The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1841-12-14

pers.
From the ~. Y. Journal Of Commerce.
is sensible, well-w written document. and presents,
within reasonable compass an outline of the promi
nent topics OF public interest," both foreign and domes-
i tic, Our foreign relations are pacifc-and with no
nation except England, have we any very important
cues ions at issue In reference TO the case OF Alex
MCLEOD, the President suggests the erpediency OF
proviiing ny law, Tor The removal from the State TO
the Federal Judiciary, Of all cases which NAV heresf
ter arise involving the faithful observance and execu
ion OF our international obligations the outset Of
such cases. and at the option Of the party accused
In treating OF the Tariff, the President intimates
his Willingness that the amount of revenue necessary
for the support Of Government should be so levied as
10 favor domestic manufactures He objects TO the
| "home valuation" feature Of the Compromiss act
(Which feature becomes operative on the 10th June
next) a. announcement, unequal and nearly imprac,i-
| cable.
After giving synopsis Of the balance of the Mes
sage, the editor concludes thus:
These are some Of the leading topics embraced in
the Message; which - on the whole very able and
Whggery and Loco Focosm Il goes for the coun-
| Try and not for party
| From The ~. y Erening Post
| There was rumor that Mr.. Tyler would recon-
mend the repeal Of the distribution BILL as measure
which, although not Objectionable 10 Justify him
IN refusing his signature to the Of Congress- was
yet SO nexpedent and inconvenient to make his
duty to advise Congress to abrogate IT, The MESSAGE
was delivered yesterday a. the usual hour and our
readers will find i in this sheet II does recon-
mend repeal Of the distribution bill.
After brief synopsis, not in the very bes, temper
this party journal thus speaks of the Presidents re-
commentator on the Currency:
A German critic, in noticing new work. once re-
marked that 1t contained good things and new things
me misfortune, however, was that of the good
things were new, and all the new things were bad
Mr.. Tylers plan is exposed TO the same criticism.
Whatever is good in ii is borrowed from the Sub
Treasury scheme, and is old; whatever is Mr..
Tyler's own 10 bad.
The plan proposes that board Of control shall ba
established at Washington, with agencies in different
parts OF the Union for keeping and paying out the
public money To all creditors who desire il they are
to issue Treasury notes. instead of paying gold and
silver. To persons who deposit with them gold and
silver they are to give certificates of deposit. They
are besides authorized to buy and sell domestic bills Of
exchange. In short, they to open brokers' offices
in many parts of the country as there are agencies
which are to enter into direct competition with ndi
viduals and to do, for compensation the same kind
OF business which brokers doing every day in
Wall street.
We have time at present to state all the objec-
tons to this scheme which occur to minds IL is
most manifest departure from the proper duties Of
government-an interference in the commerce be-
tween indivduals-an intrusion into those concerns
which ought to be left to private arrangement, ten
times worse than what in this State is sometimes
cd the state-prison monopoly" and hope to see
such parts Of il as make it scheme Of brokerage
rejected without ceremony by Congress
The editor, evidently writing in great doubt whe-
Their he should approve condemn, concludes with
this paragraph:
Such the principal topics Of the message, which
generally speaking, is written in plain, clear and
unostenatious manner
From the ~ Y. Standard, Dec 9Th.
The Presidsnfs uexsuSe-vvu IUcr,.Ua, t.-,r
past last night, the Madisonidn Extra Of yesterdays
date, containing the Message Of President Tyler to
the two Houses Of Congress, delivered at noon yes
terday. II gives clear and succinct account of the
present condition Of the country in reference to its
foreign relations of which an unfavorable
aspect except those with Great Britain and they is
hoped, may not be disturbed by hostile collision
The affair of the Caroline and the North Eastern
Boundary question, are the subjects Of judicous and
dispassonae comment, while pretonson of
Great Britain touching the right Of search, is opposed
with becoming spirit as wholly inadmssible. All is
plain sailing in the Message thus far, but the Tariff
question has called for all the skill Of the southern
portion of the cabinet and confess it has been
adroitly handled Pointed and well reasoned objec-
tons are made to kore pdiudtion J" scheme, in
our judgment, wholly impracticabe consistently with
any approach to uniformity in the duties to be levied
at different ports-the duty may be nominaiiy the
same but foi many reasons never can be really the
same at all ports under this scheme The theory
tempted
The fiscal scheme to which all eyes will be turned
ia the next important subject. We object in toto to
the purchase and sale of domestic exchange by the
Government, at any rate of premium or discount IL
Treasury notes made at Washington be made a
currency which will be always at par, and they
not sold by the Government above below par, we
see no reason why Government drafts, or bills of ex
change drawn at any of the contemplated agencies,
shall be sold at q premium discount. We protest
,:~:b,, sf he IN
any thing under heaven in the shape ofmoney, and
pecialy paper money will never consent TO its using
power OF approaching or depreciang the currency
and consequently the property and labor OF the citizen
Exchange is an incident of trade and traders only
should deal in it, Its rate should depend the real
values of commodities, and not on fctions Of any
sort. The Sub-TIeasury being repealed, and the du
ties being no longer in fact payable in specie, the
whole Treasury note system, and this whole system
of domestic exchanges, Is mere magnificent paper
scheme and Treasury notes and Government bills |
will be irredeemable, and therefoIe unredeemed in
the constitutional currency OF the country The OBJ
lection TO this fiscal edce is that has solid foun
dation Whence is the specie to come Who will
deposit and take certificates when, the President
himself tells u.s. found TO take even half of
the ST., 100000 loan2 The Democratic party can
support no such scheme.
Is the Standard authorir ed to speak for the Demo
cratic party1-ED
From the Ne,o York Nsp Era
We are indebted 10 the editor OF the Madisonian
for copy Of the Message.
There are many topics discussed in the Message
which will unquestionably the approval of the
Democratic party. There others which do not
square with their notions of public policy. There
are no points In the Message, however, which will
give unaioyed satisfaction TO the large majority of
those who were instrumental in the election Of Mr.
Tyler.
The records in the Message relating to the visit
and detention of vessels sailing under the American
flag, and engaged in prosecuting lawful commerce in
the African seas by the vessels Of the British Go
vernment strike exceedingly proper pertinent and
patriotic.
Mr Txler il onnnsed 10 a ialih for other nnrnoaes