Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1842-01-22

ed, here, at this late hour, project was c
presented as occupying an intermediate a
ground, and all men of all parties were call e
ed upon to come together and unite in sup I
porting it. '
For long week Mr.. NJ. had pondered
the project and had endeavored TO divest
his mind of every feeling but desire to t
find the truth. He had viewed the propo- {
sal. not like the advocate who had written
this report, but like an honest man, deter
mined to do his duty. And he was com
PEELED TO come to the conclusion that even
in the worst of times this Government had
ever vet seen, never had there been so bold
so reckless push for absolute power, as
was now unblushingly made in the paper
before the Senate. He repeated the asser-
ton. Never, never, in the whole history
of this Government, had there been wit
messed push so bold, or one which, if sue
cessful, must be attended with consequent
ces so vast, and so disastrous to the liber-
ties Of this land. With a Government pos
sessing power of patronage which, even
in the fc6blest hands, was of threatening as
pect to iiberiy-a patronage which. spread
ing itself like a polypus, insinuatcd its at
tenuated fibres through all the interstces
of society, and, by its tempting power, OPP
Grating to subdue all that manliness of prn-
ciple, that hardy virtue, which character
lied our iathers--to propose TO supcradd to
this threatening, this portentous amount OF
patronage the entire money power, and this
to be managed aad controlled at will by
: those hands which pull the wires and move
: the puppets of party--if he believed the
country was prepared for such q measure
7 as this, he should feel a depression Of mind
> which nothing could cheer; he should look
: upon his children with tears, and must des-
pair of the welfare of his country for cen
turtles to come.
n What a concentration Of power did it not
[ attempt to achieve! In the present pros
trate and down-troddcn condition Of our
t State banks-he spoke of that spurious and
n multitudinous herd which had sprung up
h under the misrule of late administration
# institutions rotten throughout and lettering
to their fall---if the Government should at
j. once furnish to the people paper curren-
= cy which should be in sound and genera!
J. credit, those banks would pop, one after
;. another, like guns discharging in 4 burning
!. ship, from one end Of the Union to the 9th
d er. This Government machine, tabrica-
L. lIIg paper ilkc tlio, was W si'I 'iIS UP ui'"
V the general blight and barronness as "a viv-
S flying and frucliiying germ" ofpubc pros
A. perity, Che used the language of the elo-
# quent author OF the report.) Yes--no
o doubt; and when it should have terminated
d and sprouted when it should have "pu'
,c forth its root downward and borne fruit
Q: upward while the whole land round abou
@, was barren desert; when it should have
r. spread its branches far and wide. and GOV
ST cred the whole land with its shadc--then--
l. oh, yes--then we were to lie down in tina
l. TRANQUILITY and rcpose" which the writer
,e Of this report thought SO desirabe-hc re
#, pose. the Stiffness Of an inexOrable, mean
is mercenary dcspotiSm. TO such measure
10 Mr.. NJ. never could consent: he would not
Y. should not Could any man trace the con
a sequences! What was the amount Of mon,
IF cy to be placed under the control Of this
rs new institution! 1t was to issue paper
ID circulation to the amount Of fifteen millions
:. Then it was to receive fifteen millions more
nj upon depositc. Here was at once, ar
y. amount of thirty millions Of dollars, enough
Jc Of itself to overflow the whole country
A and he saw no guards in this bill to prevent
lie the amount being extended to hundred
ne millions annually by It's dealings in eX
10 change. Should Congress establish hgl
II tariff, or even but a liberal tariff, whose an
II. nua inpourings should repIenish the now
to empty Treasury with an income of twenty
n, five million dollars, that alone might enable
II the Government to raise its head over the
V. dead sea Of our PROSTATE national credit, anc
e. waive the wand of It's power to the destruc
rs ton Of the public prosperity. But SHOULD
H. there be superaddcd to this new capital o
he thirty millions and the power to trade upon
he this to the amount of Two hundred million
IS, more, substituting every thing to its owl
he support, wherever the widespread ma
re chinery of this Exchequer should have beef
a. over the land, what chance could possibl,
Isl remain for the existence Of public liberty
ce Place man Of even moderate ability. an
ed Of thirty iive-ycara Of age in the Presiden
III tiaI chair; put in his hands this mighty con
cir centrat!on Of power, political and fisca
re and if he did not ride roughshod over thi
h, people for the rest Of his life; it must b
ed owing to his own virtue, and not theirs VIII
armed him with such an engine of oppres
w. sion.
at This capital was ia a strange condition.
hg Not mail reached it from any quarter G
We the country which did not bring cvidenc
re- Of real distress, Of the most appalling suffer
he ing. Our proudost cities, SO far from ben
'se exempt from the general lot, We're the yer
A. theatres where calamity was most severed
On felt. 1t would be an interesting inquiry t
nc ask how all this was brought about. NJ