Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1840-07-28
Correspondence Of the N. Y. Express.
REVIEW OF THE PROCEEDINGS IN
THE FIRST SESSION OF THE
TWENTY SIXTH CONGRESS-.
No. X.

have been silent for some time past, not
for the want of material to comment upon,
growing out of the action of the present Con-
gress but rather from the superabundance OF
that material, and the want OF time TO consid-
or properly the various subjects which have
been brought forward for consideration.
have glanced at many subjects In the nine
preceding numbers, without referring directly
10 the action of either of the two Houses up
on the subject az Banks and Paper Money.
First word of the practices Of the ultra Anti
Bank party, and a word of their opinions.
Foremost among the ultra men of our day,
and in public life, is Thomas III. Benton. lie
has not hcsitated to advise the States publicly
as Senator, to study the financial systems
of Holland, of France, and Of Cuba; and for
the reason as published oy himself, that the
States are "prievously afflicted with the curse
of the paper SYSTEM" and the hard money
system is to make the United States what
Cuba. France, and Holland are. Would you
believe that this same Thomas II. Benton,
whose morning and evening sacrifice Is no
more than continued anthema against the
Banks, was the last, the very las: man TO put
his theories in practice. Such IS the TACT;
and appeal to the Bankers and Brokers and
Business men of Washington TO bear me wit
ness, that the senator ftom Missouri does not,
his faith. His personal abuse Of the credit
system in Washington city in 1910 is as
notorious as his pccadillos were at Chapel
Hill. Instead of providing the kind OF cur.
rency in which he receives his mileage and
per diem TO meet his notes at the Banks, he
provides the worst Of bank paper-the rags
which are the least current, and on which the
greatest amount of premium can be received.
! Thus Virginia notes have been used instead
| of District notes, because the latter were hall
per cent better than the former ! give the
example of Mr.. Benton, because he Is a lead
era high Priest in the political synagogue.
His opinions, grant, are the ultra opinions
of his party; but he is not alone Far from II.
lie conducts the crusade, and in both Houses
of Congress finds followers, abettors, disci-
ples-men who even bow down TO him, as
he bowed down 10 General Jackson, after at
tempting to take his life in disgraceful recon
tire.
Since nv last number you have seen the
massage of the Sub-TreasuIy Bill, and the
sanction OF the corresponding act, IN the re-
fusal 10 re charter the Banks in the District o.
Columbia. You will hardly believe me
when assure you that these rery Banks. hare
1reserred The credit of the Government 10 IN
D,strlof Of Columbia. Had ] no, undoubied
evidence ofthe fact, ] should hardly ventura
10 make the assertion, but ] have proof a
strong as confirmation Of holy writ. lie
those who doubt refer 10 the very hrst &C
OF the presen, session Of Congress. In
they will find a provision making an appro
pria,ion Of more than fifty thousand dollar
Tor the unproyided for and unpaid coniingen
expenses Of the House OF Representatives do
ring The session OF previous Congress On
oftbe District Banks provided this money
trusting the Government and enabling u 4
paw the debts which had been contracted 10
} wiihou, an appropriation. The eoniinsen
] erpenees were provided for in the same va
! for several weeks during the p resent sessio
, of CONGREGATIONAL the whole Of the dis
! oussion upon the New Jersey case priot TO III
J organizaiicn ofthe House, and up 10 The tim
: Of the report and passage Of the first aPProPri
{ alton Bill by Congress. Senator'S receives
. their mileage and her diem only through N
! favor Of the Banks which are deprived OF ihei
charters. The sane Is true Of the Department
lOihcer. and clerks have received payment D