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

are determined to submit to nothing that is wrong
from any power.
Tbs finances are in the same unsatisfactory condi-
tion which they have been in for years 10 this
connexion the Tariff Is adverted TO in spirit ofiibe-
raly--and the broad ground Of Mr.. Madison u ia
ken, that Tariff Of discrimination is, Of pro-
lection, ID constitutional.
The Wing, as usual, condemns measures without
understanding them Il thus speaks of the fiscal
plan recommended
The vexed question Of the Fiscalily occupies much
Of the Message. We have read this portion of the
document again and again, and must confess, that
we do not fully understand it, But il we do correctly
apprshend H. IT is hideous monster, ifit be not n
dcdous abortion. II combines all the worst features
Of alSub- Treasury and National Bank, without the
virtues of either.
/ Tn. RICHMOND SHIELD 7 his paper has the man
illness to credit the Madisonsn for the first copy of
the Mssssge-yet il condemns the Message IN the
ultra Wing style Speaking Of the proposed Fiscal
| Aeeat, it says:
Can we not venture to affirm, that in beginning
badly, he has ended still worse and may il not be
truly said, 'parturienf Monies nascifer redieoius
| mus. There is nothing new in it-nothing but the
old Sub Treasury scheme over with this difference,
thai Mr.. Van Buren, spent all the gold and silver,
and issued his notes for the purpose OF raising the
needful, but this proposes after getting it, to lock il
| up anu put the note out In It's place.
| From the u. S. Gazette.
With reference to our relations with Great Britain
there seems to be proper spirit manifested in the
Message though something indefinite marks the allu-
sons. On the whole, however, there is nothing pos
tive to condemn, unless it be want Of something
more TO approve.
The reference to the state of affairs arising Of
the African trade, 10 just such MS we expected and
just such we, and one Of our correspondents fore
told.
With reference to the tariff the President ventures
to propose nothing but moderation. Something de-
csiye, however will be proposed, and the maximum
of % per cent Is pointed to as reaching 70 the dis
trbution law. The powell however which could, If
public good require impose protective duties, as well
as those necessary to meet public expenses-might
amend the law to which The President refers-and al
low the distribution Of the public land money,
though the duties should exceed 20 per cent. Does
the President mean that he would veto such bill
just pass it frst.-ED.l
The part of the Message which, under all circum-
stances attracts the greatest attention. is that which
relates TO the exchanges of the country Il is diff
cult 10 say exactly what the Executive plan, but so
far may be judged Of the scheme which the Secre-
tary Of the Treasury has in peo appears be
totally mpracticable. One provision, at least would
render it almost useless to the middle States inasmuch
as the exchanges are to be supplied between no two
places within the distance Of one hundred miles,
that Philadelphia could have advantage Of the IN
only 9Sl miles, and still less with New York, which
happens to be located still nearer oar city plan,
then, which omits such relations Philadelphia has
with Baltimore and New York. must be so deficient
to be in great measure useless.
The notice concludes with some pedagogical stric-
lures on the grammar Of the Message.
From the Harrisburg keystone.
PREsIpENT's MESSAGE. We hasten to Law this i'm
portant document before readers, with little de-
lay possible It will be found to be State paper Of
more than ordinary merit. The border collisions are
discussed in tone and spirit which become the i'm
portance Of the subject. Should revision Of the ia
if be necessary, the President urges that moderate
councils would seem TO be the wisesi." Upon the sub
ject of banks his views sound and corrcct-he
SHOULD follow the example g. Of the United
ton e
From the Ns1o York Courier and Enquirer, Dec s.
We have room for comments upon it to-day; but
are free to admit that in its general aspects it is far
more acceptable than anticipated
All that il said in relation to England is we'll put
and while II breathes spirit Of moderation which |
cannot fail to be approved its tone is sufficiently de-
ciled to meet the APPRECIATION Of all parties.
twill be perceived that the Message is very deci-
ddy favorable to preservation Of the principles Of
The Distribution Act.
On the subject of The Tariff the Message will be,
according to our understanding of it, acceptable to
tlose who advocate discriminating duties in certain
cases
The great point in this document is the " Fiscal
Agent" This is no more or less than great Cor
eminent Bank-just such an institution the late |
Bank ofthe United States, except that it may not dis
count and that the Government is the sole stockhod
sr. II may as we'll be chrstened at IA Govern
ment Bank Of Issues and Deposts"-for such it will |
be if adopted by Congress We cannot hazard any
decided opinion upon its utility until all its de-
tails but present impress ion is that it will answer
AZ. -. NJ II D.
arising from the power to discount notes and bills
because it il far more national than any other Bank
ever suggested by an Executive. Will Congress
adopt il What will the strict Constructonists saw
to this scheme If this be an abstraction, it is such
an no State-rights ever before thought of
To the first impressions this journal adds the sober
second thoughts Of the next day-the 9th Of Decem-
Der.
The Manageable more we reflect upon the prin-
cipal feature of this documentthe fiscal prosf-the
more il commends itself to our approval
From The Tribune
The indications already afforded confirm US in our
early belief that the Message Of President Tyler will
be received by the People, and especially the Wings,
with moderate but general APPRECIATION What is said
of our Foreign relations could hardly be improved.
On the subject of the Tariff, the President talks
moderately and sensiby. He shows that the existing
Tariff must be modiied-the Compromise act of 1888
the principle of home aIuation which
in its present shape is impraclicable.
In regard 10 the currency, the finance, and due
system Of regulating the and managing the other,
he PRESIDENT lucid and satisfactory than
we had anticipated The plan which he presents in
rough draught has evidently been the work of lofty
and original minds-of statesmen anxious TO present
project which must be efficient and ought to be sat
sfactory to the country. Putting oldfashioned
Bank out Of the qusstion-as certainly is for the
present--we can hardly how plan better calcu-
ated to operate efficiently and benefcently on the
currency could be devised.
From tho National Gdzetie
MONEY, FINANCE, AND CURRENCY.
The plan of fiscal agent that is Swallowed forth