Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-12-03
COL. ACKNOWLEDGEMENT TY-
LER-THE EXCHEQUER.

vember 1871 (when the great Banker visited
Washington for that purpose and which idea the
champion gave 10 Mr. Tyler, who presented it TO
Congress, and where killed it in Que speech
tits to he brought to life and presented to US again.
This Exchnuuer system is the progeny o. Biddle, |
and the substitute for National Bank, and the
new contrivance to put the credit and the reve
nues Of the United States in the hands Of the
men and Of the party who plundered widows,
orphans men, citizens, foreigners, nations.
States, rail roads. canals, and local banks, Of
about one hundred millions Of dollars"
We are not the advocates of President
Tyler, and under ordinary circumstances
would permit the declarations of COL Ben
ton to pass for what they are worth, but as
the letter from which the above extract is
taken has become somewhat notorious in
this State, and may be published elsewhere,
we feel it duty to introduce the few re-
marks we intend to offer by the oft repeat
ed and unconiradicted declaration that the
private character of Col Benton is impure,
and all statements resting upon his veracity
required to be strengthened by ether
names. This is not only fact, but history
in this State, and the sooner it is generally
known in other portions of the Union the
better.
Upon our veracity we do not believe
there is single truth in the above extract,
and it was evidently thrown together in
the general spirit of depravity and reckless
ness which controls the action and conduct
of our Senator. We do not believe Mr..
Tyler got the idea of his Exchequer from
Mr.. Bddle, and feel satisfied he did not
visit Washington in November, 1871. for
"that purpose" because that would imply
an invitation from the President;-but pre-
fer relying on Messrs Webster and Spen-
Ger, who both pronounce it the work of the
President, aided in some degree by his con-
stitutional advisers. Mr.. Benton, we be-
lieve, knew Mr.. Biddle to be unpopular in
this State, and hence the use of his name.
We do not believe the Exchequer to be
a "contrivance to put the credit and reve-
nue. of the United States in the hands Of
the men and the party who plundered wild
ows, &c, of about one hundred millions of
dollars" and without pretending to screen
the men who were concerned in the des-
tructon of the Pennsylvania Bank Of the
United States, must be permitted to de-
clare our solemn conviction that no party in
this country was concerned in the plumbers
alluded to. The old Bank of Missouri was
defrauded and literally robbed by men. and
Col. Benton is well known as one of the
consprators, but no writer in this State
has undertaken to fix the guilt of that
transaction on his Pa'ty and doubtless ma
Of their champion to faslen upon enc of
the great parties of the country the guilt Of
few men in Philadelphia.
We do not believe that Col. Benton
killed the Exchequer lin nne speech" or
that his speech had any influence with the
majority in the Senate that refused TO pass
it. But we beieve-at least hope-,hat
the men who did kill it. seeing there is no
possible chance for the adoption Of anv
other measure that will afford a cir
culating medium and regulate exchanges.
will retrace their steps. and be instrument
tai in giving US the best facilities in their
power to relieve The general distress and
embarrassment under which we are suffer-
ing. 1t is not the choice of our party, but
many rejecting and intelligent men consid-
er it measure which will 60 far to regu.
late existing wrongs, and that, under the
circumstances, it is the duty Of Congress
to adopt it.
The Wings are in favor Of a Bank
which is objected to by the Democrats.
because, as they say, of lis power TO loan
money, and thereby expand and contract
the circulating medium at pleasure. The
Democrats favor a ub-Treasury, which is
objected to by the Wings, because it locks
up the resources of the nation and of ne
cessity furnishes one currency for the peo-
pie and better for the office-holders. IT,
then, the Exchequer is ee from both Oh
JectIons, as is argued by its friends. and
will furnish a safe paper medium, sufficient
for the prudent wants Of trade and com
merce-will safely keep the treasure of
the nation--regulate and harmonize the
exchanges-then It would seem to be The
duty of Congress-as nothing else can be