Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-10-13


must bring ruin on every merchant, stoeKnoioer
aud trad sman. What is called mixed currency,
il 10 admitted demands the supervision Of Regn'a
tor. and the Regulator requires also supervision.
aaa so on 10 the end al the chapters and the last
peryisor is absolute monarch OF me currency MI
Webs,er's bank theory, then, ends in despo,ism-
money despotism; and the despot has his throne in
Thread Needle street. When the necessities OF a
bank press making more raper gives such instant
relsef that human inirnaity cannot resist il, il is
like the thirst OF dropscal patienthe drinks till
he dies The withdraw al of gov eminent from bank
ing leaving il 10 the states and the people and keep
ing the nature of currency before the people, by
collecting the revenue in money is in perfect keep
ing with democratic institute ions.
The absurdity Of Mr.. Webster's doctrine. that the
bills of a specie paying bank can actually increase
the currency, may be illustrated by applying the
reasoning any ether article Of merchandise.
Take eott"n, for instance. Suppose a cotton bank
sh7eid subscribe AID get large quantity in propor-
ton TO the whoe-say third. or 5000 bales-and
isaac cotton certificates Of ten bales each To 500 000
wond the stock of cotton be thereby inc creased
And yet bank bill. are but gold and silver cer,i
Gates. MIR. Webster's United States Bank currency,
based upon specie, would be like building the New
York Exchange on single pillar, liable to totter
ANA all at the first gale Bills of exchange and pro-
miesory notes used in place of currency bur no
merchant or sound financier ever mistook them far
currency itself mixed currency is an absurdity
IN terms. Gold and silver cannot mix with paper.
Oar cotton bank too, would be liable sion.
Suppose run. The first certificates being redeem
ed. the holders of the others would be told, 'We
have suspended cotton payments, owing to the pres
resome y Englind is the only example Of a nation
not IN state Of revolution, legalizing suspension
OF bank, and she then made Bank Of England paper
q tender ia payment of debts No human laws
restrain bank rectors from abusing the confidence
oi the community.
We will next proceed to the question of the Mi
iltia Bill
Mr. Van Buren, has been chsrs ed with ambition
desire unite the purse and the sword in the
cntvc This is the most idle of all charges; those
H.. NJ IN N md rst md he
uason Of the parse and swerd means. ! will tell
Won. The power OF the purse means the power To
impose taxes without the consentoi The people; and
the power of the sword rs the employin the money
raised TO keep up standing army OF hirelings to
protect the tyraBt in his exactions. But the mere
rsing of taxes voluntarily imposed by the peo
PIE On themselves, under appropriations made by
ls~, dreamed Of as dangerous, until whig-
geey suggested it, The Emperor Nicholas may di-
Tecs dis officers to collect contribution from his
people without their consent,-that IS the rover III
the sword; ard he dctach men froIn all the ,ies
of domestic life, nure tn TO martial lie, and then
nlsise them the means OF perpetpating his power.
But that q number Of young men, drilled ten days I'm
tue gear, and then returning 10 their families, cnuld
be dangerous, under their officers, too why II is
Of those insults the integrity Of freemen de-
serving rebuke.* The bill is eminenly democratic
sad inst The militia consists OF ,JN,tOo men now
Liable IN do duty twelve DAYS in the wear. Their
DAYS work is worth dollar each this is, in the
year. SslS 600 900, drawn from the pockets OF the
pesose for a useless pageant Mr. Poinsett proposes
all bat 200 0OO aud to drill them ten days,
clear saving Of Sl6 $40 coo TO the people This had
tine sanction OF Washin gton, Jefferson, and, what
mast be conclusive with the wings, General Harri-
sor himself recommended it; and more, too, he re
commended that the young men so called out should
be subjected to the articles of and if they did
MT their companies should be treated as desert
ers liable to be shot dead by sentence Of court mar
tisl speak from the book. Here Is the PROJECT OF
Ceaeral Harrison, 8, bill presented TO Congress
IN 1915" After this ! hope the good people of
Pat.hogue viii get over their 50 shudderng and
Mr. pntnaa anAft p tHQn haV haHn
mHst oHtrs seousy slaBdered, aud that, too by the
advocates ef General Harrison, who went great
deal further than the present proposal! Ten days
militia men' spread from Maine to Missouri, dan
geEous to public liberty militia cf ten days,
stsndisg army militia officers and all Why, they
are to prevent a standin' army. But the spirit in
which this 10 urged is reprehrusble. We are asked.
