The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-02-03
We have several letters from our London Cores
pendent, which will be attended TO without delay
Washington Correspondence of the Lo,ceu Courier

to his country from degradation and oppression,
| and to be the preserver of her liberties
The Exchequer is gaining new friends in Congress
daily. The first ebullition of feeling having passed
away, and sufficient time elapsed TO permit the NJ C's
to hear from their constituents evidence Is daily
given of change in their views This measure is
brought forward al of the most interesting periods
in the history of country, at time when by past
mismanagement our national treasury is empty when
the farmer is receiving for his produce prices hardly
sufficient to pay his expenses-when the exchanges
at so ruinous rate as TO prohibit commerce be-
ndistan points of our country thus reducing
the wages of the manufacturing operative well as
of the laborcr upon the land, to such an extent as
scarcely to enable them to furnish bread for their
starving families. These evils were believed by the
trainers of this measure to be susceptible OF cure
and with this object in view it was presented to
Congress.
The Bank and the Sub-Treasury has each its ad-
vocates doubt in most cases, honest Advocates
The latter has received the unqualified dsapprobation
of the people-whe the former is believed to have as
few friends as the other Each is urged upon the
country, for its capacity to overcome the evils under
which we now sutherland the friends of each mea-
sure recommend their fayorte the panacea appli-
cable to all. Scarcely doubt can exist in the mind
of any rejecting and well informed person that neither
of these measures is popular with the public, or that
either can perform the wonders so confidently asserted
by its friends. Both have been tried and found
wanting.
"In the Exchequer scheme Of the President and his
cabinet we safe and practicable agent of delivc-
rance from the evils which beset in the form of a
deprecated currency, depressed prices, and the long
trains of ills connected with them and we hail this
plan as the harbnger of prosperity and reposep By
the operations of this measure, ! have previously
shown, that exchanges receive all the aid that the
commercial interest requires-that the money OF the
people instead of being locked upin vaults and safes,
as in the Sub Treasury will be in constant circua-
on-nor, in the bank would ii be used for the pur-
poses of speculation, but, guarded il will be- is al
ways safe for the legitimate uses ot the Government.
Nor is the patronage of the Executive enlarged SO
much as it would have been by the establishment OF
either measure brought forward by the friends of
bank al the extra session Did time and opportunity
permit elaborate argument and illustration, erery
point here asserted could be vindcated by proof com
parlng the measure with those of the bills already
mentioned
But there are found those in each branch of Con-
gress who seem determined to oppose this BILL right
wrong and who care less for the promotion of the
public good than they do for the ACKNOWLEDGMENT OF
their own political friends This is the true reason
why we find men wide asunder upon other
political point the poles, agreeing to head
the Executive in this. They care not for the coun-
try, nor the gtoans and sutierings of the people
but their only care is personal ACKNOWLEDGEMENT.
In this way alone, do we account for the violent
speeches of Barrow, Mangum, and Morehead of the
party and of Benton on the other, while Bates
Choate, Prentiss, Phelps, Simmons, Evans, Gushing
Burnell and Webster, with host OF our other and
most patriotic statesmen have stepped into the breach
to defend this act and give it their hearty support
To their illustrious names, have no doubt may be
added another, name, the very mention of which
has caused tyrants to blanch with apprehension
ambitious and unprincpled statesmen 10 hide them
selves from the public gaze That name is the PEG
pte ay, the people they Will rightly discrimnat,
their friends from their foes, and defend them too
from the open or nsidous attacks OF unprincped as
pirans or designing demagogues.
The Letter to Gen Jackson" in the last Democratic
Review, hesitates not to tell him that the extent t.
which he allowed himself TO be carried, in the PERM
cous practice of political prescription dec
and serious evil" This acknowledgement is late il
the day, to be sure but we glad to it admte,
at all The deep and serious evil is seen and fel
when the poisoned chalicen has been, in raea
sure returned to the lips of those by whom it wa
once freely administered.
| We take the above from the Alexandria Gazette
fone thing than another ofthe evidences afforded
every day, proves the utter reckessness of party AM
partisan feelings, it to be found in the Remuneration
Of the hateful principle of prescription acted upol
by others, and the loud and Wholesale dcnuncation
Of the President, because he does not thrust out
office every democrat regardless of his qualification
| for and conduct in office Every will remembe
that the Executive was charged with treachery TO tn
! Wings because he would not comply with the wishe
of the office seekers, put Dick out and put me in
Thus making prescription of the cardinal princl
pies of the ultra Wing party. Yet political pro
scripon was deep and serious evil, as-oh yes, a
exercised by Gen. Jackson. President Tyler is, o
course, not only justified in doing the thing s.
| much deprecated in Gen. Jackson but charged witt
neutrality-suspicious. he refuses to prescribe by III
wholesale The ultra Wings say SO, and of cours
what they say is right. D." Consistency thou art
je1rei"-- old School Republican.
Death has again hurled his fatal dart at one of tn
worthiest men in Virginia. 1t becomes our melan
choly Office to state, that BENJAMIN HARRsoN, Esq
nc Ia cd
ing after an illness of SO hours respected by all hi
acquaintance, beloved by his numerous friends, ant
with large family whose happiness was wrapped
| up in him. Mr. H. was man of fine education, o
active mind, and of various accomplishments. Ma
nv wears have elapsed since he ceased to be candl
date for public life The latter portion Of it has beef
devoted to his large family, and to his private affairs
| He was the beloved nephew of General w. III, Har
rison, the late President of the United States-an,
he owned and lived at Berkeley, in Charles Cit
county where General Harrison was born " Wha
shadows we are, and what shadows we pursue ~ ha
| been said hundred times-but il was scarcely eve
more strongly illustrated than in the example o
| these two gentlemen. About this time last year
General Harrison was preparing to visit Virginia
and the seat of his ancestors crowned with honors
ardent with hopes, and about to fill the highest pos
in the world. No more gratifed to witnes
his succcssno mans heart beat so high at the ide
of welcoming his uncle at Berkeley, as Mr. Benja
min Harrison; and now, both the uncle and the ne
phew are swept off to the silent tomb 1t is mpos
sible to avcisstude of this sort pass before ou
eyes without the deepest regret, and species of as
constituent, which no words are adequate to express
Mr.. Benjamin Harrison must have been hfty-od
years of agc.-Richmond Enquirer.
/ We publish this day the bill presented to Congress
by the Secretary of the Treasury, for establishing
fiscal agency, under the name of the Exchequer o
the United States. II has been stated that this bill
contemplates the establishment of financial agent
fsm Was ed thp Trpa sur
system. But this is not the fact. This bill has thre
objects in view-lst, the safekeeping Of the pubi
moneys; I'd, the furnishing both for the Government
and the people paper circulation equal everywhere
to gold and silver, and of universal credit 3D. tn
means of supplying cheap and safe exchange be
lI.nn .I.l..