Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1842-12-15

Che ZpWetab,.r0 a'ir9tuiau.
THURSDAY. DECEMBER ID. lsi2.
THE PRESIDENTS MESSAGE.

IN 1t but little 10 dsapproye either in matter or nanner
point OF ability a rank among our best Stale pa
l"ts-eVihcih2a higher order of ia:elrct than we
nave gwen MI ylef credit for That matter. howev-
er is unmporiani aud we do no, feel disposed, by
dwelling upon H. 10 wcakon the force of the compliment
'ary femaFk 10 which ii Is emil led and which we have
ohssfidHy made. Indignant az VIZ are nj Mr. Tylers
eonuettowards the Wing party and holding his lrcachery
~ unqualified ab,orronce we arc nevertheless no, dsno
sed To withhold from him the praise to which, he i, lust
" entitled, for the statesman like DIGNITY and MADEIRA,
ton OF tone o his Annual Message and fr tho cescisc-
hess and Persincny with which he treats The various
subjects upon which he has touched We do not mean
to say t there not opinions expressed in thai ,c
nmen IN which we do not concur. or that there are no
recommendations made in il 10 which We cauno, give
our assent but even in the expression Of those opinions
and recommendations he docs not exhi, a spirit Of Of
trnslye dogmatism. but manesis snel Difference to the
sentiments Of those who differ with him. As to en,i,lc
them to the most respectful consideration and then au
thor to the reciprocaton Of his courtesy.
The point upon which we most mn erialiy difr with
Tie President Is his famous Exchequer scheme. designed
TO supply the place Of fiscal agent for the government,
ana 10 furnish the country with paper medium of cir
cu'anoh HIS defence ofths scheme is plausible though
Or'' YET while we concur with the National nclli.
gencer IN adherln5 to the opinion. which expressed
last winter. that Congress would prdcnty in adopt
ing 1t. "ndcr rrisg circumstances. original objec
tons to it are by no means weakened aiatcd When
the scheme first presented by the Secretary of he
treasury, we took ground IN favor oi its adoption not
because we believed it would answer the wants of the
country, or because we deemed it free from serious and.
wegly objections. but because. in the existing state OF
things, National Bank, which in opinion is the
"HY Sca scheme that can ever restore permanent prs
Pry to the country cannot be chartered and the ok
chcqucr, which alone receive the Executive sane.
ton. may be rendered nearer akin 10 that measure than
any other that has been suggested We occupy the
position Notwithstanding the suggestion found
but little favor with the large body OF the Wing party
then, and, for aught we know. may find as little now
We are happy, however, have thi. point, the con
nucd Of the able an sayacloas Editors of
the National lntelgencer-whosc comments on the
Message, which copy in another part of this morn
in3's paper, 50 nearly aseo with onr own sentiments
throughout. that by alopin. them find it tho less
necessary 10 offer heightened commentary of our own
But to return to the Exchcquer-whcl Mr. Benton
told the other day, he had Killed las, winter by So
single speech" he did, he now percoives that its
ghost appears upon the siage-anl ii may be that he
will find ii m IRE diff u 10 lrY the spirit than il was to
despatch lis mortal counterpart. " feel however,
especial interest in its fate, farther than ths-that
believe the situation of the country calls loudly for the
adoption of SOM fiscal schcne AMI that. consequently
1t is the duty of nl1rty of tho repres eaalves of the
people. II they cannot procure the adaptln of that
sure which they believe aioae adequate To the wants of
the country, and alone Iosiore that prosperous
condition from which II Las been hurled by series OF
rash and fatal experiments 10 adopt other schen
spproNmang most nearly to that which they desire,
aud having the least resemblance to the great antagonist
measure of their opponent,-ihc Sub Treasury
One of the chief grounds of objection the Sn, rrea
sny it will be remembered was, that it proposed to
throw the country, by rapid stages. upon exclusive
specie circulation objection which the President
ges as constituting still with him decided objection to
that melsure-and, by urging which he will doubtless
give fresh impetus to the demonstrations OF hos
ty towards him from the L,cofoco leaders, whom he
has made many and such disgraceiu Efforts conci
late. This objection does not apply to tho Exchcquer
srhcmoOn the contrary, pr poses to furnish paper
medium of circulation based upon specie, in the ratio of
3n funded upon the revenues of tho government and
rendered secure from depreciation by the pledge
OF the faith and credit of that government for its nt
mate redemption. Yet this proposition constitutes with
the most Objectionable bocausn it is in fact the
dangerous feature of the plan. To the extent oissng
notes for circulation money. il is Batk--a Gorcrn
meni Bank, Gas it is also in another feature, auhori-
zng it to dtal in Exchan,e s) And. although does
not possess VIVA, Mr.. Tyler wont To call ''that obi
ous faculty of disconnng, yet We cannot conceive how
Mr. Tyler consistently recommend such measure,
in the face of his Of the second Bank bill, in
quence of tho provision relation to erch tnges which
be identical in principle, if nat in detail
with one OF The most Landed features of the Exchcluer
We opposed to comforting upon the government the
po> to issue circulating medium all for. 'llhough
1t may first be restrained issue of fifteen millions of
dollars the temptation 10 augment il, rather than resort
to taxation loans. will be almost irresistible hereafter,
until the county will be l,oel with ireecmablc gov
crnmcnt p,pcr,-as worthless much "bank trash
and shall have edition of the French Assig
mats, and ofour Continental Notes, worth 10 The holder
not cent to the hundred dollars. Yet with all Oh
ecions TO the scheme not indisposed 10 try the
experiment -becauso We believe that any system pro
m7orc is better than none and because the dangers Of
this s,c will probably never be realized because of its
pro icp'pore character. II pass at all it will be
alternative and not choice; and will be repealed I'M
der the next Administration, to supplied bya Nation
al Bank, should the Wings prove victorious in the
Presidential campagn.-orb the Sub Treasury. should
the I,cof,co trunnl We are however willing tn