Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1840-02-06

AiS employment.
me great boast of Jackson was that his
measures were calculated to prevent the rich
no: oeoou'hg richer, and the poor from be-
coming poorer. Our new doctors have rever-
, seu MS Pohcy entirely, and boldly proclaim
ph anu their determination to be to
make tne poor poorer, for the purpose of. ma
KING the rich richer. Truly did Mr.. Claw
declare that way of reasoning gave 10 the
OIL III a strong light a character more inC,-
nous than any In which it had yet been pre-
scented. ~ nv
lie denied the principle that the reduction
n wages was an indication of prosperity
on the contrary it was permanent hipb rate
oiwages which gave that indication. So al
So on Kindred subject, permanent hiph rate
vi ihterest-not temporary or huctuating
Iate OF mterest-but a permanent one, shows
the prosperity OF country. He concluded
MIN tnc declaration that that country.is most
noGrlsning where the prices of labor are
Hls"eS': In connexion with this branch of
, ,ne SUBJECT MIR. Clay referred by way of il
ius 10 remark of the celebrated Ed
i y reviewer, Francis Jeffrey-now Lord
jeffrey, who visited this country MANY wears
ago. and on leaving it said-s'rhis is the
1!e1cen Oh the poor man, but the Hell of the
rec with all its extravaganza the obser-
Va'ion showed that the illustrious Reviewer
nav; iidu oech struck with one of the greatest ev-
'uehces Oh a prosperous population, the hiuh
rate Oh wages and the consequent addition the
poor man obtained to the comforts which he
could procure IN any other land the sun shines
on.
1t is from this state of ease and happiness
80 inherent from the condition of the working
men OF me rest OF the world-that this pes
AleIous Oil proposes to strike down the free,
n ns industrious and enterprising laborers
VI america. 1t proposes to reduce them to
an equality with the half fed, half clothed.
impoverished and uneducated laborers of most
Oh the nations of insular and continental Eu-
rope.
oir' said MIR. Clay, Throwing down the
copy OF the Bill which he had held in his
I,ahd,) pass from this measure. But hone
the country will not soon pass from it. |
trust the people will continue to consider and
discuss 1t; and when the day of reckoning
comes, and l sincerely believe it will be the
4'h day OF March, I94I-they will not forget
tlla' one main object of this leading measure
il mere, was to give to the poor man on
~ 50 hluch Tor his labor, as would enable
l; 70 procure bare subsistence that the
a aicn might have his goods, produced at so
vantageously with the foreign manufactures
IN the markets of Europe.
MIR. Clay alluded to the remarks of the
rfesldent, In his message, on the control ey-
efciseu over the financial concerns, and the
BUSINESS OF the country by the Bank of Enp-
iana' he shared completely, he said, in the
dissatisfaction which the President manifests
at TINS display of power exerted by Foreipn
institution; and he confessed his mortifca-
llon 100, that the people of this country looked
WIN lar deeper and more absorbing interest
ior the arrival of British Steamship than
'hey did Tor news from Washington. And
why IS thls, but because the American people
nave nave peen taught to hope for nothing-to
look for nothing from the Capitol and tho
government of their own country.
But why is this power of the Bank of Enp-
iahd SO controlling. He attributed it to the
war OF the Government on the institutions of
this country. ''' VI
was 1t, Che asked) ever feared or complain
Ga OF during the existence of the National
nank OF the United States? Neyer-neverI
until you had run down the institution Won
called ''the Monster" and left us to the mer-
cy OF numberless monsters in every part of
the Union. f"'' -
MT. Clay reviewed the measures and doc
ZINES OF the Administration in relation to the
ohiled States Bank, and the State Banks. and
III speaking OF this Administration, he re-
iiiueu lhe country that the same monarchy
were on the throne for the last eleven years
E :, the second after Charles the first.
Marlin an Buren, after Andrew Jackson
re spoke of the war against the national in
stitution; and the terms of high eulooium
WIN winch they then bepraised and bep1fred
1he state institutions. Having succeeded in
destroying them, they soon began to denounce
ana declalm against the British monster.
Inc principal cause of the power, exerted
oy tile Bank OF England over the financial af-
lalrs OF the country, was as we had stated be-
lore' that we have been buying too much and
mahtng too little. If we wish to get rid of
this foreign power, let us not run so much in
debt to them. One of his principal objects in
wishing to establish an effective system of
protection for our manufacturers, was to break
down this foreign CONTROL
MIR. Clay then proceeded with another view
OF the measure, to exhibit which was his
principal purpose In addressing the Senate -
namely, that OF 1t being scheme for the es-
adjustment OF Government Bank. His ex-
position and reasoning on this branch mani
tested as high powers of augmentation, as
his captivating and impressive elocution is ~
Universally. acknowledged.
In connection with this he spoke of the in
evltable tendency of the bill to create Execu-
tive patronage and power and closed with
an earnest prayer, that the day of reckoning
WIN the men now In power might not be de-
layed beyond the year 1871.
Correspondent Bali. Patriot.
a committee OF five gentlemen has been an