The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1841-01-06

/ ran we fear that there is too much self and too
little patriotism in all our party leaders; and
that the measures, even of the new adminis'ra-
ton, will be too much under the influence OF
struggle for the succession. As it is, the party
going out of power, may be expected to de all
that thew can do to embarrass the resumption OF
specie payments. They will do all they can to
destroy the credit of the banks of the States, and
it will be unfortunate if the party coming into
power shall enable them to keep up the party de-
fusion by resuming prematurely, and thus, by
another suspension, strengthen the prejudice a
gainst banks
We have deemed it our duty to say this much,
because the measure attributed to MIR. Calhoun
was suggested by the editor of this paper to sew
eral promiHent friends of Mr.. Clay--and because
we can trace the rumor and the letter in the Re-
corder to this conversation with Mr. Clay's
friends. These gentleman may have supposed
that we spoke for Mr.. Calhoun, but but it is
time that they should know that we speak for
ourselves. We regret to know that such Is not
MIR. Calhoun's purpose, and we regret still more
that he is deferred from making any proposition
to adjust the currency question in the present
state of parties, under belief that no PROPOSE
ton whatever could be carried.
Having said so much, we will add that, by
the plan suggested, the Federal Government
could add some sixty eighty millions of dollars
to the currency, that it would be equivalent to
the coming so much specie-that it wsuld add to
the value of our State stocks by rendering their
investments in rail reads Immediately prsduc-
tive; that the issue thus given out would consti-
tute the best basis of banking and commercial
transactions; and what is in our opinion of al
most equal moment-it would confirm the pow
er of the Wing party by fulfilling all the expec-
tatiens Of the people in relation to the new ad-
miRistratisn.
We have some experience In the working OF
party-we know that all that we say Is looked
upon in certain quarters through false medi-
UNI, created by jealousy of MIR: Calhoun, and
belief that we are slbservient to him. In urg-
ing upon those who are politically opposed to
Mr.. Calhoun the necessity of maturely consider
ing MIR. Calhoun's position, we endeavored to
promote the welfare of the country. We fore
see that when MIR. Clay shall bring forward his
proposition for Bank of the United States, it
will have to encounter the question raised by
MI Calhoun in 1887. The issue will be be-
tween the use of Government credit, which MIR.
Calhoun insists is cheaper, because it costs no.
thing-safer, because it is guaranteed by the
United States, and better, because it is not sub
ject to the casualties and fluctuations of bank
paper. We are the partisan of man-we
see that there is great cause to fear that the
question of the currency is to be further involved
in party strife, and we urged upon those who
united with us in revolutionising the political
power of the country, such considerations and
views, as, if adopted, will, in our opinion, pre-
serve power to them. We are not without APP
prehension that they viii fail to profit by past
experience.