The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-01-06
From the Providence { X. H. Chronicle.
POLITICAL ULTRAISM.

The greatest vice of the times is the ultrasm Of
our great men, Of both political parties. Moderate
councils seem to be banshed from the Halls OF Le-
gislation. he question which is now asked, when
great national measure is presented for consideration
IS not-how will il affect the interests OF the great
body of the people-how will il conduce TO the pros
perity and welfare of our common country-but how
will il affect pary-to the benefit OF what Pres-
dental as irant will It enure As long the pub
lie mind is thus drawn aside from the true merits OF
great measures Of national policy and the mass Of
the people perm themselves TO be used BY political
managers playthings upon the political chess
board, there can be little hope Of Improvement, or
real reform in our national affairs.
We have been led into these remarks by observing
the course Of the leaders of both of the old political
parties in Congress- upon the subject of the National
Exchequer, proposed by the President, IN ms TWO
last annual messages to Congress. This great nea-
sure il appears To be admitted by all parties, adj
mraby adapted to the diseases in the currency
and remedy the prevailing difficulties in the system OF
exchanges between different sections of the country.
These difficulties in the currency and exchanges OF
the country are now paralIzins the energies oil the
people every where. In the South and West, IN par
,icular the currency is continually growing worse
I'm those sections, unless something IS done speedily
n check The downward tendency, the currency will
run down to an absolute metallic currency and down
with Il must go TO the lowest possible point oil de-
presson the business and the value Of property, real
and personal Of those sections. The whole country
needs now more than anything else, sound national
convertible paper currency, and system OF cheap,
convenient exchanges.
The National Exchequer system, as proposed by
the President, and as detailed in a report OF most
mastery ability by the Secretary Of the Treasury
about year since seems well calculated to furnish
such system Of Currency and Exchequer as the bu-
.incss and peope Of the country require. Yet so
welded to favore political projects are the ultra poll
tcans Of the two old parties that while they can agree
in nothing else, they both unite in opposing what
would superccde the idol policy Of each. One class
Of these ultras want specie Sub-Treasury and The
other class is straning after National Bank and be-
tween thi, upper and neither milestone the great in
teres,s of the country and Of the people are being
ground to powder.
Both of these ultra systems have been loudly and de-
c,dedly condemned by the People. The one was put
down by the elections Of 1910, and the other as sig
nay discarded by the State elections Of 1912. The
true interests Of the People lie in the SAFE MEDIUM
between these two extremes. And unless we are
greatly deceived in the signs Of the times storm
rising which will sweep III perfect tornado these
uLrRA AcroRs Of both political parties from the stage
and result in Administration conservative ~ it'
character and mindful of the true .terests oil
the great mass Of the People. No man who stands
pledeed 20 either OF the ultra systems upon the great
hnance question will be elected 10 the Presidency
in 1914.