New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1843-04-21

LAYING all or even half the blame on lis defenders
Why is It that IN all Financial and Currency per-
plextics the eyes even OF the previous opponents
of a National Bank have been turned to the crea-
ton Of one as means of extrlcatIon Does not
this indicate that the unbiased good sense OF the
Country, when allowed to be heard, recognised IN
a National Bank an instrument Of order and not
chaos Of solvency and mot Msccurlty OF good
and no, evil That any B'ffh1k may be 50 mis-
managed as to break 1t, we perfectly understand :;
so may any Government Nay. more We fear
lessly appeal to the history of the world to confirm
tins position, that no National BaHk ere get
failed crccpt through the misconduct Of Mc Cor
crnment.
But we must hasten to a conclusion
The next column Of the Address Is devoted to
Pronunciation of the Remedial Justice Act, passed
by The late Congress on the recommendation of
the President, giving to the Fedora! Courts urls
dic,ion over all cases like AIcLcod's, where the
person indicted for an offence claims immunity on
the assumption that he was III the service OF a
I, Foreign Government and acted under It's orders.
As the assailants Of this Act are likely TO take
nothing BY Their motion, we let them press II I'M
answered, merely rcmarklng that ii would seem
hard that "a single State should have power to
involve the whole country IN war by hanging an
officer in Foreign service, and all the States be
obliged To fight III a cause which nne- tenths OF
them considered unjust. If the whole Union
mus, abide the consequences of an offensive act,
the Union ought to have a voice in doing or re-
framing from It,
The Bankrupt Law is next denounced; then
the Distribution Act--both now repealed, the
first through Difference to mistaken and unds-
corning clamor the second through Presidential
trcachcry- Sorry are we that such is the fact;
but we will not wrangc over their graves
The largest cruet of Regency indignation,
however, is poured out upon the proposed Assump-
ton of State Debts, or rather the Plan of Mr..
VIM. Cost Johnson. This plan, it is known,
contemplatcs the creation OF a National Stock of
Two Hundred Millions of Dollars, rcdcemabIe at
pleasure, drawing three per cent interest, and It's
hpportionmcnt TO the several States of the Union
according to the Federal Ratio This stock, il is
calculated, will be gladly taken by the creditors
of the embarrassed States III exchange for Their
5, 6, and per cent. State Stocks now greatly
depressed if not unsaleable. The Country Will
thereby save the difference between paying three
and SIX per cent. on Il vast debt TO Foreign Capt.
talists the dishonorcd States be relieved and re-
stored to sovcncy; while those which neither owe
nor wish to engage IN works OF Internal Improve
ments may keep their portion of 1t and draw their
interest upon ii, which is secured by pledge of
the Public Lands and their Procecds.-Such Is in
substance the Plan of Cost Johnson, which has
been approved by Seren out of over one hundred
and forty Wing Members of Congress, and to dc
nouncmg which three columns of the Address
devoted, while It's authors have not column to
give TO their own doings. We do not advocate
that plan, though we have no doubt that It's adop-
ton would greatly diminish the pecuniary en-
barassments of the Country, and etface some
thing of the stain of Reputation from It's honor;
but when we sec 1t opposed by such assertions as
that three per cent. stock OF our Government
would not be worth over 80 cents on the dollar,
when the British three per cents. though enor-
nous in amount, arc worth over 81; and that il
would tend TO raise the value of our dlshonorcd
State Stocks, now down 10 IL cents on the dol
lar; that 1t would secure 70 the States the whole
Proceeds Of the Public Lands &c. we are led 10
think more tavorablv of than hitherto.
In the whole nine columns of dissertation on
or con, OF the Tariff Expressive silence.
Finally, the Wings are abused because the
National Debt has increased since 1871, when
the Van Buren, Administration lett Revenue 80
utterly inadequate that the increase OF that Debt
Was inevitable, and was ioreSecn and provided for
by that dynasty they arc condemned Tor The con,
unuancc OF Treasury Notes and the depression Of
Prices, when their measures calculated to put an
end 10 both were defeated by Loco-Foco hostility
and Tyler trcachcry and they are even charged
with the Vetoes, the paltry Prescriptions, and gene
raj baSeneSs OF Tyler himself! es, Cqieb Cush-
iRs's boastirg OF the Executive az a Constitu
uonal fact said 10 be the language of one Of
the most proninen, of the Whig orators and
Statesmen" and Tyler's second round OF re-
movals for opinions sake is held up as Wing
procedure by Legislative party whose own
Speaker IS one of the new Pos,mas,ers appointed
IN place OF a Wing, whose Governors son Is
another, &c, &c, Ii this is not dishonest and
swinding, what abuse OF language for purposes
OF deception could DC 50
ADVANTAGES OF INsrEcuox.-one of our Pro
vision-packers, who furnishes tayor,e brand,
has been offered one dollar per barrel more for
his Pork without the inspec,ion-bEand than he
can get with ii. And what is moro, he has sold
Pork at this rate, during both this year and the
last, and taken the risk Of beng fined.
II RKANns'S ENcYcLor.s:nlA OF Science. Lat.