The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1842-01-14
From the ". I, Evening Post.
THE FISCAL AGENT.

So''"S "suD S'ns'''u'o''' y -
SIDE the consideration llmt IL VIII not uh" o"""o'
regulate either currency or exchange, me TWO se",
objects which are alone relied on IN Justification OF
the measure; and iorbearng TO ah''tPale any o'hef
objections founded on The DEANS ""'c" may mere
alter be disclosed, enough Is "',c"'y H''oWn 10
mark It win the solemn Ie"op"''o" VI al muse
who are sincerely ut'achcu u oon'oe''''c P'l"C'-
pies ana polIcy'
1t converts the government of the United States,
through the instl unenaIity of It's immediate agents,
into an instrument and accomplish in extending
and perpeIuatng system of paper credit, which
it is the end and aim of the democracy to crcum-
scribe and reform. lnsteud ol regulating the cur
rency, it will add additional millions of promises TO
those already broken If carried into operation,
will at once contribute fifteen millions to the pa
per circulation of the country, and as many more
afterwards as may be necessary TO carry out SOM
nibus bills" and the log rolling system IN Con-
gress 1t would be easy 10 show that the means
relied to furnish specie basis tor this great pa
per excres,ence are uncertain, mot to say aOgetb-
er CalMciuus; that it will be composed of nothing
but paper and entirely dependent on paper for lis
existance, But this we shall leave to some future
OCCASION We are dealing with principles, not de-
tails
The radical and insurmountable objection to Mr.
r,Ior,s srbemo or fnonce i. that il constitutes an
IN.
,rv where II has been adopled, except England
has lodi to national bonkrun,cy through means of
,,,;o,L nrodi,,li,v And hu,y il il operating at
,hs momrn, IN ENGLAND, There, indeed, it con-
,iones +, snuucr along under its load of countless
n;lI;nns huI ut every step brushes hundreds of
,hnns,nds If bnmon heinz, 10 The euth: begaars
;nJnsrv. renders i, ut,erlv mpossble for the most
nnreni,,inu ,oil. the most sordld economy, the
mos severe self denial TO ward orabsolute staryu-
,ion and in CONJUNCTION with its twin associate, the
,r,,,.,iya sys,cIn does the work of plague, pesl-
lance and famine combined The power to create
,he means of extrayannce BY paper issues, when
,vniJsI h., the government, will inevitably lead to
,ho yerv conse1ucnces resulting from "A similar
nnvor lodcpd in The hands of individuals since they
ra oornu1 ,ss,iel Inv The same foundations #
l. =, inpyn,us,ihle fountain of prodpaIity in rulers,
and If poyerly in "A large portion Of those Who are
ruled 1t enrlches the government while 1t ex-
hauls the people, and generates Il splendid short
lived phantom Of empty prosperity; country
marching onward in the career OF glory, with star
wing multi,udes in lis train, and famine gnHwlng MS
viias. We challenge the advocates OF THIS system
of anticipating the resources ana revenues OF II
country, by borrowing money or what Is lar more
peruclous, making our money out OF nolhlns as II
is wanted for ordinary cSpendInas-we delV them
10 produce an instance Ola government resortlng to
tional bankruptcy, or wha, we consider still worse,
in n spectacle like that at this moment exhibited
by ENGLAND, where the system is sustained at The
expense of IL widespread distress among the la
boring classes such as Is seen in no other country
under heaven. Public bundens proceed IN one
uniform direction. Those who nillct them take
good care to relieve themselves from their due por'
ton by some ingenious device of legislation, wnicl
eludes the sdgacIly of the people, and entities then
in addition to this, to reap the irul, thus pIuckct
from the abors of others. These burdens are
tossed down stairs, step by step, and by Il progress
as rapid as unseen, quietly dtseGhued 10 'ne no'
tom, where they remain WIN al 'ne'F acCu!luo'l,!
ns2rn't'oh'' INV" at 'c"I.' ''''' "''."
suslain' them ALL re'oi'S from me h'o'c'"oc '"""
and resorts to HE only re'n'dI le''' nn "pP'",
the Lord OF Hosts IN defence OF 'hc ''s"s nc "''
vouchSnied to all h'ah"'ho'
Our Chief Magistrate, ho Never, apprehends NJ
danger glOm the Government of the United STATE
sdtllng up the business Of hro"e' ana h'nu'dc
tnrer Of paper-money by deputy, with a snaU cap
ital Of SIS, GOA, 900 to begun with II. lie SllS
ga fear b. INDUCED that the government may Vi
tempted to run into excess IN It's Issues al som
future period, it seems to me 'ha' no such oPP'G
henson Can be reasonably entertained, u"'i' III
confidence in their representatives OF me states ah
the people, as well rs in the people themselves
sluli be lost A lUS uuNs p'huS'S' '''N"S''i ~
thpnry hut we confess the guarantee IL not salts
factory TO our minds. We can only judge of III
future BY the past, and estimate what is likely IL
happen by VIVA, has already happened in slniIa
cases. We hive already referred 10 the cSa'uPl
of every other country, aud that of Eng Iand'
mus, be made an exception, rather strengthens oU
position. As that country now presents Itself +
The contemplation Of those who prefer humn
bapplness to national glory, obtained only by II
sacrifice, we believe none will deny that itwoul
have reen FIR better for the great mass OF English
men had their government become bankrupt
century aro
-, ho,,o ,yo sh,,I find in our hi,
We 'oJt =" :, ;n,,;cy Tho con6jcnce Of the al
hIS'o'i NV w. W. cnn distinctly refer
Inor VI ,''o a.,I;, L,, H., p,o,;nce or Mas
the Issue oil ' yea u' PREVIOUS to The rcvono
" nhnh rss" " IN bnnI ,, eventually Meth,
"n''u 'osu''eL -, il. h;Ils IN ,hc deporub