The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-01-12

The arguments by which he Secretary OF the Trea
sury sustain the principles imbodied Ia his Report,
have been the subjec, Of much seyere animad-
version We contend that they are lucid and concu-
siye. We believe them to DO rrefuable. At least,
have not, as yet met with any opposing arguments
which have shaken Of the positions advanced The
diversified combinations which grow out and affect
transactions did not escape his penetrating view They
are commonly overlooked by theorists who, intent on
the establishment of general principles disregard the
m'nuter circumstances, that arise out Of their very
creation and render them impraccable in OPERATION
however just they may be in themselves 1t Is true
that the plan, chalked out in this Report, is new
and untried. IL is also true, that il presents many adj
vantages to the commercial community. The dangers
by which the country beset too manifest to be
| any longer disguised. Whether we look at home OF
abroad in whatever way view it, discover album
dant for being anxious that national con-
Germs should be placed in firm and mpregnable po-
| sition.
| To administer the policy Of the Federal Govern
ment, the President has called around him Cablet
of able, experienced upright and liberal minded men
statesmen Of extensive information ability in the plan
ming and conducting measures in critical and momen-
tous unctures frankness and sincerity in every word
and action perfect honesty towards the people, cordial
and unyieding attachment to the Constitu ion--but
aboes att spirit Of cancellation. ln pursuance Of a
pledge which the President gave at the extra session TO
furnish Congress with system Of finance, he has pre-
| scented to Congress a scheme which promises to an
swsr oil the purposes Of National Bank. But no
sooner is this plan developed than it meets with the
decided opposition of the political enemies Of the Cabi
net, The confidence of this portion of the Wing
party in their power and ability to be such that
nothing is too difficult for them. And of their
| greatest has been their overwhelming conf
dence in themselves, binding themselves to difficult
ties and obstacles that stand in the way to the accom-
plishment Of their views 81 ACKNOWLEDGEMENT. They
sesm to think themselves omnipotent There is no
thing in the history of heather times more absurd
than the miscacuating conce of the adversaIies Of
this financial measure. When the heather conque-
TOR exposed 10 the fattery of an admrng and deyot
ed people, who had aleady ranked him with the
Gods, commanded his attendant to give him daily re-
membrance Of his mortality he acted in the spirit Of
philosophy showing knowledge of the inflmities Of
mankind. But in our day and generation, a race Of
politicians have sprung up who, regulating the pre-
cepts Of philosophy and the lessons of experience
forgetting the weak ness Of human nature, and gyiE
themselves up to the intoxicalion of power have vain
y endeavored to check the march Of popular opinion,
to unfasten the sentiments Of the people, and
throw every scheme Of policy calculated to relieve
suffering and agonizing people The distinguished
individuals at the head of the Government WERE 10
doubt too we'll aware ofthe difficulties with which they
had to contend, in assuming their position rela
lively to the plan Of finance to be very sangune as
| -.lst ho &
the last five months before Them to demonstrate
how little the suggestions of sound policy likely
to avail amidst the excitement which portion of
the Wing party have fit to create They knew
fall well how little it was to be expected. They knew
also that the evil spirit of persecution which had been
thus called into existence would not be suffered by this
divided portion of the Wing party to lie dormant
that every little artifce would be exerd excite and
keep alive evaporation in the public mind, thus
produced, both to the feelings and motives OF the
Cabinet and also to the results and principles ofthe
financial systems. Yet amidst all these discourage
ments and embarrassments, the Executive has had
Sufficient manness of purpose to stand forward the
raying point TO the friends of the Constitution with
something Of the same feeling with which the Roman
people guarded their defeated General afer the battle
Of Came and, notwithstanding the general consier-
nation that prevailed such actions plainly told that
they did not despair Of the Republic. Such disinte-
restejness of conduct must inspire tho loes feeling
Of admiration and pride in the bosoms Of all who love
their country.
In the conduct Of the Executive there is one por-
ton Of it that has produced just modification in the
minds Of those who have been industriousy engaged
in sowing dissensons among parties. 1t was the
Of
by which its future conduct was to be moulded 1t
was the determination to recommend such a system
which seemed to them calculated to be productive
Of happiness and prosperty-a system which will
work general reformation in the financial depart
ment Of the Federal Governments reform which
reaches in its results and operations the agricultural
the commercial, the shipping and manufacturing inte
rests, and difusins stability and confidence in all
their diversified notifications. The question now re-
ours, will the majority in Congress exercise its cor
receive authority and assist in relieving the country
or will they maintain their present hostile attitude
and resist all amelioratng schemes Of financial po
icy
We confess, however, that what appears to us to
be the ominous symptom Of the times, is the temper
with which the measures of the Administration have
been assaed in the Senate Of the United States by
distinguished members Of the Wing party, and the
pernacity with which they adhere to repudiated
system They endeavor to stigmatize whatever does
not parlake of their views schemes of corruption
and wckedness, and denounce those who do not give
into their order of things, enemies the interests
of the people 1t is in the nature, too, of this oppos
ton, conducted as is to condemn act that has
been done by the President, while credit for those
things which arergh, and entitled to their comnen-
dation, is withheld and denied Let the life of any
man, the most honest and honorable, the first and
hrmest patriot in the country be subject to the same
kind of investigation What statesman would stand