The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-05-10

The Thersites of the Globe in an article OF
May 9th, entitled ways and Means" chuckles
over some information which he extracts from
the New York American, to the effect that the
Government has not been able to negotiate its
loan of three and half millions, and while
using the authority of Mr.. King to show this
fact, he inquiries, with great triumph, "Was the
Government ever in this condition under De-
mocratic Administration 2" In the first place it
would be well to make sure that the New York
American was right, before placing perfect re-
lance upon its statements.
We would advise the Globe not to be too
eager in anticipating the misforunes which
former years have brought, or threaten to bring
upon the country. If the Government does not
get the loan, the Globe can exult, but it
would be as well to wait and see, before
making a very distinguished grafton on the coun-
try's dishonor.
1t is true that Mr. Benton, and the Globe, and
Mr.. Clay, with the American and Independent,
would be glad to see the Government paralysed,
and, with their several friends, will do what in
them lies to bring about this gratifying result.
They may or may not succeed. The event
will show Meanwhile the Administration will
go on fearlessly discharging its duty to the Peo-
pie, and confidently looking to them for sup
port in its honest and patriotic endeavors to re-
pair all past INJURIES TO reform all abuses, to re-
store credit, regulate currency, raise revenue
and maintain the honor of the nation.
The Globe and the American need predict
no trouble about the Government borrowing
money AS they can do nothing to aid the Go
yernment, so they can effect nothing to IMPURE 1t.
They are both powerless.
Whether they want this thing or that thing,
Bank or Sub Treasury, Tariff or anti-Tariff,
Abolitionism or Locofocoism, makes not pen
| ny worth's difference.
| The Executive looks over their heads, and
those of their patrons, to the People. 1t pro-
poses, and will propose, no measures which the
the situation of the country does not call for.
and which will not tend to its benefit and pros
perity, and proposing such measures, and such
| only, it expects to see them carried out. 1t
expects confidently that Congress, even the pre-
sent Congress, will, despite the faction of mad
ness which Mangums and Bentons, and Lanes
and others, have endeavored to introduce, dis
charge its duty to The country, by adopting the
measures, or some of them, or some modifca-
ton of them, which it has recommended. But
if it shall be doomed, with the People, to disap-
pointment; if faction and folly and madness
shall prevail, if misfortunes and dishonor shall
come upon the country, the Executive will so
conduct, and has so conducted itself, that all the
world may see no share of the blame can be attri-
buted to any omission or violation Of duty on
its part.
The nation and posterity will award due JUS
! tice to the Executive and to the Legislature
to the present Administration and to its enemies
of both sorts.
In conclusion, we have to say to the Globe
and the American, that they need have no un-
easiness about the Loan, at present. 1t will be
high time to triumph, when they are sure that
the nations credit has been reduced so low by
them and their friends, as that all the wisdom
and devotion Of the Administration cannot re-
store it,