Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-07-16
Correspondence OF the Boston Atlas.
WASHINGTON, July 6, 1910.
THE SUB.TREASURY.-PARTY
TACTICS.

II The grcat-tle only measure of the Ad-
ministrution having been at length cOnsum.
mated in violation OF the wishes OF the people,
and by the sacrifice OF the dearest rights of
freemen. the drapcry Of laiSeho"d and lypoc-
risy which has hitherto concealed the clOven
hoof Of ultra ra dicalism, il assumed by the
party in power with more carelcsslcss and
lcss regard TO appearances now that there Is
SO little TO gain by farther conceamcnt. The
very fact that within twenty -four hours after
the passage of that Infamous 6ill-the sub
treasury, the pnrty leaders avowed on the
floor Of Congress, that now was the time
\ C = "ro CARRY OUT TIL. PRINCIPLES OF THE
suB-rREAsURY,sttO by refusing to re charter
the banks OF the District Of Columbia, Is e.
nougl TO open the eyes OF the blindest devo-
teo of party.
Thus it was openly acknowledged to be
carrying out the principles Of the sub-trcas-
ury to deprive u, one fell swoop three incor-
porated cities, containing population OF
FORTY FIVE thousand people, OF every bank
ing institution within their borders. Yes,
the language Of these cold-blooded, cow
ardly assassins Of the prosperity ol defence
less and unprotected people, was almost IN
SO many words in tho following avowal Of
their infamy :"W We cannot hope," said one
Il Of their leaders, "to induce the States al
present to fall into our measures and carry
out at once the principles of the sub-treasury,
but here we have an opportunity OF showing
our consistency. Here are Few powerless
institutions which we can massacre with I'M.
punity. Let us carry out our principles, and
show our consistency by destroying them
II We dare not as yet act upto our professions,
and abolish oil banks in our own States we
dare not do this. 1t would be signing our
i political death warrant. But here are peo-
/ pie whom we can afllct with impunity.-
\ They are utterly dlsfranchised. They have
no voice in congress. We ore beyond the
reach of their Indignation. Let us therefore
/ begin the work where we can do it without
any immediate danger TO our precious
selves"
II Such is the spirit, if not the exact language,
of Mr., Vanderpocl, from Columbia county,
H New York, the file leader Of the party, the
II townsman, aud bosom friend Of Martin Van
Buren,. And this is carrying ont the princi.
pies of Me sub.tredsmy! The destruction Of
sound and solvent banks! Let it not be pre-.
tended that It was for their temporary sus-
H pension that whole district has thus at once
\ been deprived Of its only means OF carrying
on its business. Let it not DO pretended that
n this was the ground Of the destruction Of the
banks OF this District. II is well known TIM,
these banks would not have suspended, could
they, without doing so, have borne up against
the suspended institutions on Ill sides. Be-
sides, the Patriotic Bank neptr has suspended,
md yc, no srception IS made IN its faror =
So much for tory justice. Carrying ouf The
principles ofhe Sub. Treasury" with ven
ycancc But where is the Tory leader who,
before last Tuesday would have dared TO
acknowledge that the rNriHE DESTRUCTION
~ ALL BASKs- the utter humiliation oi these
institutions, was carrying out the principles
Of the sub-ireasnry
III IL IS what the Wings have ever charged
upon the sub.reasury "a It's legitimate prln.
ciples, but which It's supporters have always
denied. They have insisted that the charg,
{, was part OF a conspiracy of the banks To CO
lumnlatc aud mlsreprsscnt the Sub. Trea asury
But tie moment the bill has passed into
/, law, "in spite Of the lame entaiions Of the peo.
ple," the mask u thrown Oft, the cloven hoct
iEo horns aud the tail of the demon appear
aud the entire desruciion and abolition of ul
banks ~ dar'ngy ayowed 10 be "oARRYiN,
lour rBs pkiseIrLEs op TuE SuD.THEAs
P lURv"
\ Tho fret, the Immediate the necessary re
1.Ilt Of csnymg o1t and eIorcln. the prn