The pilot. [volume] (Baltimore [Md.]) 1840-1840, 1840-04-21
DAVID R. PORTER.
Ert cut,pe Chamber, }
April II, 1910. s
CONDUCT AND POLICY OF THE ADMINS
TRATION-THE SUB-TREASURY-REDU
TION OF WAGES Sc

| CONDUCT AND POLICY OF THE ADMINS
TRATION-TIE SUB-TREASURY-RED
TION OF WAGES, sc.
The measures Of the past and present administra-
ton have tended to the prostration of all the best
interests of the country. II IS hard to charge upon
rulers the intention of producing resutsso disas
trols but when we fad that every leading principle
of the administration of General jackson, which
have been adhered to- and continued by the gentle
man who has followed in his foot steps, have produ
ced calamity and DISTRESS it does that for
reason other the settled purpose of the government
has been ta-hring about these disasters.
The war upon the chartered institutions of the
country and which resulted in the destruction of the
United States Bank, the first great blow given
to our Commercial and Mercantile interests. This
was followed by attack upon the Merchants them
selves, and subsequently by the exercise of every
power and influence of the government to dscredit,
and thereby destroy the banking institutions general
". The result of the various measures was, that
Mr.. Van Buren, was barely seated in the Presiden-
tial chair before the country was paralysed from
Name to Georgia. by one of the most violent COM
nercial revusions that the world every experienced
The largest and most extensive merchants in the I'm
ion were Frustrated and in the place of the boosted
publication of the currency, which were told by
the leading partizan of the administration should be
of virgin gold, there was universal suspension of
specie payments by the banks, produced by the over
whelming influence of the government. The war
upon the banks has been continued with unabated
vigor, and although, for brief space, the banks
were enabled to return to their legitimate sphere OF
business they have been compelled again to suspend
The administration has disorgauzed every branch Of
society, and not content with the destruction of the
merchants and the banks, they have turned their bat
teres upon the laborng Glass; and the farmer. 1t is
acknowledged that the effects of their measures
will be to reduce the price Of labor and the ca'sc Of
ere,y article qfprod,scc. Agriculture and labor
the chief sources of national prosperity They the
foundation fthe whole superstructure Take fomthe
laborer the wages of his labor, and from the farmer
the returns for the products of his land and the fruits
of his industry and you VIII destroy the whole fabric
of society. Yet such among the necessary effects
of the passage of the sub-treasury bill, and are
knowledged and avowed by its advocates The la
borer depends upon the prosperity of the merchant to
give him employment. Gut" to use the language
of southern paper upon this subject ''the merchants
have stood the first fire of the Executive, until they
have been cut down, ruined and impoverished; the
laboring classes now, within turn, to suffer. The
connection between and all the sources of
productive wealth. is such that the destruction of the
former pre-supposes that Of the latter There is not
of sound practical in the country, who does
not know that agriculture and labor the basis of
a nations wealth"
The reply which is made by the friends of the sub
treasury, to the effect TO be produced by the
upon the wages of laborers, is somewhat ingenious
but unfortunately for them it goes too far They say
that the price of labor will be reduced, but at the
same time the produce of the farmer, and all the
cessaries of life would be also reduced With this
view of the case, the iaboring might rest salts
fed, but how does it operate upon the farmer, who Z
the producer and the of the soil, which by the
sweat ofhis brow, brings forth the fruits of the earth
His claims should have weight with legis-
lators And they will have weight. The great ag-
ricultural interests of this country daily becom
ing enlightened in relation to the policy of the admin
istration and to the results which will necessarily
flow from the success of that policy. They are be-
ginning to know because they beginning to feel,
that they doomed, like the merchants to destruc
ton; and it is the Why in recent elections
in the agricultural districts, there have been such
large majorities against the administration, and in
favor of the farmer of Ohio. They regard General
Harrison as one of themselves; they know that he
is identified with them in every interest; that he
sympathzes in their present distress, and that BY his
election the destructive of the present admin
sration will be arrested and thus the farmer be again
prosperous, happy and Independent.
Upon this important subject, which indeed
forms the great point upon which the two political
parties in His country contending, we will add
an extract from an excellent article in late number
of esThe Connecticut Courant," under the signature
of ga Manufacturer
esAfter the cue is given in Congress, brother of
the candidate for Governor of Connecticut, Mr.
Richard Niles, took up the argument. More wise
or more wary than Mr.. Buchanan, he spake, not to
the laborer, but to manufacturer Let us hear
his own account of the matter, and as he and his
brother, the candidate, consult much together, we