The Madisonian. [volume] (Washington City [D.C.]) 1837-1845, 1841-10-30
A REVENUE CURRENCY.
TO THE EDITOR OF THE MADIsoNIAN.

BALTIMORE, Oct. Goth, 1941.
The amount required to pay revenue of twenty
four millions will not exceed two millions month,
provided two millions month be dsbursed. For the
same money that is disbursed may be paid into the
Treasury again, and thus be disbursed and repaid,
from month to month"; the end of the chapter. And
nobody will pretend that money, generally speaking,
Is kept on hand more than month at time, that
all moneys do not average at least twelve revolutions
in year.
Was the balance in the Treasury last January two
millions? Every man in the country, who knows any
thing about it, knows that there was not two millions,
| and less than one-$9S7, 345.
1t very evident, then, that the revenue alone
not furnish currency for any body but the Office
holders and creditors of the Government; and that
this currency must be- has been for the last four
yeais at acreage Of from three TO .fpe per cent.
premium!
We ,oant A CURRENCY FOR THE PEOPLE,
as aoeH as the Government.
We want currency that is not under the control
of party any of its functonaries whether Pre-
sden Premier, the first servant of the Republic,
or its humblest hreling.
We all know what clamor was raised against ex-
President Jackson when he proposed "GOVERN-
MENT BANK I" that was to "obviate all objections
of the Constitution Gas he understood it") We
shall not stop to inquire whether the clamor was
groundess or not, but simply remark that it pow
erful enough to send his still born scheme before it
ever the light to the receptacle of things lost
on EARTH"
We know not what promise of "he greatest good
| TO the greatest number" the STILL BORN might have
offered had it arrived at puberty under the nurture of
the old Chieftain attained FTscaLhood under the
admoniton of the Albany Regency. But we have no
doubt, had it lived it would have been clicked into
some (passable) shape, and whipped into decent
spect to the opinions Of mankind" and taught due
regard for the interests and general welfare
of all classes of the great Republican family
the humblest well the highest,-and never
have been permitted to "s shave" or Swartwout
for livelihood But, as it is this
TIE MONSTER like the great Monster" has gone the
way of all rags" 1t is alike useless for grief or
riosity to speculate upon 1t further.-Requiescat in
pace. May it rest in peace
No further seek its merits to disclose,
Or draw its fralties from their dread abode!
But to return from the grave to the argument.
We trust, that among all the countless schemes for
National Currency, we shall be favored with no
more designed with special view to take care of the
Government and leave the People to take care of
themselves" This is not according to the Consttu-
ton, as they understand H.; nor will they be easily
persuaded is the best mode Ito preserve protect and
defend it." No partial legislation for classes or
dtons, Establish justice" or promote the
general welfare" nor is it very well calculated to
"ensure domestic tranquility, or "secure the blessings
Of liberty" either to the living generation, or their
"posterity."
However various may be the schemes, we hope we
shall have uniform currency-one alike for the Go
vernment and the People. Nothing less than this
will satisfy, at least
ONE OF THE PEOPLE.