The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1841-12-24

"We have not time TO express as fully as we de-
sire, the cheerful disappointment, we may say, we
feel in the tone and tennor Of this whole message,
Loco Focoism is frowned upon in it, Throughout
We could hardly expect SO much after the hotwar
so many of our friends have ~aged against the
president since the Extra Session.
Even the Courier and Enquirer which pursued
Mr. Tylerwith fierce acrimony down to the OPEN
ing of the session, is Modified, 1t speaks half ap-
provingly, though with a sneer:
"The great point in this document, is tho Els
cal Agent This is no more nor less than great
Government Bank- ust such an institution as the
Bank of the United States, except that it may not
discount, and that the Government is tho sole
Stakeholder. 1t may as well be christened a, once
ga Government Bank ofIssue and Deposites"--
for such it will be, adopted by Congress. We
cannot hazard any decided opinion upon its utility
until we see its details; but our present impression
Is, that it will answer all the purposes of IA Ma
tional housekeeping those arising from the
power to discount Notes and Bis-because it is
far more National than any other Bank ever sug-
gested by an Executive. Will Congress adopt it
What will the strict conslructionis,s say TO this
scheme' fths be an abstraction, it is such an one
as no staes-righ,s man ever thought Of recommen-
ding"
! The American scouts the scheme Of the fiscal
agency as aGovernment Bank and therefore as run
ning counter to every principal for which the wings
have contended
1.-The Tariff is alluded TO in tone more rea-
sonable than we had anticipated from Virginian
Of Mr. Tyler's school and, the right and propriety
Of discriminating dutes-subject to the restriction,
that all duties be raised primarily for revenue is
| 1istictIy concabad rha lifEculty oct ho hon
uationIs also pointed out.
"The great question Of the currency is then ap-
preached, and batting the absurd conclusion of 'lhe
speculative philosopher, that probably the paper
system had better never have been introduced, and
that society might have been happier without it,'
is reasonably discussed. The continued insolvency
of bank in certain portions Of the Union is prop
erly condemned, and then the fiscal agency is in
troduced. II is a Government Bank in terms, TO
be conducted by a Board of Control at Washing
ton with agencies Of their appointment, when need
ed-authorised to issue Exchequer bills or Treas
ury notes, TO an amount not exceeding fifteen mil
lions of dollars TO receive private deposites of coin
and issue certificates in convenient sums therefore
and to deal in domestic bills Of Exchange, wheth-
or drawn in CT out of state, so that there be a
distance of not less than 100 miles between the
points from, and on which, the bill is drawn.
"The President prOclaims this 10 be an eflectual
separation of the Purse and the Sword; but mas
much as the Constitution vests the appointment, OF
all officers not therein otherwise provided for, in
the President and Senate who must therefore Gre
ute the Board Of Control, we cannot but look up
on this as to all interest and purposes Govern
ment Bank.
''That it may, ifwe4f managed, be productive
of good effects on exchange and currency, we do
not deny but that it runs counter to every prnci-
pie for which the Wings have commended, seems
to us clear. But we must forbear till the plan it.
selfreaches US"
From the ". Y Erening Posts
Son the subject of the tariff, Mr. Tyler speaks
cautiously and not very decidedly. The revision
Of the tariff is, says he, delicate operation;'
moderate counses' he thinks are the wisest'
our goyernmet ows its existence to spirit "
compromise The people he observes, have an
innate repugnance TO burdens not necessary to the
support Of government Yet congress is not OBJ
the unproductve. So also, he observes, in the
most gingerly manner, the government may be
justified in making determinations in the amount
of the duties upon different articles, with reference
to our manufactures. At the same time it might
be esteemed dishonorabe' that the duties should
be increased above twenty per cent adyaoiem,
to that would repeal the land distribution BILL
These, certainly are not very bold declarations Of
opinion. In regard, however, to the compromise
act. he objects TO the homo valuation of imported
merchandise, which, he says, will mako as many
estimates Of value as there are sets Of appraisers,
will make iluctuating rates of duty, and will cause
them TO be different at all ports OF entry
"Now comes Mr. Tyer's plan for the custody
of the public money; combined with regulations for
correcting VIVA, he calls { the arrangement of the
paper medium This latter task, he observes,
is almost ineXpressbly great To do him JUS
tice, we must say, tho, he puts his plan modesy
enough before congress, remarkng that he does
not proposeit in any over weenlng confidence IN
the suficiency Of his own judgement"
"a German critic, IN noticing new work,onc
remarked that it contained good things and new
things the misfortune, however, was that none Of
the good things were new, and all the new things
were bad. Mr. Tyler's plan is exposed to the same
criticism. Whatever is good in it is borrowed from
the sub-treasury scheme, and is old; whatever Is
MIR Tylers own is bad.
1.-The plan proposes that board Of control
shall be established at Washington, with agencies
in different parts Of the Union, for keeping and pay
ing out the public money. To all creditors who
desire it they are TO issue treasury rotes, instead
of paving in gold and silver. To persons who de-
posite with them gold and silver they are TO glvo
certificates of deposit. They are besides auhori-
zed TO buy and sell domestic bills of exchange. Ia
short, they are to open brokers' offices i'll as many
parts Of the country as there are agencies, which
are TO enter into direct competition with lndlvid
nails, and TO do for compensation, the same kind
/, of business which brokers are doing every day in
Wall street.
"We have not time ut present TO state all the
objections TO this scheme which occur to our minds.
1t is most manifest departure from the duties
of a goyernment--an interference in the commerce
between individuas--an intrusion into those con-
Germs which ought to be lelt to private arrange
ment, ten times worse than what in this state is
sometimes termed the state prison monopoly
and we hope to see such parts Of it as make 1t
mere scheme of brokerage, rejected without ce's-
mony by congress-"
From the .tev Era:
1.-THE condition of the finances, as stated in thu
message, tells different tale than that told BY the
late Secretary Of the Treasury. MIR Ewng's pre-
Joh, Of thirty or fnriy rpilliona