Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1842-10-28

sufficient abundance to elevate tne stdhudi"
of value from the dreadful depression 10
which it has fallen, and in fact to be ade-
ouate TO perform the exchanges oil trade and
value in our country. Whether this be
Bank of the United States, or an issue of
redeemable currency by the Federal Treas
ury. is not of so much comparative lmpor-
lance. as that we should have an abundant
and uniform circulation from some source
or other, which, making allowance for the
variations in the balance of trade, shall be
of equal value in New Orleans and Boston.
This circulation in the recesses of that
financial wisdom which is past finding out,
was destroyed by our friend General Jack
son, when he slew the Bank of the United
States, with the arm of Samson, and almost
with the self-samc weapon too, when we
fecollect all the twaddle of the old gentle
man on this subject. He, as Burke sald,was
certainly 'consummate architect OF Kun,
in his time and tide, aud had the happy fac
uty of impersonating a corporation IN his
minds eve, for the purpose of hating 1t as
cordially as he once did YOU and MIR. Pom
dexter. When, therefore, MIR Bddle entered
into contest with this hero of two wars, he
forgot the wisdom of the Spanish proverb,
"That he who sits down to dine with the
devil should eat will, long spoon" What
has been the result of this feast in broken
meat and empty plates, you well know. IL
has left our country palsied indced--hungry
in flesh and poor in spirit. | doubt, since
the creation of the world, whether such an
example can be exhibited as we have pre-
scented for the last sixteen years Of folly and
- NI,,, g.,r,. sf,t,II
permit his plantation for one hour to be gov
erned with such lack of all sense and pro-
violence. The CalIrar aud Hottentots, in
reference to their condition. | doubt not,
have been governed with policy far more
yigilant aud enlightened. A country of inn
mense resources in period OF profound
peace, on the verge of bankruptcy. Any
man who will read IIume's essays on Pub
lie Credit" and on Money" can be at no
loss to trace our present condition to It's true
cause We have been suffering ever since
General Jackson destroyed the Bank OF the
United States with the exception OF short
period of distempered mutations created by
his own measures) under steadily dimin-
ishing circulation, which the eminent phi
losopler to whom | have referred has de-
CldTtu W NC blC VI lIt NOiSl 'iu'
can befall Il civilized country-fnr more dis
astrous ethan the continued blight of unGa-
vorable harvests and seasons" The resul,
has been first in the constant action of the
Federal Government, or their supposed med
itated action on the Banks of the States
which created universal panic, that has
compelled the Banks to withdraw their cir.
culaton, and next the General Government
permitting to remain in criminal allegiance
their sovereign function to supply currenc,
equal to the wants of the country, and tC
"rcgulate its value"
The consequence is, that the States have
nome to'pay win abr0G5 credit ~py Species =
property has f.'',u rom fifty to one hundred
per cent, and the standard of value so seri
ously disturbed that man in 1889 nigh
have had property to three times the value o
his debts, yet he is now pSO factO ruined by
the silent transit of our country from re
dundant circulation to what some are pleased
most lelicitousy to call hard money cur
rency-when the fact is that we procure nei
Their that which is hard, or soft
BY this alteration in the standard of value
revolution is in portentous progress in oul
country, as wide spread and desolatinp. a:
lar as property is concerned, as that which
distinguished and illustrated the masterpie
ces OF human policy of the Robespierres
Dantons and Marats of another Inflated
country, which in its time was governed b,
its demagogues too, who made paper none,
so thick that it showed assignants in thestreets
of Paris, and then turned round and burnt
IN their phrenzy their own handiwork.-
Look, my dear sir, at the thousands and tens
of thousands of families that have been ruin
ed-that have had unutterabIe woe carried
INTO the very bosoms of their houses, by the
nostrums OF our political quacks, who, in
their senseiess war on the very banks they
created, gave no time Shy the preparatory
revolution Of the intervening discords" for
the country TO pass from period of expan-
sion to Que of severe and arid restriction
TO those who have been ruined in these I'M
happy times, whole estates have passed un-
der the tender grippe of the sheriff, the moral
justice of General Jackson's memorable
apothesysm will be but dry crust, ''that
those who borrow money ought to break" a
doctrine out of which their creditors are like
iy to derive as little comfort as themselves.
although it must be admitted that the Gem
era tried all he could to secure this BLESSING
to the country. But, my good sir, the day
OF reckoning must come. The account
will be adjusted now or by posterity hereaE.
ter. One of its first sums will be to settle
what the victory of New Orleans has cos, us.
These are generally expensive pageants any
how. Bonaparte probably never achieved
one FOR LA Belle France, except to the tune
oftwenty millions of francs-to say nothing
of the lots of "cracked crowns and bloody
noses" he left on the field of battle,
But his victories, in cost, were no more
10 be compared to the victory of New Or
aaaha than a nannU Whistla is 10 no.o,, NJ.