Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1840-03-31
From The .lmii.oHiua.
WHAT DOES TIE ADMINISTRATION PROPOSE
FOR THE RELIEF OF TIE COUNTRY.


This is n natural and general inquiry. II is natu
raj because the government instituted for the ben
eft of the people, and general because embarrassment
low prices, and distress universal.
The administration proposes no measures Of relief
whatever. enfhe contrary Il tells that. "ihe pco
pie look to the government for too much" and thai,
relief is not 10 be found an erpcdierts"
The people OF the United States ordained the Con.
suton ia order'ie establish Justice" promote the
general welfare and secure The blessings of liberty
and especially enoined upon the President the dufv
oil recommending measures Of cxpcdicncy. And why
mott The principles OF our government, are fixed -
There Is TO longer any controversy about the FORM
The people therefore. justly look administration
Tor erPodenis adopted 10 their wants and To the gen.
eral good And what ia this extraordinary crisis does
The administration propose \ SubTfeasury, with n
specie clause, and fye mi lions of Treasury notes
by what arguments they urged The Treasury
notes are wnnted To the liabilities OF The Treasury
only Instead OF being Of relief they will
operate TO Increase the public embarrassment rist in
proportion the amount of the peoples currency rbrh
they absorb without equivalent The Su. Treasury
Is urged upon the ground. among Others that il will
redGee The currency and bring down prices TO the
standard oi hnrd money prices throughout the world
What would be the consequence We will Lei
William IL Crawford answsF and he gives an answer
which although written while he Secretary Of the
treasury IN lS2O, m ms report TO Congress most aay
meets the propositions urged by the leaders Of the
present administration IN the Senate.
"A sudden reduction If de currency by the reiec.
llol Of the paper which has been employed; could moi
fail 10 derunge all Ge relations Of society Jy diminish
ing he quanthy Of currency, uiiS he articles 10 BE- cr-
changed through its agency would suffer no such di,.
1fion An immediate depression ia the price If aH
commodities Mould Be The ineUi:1Jc consequence Of an
unqualified return 10 metallic currency
"Ail the great interests Of society would be most Sc
riously dsordered property Of eUery description ,pod
Inc. he h.,
and creditor would be violently and suddenly changed
This change would be greatly 10 the inury of The
debtor the property which would be necessary 20
discharge has debts would exceed that which he had
rcce'Ved rom ms creditor; the would be ruined
without, the imputolion Of crime whilst the ollie,
would he enriched without The semblance Of merit =
Oniil the engagements existing Mt the moment ofsneb
change Is discharged, and the price Of ABoR and of
commodities as reduced TO the proportion which, il must
bear TO the currency employed the medium Of their
exchange enterprise Of eUery Kind utH be yepressed
and misery and distross usucyszLy preraa"
at will be ioreseen that the currency must appre
Value" ~
"Tle price Of the eIporiable articles will also he
Affected by the reduction i'm the currcu-v euployed
W ehectIng their exchange. II is oven probable that
ne quantity interchangeable articles will be diminished
whist the appreciation Of the cunency rs percet tbly
advancing, the manufacturer will not hazard his capita
IN producing articles the price " which s rapidly
dechning The merchant will abstain from purchasing
under the apprehension Of further reduction Of price
ahd OF inc difficulty ofrevebding profit II is even
probable that the interest Of money will fall whilst
me cry ola scarcity Of money will be ncessan Under
such circumstances loans will not be required EXCEPT
20 meet debts Of immediate urgency None will be
demanded for the prosecution Of enterprises by which
me productive energies Of the community will be IN
creased"
a 10 Tins argument against the proposed measures Of
tho existing administration which has revived poIicv
nus sSToded and rejected by the Republican parry
o. ic2O' We need not add one word II the Amercsn
people aIo willing TO give their support 10 schemes
seuaied to produce the consequences depicted bv
crawford We can only say. they must be singuIsry
private inicrests V"''