The spirit of the age. [volume] (Woodstock, Vt.) 1840-1844, 1842-03-11
THE TWIN PROJECTS,

A careful examination Of the two plans present.
ad by the committee of the House and Senate, au.
,horzes TO class them as birds Of the saIme nest
twin brolhers-which will analgana,e into one be-
fore they are done. In some particulars they diff
fer; but that is nothing they both enanale from
the same school, and both will find their suppor-
tiers in the same circle. They both vary n lutte
from the Webster plan sent down at the beginning
Of the session, and which was the fruit of Nh Bid
dies visit to this place shortly before Congress
met. This variation was polite. 1t was udicous
10 devate little from that scheme; but as all the
frame work Of it is retained, the deviation while il
serves as and blind for the real object, is
no impeachment to its final adoption. In n word,
all three plans may be considered us the same: all
enlunating from the deserted palace in Chestnu,
sneet-aIl supported by BiddIe Bank n,en--and all
tending 10 the same. Ohjecl--ihat of converting
the Government Of the United States into paper
money, und banking machine.
How curious ia the current Of history and the
drama of.real life! How much more strange than
fiction, OF any thing That the imagination can con-
ceive! Here is Mr. Bidde, his name execraied-
his person shunned-and himself under bond to
appear atshe bar Of the criminal court IN Phia-
delpha 10 answer an infamous nccusati0n-and
yet that man is moulding the measures for the con-
sideration Of The American Congress, and may be
considered so far as the .fdnInistI alton is con-
cerned, as the most powerful man in America
lie holds MI Webster on u string; and MIR Web
sler is the main spring Of the Administration. AZ
Ter the arrival Of Lord Ashburton, he may have
Mr. Webster Ivy another string; but it is probable
that he and Mr. Bidde will pull together. nnd that
the power Of Mr. Biddle will not be diminished hut
augmented by the arrival Of the gentleman whose
firm in London was the agent Of the Bank of The
1',,.ta nd A.,l A, toCt a.
nited States Government, until General jackson
deemed il wise and prudent 10 select different
one.
Mr. Biddlc then may he considered as the foun-
tain head af all three of the plans which have been
submitted TO Congress for the Exchequer Bank,
aud that these plans are the nearest approach which
Il is deemed prudent To make at presen, 10 the GRE
alton Of u new National Bank. Such an institution
ia too Odous now 10 be openly advocated even Mr.
Webster, the old attorney and debtor Of The Bank,
cannot 60 for one now. halfway house is nee
sssary: and these Exchequer Banks-in plain En-
glish-TREASURY BANKS-are adopted for the
purpose. As for the details Of all these plans
they are bal. to catch gudgeons. The limitations
are cobwebs. All they want is a start. Give ne II
place TO stand upon said Archnides, and will
rase The world. So of these Treasury Bank men.
All they want is place TO stand upon. Banking,
and national banking, is what they are after Paper
m oney, and Federal paper money -somelhing bot
toned upon the credit and revenues Of The Union
is what they long for.and sigh afler. Give then,
but the seminal principle Of Naiisnal Bank and
paper money, and they will take it, knowing that
all the rest will soon folloe. As their plans are
presented, they are absurdilies, accomplishing moth
ing taking precisely as much specie out Of circu-
lalion as they pu, paper IN circulation Blu: all
chat would be quickly altered. Let them begin
le them get s'ar,-let them get under way-and
we shall soon have all the real objects off bank
in full operation: LOANS--DISCOUNT
NOTES--JOBBlNG-- AMBLiNG--PLUN-
DERiNG! Every thing That distinguished the
South Sea Bubble, the Mississippi Scheme ans the
Biddle Bank Of the United States. Globe.