The Madisonian. [volume] (Washington City [D.C.]) 1837-1845, 1841-11-13
Communications.
FOR THE madison
DIALOGUE II.
PhiIo- SOphos and .Statisticus.

FhttO-cOphOS ana SotuHott'~o'
To the Secretary Of the Treasury;
Philo Sop. In our late coloquy you manifested =
familiar acquaintance with national interests % pr
mary importance and particularly those OF nhanco
and industry You seemed, indeed, au .fdi upon
those concernments in all their phases, MOODS anu
lenses.
Stat Icry you mercy, good Pho-Sophos; pre-
tend to no extraordinary endowments, but only 70 Nv
ter the experience of an humble intelligence, through
long series Of years. by tracing effects back 70 tneiT
causes and applying the test of practcablty, which
have been enabled to do by long experience In the
varied concerns of an active life.
Philo Sop. But cui bono? Have you derived
either profit or pleasure sufficient to reward your theo-
retical and practical labors in those adqurcmentsf
Stat. If you mean pecuniary profit, might re-
spond in the negative. But If mental enjoyment, l
will say, yes. have derived much from the belief
that have done the State some service !" and the
benefits in abeyance anticipated from those abors, are
abundant sources of consolation. And, if intelectu
al pleasures are essentially celestial whilst those OF
the senses are comparatively, besal is it not die
tate of pure philosophy to indulge in dsces SO sub-
mated
Phiio Sop. Have you seen in the foreign papers
the plan Of descendant Of the family of the great
Franklin for raising money for public uses, which
would do away with stock obbng, BY having recourse
to the country in general instead Of resorng 70 capt.
talists who make II an object of agiotdge?
Stat. Yes. have seen Il and it was my plea
sure 10 encounter the identical parsonage 10 whom
you refer, at the residence of distinguished diploma
list in London, Rufus King, and well remember his
peculiar frankness and afability in conversng with
him upon matters Of finance, and its kindred topics.
The greatness of the founder of that family has been
conspicuously acknowledged by rival nation--lw who,
in substance, adopted the language of a naughty
Moore over a fallen foe, Great let me coll him, for
he conquered m lard that acknowledgement was in
scrbed ON his erected in their repository Of
honors to les grandes morris the Great nomOre, as
follows, viz. Eripuit Celo tuimsn septrunque ty.
ranns" He was, truly, Of the class of these sainted
spirits in the minds eye Of the patriotic poet, when he
sung in
La Hyanne des Marseiilois.
"Nous entrerons dams leur earriere,
Quand nos annees ne seront plus ~
Et nous trouverons dams leur poussiere
Les traces de leur vertu"
But enough OF music and poetry. will resume
more didactic theme. G% SH'.
The plan u.s. substantially, analogous to that which
was offered by my humble self for one Of the States
of this Confederacy. And by way of illustrator,
will adapt it to the two-fod of raising means for
the Government, and providing measure Of value"
for the people, viz Let the Treasurer of the United
States( or Board of Commissioners, OF Trustees, ap
pointed by the States with the authority and on the
faith and credit of the United States, issue Fiscal
bonds Tin sums not less than 100, MOI more then TO-
600 dollars bearing perpetual interest OF per cent
per annum, payable quarterly Ivy csupons,) to an
amount equalto but not exceeding, at any time, the
estimated revenue for the year.
The fiscal bonds might be of the following denom-
Nations viz . D.