The Middlebury people's press. [volume] (Middlebury, Vt.) 1841-1843, 1842-12-13

li,,slrous pros;ralion of ID: Unt-d States
Eank of Pennsylvania, had coil ibuted
iorgeIy 10 in rease The ssnIlment OF DIS
rust ty reason f The loss AID ruiz Sis
,ained 5y tEe holders of is stock, large
or norton of whom were reigners, an1
many of " hom were alike ignorant OF our
pclilict organization, and Of our actual
resp usibili es. 1t was the anxious de-
sire Of tie Elk cutire that, in the effort 10
negotiate The loan abroad, the American
negotiat1r might be aol, 10 point the
mn e. lender TO the fund mortgagad for
the redemption of the prin .ipal and inter-
esl of any loan he mig II contract, and
ther4by vindicate the Gors rnment from
al suspicion Of bal faith or inabil tv TO
meet lis engagements. Congress differ
ed from the executive in this view oil The
subject. Il became, nevertheless, tie
duty of the Executive 10 resort 10 every
expedient in its power 10 negotiate lh1
authoriz ID loan. Alter fai ure TO do so
in the American marietta cnizen Of high
character and talent was sent to Europe
With no better success; and thus the NOR
flying spectacle has been presented Of the
inability of this Gov, rnmcnt 10 obtain a
loan so small as not in the Who'll. to
amount to more than one fourth of lis Or
binary annual incoms; at time WREN
the Government Of Europe, although in
rolved in d BIT, and with their subjects
heavily burdened with taxation. readily
obtain Ions Of ans amount at a great
reduced rate of inte' EST. IL would be
Improbable 10 look further into this a.
nomalous state Of things. but cannot
conclude without addinI that, for Gov
eminent which las paid off It's debts #
two wars with The largest mar iimo pow
erof Europe, and now owing debt which
is almost next T. nothing when compared
with lis Ioundless resources, a Govern
menl the strong 81 in tie woTl!, becdu e
cmanaling from ihs popular will, and
firmly rnoled in tie affeclio IS of a great
and free people, and whose Fl Ielrry to lis
engagements has never been quest oned;
such goveram"n; TO have rendered
10 The capitalists Of 9th countries an OPP
porluni FIR small inves nent of it.
stocks, End Yet 10 have failed, implies
cilher The most unfounded distrusl in its
goo faith, or pur.r Sc, to obtain which
tie urse pursued is The mo fatal which
could have been u ioptcd. 1t has now
be ONE oDviou; 10 all men that the Gov
eminent must Look 10 IT. own meas for
su ply ny lis warts, and il is como ing TO
know I:lat these me aus are alto! Iher
adequate for the sub ecr. Tn: Exche-
qner, il; ado2ted. will gre lily aid il bring
ias abo II tbs result. UpJn what r.
gari as W. l-founded supposi!ion that
lis bi Is would b. readily sought for b,
the public or diiors, and thai the issue
w'ulI IN short time reach the maxim
I'm Of 100000, il is Obvious thai
Sl0,000,000 would. IN reby be added
to tie available means of the Treasury
without cost or charge. Nor can | fail To
urge The great and benefc al eff CTS which
would b produced in aid f al III; active
pursuits Of lie. Its eff cts upon the SOL
re State banks, While it would rec al
10 liq ida ion those OF all OPPOSITE cha :
actrr through lis weekly sctilpmcn S,
word be highly ben Gc al; and Will The
advantages Of sound currency, the re-
stnra;iun Of confidence AID cIe IL would
follow, With 4 Humorous rain of blessings
NJ: con, ic ions are most struns that lh.s
ben Fl S wo Id flow from the adoption Of
tbs measure; but if the III >h I'LL be-
adverse, there is This security in connec-
Il n with it, that the law CT ating il MAJ
be rep aled al The pleasure Of tie l. gis-
alur', without the slightest Implication #
is god faith
recommend to Congress to take into
consideration the propriety of re-imbursing
ahne imposed on General Jackson at New
Orleans at the time of the attack and de-
fence Of that city and paid BY him. With
out designing any reflection on the Judi
clal tribunal which imposed the fine, the
remission at this day may be regarded as
not unjust or inexpedient. The voice of
The civil authority was hearL amidst the
glitter of arms and obeyed by those who
held the sword, thereby giving additional
lustre to a memorable military achievement
If the laws were offended, their majesty
vas fully indicated; and although the PEN
atty incurred and paid, is worthy Of little
regard in pecuniary point of view, it can
hardly be doubted that it would be gratify-
ing to the war-worn veteran, now in retire.
nent and in the winter Of his DAYS, to be
relieved from the circumstances in which
that Judgment placed him. There are
Gases in which public functionaries may BE-
called on to weigh the public interest
agaInst their own personal hazards, and If
The civil law be violated from praise wor-
my motives, or an overriding sense Of pub
lie danger and public necessity, punish
hent may well be restrained within that lin.
(which asserts and maintains the authority
'tthe law, and the subsection of the mil