The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-02-02
From he Galena ( Illinois, Gas ells.
THE EXCHEQUER BILL.

Wemust again postpone the publication Of the
above bill till Saturday; the abstract however which
has been given will furnish readers good idea OF its
PROVISIONS
With regard othe proprIety of its adoption, there
NAV or NAV not be, a contrdrety of opinion We
believe the good of the country demands It's speedy
passage This conclusion has been prompted by no
pers nal motive not common with all OF the Ad-
ministlation which has originated the measure,
we are loath indeed to speak The Cabinet, IN ONT
of talents i. an able one In our best judgment
the pubo acts of this Administration shall be viewed
with impartial fairness, and in this spirit we commend
the favorable consideration of this measure
The editor of this paper has never opposed the
measures Of any Administration merely for the sake
of opposing them. Measures which his judgment
told him were for the general good, under the two
former Administrations, were never made matters OF
reproaoh That of Mr.. Tyler certainly deserves
so,al iarass at his hands. Measures which he be-
heved were wrong, he has combattcd with a spirit
which whatever may be its weaknesses, knows nell
Their ideness nor dependency, True, for the most
part of his active life to this time, his industry brought
him nothing but poverty. In his ambition to be use
full to others he forgot himself As honestly as any
soldier who ever shouldered knapsack, has he
served through what may well he called the curren-
cy war--a war rife with blasted hopes and dsappont-
ments which has brought sorrow and distress to the
very hearths of thousands Its sacrifices, to be sure,
have not been those of blood but in many cases the
death-sho would have caused thousand fold less
pain. For all this what has been gained! Iias any
class been made either the better or the wiser Who
is more prosperous-who more patriotic we see
a people without common currcncy-complaning
of inadequate reward for their abor-dissatsed and
dsheartened- this dissatisfaction IS every day
Increasing Last year the producers OF an import
ant stape could obtain four dollars per hundred
this year they can get but two II the current OF de-
probation continues, what hope is there IN the iu-
ture 4 Without the interpostpn of the General Go
vcrnment how is this tide to be changed II = time
that the currency war ended. The mutual IN
terests OF the people demand it, The universal feel
ing of all producing classes demand it. And now
shall the question be settled 1t has come to point
when calm consideration is required
| What Shall be done Let Us first understand what
cannot be done We cannot have, for the next three
years, National Bark (such we have had) of dis
count and deposite What reason have we to pro-
mise ourselves success, even then
! Now let us see what can be done. We can have
Bank Of deposte which can issue notes to the amount
Of thriy millions Of dollars if required and fully capa
bic of regulating the exchanges of the country, Al
institution of undoubcd credit and efficiency whose
object will be, to put money into circulation and take
none out which will go far in furnishing good CIR
culating medium, instead of the poor one which We
have at present 1t will do away, IN short tme
with all demand for specie, by giving US paper CIR
cuaton of value superior to specie In TACT IT, WI
do much, if not all that has ever been demanded D.
our party in furnishing safe, convenient, redeema
BILE currency.