The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1840-08-11
MiscelAa m G OU $.
mn re RALLY FOR IT'S REPEAL!

r,o forowing article from the Woodstock
,,or.urv IL right to the point. Let us go for the
n,ns,J fhe Infamous Sub Treasury La,O. The
..,oois section o this law has been in operation
oder the present administration one year. So
soid Van Buren, in his last Message. Has bust
Moss or the country improved under it? No.
Drec,v the reverse has been the case. Then
10, rs vote for no man, no man for Congress, no
,,ou for Governor, no man Jor the assembly, ,cho
is NOT a kno1Un and incorporating enemy Of his
Jo,D-of this machine to crush northern indus.
,rv and 10 build up the slave interest of the
South. Let our ralying cry be REPEAL the
Sub Treasury.
lie, every friend of American liberty proclaim
md reiterate tn cry while this law remains up
nm orr Statute hook, that the "SUB TREASU'
RY. must be repealed" Let the first article of
noliica orthodoxy be, that the power of the
President must he reduced, and the people again
reinstated in their orig ina constitutional rights
Tho money power must he separated from the
executive control or the balances and checks OF
the constitution are destroyed and liberty gone
forever. Tie temple of liberty is assailed i'll lis
very foundation; every stone removed from the
summit of lis baltlements, tnurs It's symmetry and
PROPORTIONS; but the revolution occasioned hy
the passage of this bill is like removing its cor.
ner stone The bill was pprty measure, pass
ed hy party vote, by violent party management
and against the wish and contrary TO the inter-
est of majority of the freemen of the several
states rs expressed by their legislatures. This
will be seen by glance at The vote of the sem
n,e. If all the senators had been IN their seats
when this bill was passed aud had voted in con-
lormity 10 the known sentiments of the people,
whom they represent, it is believed there would
have been majority of eleven votes against the
bill; at any rate the hin could not have passed.
In the House the bill was carried by virtue of II
COALITION between MIR. Van Buren, and J. g. Cal
houn; a coalition as remarkable MS the ancient
aIiance between Herotl and Pilot. This law is
revolutionary in its tendency both as it regards
,he business of The country and the power of
the President In 1894 President Jackson urg.
ell upon the senate his claim 10 control the rev.
enues Of The government in The following words.
"Congress cannot, therefore take ont OF the
hands Of the Executive department the custody
ofthe public properly or money, without an as
sumption of Executive power, and n suhversion
ofthe free PRINCIPLES of the Constitution" This
cIajm was effGcuntly resisted 10y the senate; il
was reserved for congress Of lS4O TO concede
ard raify il 10y the law etab fishing the sub. ,rea-
snry. The revenues OF the government in 1888
were over 80 millions. 1t is enacted by the sub
treasury bill, that one fourth fine revenue shall
he paid in gold silver after the Both day OF
June 1910, one half IN al, three fo,trths ia 42
and the aChoie amount in 1S43. During the com.
jng year, therefore, the President will contro
one tourih Of the entire revenue in gold and sill
yer or TO the amount of from S to 8 millions.
This money must be locked up in the safes and
vaults of the sub-treasury, and Withdrawn from
circulation; and with the prejudices and exas.
perated feelings of the President against mer.
chants and the banks, this money will be kept
out of their reach. THIS will produce pressure
on all The business and manufactures of the coun
try; while ar,Zans aborers and agricultu
will be ground 10 the dust between the upper
and neither millstones. Five millions, put into
circulation in this vast community, and passed
once each week. will pay, during one year, $50
millions in debts, and retain the seine value still.
""a' 'o'lY thenn to lock up Il treasure which
.'.sn' produce such vast amount Of good! But
ms is the lowest estimate of the power of doing
eVl, which this bill cOnfers the President.
An 1912 his power will he doubled, and so on in
that ralio, till the President will have the control
OF the entire revenue in gold and silver; long be
tore which time he will have brought all the bu
sneSs of the country to depend on his sovereign
pleasure. For ii years, quacks have been ex'
penmentlng upon the currency. They began
WIN currency, the best the world ever saw,
ahu they have reduced it to slate of disorder
ana disease. And what have the people gained
oyaii these experiments? Why the sad pros.
pect OF as many coming years of experiment Of
WI mugs Oh lne SuO'TeaStlry OH. lneSe re
su suit nave been acquired at the expense OF the
,suucton of property to the amount OF 100 per
iienl OF the stagnation and stoppnge OF manu-.
IIC.ufers and other kinds ofbusiness; of mutual
. umtust among the business classes, and of bank
fopH.ces, failures and general distress. The Of
,hsenouers, the experimentefs, and trafiicers in
,h o precious metals are not only exempted from
AM eVi.s, but have added to their salaries fees
nms. ePe H ioo per cent. The man owing 800
sooo sen what, but for this bill would command
70 pay $l0O, while the holder of the note
ona"a obtains the value of two notes, by the
Tb,a it OF this system of national Legislation.
noo NOUS 'he rich are made richer, and the poor
bO Ool The poor man is robbed of half his
WIKI earnings to swell the lordly estate of men,
m mno roe in their state coaches drawn with
"lood horses, attended with servants in livery,
T 1%u who dine from plate costing thousands.
n a"ls is the equality, the republican simplicity of
touern democrats! Who al the men in favcr
T ,h state of thingss The office holders
"'s uusurers, the mimic lords of our pseudo re.
pun''e They denominate all those opposed TIC
concentrating power in the President, all oppos