The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-02-04
FROM OUR CORRESPONDENT.


FROM OUR CORRESPONDENT.
LONDON December g. 164l.
send by the packet which sails tomorrow an ex-
tract from the London Morning Herald in which
will be seen, part the fruits of Mr. Clay's move
ment in his attempt to head Captain Tyler. The ca
umnies then Illuminated against the President have
been seized upon by the enemies of our free nsttu-
tons here to cry down every thing American. Indeed
that portion of the American press which has most
influence this side of the water, and which affects
to be, par excellence the advocates of American Gre
dit, are doing more, much more than those whom
they so bitterly denounce as its enemies could do to
destroy it.
Thus, for instance, certain presses denounce the
Democratic party and say that if in power they will
repudiate the State bonds-they will refuse to pay
the interest on their State debs-they will all
the works of internal improvement they are the
agrarians, disorganizer, &c. &C.; and, when the
elections take place, and the Democratic ticket is
elected the enemies Of American credit on this side
of the water cry out and cite these American papers
to prove that the Americans are all set of " s,cin-
der, y that although there may be few honest
men, such John G. Adams and Henry Clay! yet
they much disguised with Democratic misrule
that they retire in despair,
No patriotic American, on this side of the water
is willing to recrmnate the public men or on the
editors whose party mania prompts them thus to assa
the character of their own country. They feel how
cruel it in those who, for party purposes assa the
cause of civil liberty by eliminating free insti
buttons, and mourn with the friends of liberty here
that it but it is for the Democratic press in the
IN hiatt oh
Democratic party are calumnious that no party in
any country have higher veneraton for the validity
of contracts, or DESTROYS Of preserving the
public credit.
1t was the Democratic party who provided the
sinking fund which absorbed the national debt of the
United States. The Democratic party are for a
cheap government because they intend to protect and
preserve the public faith Ifthe Democratic press in
the United States will take this question up and the
Democratic Legislatures in the several States espe-
cally of Pennsylvania, Maryland, New York. Illinois
and Indiana, should adopt resolutions affirming these
principles, and declaring their views in relation to
public credit it will not only contribute to revive
American credit in Europe, but it will do much to re-
vve the American character which now is greatly
depressed for, when Americans cannot defend it.
we need not hope to find advocates among strangers
The election in Mississippi is pointed to as proof
that all Americans swinders 1t is useless to at
tempt argument You need not attempt an explana-
ton You need not tell John Bull that Mississippi
asserts that the debt in question is no debtthat she
is not legally morally bound to pay because the
bonds are fraud upon her. 1t is therefore impor-
tant, whatever the Legislature of that State NAV do
they should publish statement declaring the reason
why she refuses to ray and asserting that she would
pay if she was legally bound to pay. 1t is due to her
character that she should do this if she does re-
fuse to pay but, if understand the question made
by Governor McNutt cannot believe that the State
will refuse to pay the bonds in question the ground
assumed by him. At least it is to be hoped that the
assets of the Bank will be faithfully applied to secure
the creditors; and surely there will not be much to
be paid by the State if this be done.
have fear that the rich State of Mississippi will
permit herselft to be discreed No State in the Union
will profit more by ajudicious system of internal i'm
provement The time is at hand when she will
have railroad running from New Orleans to the
northeast corner of the State and when the Vicks.
burg road will be extended to the southeast corner
no State can use capital to more advantage and to
say nothing of the high Characteristic virtue and in
tegry of her czens-they will be prompted by their
interest to establish her credit. This can only be
done by the payment of her present debt or by lie.
gal adjudication of the tactraised by her Governor
OF whether she is or is not bound to pay.
tits peculiarly unfortunate that the current of pub
nc opinion should at this time so much against
the United States because the questions now agita-
ting both countries look to adjustment of the
Tariffs of BOTH and good feeling between them
would tend to so shape legislation as to promote the
interests OF BOTH The tone of political discussion
here is such, that modification of the corn laws
must take place, and it is manifest that il must ut
matey end in an absolute repeal.
will endea vor to send you by the steamer, which
In all probability will reach you before this does
interesting details on this subject The whole com
munity are alive. The question of cheap and dear
bread is introduced into every circle. The ladies
discus il in Tea parties the dvines in their pupits
the clubs in secret conc aves; the rich in his palace
andthe beggar in the street. II fills every mind and
all say that the price of bread has increased is in
creaslng and must be reduced. | send you an adj
dress delivered by Mr. Thompson, who was once in
the United States an abolition missionary YOU
VIII see that his talents are devoted aboIishing
the high price of bread. His lecture is an indication
OF public sentiment. The opinion is becoming uni
vtrsal that notification if not an entire repeal is
indispensable 10 the preservation of the Commerce and
manufactures of this country
refer you to the newspapers for items of news
Extract OF letter from highly influential merchant