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

The real source OF the opposition to this measure
and the disposition manifested by our adyesares to
surround II by every thing that Objectionable and TO
render il az obnoxious possible il probed to the bot
tom, would, perhaps be found to lie in disposition to
resist all plans Of rellef-a ameliorang systems for
the regulation OF the currency, and the saekeepDg
Of the public money. This disposition may be traced
to ambition and revenge engendered by disappointment
and they seek their triumph at the sacrifice OF
national interests The philosophical inquirer into the
alleged causes OF this consistent and rancorous hosi
ty can find none that creates moments doubt that the
hostility springs from the foregoing considerations
The principles, as regards the organization of the
Treasury Department, are we trust sufficiently clear
not to stand in need of any further illustration. If
they did, it would be easy to corroborate them by re-
feences to other arguments of very familiar, and at
the same time of very satisfactory kind.
Our opponents charge the President with the desire
to WELD the purse and the sword Is there any foun-
dntion for this CHARGE The President seems to be
fully aware of the danger arising from meretrclous
union between these two great elements Of power
In his Henrco letter he expressly the doc
trine, Of placing the sword and the purse in the same
hands, to be dangerous to liberty Never was there a
more wise and patriotic sentiment; and the man who
should act up to it deserves say, the highest com
mendation The President, it seems is anxlously
DESTROYS that the control Of the money power of the
country should be separated far possible from
the political power of the country.
Now, did the authors of this charge suppose, when
they made these assertions that this letter of the Pre-
sident entirely forgotten? Has not the President
openly declared that separation Of the purse and
sword ought to be made by Congress? Yet, in the
face Of this avowed declaration, the President is
charged with advocating the doctrine imputed to
him by the authors Of this allegation
Oh hads't thou cruel been content to seize
Hairs less in sight, or any hairs but these
Is there not according to the provisions of the bill
of tie Secretary of the Treasury. complete dsuni-
on far as any system be devised by the wisdom
of man. of the purse and sword This is the point
that is the gist of the questionthere the argument
rubbed.
If we understand the functions of the Board Of Ex-
chequer and the views of Messrs. Clay and Hunting
ton be the correct and sound exposition of the
ganizaton of the Executive departments, unhesi-
tatingy assert that there is ground whatever for
the assumption that the President will exercise those
powers which properly and exclusively belong to the
Legislative department of the Federal Government.
But, how is it that those powers are at present
lodged with the Executive Had the President any
agency in producing this state of things, which is
now selected ground of elimination He sane
toned the repeal of the Sub-Treasury. Viewing the
system as hostile to the genius of our republican in
sttutons, he could not have done otherwise. And is
he censurable for this act The first rule of ]udg-
ment, contend such cases, if indeed its appca-
ton were practicable, would be for those who are
arraignng his motives and his actions to place them
selves in the same situation of him upon whose CON
duct they have decided, in the midst of the difficult
ties by which he surrounded and with no better
rec Of The future than what their judgments could af-
ford them Would they not have acted with the same
promptitude in abrogating an obnoxious measure,
repudiated by the people In performing this act he
obeyed public sentment-he grathed public eXpec-
tation-he acted in accordance with the majority in
Congress But this majority having failed to provide
system for the sae-keeping and disbursement of the
revenue, they turn around and throw upon his shou-
ders the responsibility Of the present condition Of
things and the bull Of anathemas, scarcely less than
papal, has been Illuminated from tho high tower Of
authority under the pretence of indicating their
course of action
Happily for the country--most fortunately for the
Prcsident-he reign of deuson is fast passing away
the nation restored to its sobrety of thinking by the
succession of new developments, demonstrating the
patriotism Of his motives and the daring progacy Of
his sandcrers will Judge of his actions not according
to the ambiguous interpretations Of his adversares
but will pronounce judgment that will lead to his
redemption and the degradation Of his accusers.
In rav;ewinn rho aruuo,ants If Rentnn nd R,cha
man, we are forcbly struck with the differences that
characterizes their assaults the report Of the Secre
tary Of the Treasury. A mutual habit of overreach-
ing has begat strange and exceptionable style OF
writing. As regards the latter Senator, mystery
seems his motto, and the temple of Eleusis receives
his homage. Facts stated by him hypothetic,Ily
when positive assertions meant AMI deductions are
left for the reader to draw, while Mr.. Buchanan re-
treats under the patronage of obscurity Professions
ofcondence and respec. made the vehicles of hos
tility and, often of invasion. Open, fair, ingenious
dealing is we fear stranger to his views, But the
former marches boldly up to the mark and makes
known at the weapons of hostility. In his
speech on the Exchequcr board we find the following
language:
"A division has taken place in the great Wing party
on this point 1t has split into wings great,
and small wing. The body Of the party stand fast
on the Hamtonlan ground of 1871 fraction of the
party have slid back to to the Wapole ground OF
| l720.p
| Again
"The Wapole Wings are for Government bank
! ng-for making the transit from corporation credit,
no longer available to Government credit which is to
stand the brunt ofnew foes and exlravagancts 5.
| They 90 for the British Exchequer system, with all
the folly and degradation Of modern banking super
added and engrafted upon it,"
| We are aware that very great excitement exists ii
many parts of the country, on the subject of estab
| L.. l..