Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1841-12-16
UeraI0 Of the q I'M { q
N ID w IP o iB 10
THURSDAY MORNING, DEC. l6
Presidents Message.

\ The first regular Message oil fres'-
dent Tyler, will be found in full on the
fourth page of to-day's paper. The
tone and spirit of the Message arc mild
and conciliatory, and the views Of the
Executive on most of the topics pre-
sented, are satisfactory to all. The
part ofthe Message relating to the cur
rency is the only part, about which we
have perceived any difference of opin-
ion among our contemporaries. The sy-
nopsis Of the plan as given by the Pre-
sident, does not seem to afford clear
view of the plan itself, and therefore 1t
is impossible to Judge how near it will
approximate to the wishes and wants OF
the country, until it is further developed.
The National Intelligcncer, after com
mentipg at some length upon the plan
of a Fiscal Agency suggested by the
Message, says-'it will be better un-
derstood when it is presented in detail. +"
The IntelIigencer then expresses its
doubts as to whether it will be plan
that will be satisfactory to Congress,
and says-"We wish it may turn out to
be such a one as tho judgment Of
Congress may approve, but we have
serious misgirings to the contrary. -
The Intelligencer, however, qualities
the doubts thus expressed, by adding,
that they "do not undertake, upon the
evidence before them, to express de-
cided opinion upon the subject, SC.
The Philadelphia United States Ga
zette thus briefly siludcs to the Curren-
cy part Of the Message:-
"The part Of the Message which, un-
der all circumstances, attracts the great
est attention, is that which relates to
the exchanges of the country. 1t is
difficult to say exactly what is the eX-
ecutive plan, but so far as may be Judged
Of the scheme which the Secretary Of
The Treasury has in petio, it appears to
us to be totally impracticable. One
provision, at least, would render il al
most useless TO the middle states, mas
much as the exchanges are to be sup
piled between no two places within the
distance of one hundred miles, that
Philadelphia could have no advantage
of the institution in her relations with
Baltimore, which is only 80 - miles,
and still less with New York, which
happens to be located still nearer our
city. A plan, then, which omits such
relations as Philadelphia has with Bal
timorc and New York, must be deficient
in its objects as to be in great measure
useless.
There can be little doubt, however,
that the tendency of such an institution
If The government was entirely account
able for its funds, would be to draw
away from all state banks those depos-
ties upon which much of their profits
are made-and control may be situated
In the same proportion, thus, in time
to diminish the number Of state institu-
tions in those places where branches of
this Treasury likewise, would this ins,i-
tuition initiate against private banking
so much desired by many who see the
evils resulting from the abuse Of the
present system.
We repeat our remark, that the allu-
sions to the plan are SO indefinite as to
remark upon it-and this we take to be
an error ofthe Message-it never should
have been exhibited if the Executive
intended to recommend plan, and less
if he desired only to be asked for one. u