New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1841-06-02


system does stand higher iavor with the PEG
/ pie, but has recently been condemned IN manner toe
plainly indicated 10 admit OF doubt Thus, IN the snor
period OF eight years, The popular voice may be reaEded
having successfully condemned each OF the three schemes
OF finance which have adyered A. 10 the first, II Wa
introduced time sI6) wh.n the State Banks. then
comparatively few in number had been forced 10 suspend
specie payments by reason Of the war which had pre-
yousy prevailed with Great Britain Whether, II the
UI-d States Bank charter which eXpiredin > had been
renewed in due weud have been enabird 10
nuc specie payments during the and the disastrous
period the commerce OF the country which diaey
succeeded j. TO say the least, probematea and whether
the United States Bank OF cl6 produced restoration OF
specie payments the accomplished throughthe
nstrmenality OF other means, matter of some diff
Guilty at that time detsrnIne,-certan IL, that for the
first years the operation of thai bank
disastrous the greater part OF lis subsequent
II became eInnenty successful. As 10 the second, the
pertinent tried with redundant Treasury, winch
nued to increase until seemed to be the part of wisdom
distribute the surplus among the Staeswhlch,
peratlng al the time with The specie circular, and
the before adveTied to- ed them TO suspend
pecie payments, aid involved the country the great
est embarrassment. And as the third. If
carried through all The stages lis transnua'on, from pa
per and specie nothing but the precious metals
nothing OF The insecurity OF .c pulc moneys, Is njdor5
effects have been anticipated by the country in lis unqua
fed condemnation. What Is be regarded the
judgment Of the American people this whole subject,
have accurate means of determining but by appealing
TO their immediate representatives. The late
test which terminated in The election of General Harrison
TO the Presidency was decided on principles well known
and openly declared and while the sub Treasury received
the result the decided condemnation, yet other
scheme of fnaacc seemed to have been concurrei in.
To You then who have more directly from the
body OF our common constituents, submit the entire
question AZ best qualified give i0 exposition OF their
wishes and opinions. shall be ready concur with you
in the adoption of such system You MAJ propose eser
wing TO myself the ultimate power Of rejecting any measure
which ray OF II, conflict with the ConStu-
otherwise, the OF the
power which could not part with ii | would but
which viii not believe aay act Of yours will call into re-
QUESTION.
beg leave particularly call Your attention the ac-
compnnyolr r~Port hon, tI~ nf Residos
the present of the which has so long afflicted the
Territory of Florida and the various other matters OF IN
tercst therein referred will learn from 1t that the
Secretary has Instituted inquiry into abuses, which pro-
degeiop gross enOmiies connection with Indian
treaties which have been negotiated well as in the ex-
pendiiure. fox the removal and subsistence the Indians
lie represents also other irregularities OF erous
that have grown up the practice of The ndan Depart
ncnt. which will require the appropriation OF upwards OF
$4,000 correct and which claim the Immediate atten
ton of Congress.
In rejecting on the proper means of defending the
ry we cannot shut the consequences, which
the introduction and Of the power of steam upon the
ocean are likely TO produce in between maratime
states We yet the extent which this power
may be applied in bcgerent operations, connecting itself
as il does with improvements IN the science oil gum
merry and procces: but we need have fear of being
left in regard these things behind the most active and
skul of other nations the genius and enerprlse ot our
ielow-ctzcns receive proper encouragement and direction
from Government
True wisdom would nevertheless seem to dictate the
cossiiv OF placing perfect condition Chose orticcuonS
which designed Tor The protection oil our principal clt
and road-steads For the dofacc OF extensive
time coast orr chief reliance should be placed on our
Navy aided by those inventions winch destined 10 re
commend Themselves public adoption-but no tiiae
should be LOST in placing principal cities the sea
board and til" lakes, state OF entire security from tor
eign assault Separated We are tom tlc countries oi
tir oil! Worid aud in much unaffected by their policy we
are happily relieved from the cezly OF maintaining large
standing armies IN time Of peace The policy which was
adoned by Mr. Monroe shortly after the conclusion OF tn"
latter with Great Braia ii preserving regularly or
raiZe staff sufficient for the command OF large military
force should the necessity OF arise, Is founded as well
in economy as in true wisdom. Provision Is thus made
upon filing no The rank and i'll, which readily be- done
on any emergency Tor the Introduction OF system OF DIS
cipine bot:. promptly and efficiently All that Is required
in time Of peace maintain sufficient number OF men
to guard or ortticafons. meet any sudden contingency
and TO encounter tie first shock ct Our chei reliance
must be pl.ced tx militia; they constitute the great
body OF national guards and, inspired by ardent love OF
country viii be ready all times and at all seasons, 10
pair with alacriy its defence 1t will be regarded BY
Congress have doubt, a suitable time, one OF It's
highest duties attend 10 their complete organization and
discipline.
c.nnot avoid recurring with ihs subject
10 thu. necessity which exists for adopting some suitable
measure whereby the unlimited creation Of Banks by the
St,es NAV be corrected in future Such result can be the
most rsaiy achieved By the consent OF the States 10 be
expressed IN the torn OF compact among themselves
5b b.y can only enter into ~ the and appro
baton this Government 4 consent which might in the
prescn, emergency of the public demands usiIfaby be
giyen bY Congress advance OF any action by the states
= an nducemelt such action upon icTis wen deineu
, rI- act of tender Such measure addressing itself to
the calm rejection OF the states would find in the expert
ence OF the past and the condition OF h present much 10
sustain aad i: is generally be doubted whether any
schec q finance Prove for any length OF time success
pover of creating baking corporation THIS power can
only lie limit & BY their consent
With the adoption ct financial age4cy OF a sa'=isc
tory character the hope aay be INDUCED ihai tue country
auxiliary thereto and in some measure inseParaoy, con
neced with its success vii DOUBTLESS eaim'hs attention OF
Congress Among such distribution Of the proceeds OF the