Lincoln telegraph. [volume] (Bath, Me.) 1836-1846, 1840-02-20
: the present oilee.ho!ders, in securing his de.

the reader 10 lay aside all prejudice; and we
should be content if he would make his own ex-
animation, without our aid. We feel assured,
that the unprecedented will readily perceive |
whence have arisen the long and fearful cata-
logue of evils now threatening the liberties of
this country, when party and seJ-interest are
kept out of sigh.
The first important movement of the sold hero"
was to possess himself of the confidence of the
people. 1t might have been for good purposes
it might not-we cinnot say. One thing,
however, is certain 1.-The worst of results
have followed. In his first message to Congress
he gives us long sermon on The necessity of
Mt and r EFOR.N." This
had magical influence. "Retrenchmant and
reform shouts the Globe; "Retrenchment and
reform" shouts the lesser prints throughout the
country. This BOUNDED very fine in the ears of
the ''dear people the Office holders say, and all
eyes were turned with much solicitude, to the
"Retrenchment and reform administration. Well,
how did that turn out /? Why, the expenses of
Government were 1etreactea from THIRTEEN to
something like an avarage Of THIRTY MIL
LIONS of dollars annually, and on the score
of REFORM, after looking over the whole coun-
try there was found one Tobias Watkins, WHO
was in arrears about three thousand dollars, and
forthwith, he was imprisoned and kept confn-
ed for three years, has since been learned
pretty satisfactorily, because he was not rascal
enough to abscond to Texas or Europe with a
larger sum, after the manner of Swartwout,
Price, g. Co.
But to do justice to Gen. Jackson, it must
not be supposed that he meant that particular
kind of reform, which would apply to all such
cases of the kind referred to in the case of Wat
kins, or at least such as might occur under has
administration. No lit was another kind of
reform, signifying the same thing, which the
loco foco party now understand by "Rotattor"
that is, "rewara his friends, and punish his
enemes''--or in other words, reform all the
supporters Of Mr.. Adams out Of Office, and reform
his partiZans into their pieces. The reader viii
perhaps say, that this was curious kind Of
reform; and SO it was; but the practice of
President jackson during his eight years fully
proves that no other kind of reform could have
been intended, if we give him credit for the
least particle of honesty, in his declarations
W hut HSAI' " NJ, INC Olu u Ddi!h WOulu
not consent to enter the political arena, and
help secure his reelection and so all of sud-
den Gen. Jackson discovered that it was dan
gerous institution, and must be demolished To
accomplish this object, we all know the resorts
and alarming assumptions of power, to which
he had recourse. This was the commence
ment of his "experlments" at tinkering the
currency, which has resulted in the complete
arrangement of financial concerns, and
spread destruction and poverty in every part of
the land
And why Because, an institution, that for
forty years, under different administrations, had
faithfully regulated the currency Of the country,
and by which, neither the country, the peo-
pie had ever lost cert; was suddenly and un-
constitutionally destroyed, and no adequate sub
stitute provided Subsequently the State Bank, I
or deposit system was adopted, which Gen.
Jackson took occasion to say, was working to a
perfectly safe, and erpeditious, but which
Mr.. Van Buren,, since the corruption of the |
plot has been discovered by the people, tells us
has been more fruitful, source of loss to the |
Government, than oil other sources put together
Van Buren's administration, is but the second
part of this grand DRAMA for he it is, who 'glored
to have served under such chief" and should
follow in his footsteps The original plan,
under his fostering care, has been brought to
perfection, and now we have in plain and
tangible form, what before was only aimed at
by chcanery and hypocrisy. The mountain
has labored and now we have the result in the
shape of Sub-treasury plan, which in its opera
lion, is SO framed to destroy all credit 1t is
in reality uniting in the hands of the President,
the PURSE and the SWORD, the latter of
which is always to be gained by the liberal use
Of the former. And this too, we fear will be
contaminated, when decided and unequvo-
cal majority Of the people, have expressed their
Incorporating enmty to the project. Accord
ing to The provisions OF this measure as read
ers probably very we'll know, we shall in fact have
two currencies one for the Office holders, con.
sisting of GOLD and SILVER, and another for
the people, consisting of SHlN-PLASTERS.-I
or this we shall satisfy our readers more fully,
hereafter, should the Bill finally pass both houses
Of Congress
In concluding these remarks, we will just sum
Up, briefly, a few of the Legitimate fruits of the
new policy of the Government as administered
ty Gen jackson and Mr.. Van Buren,, and by
proper knowledge of which every individual may
readily understand the true cause OF the present
d:gtresses, and paral!yzed state Of the currency