The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1842-03-03
M the Globe
From the Globe
THE TRIPLET PROJECTS.


| We are astonshed to see the trouble which some
people take to discover the differences between the
three Treasury bank projects which have been sub
mitted to Congress- 1t is all " loves labor lost"
The three plans are one, and only graduated on
regular scale feel the pulse of the public and find
which will go. The first, concocted by BIDDLE and
WEBSTER, the most barefaced and vicious, and
was nearly universally condemned Mr.. CUsHMG's,
which came next, omitted few of the most revolt
ing features of the BIDDLE and WEBSTER plan, and
was less detested. Then came TALLMADcE's third
and last and omitted little of what was most con-
demned in Mr. CUsHNGs and so is the least
Grated of the three But all this is cobweb work to
catch the weak flies. The frame work of every plan
is the same The structure of every one is the same
The organization, design, and object, of every one
are the They all Treasury banks, to sup
ply the place of the defunct National Bank, and the
exploding local banks, and to convert the Federal
| Government into paper machine and banking es-
Enlistment. The miserable little limitations too
| shallow to deceive blind any body. They are
tricks to catch the simpe-bait for gudgeons. The
real object is to unite Bank and State-to make Bank
the master of Stateto flood the country with paper
money-to introduce an exclusive paper money de-
precated currency for the Federal Government as
well for the States and the peOple-and in the end
to lead to the establishment Of another king bank 1t is
the work of the paper money paryofthe party which
constitutes the rump Biddes bank and the broken To-
cal banks and who, having devoured the former,
look to the credit and of the United States
(which is to supply the place of defunct corporations.
Paper money is what they are after, and corporation
,aper having failed, Federal paper becomes the re-
lource. The Constitution is nothing. What care
he paper mongers-the stock obbers, the broken
,ankites-what care they for the Constitution? No
more than cares for Greek They are after
lpaper money, and paper money they will have, II
they can get it, in defiance of all the paper constitu
tons in the world. Nothing is palmer than that the
Constitution recognizes nothing for currency but
| GOLD and SILVER! Yet this paper money party
tear that clause out of the Consttution-insert pa
| per currency in its place-bring three bills before
Congress to alter the Constitution by substituting
paper currency for specie currency, and laugh at
those who appeal to the Constitution to arrest their
parricidal work. To such people the Constitution is
song in FOOLS mouth But what will say the peo-
pie to this' Are they willing for the rump of the
exploded and exploding national and local banks to
tear up the Constitution build Treasury bank for
themselves, insert some burlesque limitations, make
it what they please when they have got it start
ed and riot in the spoils of the Union after the cleo
ton of 1874, if then successful, And this is what
the two uetoes bring us three projects, every one
more iagranty unconstitutional-more fagrantly fla
gitous-more palpably dangerous than either of the
vetoed bills We have heard many Democrats say
that they deem an open undisgulsed, Hamiltonan
National Bank far preferable to either of these three
plans and we presume that will be the general opin
ion before the subject is done with As for all the
shly shally stuff about dollar for doar-no loans
no dscount-no more than fifteen millions to be is
sued &C. &c., it is all sheer trickery to catch simple
tons--milk for babes, but not meat for men,
The above conglomeration Of rhapsodical and
\ ncoherent ideas, is doubtless brief extract
from Mr.. Benton's forthcoming speech on the
Exchequer, The ugly tracks of the tremendous
Humbugger are apparent throughout all its
ecstatic deviations The editor Of the Globe
never indited such palpable nonsense in his life.
A blind man could tell it was Benton's. There
IS an odor about it that cannot be mistaken.
We invite our readers, both in Europe and
America, to peruse it carefully. 1t is the fan
@sy ofignorance, impudence, and humbuggery.
A great Missouri bull, believing through the
Avenue, would startle precisely the same SEN
sations produced in the breast of an intelligent
reader by the perusal of this extract from the
great humbugger's next speech. There is
lether patriotism nor intellectually about the
thing. Mr.. B. depends upon the ignorance Of the
people to poke his way into the Presidential
chair. But fortunately the ignorance of the
Democratic party is not so great as that of the
mad Senator himself. At least a moiety of the
Democratic presses will be found unwilling to
plunge head-long into the mud after this great
believing t1Sus nature.