The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-12-31
WHAT Is THE REAL WANT OF THE Pee
PIE AND THE COUNTRY

The answer to this question is plain ant
simple. Nothing more wanting ,bon cur
Yency Of uniform value throughout the Union
This is the want Of the merchant in order tt
enable him TO make his remittances from one
part Of the country to the other without loss, OF
with as little loss as possible. This is the wan,
of the farmer and the mechanic, who desire ,o
exchange their produce and labor for wha, is
equal to specie, instead of exchanging il fol
the worthless trash every where at this time 10
circulation. There is no interest Of society
which does not call aloud for sousd circua-
ting paper medium,
What quantity should be issued in order to
supply the wants Of society,"
In 1880 the United States had sound crcu-
la,ing mediums every where equal 10 gold and
silver. 1t was in amount equal to 100000, 600
After having been swollen 10 Sl50,000,O0O, j,
has been reduced in five years 10 S5O,00O,000
making due allow ances for the increase of popula
ton. an addition of $4,000, 900, being bu,
$4,000, 900 more than in 1880, would seem to
be required. This is proposed to be done
through the agency Of the Exchequer. Why
shall it no, be done? We should like any one
TO answer.
Nothing but Bank will suit one party, Cor
more properly their leaders,) aud Sub Urea
sury the other.
We ask what does any body want with a
Bank, If a sound currency can be furnished by
means admitted 10 be CONSTITUTIONAL Is Bank
wanted to enable Mr.. A., B., G. or ID. TO borrow
money OF what service is that TO the other
names n The alphabet? What does the far
ner or mechanic care for that They are only
interested in having scnnd paper currency,
and not whether Mr.. A. shall borrow money Of
a National Bank to pay debt due at STATE
Bank. or what consequence is tina, 10 So
cie,y
Who will a naked Sub Treasury benefit p
Nothing but GOLD and silver will do for the lead
ers on that side. They insist that the farmer
and mechanic shall take nothing else for their
produce and labor, and the farmer and mechan-
ic would be glad enough to get it if they could.
But where is i, to come from, and how are they
to geti t7
II does very well for the Government and the
Office holders, but how il advances the interests
of the People, who are obliged TO take State
Bank paper or any other sort OF paper they can
obtain, is more than We can surmIse. Perhaps
the leade, may be able TO explain.
Now we have but one word to say 10 men Of
MI parties. The President has presented a
scheme of finance, which steers clear of both
extremes, and will give the country so md pa
p~r medium Of exchange. Ii avoids the evils
of Bank, while il confers all its real benefits
I, supplies the defects Of the Sub Treasury,
and shuns its starved and narrow policy. Pa
per you have, and paper you will have as cur
rency, whether you will or no. The State Banks
will furnish il. Shall it be sound or unsound
This is the plain and simple question to be an
swered.
The exchange feature is objected TO. The
President has presented an alternative. Ifyou
won't agree to deal in exchange, limit the Ex-
chsquer to the sale Of drafts for specie, as q