The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-02-21

OF our Government, anu throughout the social ioa
tions of the people with the immense of the
country, and recuperatvs energies Of the American
family, can obvate our difficulties Currency will
regulate itself by industry labor pinch omnia the
riches of the soi-commercia pursuits based upon So
lid means, and all transactions having Legitimate
object We must avoid "kite flying, "fancy stocks,
"water lots, and specializing corporations bulls
and "bears," let the people of the cities and large
towns (the people of the country know nothing OF
these things, but from reporD get rid Of all these eh
crescences, and become true Republicans Let us
live upon eur own healthy products, and pay tribute
no longer 10 foreg and leave Injuries to be con-
sumed by those who can afford 10 live as princes
and nabobs THIS is essentially a working rcoun
try and every man should endeayor TO reputa-
ton in whatsoever occupation he undertakes, The
Statesman if not consistent or is discovered to be
demagogue is not beeved he loses caste, and has no
credit for his opinions. The professional man, be he
advocate, physician, or divine, must show constant
industry and integrity, and, in due time, he
he will have sufficient credit Why then, is il OBJ
eced that commercial men and bankers established
in the different cities and capital towns in the Repub-
lie cannot have a reciprocal credit understanding, so
that private bill or draft may be sold by banker in
Boston on New York Philadelphia Baltimore and so on
to New Orleans and the interior has been done from
time immemorial throughout Europel as for instance
bill from the R,hschilds or Barlngs in London or
Liverpool upon hei correspondent any 'ohere can or
may be cashed in any part of Great Britain or on the
Continent or again. in Paris, the bills of Hotin'
guer, Of the Lafittes or Mr. Wells, or the Hopes, at
Amsterdam. | have often asked why this could not
be done in the United States but have been told that
there is not the stability permanency here
things change too much there is certainty in com
mercal affairs this country, and the matters aye
transacted differently in this country The true way,
maintain is, the freedom to all to be bankers, hay-
ing the statutes of fraud fully applied the severest
punishment inflicted for violations of honest dealing
and treaties with other countries to deliver up tugl-
uves from justice, The science of political economy
should be we'll understood by every intelligent Amerl
can Volumes have been written and interminable
speeches made upon the monetary system, and every
possible scheme, all the plain common sense practi-
cable ones are put aside to fasten upon us mammoth
corporation And what is the cry to effect this "uni-
form circulation and equ ,lization Of exchanges ~
The great regulator and, they might add, the great
arbitrator and dictator" We are not yet prepared
to yield ourselves up to great money power We
blessed with every of prosperity that God,
in his mercy could bestew;" and if the currency Is to
be as the Constitution says it shall be- must not
look political charetans and empyrcs to produce it,
we can only make it abundant "by the sweat Of the
brow" five export more than import, there will
be surplus in our favor A surplus of what it
may be asked. Either of foreign necessaries, in
gold and silver, which will come to US. We should
not dependent upon any other country for those
things we can produce ourselves We have long
enough been the great storehouse of European manu-
features. Our workshops not supported and
anguish in our midst whilst we support those OF
other climes Why is this Our operatives are as
enlightened and as accomplished workmen, and the
inventive genius Of our brothers inferior if not
SURPRISING that Of transmarine growth. We should
turn attention more to our own great ia My ra-
Their than devote ourselves to the uncongenial, all
anti ptidRSe pnbaan Operatives
blers, and oilers, who all consumers and non-pro-
ducers; they do good but much evil; they are
composed of foreign as well native growth and are
sores the body polite" But our people as have
already said, working people, and generally eco
nomca and frugal as can well be, considering that
great iberality, and kind of wholesale off hand ex-
travagance which recently characterized the ma
ton We play the fool, when we ape Europe in its
forms, fashions, and show 1t is unbecoming sober,
thinking, dignfel people, to initiate the magnifcence
which is produced by tyranncal oppression It is
high time that we should begin at least to establish
nationality worthy Of being initiated.
"The moral influence Of those who govern society
should be brought forward to stimulate to virtuous
incentive y in word, the moral and political con-
stution must be made to accord, and that in sub
pies which society is founded and by which it is
still held together under every political vcissitude,
by which it is often enabled to renew its youth-to
she'd the cold and wrinkled skin of corruption" and
to restore and realize the glories of its prime For
while government necessarily exercises powerful
influence upon society-socety in its turn still more
potently controls the destnies of government If, in
an improving state, it either forciby carries the lat
ter along with it, or bursts its trammels altogether
while if corrupt and declining, it can, in general,
ceive but little resusctatve aid from the hand of the
legislator, but continues to sink into vice, weakness,
and mbeclity, leaving the institutions which it once
animated with energy and ennobled with intelligence,
to hang dead weight upon its recrean limbs" re-
tanning their FORM but destitute of the vgor and sp
rit of life
" In the Exchequer scheme of the President and
his Cabinet, we see safe and practicable agen; of
deverance from the evils which besct us in the form
of deprecated currency depressed prices, and the
long train of ills connected with them; and hail
this plan the harbnger of prosperity and repose."
This is very decided language but believe that if
the Congress will pass the Exchequer BILL with the
power to issue bills to the amount of the estimated
and depostes, that all that be desired to
" regulate the currency" equalize the xchanges,
rather facilitate remittances, will be obtained. The
other advantages are merely collateral and Depend