The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1843-02-06
TYLER's EXCHEoUER PLAN.

by turning to the transactions Of Congress on FRI
day, as they appear in our journal of the doings Of
that body, 1t will be that President Tyler's Ex-
chequer project has received quietus. OF his half
dozen particular friends in the House. known as
and called "the Guard only two found themselves
disposed to support Tyler has pressed hard this
scheme upon the House by every influence within the
control OF Executive power; indeed, he has done so
to so great an extent that some members we doubt
not who were disposed to try it, felt constrained to
vndicate the independence of the legislative author
iy of the land, well to rebuke the Executive,
TO vote in opposition to it After vetoing every pro-
ject to regulate the finances of the country which
promised to answer this end, he prepared one him
self, and presented it to the country, accompanied
with an ntimaton in various ways, that if Congress
would adopt precisely he had dictated it. why,
well aud good and it should be signed and that is all
j will do Such has been the temper and conduct Of
"the Captain and his friends. Acting thus he
could not expect any body of men, not ready to be-
come vassas, TO bow TO his dictation. Yet for all
this, had Congress had confidence in the utility oft
scheme it might have been passed.
There two bills before the House to create
financial agency-one introduced by Mr. Everett of
this State, the other, by Mr. Barnard of New York
and one upon the table of the Senate presented by
Mr. Tallmadge, Of New York. These will all be
considered and acted upon, but the adoption Of
either OF them by Congress is quite doubtful and the
Executive sanction not expected. The ma jorty
seem tired OF vetoes, and have reason to hope
that Tyler would sign any bill, which in their
Judgments would be adequate to remove the financial
evils OF the country. Hence they consider all labor
expended in maturing one merely "fools play''
The locoiocos still cling pernaciously to their low
wages and price reducing Sub Treasury project and
will not consent to receive any thing ese
Bitter is the fruit we are now realizing of the folly
and madness of Jackson and Van Burenism Our
present ca'ames had their origin in the war wased
against our then sound safe and abundant currency,
by Jackson and successfully prosecuted by Van Blu.
rcn; but in the success Of the people in $780, the
nope was excited that this had been ended. But
eachery blasted this cheering hope, and the ruin of
Jacksonism and Van Burenism, is still upon u.s. and
to some extent must remain however unwelcome a
guest, till the country is put back into the position in
which it was when Jacksonism begun its whitening
and blasting career. The country begins to feel this.
Many strong men whe, in an evil hour, pushed on the
war against the currency, now convinced of the
destructiveness of ocofocoism as commenced by the
hero of New Orleans, and carried out by his two
SUCCESSORS. Moved by this conviction, Gen. Hamil-
ton, one Of Jacsons influential supporters, re.
Gently remarked, that the ''bahIe of .New Orleans
had cost the Country SEVEN HUNDRED
.M1LLION OF DoLL.ARS." BY this he means
to say that the effect of locofocoism has been to
make the country SO much poorer When this truth
becomes sufficiently impressed upon the public mind
the country will return to those republican measures
which protected and benefited the people, but which
the bosom oflocofocoism swept from the land.