The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-09-10

expostions, Mr.. Editor, by interesting incidents
which, since my last number, have sprung up by
the way -side-incidents which have been ca!cu-
lated not only to arrest the attention Of the poll
tician, but the philosopher who takes pleasure
In analyzing the motives OF human actions AID
studying their moral ! have seen the severest
test applied TO our institutions, TO which they
have heretofore been subjected dominant
party in Congress, headed by an ExPresident
of the United States making furious and I'M
relenting war against ga President without
party" and falling themselves upon the very
weapons they had drawn for his destruction. l
confess myself not only edited, but animated,
by the spectacle and its finale. 1t has impressed
me more fully than ever with the conviction
that passion, and mere passion, is the most dan
gerous of counselors, and that, however it may
rave, and strut, and swagger, and buster, cool
and determined courage renders its rage impo-
tent | am inspired, atthe same time, with new
confidence in the sutficency Of our institutions
for all contingencies. The Ex-Presdent has been
overthrown, together with his Federal cohorts,
and the redemption of the country has been effect
ed in despite Of their efforts to prevent IT, The
large sums invested in the pursuits of domestic
industry are now secure, and the laborer may
once more calculate that his services will re-
ceve their just compensation.
Permit me TO congratulate you, Mr. Editor,
and the whole country, upon the signal triumphs
of the Administration in the midst of the tor
rent of obloquy it has had to encounter What
important results have transpired in the short
period of twelve months A war which had de-
solated, for eight years, one of our farest prov
inces, brought to close; an internal feud which
threatened the peace Of State, and which, if
not suppressed, might have involved the peace
of The Union, quieted without the necessity of
barring the Federal arm ; this great result accom-
pished by display of the moral power of the
Government alone. Differences OF fifty years
standing with the greatest naval power on
earth, and the settlement of which had baffled
the efforts of all preceding Administrations, hap
PLY brought TO close, thereby securing the
peace of the civilized world, and bringing in its
train blessings Of incalculable value and as the
closing scene, a system of revenue adopted
which, while it may not be all that could have
been wished, nevertheless furnishes the assur-
ance in its passage that the interests Of the coun-
try will predominant over the throes and convul-
sions of party, and the desperate game of party
leaders What remains now to give crown
ing glory to the national prosperity? We have
an extended territory, embracing every diversity
of climate and production. | have sometimes,
while Congress has been In session, been in the
city of Washington, and have saluted in
the same breath the inhabilant Of Florida,
Johns, from Maine, both having reached the city
on the same day. The one has spoken Of
blooming orange groves, and drawn the picture
of perpetual Spring, while the other has de-
scribed the impediments placed in the way OF
his journey, by mountains OF ice and OF snow.
He from the South was posting away TO the
commerci,I mart of the North, and he from the
North was rushing on the tide of speculation to
the cotton and rice fields and orange groves o
the extreme South What is now required TO
meet the wishes Of both2 Nothing but sound
paper medium, which being of equal value
everywhere will afford facilities TO trade, and
enable the traveller to tran sport along with him,
a standard of uniform value, wheresoever he
may wander The sad experience of the past,
has fully satisfied the country that this great
want is most doubtfully supplied by corpora
tons no matter under what name they may
pass,-and in my previous numbers have de-
monstrated, fiom the statistical tables, that all
that has been done by Bank of the United
States has been to balance seven years of pros
perity against fourteen of adversity-that the
value of all property and the avas Of all pur
suits cannot be safely committed 10 the hands of
those whose object is the greatest profit to them
selves, and their private fortunes their chief
concern. The country is now convinced that
the Directors of United States Bank are no
more exempt from the passions and feelings
which govern other men, than Directors of State
Banks, and that the money kings of bank dis
counts are but rag barons after all Mott is
the duty of the Government to take care of the
People, and the People will take care Of the Gov
eminent. There is nothing so important as
sound currency, and that the Government ought
to furnish. The People have right to demand
the performance Of this important duty, by their
public function ries who are responsible to them
directly for the minner in which it is performed
Those functionaries have no right to place in
the hands OF private colporators, what it is their
duty to perform themselves, and as there is
nothing so essential to all the ramiied interests
of society as the coming the precious metals, or
tho f,,rpiehipp n nhvtif Co. 81 -
no obligation so sacred, or responsibility so great,
which can devove on the representatives of the
People, as the manner Of discharging this high
trust. And it would be just as rational that the
Government should yield to private individuals
the power to coin money as the power to furnish
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