The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1843-01-06
From The Michigan STATE Journal.
THE EXCHEQUER.

The want OF a sound and uniform currency has for
years been of the great evils of the country. Var
plans for the regulation of the currency have been
proposed and rejected For the last twelve years the
currency has been without any regulation stability
Uniformity certainty has been out of the question
The public mind has been embttered and distracted
on the subject No plan yet proposed for the regu-
ation OF the currency meets with general approba-
ton. Every man has his own plan, and no two plans
agree with eacq other. IL seems TO US that under
this diversity of opinion and uncertainty of the cur
rency the scheme proposed by the Executive, is the
only system that can possibly meet with general APP
probation. The Exchequer will in opinion fur
nish safe and sound and uniform currency. II will
unite and settle the public mind the subject of
national currency, better and permanently than
a United States Bank a Sublreasury II is sort
of medium avoiding the evils of both, and securing
all the henei Of each. We hope that it will be
adopted by all parties. The currency, the life-bloOd
of the enterprise and prosperity of the country, has
been long enough the play thing of party strife. he
great interests of the nation have long enough been
sacrificed Oh he altar of party elevation. We say
then, let the people try the Exchequer. Let have
some system, or let be known that we to expect
no aid from the Government in the regulation of the
currency. But for the honor and welfare of the ma
ton, let this nterminable cal warfare sub
jects Of vital importance cease. Once let men act
from higher and nobler motives than the sustaining
OF party, and party measures without any regard ~
the welfare of the country.
We believe that tho candid and rejecting of all r.
ties willing to give the Exchequer a fair trial.
1t is better calculated TO calm and appease the unset
tied state Of public opinion on the subject Of a nation
al currency, than any other scheme than has been
proposed, and it would seem, that the measure it,
self not being of s'rct party nature, might COM
mand the favorable support of all men, who really
wish for the final settlement of this exciting and dam
gerous question, and have other interest at stake
than the welfare of the nation,
We believe that Congress at its present session will
take up the subject with better temper than hereto
fore Although disappointed in the favorite measure
OF United States Bank, we good reason why
the Exchequer should be abandoned because the Ex-
ecutive has fit to veto bill for for the former
And whatever may be the faults of the Presd nt we
well satisfied that the people will not hold Con-
gress bIameless, if they ohstinately and oolishly
fuse to pass any measure, excepting such they
slider the very best, throwing other measures out
Of the question. We hope them that Congress will
Immediately pass the bill for an Exchequer into
law and know that the people will sanction the
act. We are further confident that when it shall be
IN successful operation, that it will be found to an
all the pun poses designed by such AN institution
and the eternal cry OF an unequal and unreguated
currency will die away in the general appreciation
that will follow IFS establishment,