The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1843-11-23
Nem Fork Correspond emce.
NEW York, November II. Is

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NEW YORK, November II, 1S43.
IL must be.a source of just pride with the
PRESIDENT, ash lis with his friends, that his fore
cast and wisdom in resisting the attempt of the
wing leaders 10 divert the proceeds Of the pub
nc lands fronatAe Treasury ofthe United States
nave been s6cleaily demonstrated AT the time
ne declared The course he would pursue, State
STOCKS, and even those of the General Govern
ment, wers begging their way in every marke,
But the rloqt1A ii became certain that the Pre-
sidents policy Gould be, first of ALL to establish
the credit ~ ri United States by outstanding
all the ppk1eik8curces to tina. end, things be-
gan to Yr1f ore favorable aspect You will
TemembsFin one Of his messages he pre-
Diced q 4tFNaf oesgeste credit, as a resnl, tina
would inevitably follow, if the credit of tn
General Government could be firmly re-estab
llshed. Al that time il was impossible to eflec
loan even upon the credit of the latter excep
at ruinous sacrifice but Mr.. Tyler perseveret
IN his policy, trumphed over the plunderers ir
Congress, carried the measure of retaining the
land fund IN the Treasury, as the basis of pub
lie credit, and what has been the result Z? TIE
United States loan now commands a premium
OF 20 per cent, and holders are confidently look
ing Tor further advance, --the stocks of Ohio
selling at that time for from so to 60 cents or
the dollar, are now at par, and their tendency is
upward indeed all State stocks on which the
interest is regularly paid, have risen in nearly
the same ratio ;-even those of Indiana and Hi
nols have experienced an advance of more than
100 per cent. on the price at which they were
sold eighteen months ago. Thus has the pre-
diction of the President been fully verified, and
the soundness of his craftsmanship on this sub
Ject beer clearly and triumphanlly demonstrated.
In connexion with this subject, it is not un-
worthy of notice that trade has revived in all its
branches, the commerce of the country has been
greatly extended and is now in the full tide of
prosperity, the revenues exceed the most SAN
gulne OF all the estimates and expectations in
dulged in year ago and, better STILL they have
been collected and faithfully paid into the Trea
sury. The punctuality which has been required
and enforced by the present Administration has
scarcely parallel in the history of the Govern
ment. We hear of no Swartwouting,n no
defalcations, no enormous sums converted TO
ed up TO cover the deficiency.
So far as the city of New York is concerned,
and IL is the chief point where revenue is col
lected, there is certainly no just cause of com.
plant. The contrast in which things now
stand between this and preceding administra,
tons is certainly matter of just pride in the
mind OF every sincere friend of the President,
and one well calculated to inspire public conf
dence. Not only are the public officers here
faithful TO the Government, but none, al any
tsfacion to the public. | speak, Of course, of
the Post Office and the Custom House In
these establishments uniform prompness and
fidelity are rgdy enforced from the highest TO
the lowest subordinate.
An attempt is made to carry abroad the i'm
preston that the defeat Of one Of the Demo
cratic candidates for the Assembly was effected
by the Government officers, and that they are
responsible for the getting up of what is called
The Mike Walsh Ticket" This fiction is
escorted TO in order to shelter the Van Buren,
men from the odum and dishonor of having
scratched the names of Mr.. Tyler's friends from
the ticket fairly and regularly nominated by
the Democratic party. They "shoud wear
longer jacket or steal shorter fish" They
claim that Suydam and Shaler deserved defeat,
because, after they had been nominated by the
Democrats, Mike chose TO put their names on
his ticket When once nominated, could the
party, with honor, withdraw support from them,
because they were also nominated by small
segment of the party who follow Walsh? No
man claims that they are Wings. They are as
good friends to the Democratic cause as can be
found in this city, and personally, as worthy as
any men on the ticket; why, then, were they
stricken off? The truth is they are not Van
Buren, men, and his leaders intended TO defeat
every man, by erdsing his name, who was not
known to follow wherever they should please to
lead. Suydam would have fallen with Shaler
had not the friends Of the President made
strong effort for him the moment the treachery
OF the Van Burentcs was discovered.