The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-07-28
THE TREATY.

lie particularly when some are so ungenerous
as to receive every idle story ahoat that is pre-
judicial to the honor Of this Government, and
on thus building up arguments to meet points
which do not exist. The full terms of the treaty
can not, at this monent, be made public, and it
is folly to imagine that the Commissioners have
all been bribed, and thus induced to barter away
the rights of their country for British gold
1t is not only extremely unfair thus to pre-
Judge case, but it shows disposition to make
that party question, in which an equal num-
Der of the most prominent and distinguished
gentlemen of both political parties have had
their full share. Party considerations have
been happily obliterated in this negotiation; the
Governors Of Maine and Massachusetts have
appointed, as Commissioners, gentlemen avow
edly at the head and front of each larty.
If the treaty is to be condemned by the Peo-
pie let the People doit of their own free will
and accord, after they have become fully
quainted with all its provisions; but do not put
party arguments in the mouths of party braM-
ers, that they may ring the changes promiscu-
ously from bar to bar and brothel to brothel-
If the treaty is unjust to the Federal Govern
ment, or to either of the State Governments
the People themselves will soon discover the
imposition, and the censure will fall where 1t
rightly belongs, on the heads OF the Commits
soners; but, as they are divided in political
faith, so must be divided the condemnation for
their mutual act.
If any unjust proposition was made to them,
they each had their party papers, and State Go
vernors, through which, and to whom, they could
have made known their grievances: but we
find that, instead of any cashing of interests,
they have consented unanimously to the treaty
stpulatons. Under the circumstances, we re-
peat that it is extremely ungenerous, and dan
gerous, too to attempt to involve any Of these
gentlemen in difficulties which, had they con-
templated at ALL they never would have accept
ed their respective appointments
They were selected not only on account of
their prominent position in different parties, but
also for their honorable and distinguished repu
tation at home and abroad. For either party,
to condemn their mutual act, is 10 attach the
mputation of dishonor to the assailing party.
To receive as true every unfavorable report that
malice chooses to fabricate, exhibits disposi
ton TO sacrifice best friends so that party can be
benefited. All such assaults must recoll upon
the head of the inventor sooner or later
To the rejecting portion of the community
we say wait until you have seen the treaty be-
fore you condemn it, Be not influenced by any
er parte statement manufactured for political
purpos es, and by those who are predetermined to
turn the treaty to political effect, be its provi-
sons ever so excellent and honorable.
The Democratic Senators were the first to
applaud the Creole Letter they were the first
to praise the recent Mexican Correspondence );
and if it should turn out that they are likewise
the first to applaud the final and complete set
clement of all our difficulties with England,
why then we shall expect to find the Globe In
state Of collapse the next morning.
THE BANK AND THE EXC HEQ UER.-No. H.
1t has been seen from my first number how de-
ceptous was the hope Of obtaining realization
of Wing promises from the incorporation of
bank-the same promises were made from 1911,
when the charter of the first bank expired, to
1916. when the late bank was incorporated.
sound currency was promised, and yet seven
years elapsed before this promise began to be
redeemed The exchanges were all to be regu-
lated, and yet they were never more disturbed
or disadvanageous to- the country than during
that period Let any man look at the table of
any price current then extant. The exchanges
ranged from l-2 per cent to 10 per cent, de-
pendent on the distance between cities. No ad
diion was made to the circulating medium, and
all who lived from the year 1919 to 1923 Will
well remember the heavy pressure upon the
community and every branch of industry
Town property particularly deprecated; lots in
the different cities fell from enormous prices
down to prices merely nominal. Richmond, in
Virginia, suffered the most severely of all places
north of Alabama thousands were reduced to
poverty, and yet United States bank had been
in operation for from three to SIX years. What
more the country could promise itself at this
time from similar institution has already been
shown and yet how many thousands of I'M
thinking men really believe that bank is the
panacea for all the evils which afflict us ! How
busy is the demagogue in his efforts to give an
extensive spread to this opinion The press IS
actively engaged in the effort and thousands
who never saw any thing but gross violation
of the Constitution, in act OF incorporation,
now make themselves hoarse by shouting for
bank.
The human mind is most extraordinary in its
structure. The ills of any system make but
slight impression, while glimpse of benefit is
never forgotten. For seven years, commencing
with 1925, and terminating with 1882, the hank
was prosperous specie payments had previous