The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-06-25

| We suDJofh dh hftlcie nom tne SYRACUSE
Western State Journal, which is one among the
numerous expressions of feeling on the Bank
rupt Bill, that pour in upon us from every quar-
ter and which evince establishment that the
Federal Administration should be so nveterate-
" hostile TO the poor and unfortunate man.
| The motives by which the Federal Loco-focos
are governed are very apparent. We have al
ready shown, that they wish TO PROSTATE integri-
~ and morality, and debase and degrade the
public mind and thus cause a large number 10
become dependent upon Office BY means of a
Sub-'reasury and Standing Army, they will be
enabled TO supply places Of profit for a large
and formidable number of these broken-down
dependents. With such weapons, welded BY
subservlent creatures, how long can this nation
ENJOY freedoms The Democratic Republicans
are warning against this attempt 10 debase and
degrade unfortunate men into mean retainers,
dependent upon Office and the Federal Admins
traton for living. They wish every citizen to
be free to use his talents, integrity, credit, bust
ness knowledge, and independence Of character
for the purpose of providing support for him
self and family. They are striving to defeat
the Presidents BANK or Issues, now called an
" Independent Treasury" and the STANDING
ARMY plan, called by the President, "Organz-
ing and Drilling the Militia AS the Demo
cratic Republican members Of Congress are
fearful they cannot defeat these two monarchi-
cal schemes, which are avowedly The plans Of
European monarchs, obtained from oppressed
and pnSlaVe1 hu ord cf
buren,, they are resolved to restore the honest
broken-down unfortunate men Of the country TO
their families and homes--to their character and
business, and thus, 10 some extent, prevent the
Federal usurpers OF power from using these
men for their vile and unholy purposes.
The Federal Loco focos are not only opposed
to protecting and encouraging honest industry,
and restoring the unfortunate man to his rights,
but they seek TO overthrow all credit, by selling
upon and winding up the banks, and thus max
ing bankrnpts Of aHthose uho are indebted 10
bdnEs, as ,reH as all ,oho one money 10 Others.
And we cannot exhibit this fend-ke spirit in
more clear and forcibe language than one Of
their own partizans portrayed it. Mr.. Calhoun
said he was compelled 10 oppose this measure
as one OF the most gross usurpaiions of power
that was ever attempted
He continued 10 say
Were il possible TO carry through the measure i,
would spread unheard of destruction and desostion
through the vast portion Of the Union which the
blow would fall such the marching of hostile ar
mics from one extremity to the other; the sweep o.
tornadoes; the outpouring of floods or the withhold
ing from the parched and thirsty earth the fertzine
droppings Of the clouds, would give but faint con
ception But il would be impossible. Ii you were t.
adopt the measure, you would ordan what would not
could not, be executed, Public indignation wout
parayze the hand the graspng creditor stretched
execute IT, and sweep your act from the statute bool
ere It could be enforced.
What sacrifices what insolvencies what beggary
what frauds, what desolaton and ruin would follow =
Notwithstanding the horror and alarm which
one of the party felt and expressed upon this
subject, it had an effect upon a portion Of hi:
friends precisely opposite to what he intended
The immense power it would confer and the
consequences it would produce. as shown by
ious to retain and secure it.
| From the Western State Journal
We regret to find all our apprchcnsons in relation
to the failure of the Bankrupt law before the Sc
nate of the u s in the way of being fully realized -
| Advices from Washington, for week past, leave
scarce hope, that any bill pass under the pre-
sent Administration. II is stated apparently good
authority that of the SO members of the Senate
tyfve are rreconcieaby opposed TO the measure,
venteen in its favor, and eight non-commi;tal
Some Of the latter will undoubtedly vote against the
bill. The Administration members 60 against it, al
mos, masse, The old federal leaven in that body
seems to have lcavened the whole lump The Hub
| bards, Walls, Williams Buchanans &c, have been
joined by Wright, Benton and Calhoun, and the re-
solution Of this unhoy league has been taken to bind
the five hundred thousand nsolven debtors in the land
to hopeless degradation and bondage For ourselves,
unable TO penetrate the motive to this course.
The Administration appear to have been pre-deter-
mined to defeat the BILL and the circumstances from
the rcn creditors and capitalists of the city of New
York against the scheme have OPPORTUNITY furnished
the pretexts for the denial Of this great act of justice
and mercy.
Still the vast body Of nsolvcnt debtors in the coun-
try are not as those who sigh without hope, The
means of deliycrance are within the reach of their
hands II they would strike the shacklcs from their
feet and redeem themselves and families from the
most remorsecss oppression that was permitted TO
scourgc mankind, that of the Unsuitable creditor
snatchng at the shreds and crumbs which misfortune
leaves to the victims of penury,-hey will unite their
efforts with all that is wise and ylrtuous and patriotic
in the land and contribute their votes TO the
throw of this administration and the establishment of
another upon its ruins whose first act will be to disa
vow the infamous sentiment that the people ask too
much of the government and to grant this indispcn
sable of relief to the thousands whose prayers
and petitions to subservient Congress answered
with the cruel mockery, $50 home, and go to work
there is no distress in the country which the Admins
tration can alleviate"
THE SUB-TREASURY BILL.
The speech of Mr. SERGEANT, yesterday
against the Sub-treasury bill was distinguished
for the accurate and extensive information, the
close and cogent reasoning and the chastened
and vigorous language which characterize all the
,xoJ,,,,;ons or HE sfrong and hiphly cultivated