The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-03-21
WHY IS NOT SOMETHING DoNEq

The course pursued by Congress with rele-
renee to the currency Of the country, is calcu-
lated to excite the most painful surprise in every
months have elapsed since the meeting of the
National Legislature, and Notwithstanding the
sufferings Of the country which is bleeding at
every pore, nothing has been done to alleviate
the distresses that call for remedy from
every quarter of the land. Can it be possible
that in country like ours, Astounding in re-
sources, there is but one measure which can af-
ford relief, and that, during time of profound
peace, there can be found no expedient which
shall restore the Frustrated energies of the body
polite If hundreds Of millions were required
TO meet the exigencies of a desolatng war there
could not be, Judging from what we see, a
more utter restitution Of ways and means
TO provide for the emergency, than at present
exists. 1t must be admitted that the ordeal to
which the business interests of the country have
been subjected, has been fearful one, but sure
ly with apopulation Of seventeen millions noted
for its enterprise and intelligence, something
might be effected that would infuse new life and
strength into the People, and place them on
footing of comparative ease. The bill charter
ing Bank has failed to receive the Execut We
sanction, for reasons which even the most zeal
Gus advocate of such an institution must respect,
inasmuch as they have their origin in consc-
entious conviction that the exercise oflhe power
claimed is not sanctioned by the primary and
fundamental law of the land Surprising how
ever, that there existed on the part of the Presi-
dent no scruples Of conscience in the premises,
is there an individual, and who has had an oppor-
tunity of observing the manifestations of public
sentiment on the subject, who can bring him
self to lelieve that such an institution would re-
ceive the confidence Of the mass OF the constitu
ency of the country? We think not; aad there
fore we regard the Bank question, whether it be
of Whggish origin or not, as permanently and
rrevocably disposed Of Judging from the va
riety Of plans suggested by members of Con
gless, each of which has its little clique OF advo-
Gates, and differs in some point or other from
the scheme presented by the President, there
might, ifproper exertion were used, be some
thing compiled that would meet with general
liberation, if not appreciation. We say tolerd-
ton, because we think that matters have come
TO such pass, that any scheme which could be
borne with, would be infinitely preferable to the
absence Of all provision whereby the fiscal con
Germs of the Government might be conducted,
and the currency regulated Whatever may be
the preferences of gentlemen for their own pro-
jects, is their pride Of opinion great that they
cannot mutually yield something for the good of
the country, and unite upon a plan that shall
embrace the prominent features of all. To this,
however, an insurmountable difficulty seems to
present itself, in the backwardness manifested
by the orignators Of these plans, to assume the
responsibility Of testing the opinion of Congress
on their respective schemes. They profess to
think that their plans good, and yet are afraid
TO make any formal movement in their behalf,
and the consequence is, that the whole mat
ter remains in state of ruinous uncertain
". In this dilemma we would venture
to offer an alternative. As before stated
all Of the plans talked Of, we can scarcely say
proposed, agree in greater or less degree with
the project which emanated' from the Execu.
tive, and if there be differences, they consist
not so much matters of general principle as
of detail Now, we would suggest that in or
der to relieve themselves from responsibility,
and to cast the odium that might attach, in the