The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-03-17

PMLADELpHIA, l4th March.
Mn. EditOr-Befors leaving your city gave you
to understand, that in journeying North and West
might possibly keep you advised ofthe state OF pub
lie sentiment in the different sections Of the country
through which it my pleasure to pass COM
then with Philadelphia The all absorbing sub
ject discussion here the currency II is particular
ly soust at this moment, growing out OF the c'rcum
that the Legislature has taken decisive mea-
sures to compel resumption of specie payments
The bill has finally received the signature Of the
Governor and has become law. The banks for
some time past, have been putting themselves IN a
condition to comply with the acquisitions Of the act,
and the just and reasonable expectations Of the COM
muny. Public sentiment would not longer tolerate
a state OF suspension.
All eyes are now directed to the Seat of the Gene
raj Government. The questions are frequently pro-
pounded What is Congress doing for the regulation
of the currency2 2" "WhAt do they propose doing
for the relief Of the country 2" Will they follow
out the suggestions of the Executive the passage of
the Excheauer bill. will they continue to suffer
their valuable time be spent in the frivolous discus
sion Of subjects which of moment to The
country 2"
From what can ascertain of public sentiment, the
people will not sustain their representatives in puf
suing such a course of policy. They demand the
speedy and favorable action of Congress upon this
subject; and without such action they will not rest
satisfied. The reports Of the committees upon this
subject are we'll received. That of the Senate, sub
mtted by Mr.. Tallmadge, and which goes more INTO
DETAIL Ito say nothing of the able report of the com
mttee of the House, of which MIR. Gushing s the
chairman has done much TO inspire renewed conf
dence in the minds of many regard to the entire
feasibility ofthe well dgested plan by which it pro-
posed to give to the country sound and healthy cur
rency without the aid or Intervention of old fash
toned Bank of the nited States. Here in this city,
where the blessed effects have been experienced grow
ing out of the corruption, the favoritism, and was
going to add, the rascality of the Bank the people,
mean the great body Of the moderate, candid, inte-
gent and patriotic portion demonstrating the mechani'
cal, commercial and mercantile ,casses-have no de-
sire to see such institution re-estabiished much
less its coruptng influence extended or pepet-
uated. They golor the Exchequer, believing that it
will give to the country currency adequate to the
legitimate business wants of the nation of equal value
inevery section oo widely extended cur
rency which knows 1uctuation, which experiences
no diminution in value, and which is free-entrely
free from the corrupt and corrupting influence of an
old fashioned Bank Of the u nited States.
will remark, in connection with this subject, that
members of Congress do not keep pace with public
sentiment, they suppose that the people desire to
see such an institution incorporated in preference to
the Board Of Exchequer recommended by the Exc
cutiye. m
am gratfed to find, sir, that the Administration
is growing and more in favor with the people.
The firm the NOBLE and patriotic stand taken by the
Executive has inspired renewed confidence in the
people, that so long the present incumbent is in
the Chair, the affairs Of Government will be wisely
prudently, and ably administered
The factious disposition manifested by the Senate,
or that portion of it which, for political considera-
tons, is thwartng the views and embarrassing the
action of the appointing power, is exciting the sur
prise and regret of the thinking and moderate
of all parties. The motive influencing them, seems
here to be fully understood and justly appreciated
1t finds no favor or approval among the people.
Here where the high character and standing Of those
who have been rejected known the conduct Of the
Senate is viewed sngularly nexpcabe if not unjus
tifably vindctive 1t has had the effect, you might
reasonably have supposed to rally around the Execu
who are resolved, in good earnest, to sustain him in
the faithful and honest discharge of the high and inn
portant duties with which he has been ntrusted by
his country.
OHIO