Iowa territorial gazette and advertiser. [volume] (Burlington, Iowa Territory [Iowa]) 1840-1846, 1842-09-03
THE EVERLASTING CONGRESS.

session nine months-the government is
overwhelmed in deb,~-the distress Of the
country is unexsmpled in the history OF
hard times--and yet, with all their prom
ises Of better things, the wings cannot
point to one single act Of relief either for
the people or the government. On the
contrary, Congress, from the first hour Of
its session, has been daily running US
thousands in debt, until it now amounts to
millions, wasting their time and the mon.
ey Of their constituents in private bicker
ings, and keeping the country in fever
ish excitement by their base and futile
efforts to drive the President either from
his integrity or from power.
twill be useless for wings TO reply
that Mr.. Tyler, by the exercise Of the
veto power, has thwartcd their measures
Of relief. II, in the contest Of 1910, they
looked to an overshadowing money ma
chine, like Bank Of the United States,
as the only means Of bringing about bet
ter times, knowing Gen. Harrison 10 he
scrupulous on the subject and John Tyler
to be positively opposed to such a project.
they should not have blinded themselves
with delusive hopes or deceived the peo-
pie with lying promises o! means Of
relief which never could be obtained.
Here was the first great error Of their
own commission.
But is Bank Of unrestricted power
and unconstitutional privileges the only
remedy? Is there no other mode by
which the currency Of the country may
be regulated? Can there be no other ma
chine put into operation which will an.
swer all the purposes Of government?
Or are the interests Of the government
bu. feathers in the balance against the
interests Of the rag barons and money
changers: and is the whole subject Of
currency swallowed up il the moro i'm
portant schemes Of the bank o!igarchie $?
We are forced to conclude that an af
firmative answer to these two latter
questions would speak nm ''o'er true tale. .
All the evidence we can find tends strong
,ly TO confirm what has long since passed
beyond the doubling point-that the Clay
wings in Congress 60 for relief for the
broken bankers, and not for the relief Of
the laboring and suffering multitude
that they go for giving currency to
stock jobbers instead Of regulating one
Tor The government and the people--that
they go for creating great money ma
chine and for putting the government in.
to the hands Of that machine, instead Of
putting safe and proper machine into
the hands of the general government.
When wing leaders cut loose from
money monopolies and attach themselves
10 the business and the interests Of the
country-and when they cut the acquain.
lance Of Bank emmissarles and commence
legislatng for the mass Of their constitu-
ents, they will then have taken the first
aud best step towards bringing about
.sbcttcr times"
They found, on coming into power,
Sub-Treasury system in safe operation.
and faithfully performing all the func-
tons incidental to the financial affairs Of
the country but this they repealed be-
cause ii did not food the country with
paper promises nor cover the sores Of
the speculators with healing shin-plas-
tiers, ard because it afforded no dividends
to the stock jobber and left open no aven-
ue for the steal,hy visits Of the bank plum.
derer. 1t was safe for the people, but It
Afforded no facilities TO The Kite .Nyers'
An Exchequer system, providing for
the safe keeping and disbursement Of tho
public funds, and obviating the constitu-
lional objections TO a Bank Of the US.
was submitted by Mr.. Tyler's friends
but his scheme was too much like the sub
honest-too much peo-
Plies bank and loo little bankers bank
aud it was kicked sans ceremonic out Of
Congress,
Two bank bills, concocted BY Mr.. Clay
and his friends, followed in quick success
sion, frittcring away the constitution as
worm-eaten parchment and giving the
Shylocks Of bankism all that they asked
and more too. These were as quickly
TO the to,nbs Of the Capulets by
Capt. Tyler as they had been rudely and
hastily thrust upon him And then COM
in good zeal, the war between the
Red and White Roses Of whiggery-thc
history Of which will be continued and
concluded in our next.
The prices Of Wheat aud -four are OH
he decline in-the Eastern ci,ies.--Our
attest eastern exchanges quote Wheat at
from 80 cts. to 81 per bushel, according
% the quality; and -four at from SIS TO SIS,
IS per barrel.