Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1840-01-27

TO give certain quantity Oi land to every man
who will settle there, and TO furnish him raions
and military protection into the bargain the
tering wedge land leg that the prediction nay
I've remealhered) 10 system of grants Tor settle
nieh by which the whole OF the Western lands |
are 10 he GIT from us. The third suggestion OF |
the honorable Secretary is to raise regiment, |
aud, ct course, Ia let him appoint the officers
What has yet been accomplished hy the 81 Drag
nous, regiment ased specially Tor this service ?
NnIhlng that have ever heard of. | would not
phlect To rn!Sing one or more regiments IL Knew
who were to command them; i'll could have any
assurance that the command would he given to
Cen Floyd, of Georgia, or some other such nan.
/ |, however, know hone such. But it will I've Civ
Ell TO no such man, but to snme pauce pet moi
I sy politician. These appointments have been. aud
VIII he made not wiih view to military, but pc
iilical battles NOT with view to obtaining Veto
ries over the Indians, but votes at elections. When
that regiment OF drag1ons was raised, many gen.
tleWen IN Congress interested themselves t. pro-
cure nn appointment for "a gnani officer in
The Army, win had been more or less engaged ia
Indian wars for The last twenty yours and who
was then bleeding from more than one wound
from lndinn riiirs. lie had 10 chance Whatever.
The appointment wns given 10 ono who, then or
since, has hever set squadron in the field, aud
whose ella ms were not those OF military nl
enlS, Int political party services No Increase
ni your standing army is necessary; you canuot
increase your army 10 force adequate To this
service. and, besdes regular troops are not tie
troops 10 fight Indians, aud such has been our uni
form experience The only wnv To end tiint war
is TO establish Abundant depmS ct supplies. and to
throw into Florida fifteen twenty ihuusand men.
Lei them act simultaneously and in concert aud
the war will be ended IN six weeks. can tell the
President that tie present plan. any other that
ever vii he suggested by his Secretary Of War,
never will bring dat war To n scc,ssn issue and
that to rely on any such will be a criminal puer
ing with the lives OF our people, ind The charac-
ter of our country.
! The first passage Of the message on the curren.
cy subject, which strikes me, is the following:
. The nineteen millions of Treasury notes au.
thorizcd by the act ot Congress of 1897 and the
notifications thereof, with view to the inilul
gence of merchants on their duty bonds, end OF
the dcposte banks in the payment of public mo.
iieys held 10y them, have been so punctualy re.
Deemed Ia leave less than the original ten mil
lions outstanding M any o"e time, and the whole
amount unredcened now falls short OF three mil
liOus. OF these, the Chief portion is due ill
nex year; and the whole won have been nj.
ready exlinguishe could the Treasury have real
izcd the payments due 10 II from the banks. II
those due from them during the next wear shall
be puncl,ially made, aud if Congress rhail keep
the appropriations within the estimates, there is
every renson to believe that all the outstanding
TrcaBur. notes can he redeemed, aud The orllna-
~ EXPENSES betrayed, without imposing on the
People any additional burdens, either ot ioaus or
increased taxes
Now, sir, must he allowed, without the sligl,-
test intentional personal dsrespect tn the Prcsi-
dent to say, that moi a single statement contained
in the above extract is true. | dn not insinuaie,
+ BECAUSE do not believe the President capable of
an inIeu,ional misatemcnt, hut do say that these
stnlelneDts are incorrect, and that he might have
aud ought to have known better. First wer.
these Treasury notes issued with view to enable
the Governnt.'t &" indulge the banks mud
chants? The debt from both these sources was
less than sir mill ms al the period of the last issue
of ten millions of these Treasury notes. How.
then, can debt OF six millions he the reason and
the excuse fer issuing ten millions of note Al.
though not so expressly slated, there ar; other
passages of the m;ssage well as OF ihe ireasu-
ry report, which imply, aud ARE no doubt intend
= I'd 10 imply, that indulgence Ia tho hunks WINS The
sole for this issue of uncous, tiitinnal
currency. How gross misrepresentation this ~
will he seen from the Tact that, AT the period Of
= the last issue OF ten millions the banks owed less
ihnn Two iniIIioIis. | would here ,akc occasion
10 say IN passing that these deposit banks, which
have been labitnllt denounced for their failures
. and frauds, have given evidence ola power Ia h'
a Ill their engagements and noble fidelity III dong
: 50 absolutely Unprecedented, aud beyond The hopes
nf the most sanguinr, aud which throughout ih-
rope is regarded with wonder mud admiration. --
. They nave fulfilled, 10 Il miracle, all their engage"
nentS, and, besides that, have sustained The coun-
try under circumstances OF difficulty and distress
u where HE boliIest might hive despairrd | know,
IA sir, that these are questionable opinions aud
u truths, unwhnrSome 10 hrawing politicians - IIial
drspicable and pcrnicon- class, whose only anbi-
II ton is o rise frOn that obscury TO which want
# % talent aud all virtue has destined them, by
= joining every popular cam"r even against the best
aud most sacred institutions of society. am not
n one at those "whose thoughts ever keep the road
Il way ! cannot lend myself to injustice of any
SGrt. What, sir, nre the facts in relation TO on
a. "onnexion with the depose banks The year
II before lie suspension they he of the
le Government more 'han sixty millions of MONEY
\. 1t was 'uteuplnted by the distribution bill to
y Withdraw this sum in eighteen months. That il
II self WAS regarded by most men who were hrst IN.
~ FORMED, trial which the banks could not stand
is but they did. Yes, sir, aud more The Srcretn
h ~ OF The Treasury, instead of allowing eighteen
10 months u { lis tremendous opera,ton actually cx
N eculcd il in six months. will not say, as som,
he OF his present friends have said, that il done
ii 10 de eat the salnlary effects OF the measure. Bn
I lie did il, and, to the establishment of every one
We the banks sustained themselves under Ibis terr,
al trial, and paid over ut about forty millions
iy No man would, priori, have said that it WIS pos
lis sihe. This is not ull At the period of the slIs
h pension, in 1887, the hanks held on of III,
h Government tweniy-rhrce millions. Congress
IL granted them Indulgence for eighteen months
ny They Imid all but about two millions in less thai
r six months refusing 10 vail themselves of you
cy n'nlgenre--nnd have secured, M the Secretar
IA ells us all ih, balance II this he 'sheSsIrs
i'll and irund, commend me 10 iaesEncss and tfaut
he for the hnance Of my lie lave shown Tint in
liz dngcnce 10 the hanks and the merchants was no
the cause Of the issue Of these Treasury notes.
les nm issue OF Government currency which, hav
ri, heretofore shown IN mn argument which no on
OF lins attempted to answer, WAS gross and danger
he ous violation Of the Constitution. The s'con
r. statement is equally untrue that the whoie of III
he Treasury notes would have been extinguIshed
ed the Treasury tould have realized The runs ,I,,
ey. from hanks. The amount due from banks is les
ere han Nv millions; the auo,,n, of Treasury moi,
we outstanding is two millions aud ihreC-fours, he
Ol Slnts lnlerrsi Ile lasl usInInenI Grnm the I'm