Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1840-01-30

While upon this part of the address, we canno,
refrain from quoting the following sensible, practica
passage relating TO the of the administration
on the subject of the currency from the late mes
sage of governor Roman to the legislature of Louis
lana, How advantageousy does it contrast with
the cant the Massachusetts executive.
Our general government failing in their
financial experiment, did not profit by the
lesson of experience, and, instead of attri-
buting the faults of the state banks to the
real cause.-The want of regulator 10 their
issues-they seem DESTROYS to inflict pun
ishment upon these institutions, because in
obeying their own direction, they had I'm
dertaken more than they could perform;
and those very banks who we're formerly
designated as alone able to furnish heal
thy circulation, are now endeavored to be
made subject to public indignation as
monopolists. The effective services that
these corporations have formerly rendered
and can again render, the stimulous and
increase that they have given to the ma
tonaI prosperity, and that render them so
essential to the industry of the country,
that their destruction is impossible without
general confusion and ruin;-all these con-
siderations are disregarded, and the abu-
SEES are alone considered, to which banks
are subject as all other human institutions.
Instead of seeking to regulate the circula-
ton Of the Union, the government, if | can
comprehend the views of the president,
believes itself dispensed from this oblga-
ton, leaves commerce 10 regulate its ex-
change as it can, "and desires 20 conine
itself to the mere collection and disburse-
ment of the revenues" unminGfnl that, bv
the arrangement Of the circulating me0i-
UNI, all classes Of productive industry are
injured that the mechanic and the farmer
suffer with the merchant; and thus the
strange anomaly is presented, ola popular
government dischargine itself from the duty
of attending to the interests and welfare Of
the people.
Gov. Morton concludes his discussion on this
head by expressing his belief that that exploded
humbug, the suppression of small bills, would prove
of infinite benefit to the commonwealth, and that the
other great humbug, the Sub treasury, would prove
Just the same to the whole country.
Next comes n crusade against internal improve
ments, which is succeeded by the customary cry
of ''retrenchment and reform To do the Gov.
Justice however, it is to be observed that he does
advise the abolition f one office, and that one is the
vacant seat the bench ofthe Supreme court.
This recommendation will doubtless dsappont
many good loco foco lawyer who looked to be re
warded for his services in "regeneratingh The State"
with a salary of $4,000 per annum. But now That
the governor has been translated from tia, office into
another with little larger compensation, he has
made the discovery that four judges will answer
well as five and since the saving Of the $4,000
it is certainly policy in him to recommend it. He
will need all the adventurous aid he can command
next year, to enable him to retain his seat.
The remainder of his message is principally oc-
cupied with remarks upon The Militia, the license
law, the basis of the senate, and education A new
organization of the militia, the repeal of the license
law and alteration in the basis of the Senate are
recommended hu. nothing is said of the pending
amendment to the constitution in reference TO tho
size of the legislature and the principle of represent
| tation
Such is the outline of governor Morton's message,
1t is Landed to the skies by most of the locofocos.
both in regard TO its style and its doctrines. From
their exuavagant euogies on the former, we are in
clined to think that they becoming sensible of
the fact that the productions of many of their Off
GERS throughout The country are lamenably deficient
in that particular, and to their praise of the latter,
! it is matter Of course. We have more space
at present to devote to this reduction, and close by
expressing our conviction. well as our hope, that
it will be the las, loco foco address shall see from
governor oc Massachusetts. Il.
| Who shall decide Two weeks since, we took
occasion 10 say few words in relation to the man.
per in which the office of Councillor for Lincoln was