The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-07-11
VIEWS OF A FARMER AND MILL
WRIGHT.
A SUBSCRIBER
OTsEGo, N. Y, July Sd, 1910

OTsEoo, N. Y. July Sd, 1870
For the first time in eight years do many OF the Van
Buren, party come to pause; and, mistrusting that
their rulers may be in fault begin to hear arguments
both sides, and to read for themselves after series
Of msforunes produced by the most rash, ruinous,
and abortive xpcriments--such as increasing the
banking capital of the United States by chartering
local banks from $l4 900 900 in $780, to 1890 900 600
in 1889 (besides Coy Marcys &c 900 900 State stock
SCI to supply the vacancy occasioned by the an
Inhalation Of the United States Bank, thereby more
than doubling the value of all the property in the u
States and inducing people, in anticipation Of the sud
den advance in the price of property to borrow money
and to run into all the past wild and chmerca specu-
ations, whereby the many have got heels head in
debt to the few, and the country sunk in debt to
Europe of more than $2OOOO0,OOO The specie circu-
lar apparent attempt of the Executive get all the
money in the country into the hands of the Govern
ment officers, probably to anticipate Swartwout, Price,
and others. Removing the public moneys contrary
to law, from the U s. Bank and placing them in the
local banks, whereby, according to the Rough Hewer
upwards Of 600 have been lost to the Govern
ment Refusing to receive the revenue in mixed
money, the only currency in which it could be paid
whereby ss6,60 600 has been lost. In taking bonds
instead of paper money Of merchants who afterwards
failed in business Permitting or suffering the collect
of the to retain in their hands for years
for speculative purposes the public moneys, whereby
81 300 600, and probably two three times that
amount, has been lost, (See Rough Hewcr, No 1S
June 18th, 1900 Small bill laws to keep the gold
and silver money passing, that it might be grappled
by the money power without the necessity of get
ting their hands through the locked vault doors of the
banks. Increasing the officers and servants of the
Government, and increasing the expenses of the Gov
eminent from $l7,0000O0 year, in Jackson's Ad-
ministrations, to 1877 100000 year in Van Buren,
Administration which is $3 900 900 year more than
doubling the expenses Of Jackson's Administration
whereby surplus of ST. 900 900 has been exhausted
and the Government involved in national debt of some
or 700 900 And now after all these disastrous
experiments, when the country is in debt 1900 900 900
TO Europe the bare interest of which with the price of
exchange added would be more than 1870 100000 an
nualy, sum, the payment of which, would paralyze
the whole energies and prosperity of the country and
when the mechanical, the manufacturing, and even
the agricultural interest of the country is almost pros
trate in ruin for want oproper protection the country
full of the surplus products of the SOIL which, but for
| the want of currency 70 purchase them would be
exported to Europe, where they greatly needed in
ofhe short harvests for the last two three
years. and now say again. told that the so-otcn
rejected and obnoxious sub Treasury Bill can must
and shall be passeda bill calculated and contemplated
to destroy the last vesge of the credit and paper sys
tcma measure that, if carried into effect will reduce
the currency at least from three ourths tenths
in quantity, and the value ofpropery and labor almost
in the proportion will stop all trade foreign and
domestic, destroy the revenue of the country, and
leave even the Government itself bankrupt and the
country to take of itself" Yes this bill seems
now to be the last final desperate effort to finish the
work and to the last stone that is left top of
another that is not thrown down in order to complete
the entire work of destruction
But, sir hope, and zeaously believe, that work
of reform has now actively commenced, that will
shortly stihe and abate the ruin From all parts of
the country do we find people leaving the Van Buren,
party, and joining the Republican party In this State
there to be the like changes making in almost
every town. The Van Buren, party still holding
on to the " working-men" with grasp like the tour
niquet telling them that the Democrats were never
in better spirits, that their cause is prospering
that they will carry the State next fall by more than
1000 majority, SIC. But with how much faith can
they tell these stories, when they know that there
were last fall majority of IL 900 against hen-that
the changes since, with very few exceptions have
all been against them; that there are in the State 800
towns, and that a single change in each town. from
their party to the Republican, will make 1000 differ
cnce. With what faith, ask again, when the " De
mocratc" members of the last State Legislature come
out in an address to their party, and say that Never
since the United States became Nation has liberty
meaning their party been in greater danger than it
is at the present time" Old Otscgo so long held in
Federal bondage, has weighed anchor and is now
coming, and coming too, like the falling of heavy
bodies to the EARTH with accelerated motion for
believe she will be in the field triumphant by year
from next fall (should Gen Harrison be elected Presi
dent, of which there hardly be doubt) changes
are constantly making in the County now-I know
several in the small circle of my acquaintance Van
Buren, men last year that will 90 for Harrison in No
vember And the changes are making the right way,
| from the Van Buren, party to the Republican
There is not single csange the other way that !
know Of and even the Federal Journal Of this County
that hardly fails TO ovcrreach in all political mat
ers now edited by our District Attorney or other
ofiicehoder pro tcmpore and assisted by the tedious
and ever firing correspondence of the 'nountebdnk
" Democrat" who nominally represents Cor more pro-
perly msreprescnts our county in Congress docs not
claim but one individual accession in the County TO
their party since last March and he they do not name