The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1843-02-13

| tho ros,t oc this ceost in broken meats and empty
mates Won well know 1t has left country paslel
| indeed hungry in flesh and poor in spirit doubt,
since the creation Of the world, whether such an
ample can be exhibited we have presented for the
last sixteen years orfolly and nis-govenment No
Southern planter would permit his plantation for one
| hour to be governed with such lack Of sense and
providence. The Callios and Iouentots, in refer,
cncc their condition. doubt not, have been gov
erned with policy far more vgiant and enlightened.
county Of immense resources, in period Of pro-
found peace, OF the verge Of bankruptcy! Any man
who will read lIumc's essays "Pub.ic Credit"
and "Meuoy, can he at no loss 10 IT &C our pres
ent condition 10 it's true cause. We have been suffer
ing since General Jackson destroyed the Bank Of
the United States (wth the exception Of short pc
rod Of distcmpcrcd Initiation created by his
measurcs) undcr steadily diminishing circuation
which the eminent philosopher to whom have re-
fercd has declared to be Of the worst caancs
tina: bel civilized country far more disastrous
'ihan the continued blight Of univorablc harvcsts
and seaaons - This result has been first in the con-
slant action Of tho Federal Government their sup
pored modtated action on the Banks Of the States
which crcated,a universa! panic, and has compelled
the Banks to withdraw their ciycuntion and next the
obeyance their sovereign function to supply curren-
cy equal to the wants of the country, and to 'srcgu-
late It's Value"
The consequence is, tia, tho States have nothing
in the shape ofcedi, or money, at home TO pay with
abroad. Every species Of property has fallen rrom,
City to hundred per and the standard Of val
nc so seriously disturbed that man in 1880 might
have had property TO three times the value his debts
yet he is pso facio ruined by the silent transit Of
country from rcdolant circulation to what some
pleased most faiicousy to call hard money chr
rency-when the fact is that can procure neither
that which is hard, or soft.
by this alteration in the standard OF value revo-
luton in porcn,ous prog, in country MS wide
spread and Gcsoating far property is concerned
that which distinguished and illustrated the master
pieces Of human policy or the lobespcrrcs Danons
ard Murats ofanothcr Inflated country, which in its
time was governed, by its demagognes toe, who made
paper money thick that it showed asignas in the
streets Of Paris and then turned round and burned in
their phlenZy their own handworl5. Look. my dear
sir at the thousands and tens OF thousands of fani-
lies that have been ruined that have had unutera-
b'cwoc carried into the very bosoms of their houses
by the rostrums of oar political quacls who in their
senseIcss war on the very banks they crcacd gave
time 'thy the preparatory revolution Of the inter-
vening dscords" for the country pass om period
Of expansion to one ofseye'e and aid rcstricon.-
TO those who have been ruined in these unhappy !
times, whole estates have passed under tho tender
gripc OF the sheriff, the oral justice of Gen. Jack
sons memorable a1ohosysm will be bat dry crust
'that those who borrow money ought to breas,'' a
doctrine ont Of which their creditors likely 10 de-
rive as little comfort themselves, although it must
be admitted that the General tre all he could to Sc
this blessing to the country. But, my good SIR
the day Of reckoning must The account will !
be adjusted now by posterity hereafter. One OF
its first will be to settle what the victory Of ~
Orleans has cost US. These arc generally expensive |
pngeants any row. Ronapare probably never achiev
ed one for La Belle France, except to the tune of
twenty millions Of francs-to say nothing of the lots
Of s'crackcd crowns and bloody noscs'' he left on the
field Of battle.
But lis victories, in cost, were no more to be COM
pared to the victory of New Orleans, than a penny
whistle is to paron NIunclauscn's celebrated clarion
under April thaw. calculate that the victory of
the sth Of January cost five hundred millions OF
dollars, besides the small expense of ontaling upon
tho country ga set ofdrvoers whose folly has taken
away all dignity from distress, ard made even culam
y ridiculous" You will say hold You and are |
greatly responsible for this heros getting into power
Yes, it is willingly would expiae this nsir,
with my blood, if I could recall the fatal past But
this is impossible. Let US look with courage and
oulon to the future. care not what your abstract
theories banking are, whether they agree with
differ from my I believe you have you had !
at the close of the late war, the of mind,
and spirit to lift the country out of its present deep
decadenco. Yes, my dear sir, believe your ambi- |
ton and your genius arc on level with what is !
great and glorious in human action and enterprise
The field is before you-takc the lead in great
public measure, whether it be Bank Of the United |
States Exchequer agent,it is U,maeria so that
shall restore confidence nvigoratc industry, give to
us an abundant sound, circulating MEDIUMS drag up
from the deep the drowning credit Of the States. TO
this, and if the first honor of the country does
await you, its last blessings viii rest uron your fame.