The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-07-23
THE. INTELLIGENCER.

He had been preceded by several members,
and, among the rest, Mr.. Tallmadge, who offer
ed to take the scheme in hand, confident that a
good bill could be made from it. The public
papers Of both parties had generally spoken In
favor of the recommendation OF the President
Even those most violent and abusive to MIR.
Tyler for vetoing the Bank bills, had candidly
approved the plan Swallowed forth in the Mes
sage, until they received their cues from the
majority in both branches of Congress.
On The 3Olh, the Intelgencer published Mr..
Mangums speech, and closed short editorial
with these words:
"Wheher it (lhe Exchequer plan) is likely to be SO
modified in its progress TO be acceptable to the two
Houses of Congress, and also to the Executive, our
readers WILL upon reading the debate, be able to de-
ter for themselves, quite satisfactorily as ace
from any information in our possession.
Here was another of those "dignifed" attempts
to spur on the majority in their reckless course
against the President; but why did not the In
teigencer think it necessary TO rebuke Mr.
Mangum for the language he used, and which
they printed Immediately, and in full.
AT the commencement his speech, the no.
norable Senator cared his wish to express
his views on the Exchequer plan, because, as
he asserted, strenuous efforts were making to
pre-occupy the public mind in its favor"
These 'sstrenous efforts" were made by the
People, and from the wretchedness of their po
verify, they cried out to the members of both
thing to do with these efforts whatever They
were the spontaneous burst ofpraise to the Pre-
sident for offering plan that could give offence
to neither party-a plan that would insure
sound currency and elfeclually deprive the Elk
ecutive of all control over the public moneys
The papers of the most ultra Bank Wings (who,
of course, could not have been corrupted by
the President, for they were Mr.. Mangum's
friends were the loudest in sounding praise to
the President, though within a month or two they
nearly all changed their course, and denounced
the measure 1t was this burst OF Joy at the
prospect of relief, that so alarmed Mr. Mangum
and it was to arrest this that he delivered him
self of a speech that the Intelligencer glutted
over as the first damnIng stroke TO the Exche-
ouer. referring its readers to the debate. Why
did not the editors refer at once to the speech :
self} The hlmsy veil under which they at
tempted to hide their hatred and disgust OF the
Executive recommendation, did not serve the
purpose ntended-did moi conceal the motives
of the editors, and might as well have been
omitted.
Let us now proceed with an examination OF
this speech Early in this address, the honora-
bic gentleman spoke as follows:
$50 FIR from exhibiting the force and cearness of
logcal head presented most obvious detects In loglc
the conclu .ions drawn premises laid down being
inconsecutve, abrupt, and, in one instance, mon
strous."
Toward the conclusion, he used the following
anouage which we ask the reader 10 consider
in connection with the foregoing extract:
"The people sleeping on volcano. Almost
begg Ared and the Government stepped forward and
offered B INK with money facilities far greater and
far bete calcu tied for the easement OF their distress
than any National Bank"
This plan possesses no force or cearness, yet
was far better for the People than National
Bank The People demanded of Congress to
pass this very plan, and MIR. Mangum says "the
People are sleeping on volcano" The Peo-
pie were sleeping on volcano! There MIR. w.
is RIGHT, but it was volcano of wild word :,
false ar ,uments and wrong conclusions. 1t was
a volcano of bitterness, that whipped the wild
colts, editors, who had dared to tell the thoughts
Of the People, back into the traces. 1t was a
MAGAZINE of hot shot fired by their pretended
friends. and for the purpose of gratifying an am
bitious leader covetng the mercenary interests
of the country at the expense and degradation
of the mass.
In the teeth of his declaration, that 1t would
AFFORD money facilities to the People, he intro
duced the following clause:
aHe had viewed the proposal not like the advocate
who had written the report but like an honest man,
determined do his duty"
Determined to his duty to his Kentucky
friend how could Mr.. Mangum be so violent
AGAINST this scheme, when he had been so re-
Gently a convert to the banking system. He
chad never touched bank before last sum
.mern and considered the banking system as
carving death within itself" What noble
natriol to condemn the President for vetolng a
thing he had never touched before, and con-
sdered inheriting death What noble idea
to abuse the Executive for standing where he
(Mr. NJ had always stood before last summer
But perhaps Mr. M. considers his address better
logic than the Message of the President, and
we are perfectly willing he should enjoy his ogl-
cal conclusions.
The Intelligencer may now see to what a
conclusion it hurried even the immaculate Mr.
Mangum, who never touched bank before last
summer; and doubtless the editors rejoiced If
his conversion, for new proselytes are always
the most thoroughgoing.
We shall continue our review OF Mr.. Man
GUMS address tomorrow.