Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1840-05-29

Correspondence ofMe ~ y. Express
wAsnIScroN May 2lsl--Thursday Eve.
THE sUB.TREAsURY BILL.
The scheme Of the Experimenters is al
| length before the House in Committee OF the
Whole, and under the full tide Of debate
Thus early in the discussion, can assure
YOU that the Bill will be resisted 10 the last.
| The Whig members are determined to OPP
pose the Bill in every form and feature. and
This they do under instructions from their
constituents. That the Administration men,
beers may have no excuse for opposing this
determination in reference TO the neglected
action on the Bills for the support Of the Ar.
my and Navy. they twice and thrice and
earnestly enlrealed the members TO take up
the appropriation Bills belorethe action up.
on the Sub Treasury Bill. This was deni-
ed them and denied the country too Should
immediate Legislation become or be consider
ed necessary upon either Of the two more
imporlan, Bills now in Committee Of the
Whole have deemed il expedieni 10 say
thus much TO prepare you for long, excl.
ting and able debate upon the Sub-Treasury
bill. Regarding the measure as obnoxious
upon every principle Of patriotism and jus.
lice. believing that il is designed TO build up
the Executive and to pull down the people,
convinced that the country cannot prosper
under the continued operation OF the law. un-
willing to give the President, the keys OF the
Treasury. and disbelieving the doctrine that
men are honest just in proportion as they
are led into temptation, for all these and
many reasons as important, the wing mem
bers will unite in an uncompromising opposi-
tion,oihe bill. The only power ofresistance to
the combination on the part OF the Executive
left 10 the opposition is 10 combat and expose
The favourile measure Of the party which is
forging chains for the people Ye. who are
for building up the power of the Executive,
who believe that the President should
hold the purse and WELD the sword,--vc.
who while Executive influence has increased
from the few and natural channels which
flow from the fountain head under the Con-
stilulion, 10 the torrents which are coming
| from every valley, under the mighty accu-
mutation OF Executive power-come We TO
that royal jubilee which in Republic makes
the Executive sing.-a ruler over both the
civil and the military forccs,-over the f.
nances where collected and the revenues
as received,-ye, loo, who have mourneJ as
ye have seen this little stream swell and
expand ill il has become like the ocean-be-
bold how weak We are when resisting the
mighty power of,he Executive 1t is de-
creed thai the Sub-Treasury Bill shall pass.
that The wages olthe poor man shall be kept
low. that Republican America shall be mod
elled after 'thc hard money governments Of
monarchical Europe" The rich here are to
be KEEP, rich. and 10 be made richer than they
are,by making the poor poorer than they are.
The cry is, that prices are too high" that
paper money must be a Dol $ d )"
that the "limiled amount OF gold and silver
in the country is sufficient 10 do the business
OF the country" that 1--WE must manufacture
piece OF goods here as cheap as piece OF
goods can be manufactured in Germany. or
France. OF any of,he hard money govern
men,s OF Europe" With su.h opinions and
Arguments the Sub Treasury Bill brought
forward. and for the same good that resist
ance 10 tyranny is an obcdiance TO God. the
Sob-Treasury Bill Will be resisted, until its
meriis&demeriisb become thoroughlyknownto
the people.-The whole structure will be dis
sected & exposed until The parts are seen and
known by the people,as they are by the Off
GERS oflhegeneralgovernment Theproyisions
which propose an Executive Bank. which
advocate the making Of two currencies.
which operate in the diminuiion of wages.
which multiply the number Of Executive
Agents and which increase the probability
ola misapplica,ion or loss Of The public mon
ey will all be canvassed and exposed. 1t lis
probable. that al least. four score speeches
will be made upon The bill, and thai the dis
cussion will moi terminate for three weeks
All this resistance. many will say is idle
since the bill must pass. No, 50. The oasI
ly power left 10 the minority IS resistance
and exposure. Take this from them and you
yield every thing. The first year OF the Sub
Treasury system, may be the last, The in.
fernal machine designed to destroy, others
may become The instrument Of death TO the
inventor.
This Sub-Treasury was before the House
until the adjournment tonight MIR. Gosh
ing. Of Mass. is in the midst of a very able
and practical speech. Nothing could be bet
ter The only fault is that il is too much oil
a good thing. Yours, L. b.
From the Madisoaian
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