Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1840-02-13
eNFSSceELNsteOtgS.
Correspondence Of the Charleston Courier.
WASHINGTON. Jan. %.


Mr.. Calhoun's letter to The Mercury da
ted January 7ih, ~disclaiming all aspira
,ions tu The Presidency, and complaining
ofthe misrepresentation of his views aud
obiecls In that respect, appears in our Cit )
papers to-day, and affords evident relic
and qualification to some Of the friends o
the administrations. He more than init
mates that the hints which have appeared
from time to time, on this suhject, came
from source unfriendly to him; and it is
very certain that the administra ton prints
have always discouraged the idea that ne
intended. under any circumstances, to be
a candidate for The Presidency. So, thai
matter is al rest. We have runlors thai
some Of the Southern States, which will
neither support MIR. Van Buren, nor Gen.
Harrison, will start new candidate
Scot, is talked of, and Georgia. it is said.
will nominate Gov. Tronp. We shall now
see as soon as the Sub. Treasury bill shall
have become law-and it will not be
Iong-we shall see commoliou in the po-
li,ical elements; breaking up of old, and
the formation of new parties.
In the Senate, to-day. Mr.. Buchanan
made capital speech in favor of the SUBJ
Treasury project. La reference to the
present condition of the country, lie under
took 10 show that all our emharrassnents
and distresses grew out Of the excesses OF
the banking. system. In former times, it
required some wears TO raise The steam
high enough for an explosion. but now'
with the aid Of state bonds and the great
regulators agency in Europe, we could
have blow up once in too years. we
have had two suspensions since 1881. no
country in the world hut this could stand
such sudden and frequent contraction aud
suspension. The elasticity and vigour OF
our young country, enabled her 10 With
stand these ruinous fluctuations. The sen
ator from Kentucky, (Mr Clay.) had pre-
dictcd that the sutferinss Of the next year
would be still greater than of this. If the
distresses should continue and be asgrava-
ted, the gentleman's candidate for the
Presidency, (Gcn Harrison) would have a
better choice Of success. But he did not
think that the Senator's prediction would
be verified. Reliefwas at hand, The crisis
was past; the next year, though not one OF
great prosperity, would not he one Of suffer-
ing. He declared the Sub-Treasury bill
TO be a proper and efficient means Of
affording relief TO The country. 1t would
admonish the whole country. banks aud
a!l, of the propriety Of reducing the
amount oc revenue and preventing sur.
pluses, because it would lie the interes,
of all 10 keep the gold and silver in cir
culation: second, it would reduce the
amount of inporla,ions, and promote the
welfare Of our manufacturers; and, third,
il would restrain The excesses Of hauk Is
sues.
In the House, we had the old suhjecr of
abolition. Mr.. Adams spoke in opposition
TO Gen. Thompson's amendment 10 the
rules, aud called upon him 10 propose Ell
,her TO reject, or to receive abolition peti
,itions. This plan Of concealiug their dis
position, by hanging lh'm up between
heaven and earth, did NOT. he said. meet
the well known chiva!ry of the gentlemen.
IT was of the wooden nutmeg order, tho
not from yankee land. He called. too,
upon The South to bring fnrward resou-
ton for The abolition ofsiavery. in the Dis
trict of Columbia, in order TO see ,cho 'oouid
cole far it. He declared that he would not,
and that he doubted whether any one else
would, except perhaps, Mr.. Slade Of Yer
mont. The House has not settled the
question.