Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1840-03-12
For the Herald OF the Times.
Facts for the LabOring Man:
BY LABoRIYG MAN.
[coNTINUED FROM OUR LAsT.l

DaM T1SS -o"o ATeoSu7y-SPfc'e
currency, &c. &c.
Extract from the speech Of Mr.. Buchanan,
of Penn. in the u s. Senate on the Treasury
independent OF the people, in reply to Mr..
Clay, Of Kentucky.
"Rcduce our nominal 10 the real standard
Of prices throughout the world, and you cover
our country with blessings and benefits. |
wish could speak 10 voice loud enough
to be heard throughout New England, be-
cause, if the ATTENTION OF THE MANUFAC-
TURERs could once be directed to the subject,
their own intelligence and native sagucily
would teach them how injuriously they are
affected by our bloatsd Banking and credit
system, and would enable them TO apply the
proper corrective"
\ In the preceding communications the wri-
ter has endeavored To show sOIne OF the Of
fects of the "Fase syslem," as Mr.. Van
Buren has been pleased TO style it, as con-
nected with internal improvements aud the
manufacturing OF cotton and Of WOOL, as far
as the later article is used for negro clothing,
which 10 Of but little importance, II Is true, IN
comparison with the whole business of the
woolen manufacture. But the writer has
confined his illustrations in figures 10 those
branches only with which he Is practically ac-
quainted, AS he is well convinced that the only
knowledge safely TO be relied on IS that derl-
we'd from actual experience alone. Had any
doubts remained IN his mind on this point,
they would have been effectually expelled
upon Witnessing the bighting effects produ-
ced on our national prosperity since the
mana cement of it's affairs have been entrust-
ed to the administration now in power
whose wickedness and folly since they have
assumed the reins of government, may be
lksnsd to crazy headed madcap, mounted
on a strong horse that he has succeeded IN
cajoling into an impsssable bog, which he IS
nevertheless resolved TO cross, IN spite OF the
oft repeated warnings Of the neshbcrs who
are better acquainted with its dangerous
sloughs. fle has succeeded by alternate
COMING and spurring, in exciting the noble
animal to make several desperate cforts,-
euch of which has only plunged him deeper
IN the mud.-The rider still persists in urging
him on, regardless of the sufierlngs OF his
exhausted steed, and the entreates Of those
who commlsserats his condition, and who he
1 lbespattsrs with filth. as often as they at
tempt 20 approach for the purpose OF ussist-
| ing IN a return to the shore. The horse, how
ever, at length Begins to manifest more
| reason than tie man. and has come to dead
stand still with his eye obiiqusly turned on
, his un!seling master, with the intention, as
II is shrewdly suspected by the bystanders,
of watching a favorable opportunity oi dls-
lodging him in the mire, and returning HIM
self to the snfe ground he left.
\ Mos, people are too apt to look ut the great
| questions OF finance connected with govern
ment as being disconnected with and ihde.
! pendent OF the same principles, OF cause and
| effect, that con,.ol the concerns OF indIvldu-
ais, when in fact the results are dependant
! on precisely the same causes. There are IN
stances Of an individual character IN most
nolghborhoods that 60 to Prove.that the same
| qualifications that ensure success IN small
business, will generally produce tho same
I results on "A larger scale. In TACT II Is wen
| known, that large proportion oil the wealth.
est men in the United States, begun the
world with nothing; commencing on an ex-
| ceedingly small scale, and gradually extending
! their business, as their experience aud means
! increased, while their minds were OF that
! cast, as to expand with the magnitude OF
| their operations, and thus enable them to COM
Iprehond and control large business, with
as much ease as they had formerly done the
one of tri1ng importance. And as general
rule it will be found true, that just IN the
same proportion as men have proved them
! selves qualified to manage to advantage small
affairs, ,hey will in the same degree succeed
when their field of action is enlarged provi-
ded tho steps that lead OIL are not too hastily
taken. Whereas the class Of men who pro-
we'd themselves incapable Of managing a
small business TO advantage, are almost sure
! TO fall when they attempt to act on moro
extensive scale, whether the principle be ap-
/ piled TO n retail store.keeper, wholesale
merchant, n private bankers Secretary OF
the Treasury, or o President OF the United
States: let their party politics be what they
lmay-and the same results VIII be produced
whether it be the assignment Of pedlar ior
the benefit OF his creditors, or the bankruptcy
liof n nation for the benefit of n usurper und
his hundred thousand executive officers and
slaves.
II The present administration is composed
;, mostly OF men whose individual histories dc
monstrate, that so far from possessing the
/ qualifications necessary to manage the affairs
Of a nation, they were not even capable %
prosecuting an ordinary business with sue
cess. In fact it is well known To all who
have taken the trouble to ascertain the truth
that many of the men who now exercise q
great influence over the dostinies Of this coun
lltTy, WCft u'tH w ""u
purse, before they were admitted into share
of the Government. And the spectacle Is
exhibited to an admIring world, Of tbs whols
wealth and prosperity Of great nation being
indirectly placed at the disposal OF men, who
would not have been thought trustworthy fo
the payment Of u pair Of boots where thoy
were best known.
II The cause Of 20 many corrupt characters
being now connected with government, u
very plain TO those who think and examine
\ for themselves. One Of tho first polnlca
4 principles established in the late reign OF An
drew Jackson was, that the President and hr
officers should all constitute what he wa
pleased to denomlnate "a unit" In othe
words, that from the highest Of the Secreta
I, ries in Washington, TO the lowest blood ho,un
whipper in Florida, they should ali be as th'
Y body Of one p,an-of which the execuliv,
D was 10 be the head and whose will was to HI
n supreme law TO the members OF The body
Mr.. Van Buren, was probably the originate
or this doctrne. he being Secretary of Stat
AT that time. The remaining members OF III
cabinet. however, refused to acknowledge
40 far nj least as II was carried by the Ptcsl
dent. who insisted not only upon his right I
y control their political creed, but also Insistc
: on being allowed 10 regulate the social inter
licourse of their families. The cabInat wCr
" ,k,,. al I,.,t In ia, "a Ia