The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-03-30

and the coin locked up for a. Tedsmptian are a.
loss 10 understand the ground II Mr. y ntsDs ot~
position Nol dollar II IAJsf b. lssaed BY the
| contemplated institution. uBess . doilaf a cpln b.
boarded IN ns vaults aud "a dollar q tLs Iapsf
can be returned 10 the institution unlrss al sqIsi
amount oil COIN - ut "a circulation thus the issue
OF mere paper currency without coin q rapFcssnt ~
and the queni increase 90 dimin uiisn ~ TIE
quantity ofclreulaling medium without regard 10 pfo
duction by human industry add consumption hy hu
man want u impossible,
We can see no essential difference between TINS
project and that iayoritc of MIR Benton aud
his immediate partsans the Sub. Treasury. Each
regards coin as the only circulating medium, OF nsa
sure oivrlue, and each contemplates actual repre-
senlaon IN paper, the in certificate. Of deosrie
the other in Treasury notes
Now lfthis party in Congress find no other OBJ
cton 10 tins scheme than its issue OF coin as The
real representative of paper, which feature Of
their own tavorlte scheme, ask them, IN the name
of that patriotism of which they claim much as
Their opponents, and we doubt not justly, rhy they
oppose II The project certainly do no mischief,
and If promises any good, II deserves fair trial
| and We appeal TO them ms men really governed 10y
that patriotism which they profess TO give il this trial
AT present the only keepers Of the Treasury are State
banks the very last institutions in which Mr.. Benton
would place it, if his declarations TO be re
ceiyed lie surely knows that the Sub Treasury can
not be revived before the NJ II Congress shall meet,
IN December, 1913 and even if bill 10 revive II
should pass both Houses the assent Of the President
leaving the Treasury without any other agents or
keepers than the State banks certainly for two ears
and probably for longer period or asserting TO plan
substantially like he Sub-Treasury. But Mr. Ben
ton like MIR Clay, is probably looking TO the Pres-
dency and to the ascendancy OF his party the only
means Of reaching It, He knows hat his only chance
for IL is IN the recovery OF power by the democratic
party and that this recovery depends upon the union
of this party upon candidate for the Presidency at
the next election and as he believes that Mr. Van
Buren, is The strongest candidate, and the only one
whom he succeed he is DESTROYS of promoting the
election OF that distinguished public servant and, con-
sequently, of making all Congressional action de-
vove upon the Preslden al election, His mode of
l. operation Is Incorporating opposition to Mr.. Iy-
les administration for if Mr.. ylers administration
be sustained by Congress, i, will be sustained by the
people, and the ascendancy Of the Democratic" par
ty, technically called, will be prevented. There
foe the administration must be opposed, embarra sed
prevented from accomplishing any thing, in the hope
that the people, seeing its imbecy, and without in
vestgang the cause will lose confidence in it, and
demand Il change.
We do not complain Of Mr. Clay Benton for
seeking the Pr sdency, for il is an object of laudable
ambition. But we do complain Of them FIR seeking
then inject through public difficulties Tor preterrng
that object TO their couhirys honor, safety, and pros
perlty, for being willing to sacrifice their country in
order TO govern it, These imputations.-
But "eappeal to every candid reader for saying that
they are justified by the incorporating opposition
OF both these distinguished politicians to every move
ment of the Executive We appeal TO the partisans
of Mr. Benton IN behalf Of the country. We ask
item if their conscences justify them IN throwing
away four months in President making, while The
Interests of their nn,tituents are neglected