The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1840-03-03

IA, NJ.
hi at Fitahurgh tor quarter r,r less nf that sum
ana ~ New EngIant, | understood Him, for
Hb""r hdif EVERY bndy knows the vast difference
III uie expense 0t living Bstween Boston " cOuntrv
Iowns. But how ia IL with hard money Countries ,
E%peSes Of all 40rts mqueStIouabty f1uriud
Sren'er IN Havana rhln in Fhtrencg and l mght
O. on multiplying exImpies fur "a is more difficult
70 nI't TWO plCea that currpspoud than tyvJ tIat
nra al ylrlancg. Dues IL not pillow lhlt CURRENCY
wh''' % undoubtedly has an Influence, not even
a!f prln"ipaI cnuse Of Tins diversity
BAT, sir, cannot dwell M this. The SENATOR
contended, by ngeuIus argument riIat re.
duetluu OF Wages would bG beneficial t0 rhe labor
err because property would necessarily rhIi IN the
same ratio, aud, IA he tGrvur ct deHHte- addressing
View Engaud thruugh me, he appeals 10 her 90 an.
brace this alternative, 4 recuurce rescue her
manufacturers from The which JIvs Druspecr
hinhr1re what, llr President How will Il cor
responding ia at wages and property atd the la
apref dow Is hls condition 10 be improved bv
% Ehe thut cIn be sand !a tIat has rpIaya
condition Is unchanged. But can he emhrace rhe
degrldcd condition Of By lar the .arger class Of l
horers N England and ireland, here yhs aims
houses are llied with pHupers, and those who sup
port themselves Struggle for lie Can he d-scend
I grade 'uwer, % hard money Iralv whore, ~ the
authority read by the Senator trurr Mlrviand Mr.
Harrck will pruver but will not stop % read b..
wages Ir= threepencr a day Is lr invitation
10 lh1nt0n the physical, moral, and intellectual
cuGI-grts md rnI8vpenta which surround the in
du,t:uuA man here and descgust % rire depprinle
cour tinn Of those who dy from their cuuatrv 20
-his t5 place 1I raiuge for the poor, le g.,a IL
the hungry
Bur, ar rs have more TO saw Of This in mora
appropriate GanneSIuu, / shall pass Do tor the pre-
saut, with a single remarA-lf such the adran
lagos ct other countries NVhg du lac pour ari crfa
h'ther. and why do NOT eur citizens emigra,e tIifh
will now notice the effects upon the 1uhiic paiIcv
which are Imputed to thIs Alll w have alwav4
been rpld thar a SIMPLE prUposi lluu 70 divorce
the GHvarnmeHJ EOm the uau.Ns, So % euaata &
10 auld Is money, and, therefore. harmless in
ia character, IL would affect Gothing sse
Eur. sir, lhe Senator from Pannsy Iyunin. while he
declares thlt he - not for an exclusive hard mOury
currency IN other warDis is not hostile 10 we'll
Ielrair Stats bnnks. n they can he wajregnltIed.
he Expresses himself, argues riar this DIii xiii
diminish imnnrtauuus, suppress credit. and stop
speculation, by modifying ne currency so Tar As 10
work duu these extranriJnarv ends.
1 an by means saIsIed thaI II is Capauie at
producing all these consequences, nut, as such a
power puted 20 L By rs warluest friends ant
f1use who IN the cuunciis and ruuldrnce vt the
Adminls'rlton. who bring &c hlr"ard, and no
tnubt bring forward wirh tIjs view AMI eX1ectI-
uon. I shall, in this reply. coutine myself 20 rhe
Dusytous assumed Thar it viii do she cuun try
no uuud have never fauhtad but { hava newer
lpyv ed mvs-t believe tilat exert uhaC
fueucn unuu It4 affairs which 10 HE'D 10 it,
4 sr WI diminish EuUurtlunua ~ The rlght way
az mr. IL las NV most hearty coucIrrrna", tDr LAeY
have run lntO an injurious excns-- Tins nInn is
the result Of I.4e policy, not InpuiHh'a ~ paper.
~ the Seuatnr 4urposes ven principal
f. crryli,r Of encouraging 1ra,gu HhuI instead az
our oVu- of stimulating this uIda under the per
-jln-ion that b. ia more beueiciai he cunntrv
Than ro 4frengtlnn und iaasr ministry,
ul has rearhrd putnt ct injurious agcess.
pending 0ur iIbnrars from smptnT Ieut Iit takIu. Z
trum r,eu, their bread We huv mora tIun we
sell. leaving balaHce IT munv mI,liuns now due To
Eurup pc which Is De paid cut Of the RESOURCES of
the Pr"pi-, and 10 time t3 retraca our steps The
President. who has been i promoter Of TINS pGiicv.
cumpi1ins his message OF hrs excess as serious
evil and rpJuice at IL hrt he fills Indicate the
remedV He rGiiis vaguely Of eCounmvs bar ST
lent tha gieat interests Ut tle North aud East.
We must, sir. stand OV iahnrers and not
suffer them 10 be }verwhelIned hy thus PROCESS
and uhen a1nea Ia them 10 inyver their wages. Our
duty IL pluIn. and must pursue t with manly
frmnes4. Tho workshops OF Europe must not be
allowed to 4uDGrsede This ~ the rem eiv
But the bill Will suppress cTgdlt-7uppress hinated
credit What. sur, 10 crHdIts Que would think 10
some new InvenUon to detraud the Public. by the
manner whirh spoiSen 0i bur &c - co ex s;-
enL with business. and wIerevar there IL has
been business, there credit has always existed and
ms been lnd Will be abused Is greater or less
tent. / Gnnnot now comprehend how commences
trade he arrIed on successfully without It
Abolish credit. and tnr what Because the false
policy OF the Administration IN L-lJ-36-=tm
ulaled 10 10 excess Becau~H. ike the sirend0n OF
speech 1nd Of the press. it he abused know
Of no other period against " hGiI any Genar1! aud
iu-t charge cnn b" brought.
~ bar would be Jhe condlUuu Of the cuuntY %
men were denied credit Nothing more deplnra-
bic. The Young born nhertancG no "
goes nIn the world with his character iur honesty
Ind integrity; Jh,s hIs only and by the
faith placed III rlis he commands the funds naces-
sarv To 20 iurwHrd IN ms business. And. Wiz
President, 10 IL nf the glorious characteristics
OF institutions tbat thi+ pHtI ~ open 10 hs en-
erprls+ and the way 10 weulth. Is well IL 10 hon
and .ne. IL clear ct nhstructuus TOR the most OBJ
scure and humble individual. Shall we fHnY ~
such the only chauca they have of suGcess Shall
we tampe un them. and grind them IN the dust
with the IRON heel Of power No, sir, viii as
puuse no such ami republican, ducnnes | Will
vote for no law thal declares 10 the poor thar they
shall remain in hopeieas poverty ahd to The rich
that they alone shall have the enlnYment OF prog
artv.
Bot speculation IS 70 be put down. hthe Sena
tor means ny speculation, un"Isa and hazardous
traffic. il has always existed, and always Will ex-
jst where eutarnrlse exists. unless we Gun upro"t
the desire IN the human mind for the sudten
acquisition Of weaIih He might aa we'll under
raiia to stop rhe emotions and passions OF IN" hu-
mun henrt The only is tn mike meu pri
denr and saTltious IN busluess-and t IS very Gesl
rahla r. should be #o-is tn make them see far T.
nough into the hIra To avoid r1lnuus haZardS
I htr rho r1ah m ofia1 have a for