The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1841-08-03
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Within a few weeks the locoiocos from John
C. Calhoun in Congress 10 orator Laird IN the
late loco Convention in this County, have
strung their harps for a new song. II is, that
the times are bad. wool wand money scarce.
Now we will not say as they were wont to that
there sis no pressure that any honest man ought
TO ~regret,'' for we think Otherwise. We think
that the scheme consummated by Van buren,
the 4th of July lS4O, has not proved so bene-
fetal as even IFS supporters thought 1t would
and sur.ly it works very much as the Wings
predicted. Although it had by its operations
up to the 4th inst. curtailed the currency OF the
country only one fourth, its effects have been
visible, and a gradual reduction towards The
European standard has taken place, even ac-
cording to the admission OF the trends OF Inc
Sub Treasury. The rate of exchanges, which
indicates the condition of the great business oil
the country, range from Is to 20 per cent. be-
tween The South, West and East. when before
locofocoism prevailed, it was only ! per cent.
And, ifthe provisions of this law are suffered
TO 90 into force, when all paper money is to be
prescribed. we shall, at the rate it has gone on,
reach The European standard" and the prices
of hard money nations become our prices.
What then was predicted by the Wings one
year ago as The fruits Of this measure, receiving
the acknowledgements Of their opponents now
as true, has become serious reality. And who
does not feel this reality?
But there is another note 10 the Locofoco
song. 1t is that the Wings have not improved
the times. They forget that the people we'll
understand that the new administration has not
had time 10 repeal even the Sub Treasury and
to provide the means OF relief and that they
well know we are still burdened with that ruin
GUS system.
So badly has this scheme operated that even
the cheering influence which the succession of
another administration was calculated to pro
duce, has been in a great measure, if not alto
gether, counieracted.
Yet the Van Burenites stick to this scheme,
pass resolutions in its favor, denounce and op-
pose the Wings in the adoption of those meas.
ures from which alone relief and prosperity can
be expected.
We are still living under the measures es'
tablished by Van Buren, and his party, and
must 50 live till these measures can te abolish
ed, and to do this constitutionally and rightly
requires time. Had we a king or an admins
traion that would take the responsibility of
dlSperSln8 Win these laws al onCc' oilci '"0
fashion of some who dared TO abrogatc such
laws as they chose, then these measures could
have been set aside but GU. constitution for.
bids this, and a succeeding administration is
compelled to maintain laws previously enacted
till time is allowed Congress to repeal them and
to mature different and better laws. All this
requires patience and consideration.
BISHOP D~oANE-The London Morning Her
aid of July Sd contains an account of the examl-
| nation OF The students OF Kings College School,
London, which took place on the LIST and I'd inst
Among others present on The occasion was the
Rev. Bishop Doane, Of New Jersey, formerly of
this city. After The exercises were concluded.
" the Chairman" says the Herald, sin conclu-
ding a suitable address 10 the scholars, remarked
thai there was one person present on the occa-
sion whose sanction they ought TO be proud of,
who had a birthright in our country and in our
literature. A brother in the faith aud a father in
The church-the Right Rev. the Bishop of New
jersey. He assured that eminent person that
his pr esence gave himself and all those interested
in these proceeding the slnceresI Qualification
Oong and loud applause.)
To these remarks Bishop Doane replied In an
exceedingly happy and appropriate manner. His
speech is reported at length in the Herald, and
we regret that the narrow limits Of our columns
will not permit US to copy it Boston Times.