The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1841-07-09

SECRETARY ENYING--T II s EFT
REASON OF HIS LABOnS TO CREATE
"FISCAE AGENT"--HIS EXTRAOR-
BINARY PATRIOTISM.
Many have wondered why Secretary Ewing was
so immensely absorbed in the concoclion Of n plan
for an L. $. Bank, and why he exhibited such an
extraordinary anxiety TO play an imposing part in
its creation, The enigma is now solved. The mys-
terry is explained The secret wires that controlled
the whole machinery Of the object have been eS-
posed, The Secreiary's patriotism turns out TO be,
as we suspected, mele pocke'ism, and his yearn-
ings after regulator Of the currency, mere de-
sire to regulrte 1t so that large proportion of it
may find its way into his possession.
1t seems that Secretary Ewing is largely interest
ed in certain salt speculation and land monopoly
somewhere abou, M'ConncsvilIe, in Morgan coun-
ty, Ohio. But short time ago the company sus-
pended payment and their obligations became so
undervaued that, Notwithstanding all the efforts and
influence Of the Hon, Secretary, they would not be
received by the operatives engaged on tho works,
unless pay ment were guaranteed by some Of the
contractors on the public improvements in the Vi
cinily. When Mr.. Ewing started for the East,
however, to take possession of his post in the new
Administration, matters at the I" Iloclhocking salt
speculation" assumed bright face. 1t was cur
reny reported that he had assured the creditors of
the company that call liabilities should be liluda-
ted on his return in few weeks
The Hon. Secretary visited Washington and was
installed. He then came to Philadelphia, tried to
raise funds here, and went to New York, and al
tempted the same thing in that city. Wha, prom
iscs or arrangements he made with the brokers in
either or both places we know not but on his re-
turn he still unable to pay but small per cent
on the amount of the obligations of the association.
Much dissatisfaction was efcourse the consequence,
but it was Modified by the fact generally circulated
that some scheme was in progress, some mHgnif-
cent idea maturing, that would soon render funds
abundant and render the spectators interested ful-
~ independent OF all pccunlary apprehensions. This
darling scheme is now before the public. After
few weeks of quiet, the Secretary brought forward
and presented 10 the admiration of Congress the
abortion which he dcnolnina,es a" Fiscal Agent"
Here them is the cause Of his exetions in the mat
ter. lie wants National insiitution-no because
he imagnes it will benefit his country--nol because
it will relieve the American people Of the financial
embarmssnents under which they are lnboring TO
cvhauslicn--not because it will CIRCULATE the cur
rcncy," for he knows as well as any man that the
currency will regulate itself, and like water, seeks
its proper level, if let alone-but because through
the instrumeniay of such Bank, he and his CO.
ndjuiors in the llockhoching specuaions will be
enabled 10 leap at once from comparative insolven-
cy and disgrace, into wealth and all its magnificent
concomilans.
Another evidence Of the lion. secrcary's corrup-
ton in this matter is the fact that he refused the
t:ol Of the Post Office Department, because howey-
suited TO his peculiar business habits, it not
Immediately adapted 10 advance his views in the
way of finance. The Treasury Department was
better suited, and so we perceive with what avdily
ho reIinquishcd the one and entered upon the oner
Gus duties of the other. If he succeeds in eslab-
fishing THE Bank its funds Of course will be ut his
disposal, and his fortune will be made; but should
he miss in this last cflor, TO do himself service in
the words of al Ohio paper, {" all other resources
having failed, the principal one Of which was Bid
dies exploded monster, j. few months will not more
than pass around ere the lIockhockng furnaces will
he " Solitude" and the wells d" deser, waste Of
(snln Wnipr - phil Times