, 1840-11-07

and luxury amongst US. We have seen how
difficult it is to resist the insldious progress Of
vice. with all the array Of reason and religion.
How can furtherIopposition avail. when the
political wisdom of the land shall deliberately
apply the aggregated industry Of the coun-
Try, collected by taxation, TO increase the
evil.
These considerations are Of enough mo-
ment and magnitude to secure Il least a serl-
Gus attention to the principles of the great
controversy now going on.
1t is contenied that the Constitutional
Treasury law %confers on the President the
power Of the purse. by giving him the GUS
;ndv sc the public money. Well. who ought
to have it, then? Congress. But Congress
is not always in session, and who will keep
it in the recess! Some agent OF Congress.
And is an agent of Congress more worthy
of such a trust than the elect of three mil
lions of voters? Besides, when Congress is
in session. some man must keep the keys OF
the Treasury. But If it is restored to the
banks, why, experience tells us by their re-
paated suspensions. that they will always be
ready to sacrifice their faith to the Govern
ment TO their own interests. Political am
bi,ion NAV violate such n trust in our coun-
trv-that is conjecture. But mercantile ava
rice and speculation have repeatedly done
sr--that is fact and history. But the objec-
tons made to the Presidents custody of the
public money are insincere. The public de-
posites were removed by the Secretary oil
the Treasury. according to the charter OF
the United States hank as well as the late
State bank deposite law. and he holds his
office ut the will of the President. No par.
" objected Ia the provision, for It's proPriety,
If not necpSSirv. was obvious Ia all.
VIII aot discuss the objection that the
Suh-Trpa>urv bill provides one currency to-
the people. and another for the Government.
It's ~absurdi,y is plain to every mar OF refiec'
ion.
But it is contended that by increasing our
proportion Of metallic circulation. the Prlceso'
property and Labor will fall. This ldealScontra
nv Ia fact and reason. Cuba has a currency
purely metallic, and in no country are then
prices higher. Texas has now the most ex
elusive paper currency; do laboreis get bet
ter emplovment-do our products find a tet
ter market. their than elsewhere? We al
know that fluctuation and uncertainty arr
the principal evils of our money system; W.
must know that larger proportion OF specl'
would render it more stable and UNIFORM
As for the rerulation of Il Bank OF the Uni
ted States, nothing could be more uncertain
The late Bank was Irregular. almost as an,
local bank; n new one must be governe'
either by the political power, or the none.
power. of the country. In one case 1t I've
comes the engine OF party with all its vic
z. ~ ,,...,la-. IN tho other NJ lS TN
creature of ~avarice and speculation, with a
their depravitv and revulSion.
r An expanded paper system, therefore
, whether under the control oi state or fedel
al banks. is detrimental alike to the proper
, ". morals and liberty of the land. Ere
uu, n; expansions and suspensions render IN
, multiplication and violation OF engagement
, habi,ual. and lend the sanction of custom I
bad faith. The sanctity of truth itself, IN
great fundamental principle of society an
> religion. is invaded. and the moral decompC
sillon of the country goes ieartuliy on
This downward career Is rapidly accelerate
when the paper system acquires control owe
: the government. and stimulates It's fiscal az
= ton. Tariff and internal Improvement law
which take the money of the country irO'
: industry. to be appropriated by power. an
create a mighty current OF money toward
: the Treasury. from which it never return
TO the same pockets il left. all tend TO II
consolidation of n great money despotIsn
TO blight, to corrode, to corrupt, to enslav
the hearts. the minds, the spirit, and person
Of the people.
: The Society Of Friends are solemn
: bound. ut this crisis. to assert, through u
{ ballot box. the purity of the political prime
Il pies, and protect themselves and their pro-
> erty, as well as their fellow-ciiizens, from u
> triumph Of a system Of government again
! which they were led by William Penn. wi
{ a glory which has never been eclipsed by Il
> sons of Liberty, on her proudest battle fieI
ROBERT BARCLAY.
WHERE HE ALWAYS HAS BEEN.