The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-01-10
THE TRUE COURSE.

THE TRUE COURSE.
The monetary distress of the country is loo
deeply felt to require any force Of language to
impress it, The conviction Of the disasters
peryading different sections needs no argument
for its nvigoration. The disease is known
what is now wanted is the remedy, and lis i'm
mediate application. While the doctors are
apparently busy in deep consultation what
remedy they should employer rather, it would
appear from the portion of their discussion hth-
erto, what remedy they should not appy-the
patent is condemned TO suffer pains needlessly
protracted by the learned dissertations of the
physician While judicious decision is highly
important, it is equally important that the action
should be prompt Does the course hitherto
pursued by our legislators in the Senate mani
fest that they, prompted by the cries OF distress
which must reach them from almost every part
of the country, are inclined to second the wishes
Of their constituents by speedy adoption OF
some plan which NAV restore the health OF the
currency? Day after day is consumed 10 pre-
mature opposition to the plan suggested by
the Executive, or in violent denunciation against
him and his constitutional advisers. If it were
necessary for the guidance Of the committee in
its Investigations, that opinions should be given
on the merits and dement's 81 the plan before its
reference lime sufficient has already been
Welded for the lulhlment OF that purpose, and
speeches, abundant in number and variety, have
been delivered. What is wanted now is action.
What end will be answered by prolongaton
of the discussion in the Senate? What is the
object either Of the argument or the declama-
ton? If the plan proposed is not adopted, eth
er entirely as it is, or with such notifications as
the Senate may deem necessary for its improve
ment what substitute will be offered for it? Do
the friends of the Bank still hope for the resusci-
tation of their favorite2 If such be the hopes
Of Senators, it does not appear TO be the wish
of the People. Surprising even the establish
ment of Bank possible by the consent OF the
different branches Of the Legislative authority,
we do not find that any one supposes it practical
BILE TO put it into immediate operation, and
even if it could be put at once into action, thai
it would have the power to furnish an immedi
ate corrective to the evils under which the coun
try is suffering. What object becoming The
dignity Of statesmen legislatng for great peo
pie is TO be effected by the acrimonious declama
ton which has disfgured the speeches of some
of the orators in the Senate They canno
hope that by the rejection OF the Excheque1
scheme they will succeed in fastening thei
own plan on the nation, and if they looked witt
the single eye Of patriotism to the interests of thu
people, they could not wish to do so. What il
required is an agent which will be prompt in thu
exertion of its influence over the currency no
one which, struggling into active vitality only b.
present aggravation Of the evil, will not hav
the vigor for years to exert the control whic
would be beneficial.
Surprising an incorporated bank sanctioned b
the express words Of the Constitution, its estat
lishnehta at the present juncture would indispu
tably both impossible and impolitic. What, ther
we ask again, is to be obtained by the furiou
defamation which has Of late rung from diffe
rent quarters in the Senate? We can perceiv
no other except the qualification of the malevo
lence Of disappointed wishes and expectations.
Granting the validity Of. the reasons assigne
in justification of the debate, it has already en-
dured long enough for the fulfment OF its pre-
fessed object The committee, we conceive,
already sufficiently instructed, in the views
Senators on both sides of the house, to enabl
it to enter on the performance OF IFS duties wit
the lights, that will apparently, at present,
furnished by the Senate
We will not controvert the assertion, whc
claims such purity and elevation OF motive 4
originating the dcbate-though we should ha,
been more inclined to give our credence to
had more candour been exhibited in it--had Il
onnos;,ion been less decisive and uncompromi
mo At all events, it is time that the discussiC
should cease for the present 1t is not preten
ed that any substitute will be offered for the b
cheoucr scheme, or that any amendment
notifications, will be suggested until II retur
from the committee. SO long, therefore, as !
debate is now protracted, so long positive aci
on the question will be delayed, and so lo
must the people wait for the incipencc OF an
tempt to relieve their distress. OF argume
and oratory we have had sufhcient-the IT
course now to be followed is to send the scher
10 the committee, so that the people may ha
the pleasure of beholding their Representatv
doing as well as speaking