Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-09-24

Leigh and all the great men there they nave com
pletely changed their views This has created a
revolution in Virginia, because they are so jealous
of liberty.
will not go into particulars about the subtrea
sury. 1t is founded on false princpie-in my juds
ment it is wrong altogether; and thei eiore less
anxious to go into details.
Ii is founded on law that government should take
care of itself and its dues, and leave the people tc
take care of themselves in every thing that relate,
10 the currency. No man wishes to deny that we
ought 10 have a sound currency. currency o
sound paper based on specie But the government
is bound to regulate the commerce between the state.
and within the states; and how are we to regulate
that, if we can't regulate the foundation of com
merce, which s-Moneyl
How is commerce and the exchanges now De-
void of all regulation II you are in New York and
happened to have some Philadelphia money with
you, you only get 95 cents the dollar for it
Why, it is thing before unheard Of that the rate OF
exchange should be per cent between two large
cities not 100 miles apart, and only hours travel
distant.
What should we think of il if we were TO hear the
rate of Exchange between Liverpool and Manches-
ter, or London was 5per cent? What would be
said if the Prime Minister of England thought pro.
Of money, and the large rents in the same, and pa
the sala les of government officers in the same way
and leave ali the OF the community TO take their
chance TO get hat they could and how they cseld
Why, not only would he not be able to keep his
place, but he might think himself uncommonly for
tunate if he enabled to keep his head And yet
our government acts in such way. 1t takes all
sorts Of OF ITSELF and leaves the people to do
that which it knows they can't do. For the people
can't make currency-it's the governments bust
to do that-and it won't do any thing of the kind
for the people. How very democratic that is !
Cheers
Mr. Van Bures says that the people have no more
right to call on the government to furnish uniform
and wholesome system of exchanges, than they have
to call on the government for horses and wagons TO
transport their merchandise to market.
Is that an analogy for statesman Is that an ar
gument for the head of Government Can the peo.
pie regulate the currency Can the States do it !
Certainly not
1t is a national government affair; and when the
general government, that do it, says that it won't
do it, where are the people to look for it to be
donel
A friend of mine, on my return from Europe, asked
me if | remembered telling him before went, that
suspend told him that | did not remember say
ing But also told him, that if they all to
resume tomorrow, in very short time, not per-
haps six months they would all suspend
again. And while we have so many banks without
control, it will continue to be long as the CO.
vernment refuses to regulate matters.
We may have good currency by accident, at
times a ship at without rudder compass,
A. l. - II.
her destined port by accident. But it will be next
TO miracle if she does and ii will be next TO
miracle if we get = good currency by accident. We
want certainly, good firm hand at the helm, and
good look ahead guard against all chances and
say, therefore, that a government that puts It's
own interests above the interests of the people, in
the great matter of a circulating medium is not
democratic government.
| don't mean to say much about the expenses of
the government. But there is one point that
quires a passing notice. The Florida war. Up TO
March, 1899, we had expended Sl1 100000 for that;
and suppose by this time that S20, 100000 have
been expended Well, what is the Florida war,
after all
Six years ago, General Jackson told me that there
were not over 700 fighting men among the semiBoles
which says there not then 900 fighting Indians.
And against this poor array of poor indians, we
have expended S2O,00OO00
Does not this require looking ntol | tell you that
the Floridawa is job. And until there is loud
expression of public opinion against it, the job will
20 on. This is my opinion.
Those who live on the frontier, who trade alter.
nat,ly with the Indians and contract for the army,
are making large fortunes by this war. Do they
want it TO cease, bloodhounds or no bloodhounds
No. no. II the to last till the ngathering Of
the Jews, they would.5e glad Of it, For it enrches
uem.
Why, among other items we find 40 steamboats,
chartered at S46j day; and Others at $1,000 a
month.
Then there are two or three prices paid for corn.
- day for horse and. cart, S2O a cord paid for
wood brought from New orlesn, to one Of the forts
and when it reached the landing in Florida, the oak
trees were thick, that they couldn't get il TO
the fort. (Roars Of lsug hter and cheering)
There is the matter Of defalcations-that deserves
a word. will bring no railing accus alton against
the administration, because Of ts subordinate
branches have defauted. I'll not say that the go
vernment appointed bad men TO Office, knowing them
70 be bad But remember that I asked General
Jackson once when the defaeations in the In.
dian Department became so enormous, how il
was that nearly all the Indian agents turned out
10 be such roguesl " The Lori knows," saii he
o. for don't - (Roors Of laughter) try 70
select homes, for the office, but a. soon a. thev
get cut Of my sight, they all tnrn rascals" laugh.
teri soitis with the present Administration: they
no dcub'. mean very well. but they arc uncommonly
unfortunate. tshoui' Of laughter and aPplause)
And, now. I'll tell you another question TO ask nv
brother Wright when he comes here to-morrow.-
Hes fair man, and he'll answer truly il he answers
at all Bat he won 4 like 20, though (Laushter)
Ask him Il there is any money IN the treasury
lCheers) AK him whether the $500 ODo which
the government were authorised 10 take up.-tee x.
change with the banks for specie-not 10 borrow.
remember. Oh no. laughter and cheering ~