ III
Treasury when he nssuInrd the Prcsid"rt
chair-hc has also sqnord'red o36'.2l do
lars, which he also found m the Trcasnr
uhd which had been appropriated by Congrc'