The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1842-11-12

L
CNemsAri November Z, lo42
SIR You have doubtless seen in the "e"'
papers Of this city, the movement lately made he's
" ith reference TO the Exchequer This movement
is considered Of importance, oy al iea'' Ne''
respectable portion Of Ibis community ane Tor 'h''
reason as well from The fact that IL Is iapie "
Misrepresentation, have thought II might DC worm
while to- give YOU the editor OF central ha''o"'i
Journal brief account oft shall Also Tor 'he sa"'e
reasons with your permisson,) keep you ana Sou'
readers advised Of its progress
The absolute necessity Of some action IN regard 10
the currency the approaching session oil Congress
has been prominent topic of conversation here'
ever since the late State election and as the result
Of that event in connection with similar results Oh
like events elsewhere, has convinced one oil Inc TWO
great parties that to think of a National Bank soon
is oy and the other that there is no present danger
of the establishment of such an institution, there has
been quite turning Of eyes towards the three fiscai
Agency plans that reported TO Congress al The
last session More, however, look in that direction,
than have independence enough, or are sufficiently
void of rarty bias 10 manifest 10y open acts the con-
| illusions at which their understandings have arrived.
Still there are enough here Of the right sort of men,
TO lead or in this movement, and there VIII soon
| be enough To follow them. Among those VINO caileo
| and took part in it, the late Exchequer meet ng
which was he'd in this city on the evening oil lhurs
day last were some OF our very best citizens-mer-
chants and manufacturers, Wings and Democrats ;
and although attempts have been made, by It's
enemies here, to excite party prejudice against IL
by calling it " Tyler meeting" and characterizihg
! lis objects as a sort of " secondhand Whlggery,
vet they cannot succeed and the movement IS bound
to 20 forward. The chairman Of the meeting Is a
| Whig-an old and substantial flour merchant-and
any one who knows him. as we'll as do, knows that
he is sincere in his advocacy Of the Exchequer
scheme. and that he is not TO be frightened by any
effort to make bugaboo of " John Tyler" The
secretaries are Democrats-tbe one dry good mer-
chant the other formerly if moi at present, pro-
duce dealer-bo,h good citizens, and staunch business
men-atA all the cries about " secondhand wing
gerry" which its enemies here can RAISE, OF
get others to raise, will not turn them aside from
their present object OF the two principal speakers,
one is manufacturer, the other newspaper pub
Usher; and both have manifested zeal IN the new
movement which shows that they are IN earnest
that they feel themselves 10 lie in the fright and
that they will " go ahead"
The Cabinet scheme of Exchequer appears to have
many more friends here than either that reported II
the Senate BY Mr. Talmadge or that introduced into
a the House by Mr. Gushing. resolution, proposing
to memorable Congress in favor of Mr.. Tallmadge
PLAN was, after some considerable discussion, sub
2 stituted by another, the mover and supporter
e which, Ga Wing of long standng,) is an earnest an'
thoroughg going advocate Of the Cabinets or MI J
ler,s plan His resolution prevailed by large ma
tI,asn nj
5, some length, and shown by comparison, the grea
Al superiority of that which he supported
d An attempt made at the meeting, by a
p ultra stumper give party complexion TO the con
e sideraon Of the Exchequer scheme This individu
c al was very promptly met by third speaker and HI
designs frustrated An ultra-Cay Wing also endea
e vored to array party prejudice against tbs urpor
" the meeting, by ofiari~nc United States were hu
er ...areu pcople-prostraed at the feet of John Ty
ler," &C.; but after Tuning and frettng for time
IS he was informed that his resolution had met with
secondhand SO looked very sheepish, and took hi
i seat amid gentle serenade Of Kisses.
! Altogether, the meeting had much less of a part
complexion than any political Heetug which hav,
attended here for long time and doubt not that
although it was not large, 1t will be productive o
:, good, by turning the attention of population
. generally, towards the Exchequer scheme of the
> President and his Cabinet and inducing investigation
G of its character, and examination of its merits
committee, composed of five gentlemen a ma.
, jority Of whom rank among the first class of ouI
: business citizens, was appointed to prepare memo
rial to Congress, in favor of the establishment Of the
: ExcheGucr at the 1ext session This committee is
to report to adjourned meeting, which to be held
: on Thursday evening next
' | anticipate excellent document from them and
shall endeavor To give you some account of it.
shall write you again the morning following the meet
s ing Yours,
OCCIDENTALlS.