The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-01-28
HOUSE, OF REPRESENTATIVES,,

HOUSE, OF REPRESENTATIVES,,
January 26.
Mr.. Wise's speech on the Exchequer, to day,
displayed more close rallocinatIon than the usu
al efforts of that gentleman, and was happy
vindcalon of its merits.
The great argument advanced against the
Exchequer scheme by those who would excuse
their opposition TO il, is the power delegated to
Congress of issuing a certain amount of bills
in other words, of borrowing on the credit of
the nation limited amount Of money Tor GER
tain national purposes. The very statement of
the objection, exposes its ridiculous purport.--
These pursts would preclude our National Lee
gislature from the means of sustaining the Ma
lional Government. The end TO be obtained,
directly or indirectly, is a temporary loan, con-
tracled as exigencies require and redeemable at
WILL Now, no plausible objection can be start
ed against the means, if strictly constitutional.
so long as they conduce TO the proposed end;
whether Treasury notes, or Exchequer bills, are
the representative medium, 1t matters not, so
they are equally available.
MI w isc iOiIlpiS HIustldttu tUt ulHcItlCG W.
tween the National Bank Of the immoderate
Wings and the Administration scheme of Elk
chequer. The power TO grant charter for the
one purpose has ever been, AID is, problemali.
cal-the other is liable to no such constitutional
objection. The one was intended for the emol-
ument and pecuniary profit of individuals, ire
spective Of great national ends--the other, with
IN, III k,,t -
ing individual interests through general prospe-
rity, attends Immediately 10 the wants Of the
Government, in the security Of the national
tunds,aud their proper tran smsslOn and dlsburse-
ment. The charter Of Gank runs for a certain
time and during such limitation its power is
irepressbe, uncomfortable, irresistible. The
directors are money kings, and can 90 no
wrong. The Exchequer was maleable, easily
changed, Immediately subject TO the watchful
jealousy of the creative power. 1t is revoca-
bic al pleasure, and changeable with The adj
vance Of financial science.
Not only in argument was the gentleman from
Virginia fectous-n ridicule he was equally
so. MarshalPs metamorphoses, as poetcal
and as absurd as Ovid's, though not in
spired by love, he exposed to the mer-
rment Of the House. The distinguished
member from Kentucky has, for some days
past, been laboring under the pressure of a Sc
lvere nightmare, which assumes different
shapes, as his melancholic, or rascible humor,
most predominates. 1t now appears in the form
Of Mont Blanc, with frosty glacier on its
summit, benumbing his limbs and congealing
bis sprits-snon Vesuyius, in state of violent
eruption, spouting smoke, and flame, and lava,
and overwhelming, in one common run tenn
lple, and tower, and cottage, aud all creeping
things; now mighty man Of war, rejoicing in
THE exu5erance Of his strength, and tyraunous
in its exercise and now the Secretary Of State.
who, amid the phanlasmagoris Of his vision, be-
comes one and all, rapidly as TO seem to be all
ogether, Mount Blanc, Vesuvus, Samson,
Daniel Webster,
Ii struck me, az listened to the feryid elo-
snence Of the celebrated Kentuckian, that he
had jumbled together most incongruous lot of
ileas; but as | supposed such might be the
syle of Western oratoy, ! made the proper
allowances. Eloquence, like morality, is I'M
'OuottuN one thlng al AlhenS, ana another IN
<ertucky and if there be few differences of
ltyle and thought between Demosthcnes and
kentucky's gallant son, call to mind the vast inn
provements that have taken place in the noble
science of oratory, since the days when the
Athenian fulmued DER Greece and This
allowance should be made 10 the memory Of man
not undlstiDguished with his contemporaries
that the vast sources of information possessed
by bis modern more fortunate competitor were
I denied him, and that if he has been exc, He'd in
these latter days, the victory has only been
achieved by the arrows Of his own culver.
| | must repeat that Mr. Marshall has been too
much troubled aud Twill he pardon me for say
i ing 1t y has too much troubled the House with
/ his ideas Of Daniel Webster. This John
Jones, Of the War Office" evidently distracts
his attention from bis legislative duties, and in
terferes IN all his contemplated arrangements
| Cannot he exercise the iend Has he tried the
most approved proceedings in such cases Has
be spelt the Lords Prayer backwards Has
he fumigsted bis ROOM Has he don any
1 thing2