Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1840-08-28

He"OuhCcu tHem Ihe EXpcu-
i've ana The country were warned again
and again OF the fatal course tha, has been
pursued; but the Executive nevertheless
perseV"red,. commencing by praisina and
ending by detrying the State banks. Under
cover Of the smoke which has been raised.
the real object all along has bee:, and vet is.
10 obtain the possession of the money power
lot the Union. That Accomplished and
sanctioned by the peopIe-lhc union of the
sword and The purse in the hands of the
President effectually secured-and farewell
10 American liberty. The Sub-Treasurv
Is The scheme for efiecting that Union; and
! am Told that Of all the days in the year
mat which gave birth TO our national esis
tence and freedom is the selected day 10 Le
disgraced by ushering into existence meas.
ure, immnenlly perilous 10 the liberty
which, on that anniversary, we commemo-
rate IN Joyous festivals. Thus, in the spirit
oil destruction which animates our rulers.
would they CONVEX, day OF sladness and OF
glory into sadness and mourning. Fellow
| citizens, there is ono divorce urgently
demanded by the safety and the highest in.
ierests OF the country--a divorce ofthe Pres.
ldent from the Treasury of the United
States
And 9Th. That the appointment of mem.
beTs OF Congress 10 any Office. or any but
IN few specified offices, during their continn
ance II, Office, and for one year thereafter,
be prohibited
This is hackncyed theme, but it is not
less deserving serious consideration. The
Constitution now inerdicts the appointment
oil member OF Congress to anyoffice created,
oIlhe emoluments OF which had been increas.
ed whilst he was IN Office. la the purer DAYS
OF the republic, that restriction might have
been sufficient, but in these more degenerate
tunes, 1t is necessary, by an amendment Of
the Constitution, to give the principle great.
or extent.
These are The subjects, in relation 10 The
permanent character of the Government il
sell, which, II seems 10 me, are worthy Of
the serious attention Of the people, and Of a
new administration There are others. ofan
administration nature which require prompt
and careful consideration.
LIST. The currency OF the country, its sta.
bilny and uniform value, aud, as inrin-
ately and indissolubly connected with il, the
insurance of he faithful performance of the
Issa services y nsSsss@TY TO ;le G9yeren
sing all the powers requisite 10 those objects
with which Congress is consliiutionally in
invested. These are great ends 10 be aimed
at-the means ase OF subordinate mpor.
lance. Whether these ends, indispensable
to the well being of both the People and the
Government, ale to be attained = sound and
safe State banks, carefully N1ected, and
properly distributed, or by a new Bank oil
the United States, with such limitations. con
ditions, and restrictions as have been indica-
ted by experience, should be left to the arL.
trament, ofenligh,ened public opinion.
Candor and truth require me to say that
in my judgement whilst banks continue to
exist in the country, the services of Bank
oithe United States canno, be safely dispen-
sed with Think that the power to estab
lish snch bank is settled question; set
tied by Washington and by Madison. by the
People, by forty years acquiescence, by the
Judiciary, and by both Of the great parties
which SO long held sway in this country. /
know and | respect the contrary opinion,
which is entertained in this State. But, in
my deliberate view oflhe matter, the power
to establish such bank being settled. and
being necessary and proper power, the on
~ question is as 10 the expedrDcy of It's ex
ercise. And on questions OF mere expe-
diency, public opinion ought 10 have con
trolling influence Without banks, be-
lieve we Cannot have a sufficient currency
without Bank ofthe United States, fear
we cannot have u sound currency. But ii is
the end, that OF a sound and sufficient cur
.ency, and faithful execution OF the fiscal
duties of Government, that should engage
The dispassionale and candid consideration.
Of the whole community. There is nothing
in The name of Il Bank of the United States
which has any magical charm or 10 which
any one need be welded. 1t is TO secure
certain great objects, without which society
cannot prosper and if, contrary 10 my APP
prehension these objects can be accomplish
ed by dispensing with the agency OF Bank
ofthe United States, and employing that OF
State banks, all ought Ia rejoice, and hearth.
" acquiesce, and none would more than
should.
I'd. That the public lands, in conformity
with the trusts created expressly or by just
implication on their acquisition be admins
tered in spirit of liberty towards the new
States and Territories, and in asplrll oil iioer-
ty towards all the States
The land BILL which was rejected by Pres
ident Jackson, and acts of occasional legisla-
lion, will accomplish both these objects. |
regret that the time does not admit OF my ex
posing here the nelarous plans and purpo'
SEES OF the Administration as 10 this vast ma
tional resource. That, like every other great
interest of the country, is administered with
the sole view ofthe effect upon the interests