The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1840-10-23

to make up the deficiency!
in November-the next month-the scheme wa:
more fully developed by the leading party organ.
at New York. "This PLAN" says the N. York
Herald, sis sc, FAR MATURED by the leader:
of the Wing party as to he OFFICIALLY PRO.
INDICATED IN THE COURIER AND ENQUI.
RER."
The Courier and Enquirer-the special support.
er of Nicholas Biddle, Harrson's intended Secre-
tary of the Treasury, the purchased stipendiary Of
the deiunct National Bank, and the acknowledged
organ of Harrison-accordingly PROMULGATED
THE MATURED PLAN as follows:
| "I.et the Government Of the United States
which means the peoples immediate representa-
hundred millions of stock, bearing an interest of 4
per cent per annum, and let this be appropriated
among the States on the principle of MIR. Clay's
land BILL"
The New York American, edited by Charles
King, n notorious and eX.ravagant aristocrat, now
making stump speeches in behalf of Harrison, Sc
conds this suggestion with cOngenia zeal. ltsays
"By no human agency could more immediate
relief be effected, than by the conversion of the
debts of the States into United States stock"
The Commercial Advertiser-a newspaper that
glories in the avowal of the runkest ant-Republi-
can DOCTRINES and fights for Harrison as its legili-
mate chief--says
"Iet the Federal Government issue national
stock, bearing say per cent. interest, in exchange
for the State stocks,
GAS to the other objecon-THE CREATION
OF NEW PUBLIC DEBT, 1T HAS NO TERRORs
FOR US. iU|0But we reserve the discussion for
another day."
While these organs at home thus boldly proclaim
the new national debt of three hundred millions OF
dollars, which Harrison is to create, their British
allies, with coincidence which proves n secret
but absolute concert, issue in London, in the same
month of November, CIRCULAR, through the
BANKING HOUSE OF THE B.4RINGS,
who were for years the confidential agents of Ncho-
las Biddle and at the head of which are the pros
ent Chancellor of the British Exchequer, and peer
of the realm of Great Britain. In that circular,
these allies of the supporters of Harrison say "that
A MORE COMPREHENSIVE GUAR
.aN7'EE than that of the individual States will
be required" ".f .N.1TTO.N4L PLEDGE"
they say, "would undoubtedly collect capital to-
geher from all parts of Europe;" and they intimate
to their American friends that the works of Internal
improvements in the States must stop, unless
"SO.ME GENERAL SYSTEM OF COM
BI.N.A TION is adopted" For the furiherance
of this " system Of combination'-t gigantic
scheme of Joint international stockjObbing, at the
| expense of the people of tho United States, the
election of Harrison is lookedt to on both sides Of
the Atlantic. This circular Of the Earrings has been
followed by the establishment of English agents in
our large cities, to promote the "sysem of combi-
nation;" an active published correspondence is KEEP,
up; and the London newspapers TEEN with articles
in favor orthe election of Harrison, because on that
they depend for the fulfment of the "general sys-
tenn of combination establishment ola ''na-
tional pledge"
The Liverpool Standard, of the 4th of Septcm-
tber, says:
cat present Great Britain exercises a Pc W
ERFUL LN'FL UE.N'CE over the social, Pc
LITTCaL and FISCAL affairs of the United
Statcs.'
| A letter in the London Morning Herald, Of the
Sd Of Sept, thus discusses our elections
Z" If the people do not now succeed in throwing
off the oppressive and humiliating yoke of CHAR
LATANS IND R.N.A YES under which they
groan, the result will ultimately be REFO-
LUTON OF FORCE. The mass of the COM
munity will not consent TO tolerate such con'bl-
nation of schcmers and prodigaics in any longer
dominion
"The LNPRO VEMEN'T IN STOCKS is
to be partly .aT1RIB U1'ED, no doubt, to the
abundance of money seeking investment; but chief
ly to the promising results Of the WESTERN
ELECTIONS, which have given temporary
buoyancy and life to the market. do not imagine
that it can be permanent, nor do / hope for PER
M.A.NE.WT IMPROVEMENT until The
PRESIDENTLaL QUESTION shall b
FL.NALLY SETTLED"
81 do not believe that there will be any positive
change for the better in our affairs, until it is etec-
ted by a CHANGE or ADMLNISTRA-
TON, and an entire REFORM or OUR FL
N.ANCIAL SYSTEM"
And now we ask whether, since the days Of
Hamilton, scheme more proAgale than this, con-
cocted between the STOCKHOLDERS here and in Eu-
rope, and destined TO be perfected by the election
of Harrison, has been attempted or announced .
To plunge this nation, now in peace, with an am
pie revenue, derived from easy and moderate taxes
and without debt, into "A .N.aTTON.4L DEBT
OF THREE HUNDRED MILLIONS or
DOLLARS! What conceivable object can there
be- but TO renew the plan Ct Hamilton Of putting
down Democracy and Democratic principles.by Q
gigantic scheme oftaxation and corruption TO found
upon their ruins, first National Bank, and then al
the odous abuses which necessarily follow a mon
eyed aristocracy!
What the Harrison newspapers thus proclaimed
as we have seen before Congress met, the poll
ticans in that body attempt TO further when it as
semblcd 1t was not ill the 9th December tina
the standing committees Of the House OF Represcn
talives were appointed, and the House organized
for business, and the next two weeks were occupied
almost entirely by motions about the rules oil pro-
ceeding the reception of Abolition petitions, an'
the election of printer. The first opportunity, how
ever, was seized to announce the grand scheme o
the Harrison party, the creation Of a new natlona
debt. Mr.. Gentry, leading Harrison representa-
tive from Tennessee, on the l7th Of January, gav'
n notice, which is entered on the journals Of th
House, as follows:
"That he would, as soon as it shall be in orde
for him to do so, ask leave to introduce A BILL
Ass U.MI.NG THE DEB7'Sofhe State!
BY THE UNITED STAT'ES, and settn.
apart the proceeds of the public lands for the pay
ment fthe same"
, The Democrats in the mean time were not mat
tentiye TO this vast measure of corruption and pc
ltcal proAigacy. The course Of conduct adopte'
by the Harrison leaders in the House, where the.
occupied day after day in efforts to obstruct tn
ordinary course of legislation, allowed no opPortu
nity there to attack IL but, in the Senate. the Re
: publicans. headed by Col Benton. exposed In it
true colors, and laid bare the insdious designs 0
those by whom il was concocted. On the intro
duction of the subject By Col. Benton, an attemT
a IL. I.t. IN