Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-01-06
RICH MOND.
THURSDAY MonNINa. JANUARY q.
The Globe concludes an elaborate article aeains,
Tho Exehequer, with the following advice to MIR

"S N'Soo SouSiuues an elaborate article against
Tho Exehequer, with the following advice to MIR
Tyler
Tho advice OF an honest opponent is sometimes
worthy OF consideration, and we would strenuou,lv
recommend Mr. Tyler to fall back on the honest old
Independent Treasury, which he SO rashly consented
to repeal. He is preeuded. by his declaration. and
vetoes; from approving Bank Of tho u. States
Inc n'tra Wings will probably accept no substitute.
ana the democracy consider that now presented "a
moro Objectionable, if possible than either of the
onefs' because, among other reasons, there arc no
um.'s whatever to ITS extension, and every extern
SION creates a lew debt. lie had better come buck
70 the Independent Treasury. The Fiscal Ascent
mas oecn now chris,ened several times and to avoid
ne charge OF inconsistency, the Independent Trea.
suIy may oe called by some other name"
30 TAR as we have seen or heard, the Globe In,
not affected any friendship for Mr. Tyler. In this
respect u constitutes an exception to the general
hypocrisy, which has marked the conduct of its
purity towards the President II has uniformly he'd
MN al arms'iength-it has moderated, to some ex-
tent, It's wontcd coarscncss and vulgaritv-bu, il
mas been hrm-it has held out no lures to His Ell.
ee'ency, nor sought by promises Of support to in
uuee MIN to betray the Party which elected him.
H. therefore, has right, without any imputation Of
pad faith, TO oppose MIR Tyler, and in the CAPACITY
OF an honest opponent" to give him advice. IL i,
tor Mr. Tyler to say whether or not he IN net upon
The counsel thus rendered. and uron terms distinctly
animated, that in doing he is to expcc, from that
paper and its party, support either now or here.
alter. de is considered to be in position in which
he cannot help himself. His own scheme finds No
hvor with either party. His conscience prevents,
him from acting with the Whigs-and he has no al
Tentative ESQ the Globe thinks) but to DISREGARD
consistency and party ties, and CO operate with the
Locos in re.es,aLlishing their exploded system of
tho Sub.Trcasury.
We are not aware, so lorg as Mr. Tyler's consei.
enee is so very embarrassing to him, tina, he eon
pursue any other course than that recommended IN
him by the Globe. Ho has substantially Sc, nj
naught the popular will-let him do so in appe,r-
anee also. Let him revive the system which he, in
accordance with the wish Of "a large majority of his
ooun'rymen, aided to overthrow, and let us once
more les, the question before tho people. Let us
ascertain 1t they really desire the destruction of
ther state instltutions-and hari-money for the
Government and SHIN plas,crs for themselves.
Our own decided belief is, that the people cannot,
ana VIII not submit to the Sub-treasury. Il was
tired for twelve months, and ii a decided failure
Its very authors could not enforce t-they thereby
virtually conceded. that it WIS impracticable. or
could not be executed withou, such ruin to the
country, that they burst take theresponsoili,v.
It's system abhorrent TO our institutions, and onlv
adapted to despo,ic Government. Its tendency ;s
TO make the rich richer and the moor poore,.-,o
agsrandlze the few at the expense of the MANY. and
TO make the rulers independent Of the ruled. Only
the harshest necessities could coerce the free peope
ofthis country TO submit to such a system.
But, as before observed, it is mprac,icable in the
present condition Of the country MIR Van Buren,,
experiment of it fully demonstrated this, The wbo,
year that 1t was the law, it was dead letter unon
the statute book. Its provisions were everywhere
usres'rded. The Government continued To en-.
ploy the State banks, and to receive bank notes-
not only without law, but in the teeth of the INV
The only possible mode of reconcilins il TO The peo
pie. would be 70 adopt it, to take effect some fftv
years to come,-to enable the country TO prepare for
H. 10 go into operation now would crush the larger
portion Of those who have contracted debts unde-
he existing expanded credit system. If Mr. Benton
Go really desire the establishment, of the genuine
'ard-money sub-Treasury, they should move for n
amendment OF the Federal Constitution TO the effect
that from and after the year 1900, the Govern
nent should only receive and pay out specie-tha,
he States should do the same and that no con,roc,
Or the payment OF money should be enforced in ,nv
court, State or Federal. IL one man credited, no
her, he must rely on that mans honor for payment
MS IS the only effective mode of bringing abou,
his great Democratic reform. Whether, when OH |
'ined' 1t will be worth the pains i, will cos, is
mother question.
But TO attempt to enforce it now, and upon an
embarrassed people, must prove abortive, and to
'e last degree mischievous-and the party which
nderiakes IT, will meet the same fate which befell
40 Locoiocos in 1910. II, however, Mr. Tyler
hooses 10 follow the advice Of the Globe, and will
'pent the experiment, We ready for The cues
on.