Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1840-09-29
PRESIDENTIAL ELECTION.

- "iotCl VI IlOTe tiidH oTufldTy interest |
to the people of the United States. Al |
though as Territory, we have no voice
In the decision of the contest, still we have
Interests in common with the states, which |
will be affected by the result. Since the /
organization Of the national government,
never have stronger efforts been made, on
the one hand to maintain the ascendency
Of the present administration, and on the
other hand, to displace the incumbents now
in power. During the last presidential
term of Gen. Jackson, and since the sue
cession of Martin Van Buren,, principles
have been sought to be established, which
hitherto may have existed in theory, but
which no preceding administrations, had
ever urged the consideration and adoption
by the government. The present admin
istratIon, has succeeded in carrying into
effect system Of financial policy, which
the leading friends of the President, have
laboured to accomplish during the last
years. The principal Of government po-
hey TO which we alude, is the establish
ment Of the sub-treasury. The passage
OF this law was finally secured, after
long political warfare, in which the best
talents Of the nation were enlisted. On
the one hand, the worst evils which can
possibly befal a nation, were continually
predicted as the sure result, Of committing
the financial operations of th1 government
to such system; on the contrary. its pas
sage was urged, as the sure means of Civ
ing permancnce to business, and relieving
the government from the dangerous inter-
terence OF banks with its revenues, and
as a. safeguard, against fluctuations and
embarrassments of the national treasury.
The Independent Treasury system, has
now been the law of the land about three
months-whether any Of the multitude of
evils, predicted as consequent to its ope-
ration, have come TO pass, or whether the
restoration of confidence to business has
been the result, the people must be the
judges. The leading consequences which
may be expected to grow out of reten-
ton oil power by the present administra-
ton, or by the ascendency Of the party
opposed must be apparent to all. If the
administration of Van Buren, is sustained
at the ensuing election, the Independent
treasury and total separation Of the gov
eminent from the banks, may be conside-
red as the established policy of the nation.
On the contrary, if Gen. Harrison sue
ceeds to the presidency, the sub-treasurv
system will in all probability be abandon
ed, and some other system established in
its place.
There are many other distinctive doc
trines. held by the two great opposing par
ties, which however, are connected with
those already named, and separately con-
sldered, are of less importance. The fiscal
arrangement in the transaction of the Pc
cuniary affairs Of the government, is init
mateIy connected with the safety and per-
petuity of the nation. The present ad-
ministration, nor that which preceded it,
does not pretend to have originated anv
new theory, for carrying forward the poll
cy of our Institutions: it is insisted that the
present mode, which has been adopted for
sa(e-keeping Of the revenues of the nation.
is the only one contemplated IN the consi-
tuition. The opposing party do not admit
this, but assert it to be dangerous inno-
walton of power, and an understandable
extension Of government patronage. The
party in power contend that a metallic cur
rency, is the only currency recognised by
the trainers of the government; therefore
it is only returning to first principles, to
regard it as the legitimate currency in the
payment Of government dues On the con-
trary 1t is urged, that general utility must
regulate the kind of currency required by |
the people.
MAINE ELECTIoN.-Some returns have reached us |
IRON Maine, not enough however, 10 determine the |
complexion OF the state The wing candidate for |
governor mas thus far, from the election in 1888,
gained 80 votes, but there is not much doubt that
the democratic candidate will be elected tborob bv
decreased majority from last election. which was
then upwards of30OO. Eight members ofConpress
have been elected; we have not yet learned how
they stand: it is thought there will be 5 democrats
to wings; perhaps and 4. The wings have gain
ed members of the senate which gives them the
majority in that body. We do not know what the
of the lower House is
We think, it will not be other than gratifying 70
the people of the territory generally that Judre DO.