Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-12-09
RICH M ON ID:
rnuRsDAy monNINo. DEoEmnEn
THE PREsIDENT,s MEssAGE.

And we are grsu6ed to be able to commend som,
portions of 1t, and particularly to applaud the ab
Senee OF that ad eapiandum slang. Of which Presi
Dental Messages, since the dawn Of Jaeksonsr
have become the annual retailers. We did cSpect
from many recent indications, that MIR Tyler would
take the opportunity in addressing the country
through Congress, to appeal to popular prelude,
and passion, and whine over his imaginary priyo,,
gries. That he has not done SO, we are pleased or
account Of tho Office which he 6lls-and his adv;
sers meri, commentator for their success in impro
wing his taste.
| Tho tone OF tho Message in respect to our reIn.
Tons with Great Bctain, leaves no ground for eayil
1t is manly, dgniied and irm, and such as become,
a great people, who. asking nothing but wha, /,
right are determined TO submit to nothing that !,
wrong from any power. We yield to no man in
reverence and admiration for the glorious traits in
the character of the English pcople-Thelr daun,lt,
heFoism-their devoted love of hberty-their nobl,
enterprise, and their munifcent patronage Of every
art that ministers to the comfort and civilization o
man, whilst they constitute them a great empi,e
make them 10 be respected and admired. They mr.,
our kindred too. We claim Join, proprietorsbir
with them in the fame OF Shakespeare and Million
Hampton aud Sydney, Newton and Locke. Blu,
still, we cinno, submit to aggression from then,
The same indomilable spirit, which has made them
the wonder Of the world. has been communicated n
their kindred here, and Inequalities us foe tame SUBJ
mission TO insult and wrong. We never can acoui-
esee in the claim set up their part to subject oar
vessels to search upon the highway of nalons-and
sooner than 1t, we are prepared to encounter n i
the hnzirds of the most disastrous war thu, co,,j
seourge humanity. RopOrntion must be made for
the wrong ourct zcns have sIsuintd, and the ella m
OF night to repeat tLen, be abandoned forever.
Our relations with all other nations are amicable.
The finances are IN the same Unsatisfactory conSi-
ton, which they nave been in for some ycar,. In
this conneSiun the Tariff is odverted to in spiri,
Of IiJtra,Y-and the broad ground of Mr. Mad.
son, is taken, that Tariff OF Observation-Disclosures,
is, OF protection, is constitutional. His Exce,lenev
mas not yet reached the point, TO which the public
mInd Is rapidly tending, that Of regarding Tariff
us the only preserv'tive of sound currency in this
country, and the most potent auxiliary in the creation
OF wealth at home, and consequent respectabi!;y
o6rond. But Unconstitutional scruples constitute no
barrier TO his assuming this posiIion an when IN,
present one sided free trade sysiem-Jy which we
gain nothing and lose every thing, shall have opsra
ted little longer and, by It's runous depression of
our domcstic products and constant conyul,inn of
our monetary system, shall have exposed to
all men its a5suriity and foIly-he will doubtless
cooperate with the American people, in protecting
our real and substantial interests.
The veXed question Of the Fscility oceup,es
much OF the Message. We have read this portion
OF The document again and again. and we must con.
less, that we do not fully understand it, But if we
do correctly npprehend it, it is hideous monster, If
1t lie not a ridiculous abortion. /, combines all the
wors; features of a Sub.Treasury and National
Bank, without the virtues OF ei,hsr. Il is a Sub
Treasury in enIrustng the public funds to indvdu-
al custodiars, over whom the President must have
an absolute control, of which Congress cannot d.
vest him, nor con he divcst himself |, exacts spe.
e'e acne IN payment OF the public dues-except
Treasury notes-and thereby discredils the bank.
ing institutions Of the States. 1t isa Bank in deal
Ing in exchanges and issuing notes for deposits 10
be used rs a circulating medium. Ii il be uncon.
suuuonl for an Incorporation OF individuals TO buv
and sell bills Of exchange, how does il become
constitutional for the Government itself 10 deal in
exchange Is the authority tc be found in the con-
sttut1n, or the Resolutions of 1857 Ifso. we have
not seen IT, This renders the scheme "N-afio,,oI
Broke age" with vengeance. And the issue of
Treasury notes-whence is the authority for such
an emission derived The power was asked for IN
the Federal Convention and refused. How. then.
was 1t obtained2 We specially call the attention
ct our friends, the Abstuctionsts, TO this question
But II the scheme be practicable, (and by means Of
Treasury notes 1t may be,) what must be its effect
upon the S ate institutional Will Il not abstract all
the specie from their vaults, and transfer it to the
nameless monster, through deposiiors and payments
into the public Treasury How can this result he
prevented By Iimi.ing the amount of deposit. as
stated in the Message1 This is the first time we
ever heard Of limiting the amount of specie in n
banking instituIion-but how is it TO be limi,ed7
Can the wit OF man devise practicable model II
not the result is incvitoJle,-Ihe State Binks are
drained and all the specie in the country is boarded
In ne vaults Of the Observation-Disclosures, il is DOS.
sio'c may he abducted, in the Of the Bank
oil Amsterdam, or Swartwout. As to the Board Of
Control, we not informed, how il is to be, and
by whom, appointed and what its powers and func.
tons are to be. An this and various other matters
will he disclosed by the Secretary of the Treasury,
should Congress deem it Of sufficient importance 10
call Tor his Report
The scheme, from the lights now before US. looks
very like gigantic Government Bank. upon IN.
Russian system. It's Objsc; is to accumulate the spe
Gle IN the Government vaults, ard put in the hands
OF the people, Government paper currency, which
may be deprecated at the pleasure of the dominant
party, or which amounts to the same thing, at the
pleasure of the Chief Of that Party. Such an in
siItuiion is Taught with danger to the public iber,y
and altho' We would sacrifice much to obtain n sta
be currency, We could rot consent to peril the ma
tonal freedom for any consideration on earth.
abolition Cor. RmhsrJoord