The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-03-01

When these gentlemen were told by the press
| in every quarter of the Union, and through prl-
vate letters from the commercial cities, that the
mercantile and business classes generally, who
were most deeply interested in the currency
question, were united-almost to MANN ia
vor of adopting the plan suggested by the Presi-
dent, what was their reply? Why, that these
men-though doubtless good merchants, and
fully understanding the wants of the business
community-were not politicians, and could
not therefore be supposed to understand the pc
litical bearing of the measure, which was the
first thing to be considered by the party Such
were the grounds on which the wants and wish
es of the People were to be disregarded!! But
happily the letters of party were not strong
enough to restrain suffering and insulted nation.
Though long accustomed to follow almost I'M
plicitly the guidance of party leaders in whom
they trusted, the People were not willing to have
their own urgent interests entirely postponed or
sacrificed at the shrine of political consistency,
and murmur of indignation, ''not loud but
Deep" was heard from every State ofthe Union.
and, like the muttering of the gathering storm,
was the prelude to that exhibition of the popular
will which now see ms destined to regenerate our
institutions, by throwing off the hands of party
thraldrom, and restoring the People to the guild
ance of that independent and enlightened patri-
otism which should alone influence republican
freemen in the exercise of their rights and
privileges
In the events of the last few months party
despotism has received blow from which it
will not speedily recover. Men are every where
turning from names to things; and examining
for themselves those claims to nfallibility which
they have hitherto allowed on trust. The posi-
ton in which Mr.. Tyler has stood, and now
stands, before the People, has excited the atten-
ton and sympathy of tens of thousands among
the honest and right minded freemen of all par
ties, and in every section of the country. They
have examined his whole conduct in the trying
circumstances into which he was suddenly
thrown-have weighed the charges and denun-
Citations heaped upon his character and motives,
and each day affords fresh proofs that no party
barriers will restrain them from yielding him
their patriotic support in his efforts to restore the
Government to that Republican simplicity which
the Constitution contempates. 1t is true in
deed, that there are individuals both in and out
of Congress who will oppose any measure which
may be recommended by the present Admins
tration, and who are disposed to throw every
possible obstacle in the path of the President in
the performance of his constitutional duties, but
this clique is becoming every day less inhuen-
tial, as every exhibition of its rancor alienates a
portion of the People whom it would fain con-
troll
We have little doubt that there are many in
dividuals in Congress who are heartily sick Of
that party discipline which has so long brooded
like an incubus over the proceedings of that
body, restraining and paralyzing every thing
like independent action, and real free agency /;
but although they are satisfied that the system
of policy recommended by the President is cal
cuated to advance the real interests of the coun-
try, and will ultimately receive the approval of
majority of the People; and although they
may secretly wish "God speed" to the good
work, and are constantly hoping that by some
chance which they can neither explain nor fore
see, they may yet be able to unite on some plan
for approving the great measure before them,
still they cannot shake off the habit Of acting in
obedience to party dictation, and openly oppose
the only plan which offers the slightest hope Of
relief to the country from its present embarrass-
ments. Upon such men rests fearful response
bity, for which they are sure to be called to a
strict account.
To Congress is confded the guidance of the
ship of State; and with Congress rests the des
TIMES of the country. The President and his
Cabinet have performed their duty fully and faith
fully, and it remains with the Representatives Of
the People to adopt or reject the recommended
tons for the public welfare which have been
submitted to them From each one the country
demands fearless, energetic, and independent
action To fold our arms and abide the event,
without aiding in its accomplishment, is less
honorable even than open hostility.
" Chance will not do the work. Chance sends the
breeze,
But if the pilots sumber at the helm
The wind that watts us tow'd the port
May urge on the shelves. The steersmans part Is
vigilance,
Blow it or high OF low"
HON. ]. P. KENNEDY-SPECIE CAPITAL
IN THANKS THOUGHT NECESSARY.
The principal defect to be found in the Presi-
dents Exchequer plan, says Mr.. Kennedy in
his report, lies in its want of capital. This
appears TO us an amusing objection, coming
from that quarter We have never heard from
the political fnanciers of that school want Of
capital imputed as fault in bank. Specie
capital, above all, we have thought to be nearly
unnecessary. Credit is all sufficient The less
paragraph written by preceptor of the bank