Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1842-10-22

dIsas IGous than The continued blight Of unfayor-
able harsesis and seasons. lbis result has
been inst IN the constant action OF the Federal
G1Vernment, their supposed meditated action
on the Banks Of the States, which created a uni
sersai pane, that has compelled the ia nks to
withdraw their circulation, and next the General
Government permitting 10 remain criminal o.
hey ahce their sovereign function 10 supply car
rency equal 10 The wants OF the country, and ''lo
regulate rs value
The consequence is, that the States have no.
thing ia The shape of credit, or money at home
TO pay with abroad. Every species of property
has fallen from fifty to hundred per cent.
and The standard of value seriously disturbed
that man 10 1899 mi ht have had property to
three tunes the value of his debts, yet he is
tpso Jacto ruined by the sent transmit Of
country from redundant circulation to what
some pleased most ieicitousiy to call hard
money currency-when the fact is that we can
procure neither that Inch Is hard soft.
BY this alteration in the standard of value, a
revolution is in porten,ous progress in country
as widespread and desolating. far property
10 concerned, that which distinguished and H.
Illustrated the masterpieces Of human policy OF the
Rnbespieres, Dantons and Marars of another Ill
fated country, which IN It's time governed by
It's demagouges too, who made paper money
thick that showed signats in the streets of
Paris, and then turned round and burnt III their
phrenxy their own handy work. Look, my dear
sir, at the thousan ds and tens of thousands of fam
ives t1at nave Deen TufneC-tHat nave nan unut-
ierabie carried into the very bosoms of their
houses, by the nos,rums Of our political quacks,
who, IN their senseless on the very banks
they created gave no time "by the preparatory
revolution OF the intervening discords," for the
country 10 pass from a period Of expansion 10
of and arid restriction.
To those Who have been ruined in these unhap-
ply times; whose estates have passed ulder the
tender grIpe of the sheriff, the moral justice al
General Jackson's memorable apotheysm will be
bu, dry crust. ''that those who borrowed money
ought 10 break, doctrine out Of which their
creditors likely to derive as little comfort
themselves, although II must be admitted Tint the
General tried all he could TO secure this blessing
TO the country. But, my good sir. the day OF reck !
oning must come. The account will be adj ed
now or by posteriiv hereafter. One of its first
sums will be to settle what the victory of New I
Orleans has cost US. These generally expen-
sve pageants any how. Bonnparte probably
er achieved one for La Belle France, cxcep. TO
the tune OF twenty millions Of trarcs-to say
no, hing of the lots of .'cracked crowns and bloody
noses" he left on the field Of battle. Du, his VIC
tories, in cost, more to be compared TO the
victory Ut New Orleans, than penny whistle is
TO Baron Manchauseu's celebrated clarion under
an April ,haw. | calculate that the victory of I
the Sth OF January cost 300 millions Of dollars,
besides the small expense Of entailing upon the
country, "a set Of driv eers, whose folly has taken
away all dignity from distress, and made even ca
Yuu will say hold. You and are greatly re-
sponsibie for this hero's getting Into power Yes,
i. is true. willingly would exp'ate his sin, sir,
with my blood If 1t could recall the fatal past
But this is impossible Let US look with cour-
age, and resolution to the future. I believe you
have, YOU had at the close Of the late war, the
resources Of mind nnd spirit 10 'Ift the country
out of its present deep decadence. Yes. my dear
sir, believe your ambition and your genius are
on a level with all tina. was great and glorious IN
human action and enterprise. The field is before
yOu-'ske tho lead In some great public measure.
whe Their i, be a Bank of the United States, an
Exchequcr agent IL lmmateriul, SO that !, shall
restore confidence, invi gorate industry, give TO
us abundant, sound, circulating medium. md drag
mp from the deep the drowning of tho credit States.
DO this and if the first honor Of the country does
not await you, its last blessings will res, on your
fame.
remain, my Dear Sir, with sincere esteem,
Very respectfully and faithfully yours,
J. HAMILTON.
p. 81 shall be ont in the next Halifax steam
err and hope TO confer with you the subject Of
this letter on my arrival IN CaroIna.
MARI,iED-On Tuesda mornlrg last, by the