Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1843-03-08

Upon the other hand the Democratic party avow and
maintain the doeuines, that the Federal Government has
no other power the currency than that which in
Volved In those coin gold and silver and regulate their
value, and 10 provide tor the collection of its in
'ha, medium; and that the people expect too much Of
'her government when they demand any further effort
accomplish the high duty IT giving sound and uniform
currency TO the country To Mr. Van Buren and his party
the credit IL be credit Of discovering these new poli
cal principles, is due. They announced late
peuod OF his administration, under memorable circustan
ses was when the successive experiments OF the "Pe
banks"andthc Sub Treasury had the fument Of Wing
prophecies failed furnish and TO regulate the national
currency, rs confidently Promised by their orgna
tors, and us conidngy believed by misguided people,
anu when that people, amidst the hrocs and commissions OF
inc monetary system consequent upon the failure OF those
projects, directed their hopes and entTeates that ad
mnstrnhon 10 devise efficient regulator OF the
reney that refused make further effort stay the
uu ~ num- winch was sweeping every thing before IT, and
shrinking within the Of its sub Treasury announced
st people, haits sole duty was 10 take care of itself
and that they expected much Of their Government in
looking To II for relief from the evils of unsound aud
unequal currency How that annuncatsn upon the
public ear you well rccocci How IL carried dismay 10
your hearts, and followed by ruin your fortunes
VIII not forget As adjunct these dogmas
the destruction OF the State Banks contemplated by large
portion of the Democratic par for in otherwise
the coinage Of specie give currency OF equal value, cred
uand use, wherever may circulate, the country. To
regulate by destroying IT, would be o make
solitude, and call 1t peace"
In connection with this subject another having an in
seP1rahe relation it, presents itself your consideration;
and that IS the and policy OF the Government the
bursing OF it, The action of that agent the
exercise OF the limited powers, will necessarily ill.,
vovo considerable II controlling influence the
National currency. The Democratic party have staked
themselves upon the Sub Treasury" their project
fiscal agent and IN regulator Of the currency
The defects OF that project nave been heretofore fully
posed The power which gives its managers the
State banks by which they and probably will be de.
stroyedthe tangeousncrease OF Executive power derva
bic from Tits unsaieiy place OF depO-and
tire neongruiy with our free institutions have been made
manifest and have impressed upol tyour seal
OF condemnation. You will not, YOU cannot, give
your APPRECIATION for has respect changed its nature
In it, character action and effects is equally sbho rent q
your reason now us when last spurned from your pre-
scnce.
The Wing party now. in lS40 advocate the creation
by Congress OF National Institution, which will be liable
IL wel-tOunded objection and which, while il will give
sound and wercgulNted currency by acting har.
mony WITH and peuecng our incomplete and inei
hcen system OF currency will be constituted the agenttor
the collection saiekeepng and discussing OF the public
revcnuc-an agent which will exercise a covert and
stuions-nor increase the already overgyown power of
the ESeeuuve-nor expose your Treasury be plundecd
by the e0upt-nor leave You endure evils OF
sound currency while 1t secures 10 your government and
its officials, sound one.
Thus stands the issue between the parties, and is ready
for your decision. That decision YOU make. We do
and will not appeal any passion or prejudice 10 in
huenee you behalf. We feel too deeply the maeni.
ude OF the subject and the consequences OF your decision
IL u question OF solemn importance, in the consideration
Of which, YOU should rise above the Influences party
and regard IT, in ts character one Of governmental
power and poiey-in deciding which YOU control the dcs
TIMES of this nation long after the present political parties
will have passed away.
If your calm and deliberate judgments YOU believe
that national and individual prosperity without
sound and uniform currencyf you believe that the
duty Of your government supply and regulate such
curencyE you desire behold the destruction of your
State banks and OF that system OF credit which has opened
the vistas OF aifuence and Of distinction the humbes
individuals in country-f you willing find lower
depth IN that deep of national Distress which YOU have
sunk-you have only throw yourselves into the arms of
the tic In,
H. however, you feel the necessity OF having cur
rency-igou Institutions and your
credit Syiem You believe that Government Is bound
10 supply and 10 regulate your currency and should do
by the creation Of SYSTEM which will destroy but
will hannoaiso with and remedy the defects of your pre-
sent System OF curency-thereby enabling you
10 pursue with successful industry the occupations life.
without fear Of having the fruits OF your abours swept
from You IN moment, without tau-f YOU desire u con.
nnuance OF that policy which governed your Washngi1ns
your Jeersons and your Madson- and made this union
what has been, your will sustain the Wing party who adj
vocate that policy, and propose the only MEANS by which,
Judging from past experience, those results be attained
TO BE CONTINUED.