The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-10-15

political comprehension, no just policy II
IT'S leading measures We look upon il!
abandonment Of the currency as fatal, ant
We regard lis system Of sub treasures al
but poor device ia avoid high obligation
or as the FIRST IN new series Of ruthless
experiments. We believe its professions
IN favor Of q hard money currency TO be
insincere; because we do not believe thai
any person Of common information and or
binary understanding, Gun suppose that The
use Of paper, as circulating medium, vii
be discontinued, even If such dlscontinu
ance were desirable unless the Governmen,
shall break down the Acknowledged author
iiy Of the State Governments 10 establish
Banks. We believe the clamnr against
+ State Banks, State Bonds, aud Stale Credits
10 have been raised BY the friends Of the
Administration 10 divert public attention
from lis own nsmanagemeut, and to throw
or others the consequence Of its ogn mis-
conduct. We heard nothing Of all this in
the early part Of General Jackson's admin.
lstraiion, nor until lis measures had brought
the currency Of the couniry Into tie utmost
disorder. We know that IN times past,
the present Chief Magistrate has. of ali
nien, had mos, TO do with the systems Of
State Bgnh,, the mes, faith in their useful.
ness, aud no very seseseiy chas,cned desire
to profit by their influence.
We believe that Il. purpose Of exe'cis
ing money influence over tho communi-
y has never departed from the Admnisira.
ton. What il could not accomplish by an
attempt TO bend the Bank Of the United
States 10 IFS purposes, we believe II has
sought, and now seeks, TO effect by lts pro,
Jecl OF the Sub Treasury. We believe,
that 10 order TO maintain the principles up
on which the system Of the Sob Treasury
Is founded the friends Of the AdmInlstra
ton have been led to espouse opinions des-
trucuve Of the iaietnal commerce Of the
country, paralyzng 10 its whole industry,
tending 10 slnl, IT'S labor, both in price aud
10 character 10 the degraded standard of
the unlalormed, the ignorant, The suffering
labor Of the worst parts Of Europe. Led
BY the same ncceGs'ty, OF pushing the same
principle still further, and with a hind Of
revolutionary rapid,,y, we hnyo seen The
nights OF property not only Rssailed. but de
nied-tho boldesi agrariun notions put forth
the power OF transmission from father to
son openly denounced--tho right Of ole TO
participate 10 that OF her, to the relec
lion Of the natural claims Of his own chill.
dteu, asserted as fundamental principle o.
the uos Democracy and all this, by those
~ho are 10 the pay Of Government, rccelv.
lug large salaries, and who're Offices would
be nearly sluecures, but for the labor per.
formed IN the attempt 10 give currency 10
these principles and these opinions. We
believe that the general tone Of the meas
ures Of the Administration, the manner in
which Il ooulers fayors, its apparent prefer.
ence tor partlzans OF extreme opinions, ED
the readiness with which il beg;o@s ITS con.
tidence on the 5oldest and most vloleut, ore
producing serious injuries upon the poltl,
csl morals, and general sentiments of the
country. We believe that 10 THIS cause is
fairly to be attributed the most lemen;ahle
change which has taken place IN the ten.
per, the subrieiy, aud The wisdom With
which tho high pubic councils have been
hitherto conducted Wo look with alarm
10 tho EXISTING state oCthnEs, in this respect ;
aud we would mos, earnestly, and with oil
our hearts, as well for tho honor OF the
country, as for It's interests, besoech ell
good men 10 unite with US 10 en- attempt to
arlug back the deliberate age Of the Gov.
efnment TO restore 10 the collected bodies
Ct the peoples representatives., that self
respect, decorun, md dignity, without
which the business of legislation can make
no regular progress, end is always in danger
either o; accomplishing nothing, or Of reach
ing IFS ends by unjust and vioen, means.
We believe the conduct of the Admins
trat,on respecting the public revenue to be
highly reprehensible. 1t has expended
twenty millions, previously accumulated,
besides oil the accrui0g income, since il
came into power; and there seems al this
moment to be no doubt, but that i, will
leave to ts successors public debt Of from
five to ten millions Of dollars. II has
shrunk from It's proper responsibilities
With the immediate prospect Of al empty
treasury, 1t has yet not had mnn'lneSs 10
recommend TO Congress any adequate pro
vision. 1t has constantly spoken OF the eS
cess Of receipts over expenditures, until
this excess has finally manifested itself IN
un absolute necessity for loans, and IN a
power conferred on the President, sltoEeth
er new, aud in our Judgment hostile TO the
whole sp,ri of the Constitution, to meet
the event OF want of resources, by with
holding, out of certain classes of eppropri
atoms mads by Congress, such as he choos
es to think may be best spared. /. lives
by shifts and conirivunces by shallow artl.
fees and deusve names, by what is called
" facIhlies,' and the exchange of Treas.
ury notes for specie; !" while in truth It has
been fast contracting public debt IN the
midst of oil It's boastIng, without daring to
Law the plain and naked truth of the case be
fore the people.
We protest against the conduct Of the
House Of Representatives in the cause of the
Now Jersey election. This is not local,