WAY this proposition in peace? Washington told
peace TO prepare for The SPartans taught
theIc youth martial exercises and kept them msder
martial law. 100, TO protect their liberties. Num-
beers. without discipline, liable to be cut down
aad destroyed We told, 'there is danger"
wish my voice could reach every cabin in Maine
which will Join the great rally OF democracy at
the coming election, and would point ont 20 them
az Canada hrstling with arms; Coldstream guards
and regiments, ready TO burn their habtaons,
ravage their farms. and peradventure re enact the
scenes of Havre de-Gracs and Hampton; and yet
the wings say, why discipline your young iaen,
aad learn them 10 unite skill with courage = IL re-
minds 81 the fable Of the wolves and the sheep,
VINO begged them to send away those ugly dogs
which DESTROYED all sociability. They did so; and
tae wolves devOured their prey. Never let II be
said that TIE youth of America cannet afford time 10
learn 10 use arms in defence Of their homes sub
mir 20 discipline. Every father when he sends his
soa out into the world. should present him with
musket and a bible.-the one 10 teach hin HE duty
10 has country. the other his dsty 10 his Gad
The only part Of the bill Objectionable is the call
by the president for drills the president thinks
ths not provided for under the constitution. IL Is
nct material. and is not urged. The general spirit
and tendency Of the bill 10 patriotic aud well worthy
Of democratic ADMINISTRATION BY relieving thu peo-
PIE IRON a useless burd n OF millions; and at least
Geseral Hsrrisoa's friends have nothing to say
szliast has own lHvori'e scheme.
FLORIDA WAR.
will detain YOU few moments on this topic. IL
ia well said :. lie tests at scars who never felt
wouad. !" MIR. Webster. at has ewn chimney corner,
may well censure a gallant army, which has wasted
s strength in vain In their efforts 20 accomplish one
OF the most difficult tasks-that of hunting savascs
from their lurking places, among swamps and fast
nssses. inaccessible 10 regular trnops. The coun.
try frontier and must be cleared Of Indians and
xarrIsoned by white men, or II may prove shelter
for the pcaroons Of the West ladies, or IN var The
troops OF that nsticn which hss. before ts poured
spon our settlement. 4" the mercicss Indian savage
Eut what have the wings TO say Of imbeeiihsf
man who, although whig. 10 indeed soldier. and
good one; man who. at Chippewa, laced the best
troops OF Britain and mingled the roaf oi his battle
with the thusder. sf Niagara. at Lundy's Lane; he
the "a, ant Scott. with hs laurels green aud fresh.
undertook the FLORIDA war. He had men. MONEY,
and trials OF his choosing lie dit his best;
aas me from the hsmmoeks Of Florida. his laurels
dragwlrd his spirits broken. and hrs hopes disap-
pointed. And n Scott who II wing, aud candid
ate OF the wings, coull not succeed who viii they
fad among the wings Co work reform an Florida
ave now done. l wage war sgainsi indivi-
deals TRe conflicting claims OF the candid1'cs
have not touched The office is too lofty to DC re-
ward for mere personal merit IL is sscred trust.
only TO be committed 10 those whose political prn
ciples accord with those a the majority of the peo
pie Besides, General Harrison has worn the sword
Of the republic, sst IN her highest councils and j.
the candidate % party which number. among is
psembers many whom respect and esteem, and that
si0se would enle ban from NE 10 che most respect.
fsi confederation of gsnteu,n. Y, too, have been
taught to the hoary head, sni the gray Ia
og General Harrison shall never be treated with