The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-13

lie mind has settled down in the quiet anticipation of a
pdly increased business for the ear the politicians
will do nothing Congress, with its presdent-making
brawlers can do no good to business It's only province
mischief and the growing confidence that it would ad
eurn without doing thing had begun TO exert bene
ncia influence upon all classes OF business Congress
viewed much like an elephant passing through crowd
ed street. Men pause from their occupations and gaze
upon the monstersome with curiosity, and others with
dread lest 1t should become enragea and do mischief
passes quietly by they draw long breath feel relieved
and resume their business Congress thus has gone
along quietly it is giving symptoms of uneasness.
No one expects any good from it, except those who wish
to ride into power The people only afraid will do
harm. The exchequer schemes have been brought up
and exhibit hundreds of different aspscts-c based upon
the suppostion that some emission of paper promises
some borrowing scheme necessary to the welfare of the
people, One person proposes to issue any amount of
vernment paper based solely credit another proposes
to borrow Sl6oOOo of paper the banks the banks
could sustain larger circulation simply because the 60
vernment borrows the paper another proposes to issue
paper dollar for dollar of SPECIE and at the time
proposes to pay out the sp Gle afterwards The President
in his first message June, ls4l limited at paper issues
based upon the pubic land. This idea has been
thread bare by gnoramuses who undertake to regulate
the currency The President and the departments
been down with plans from wseacres who continu
ally NEEDLE with that which they understand least One
individual with "enghtened views,n from New York,
proposes issue paper to pay all the State debts build
navy ard and navy upon the Oregon Territory build
forts and light houses cut ship canal through the 18TH
mus of Daren and other great enterprises This paper
to be based public lands at for every call
ed dollar issued The Of the Government to be
lento the States without interest All these enterprises
would probably take $1,000 100000 of paper acres
for they cannot be called dollars Dollars pieces
silver which procured by labor and given for the
suits of similar quantity ofabor This paper represents
only acres and the face of the earth may be with
them almost without any labor at all.
They would certainly give circulating medium enough
We like this plan upon the whole because the protector
does not boggle at few millions. fpaper good thing
he means to have enough. No small pota with him.
To be the French Republic did the thing-they
flooded the country with assgnats, payable in church
lands and the whole lasted but few months that
failure might be because the assignats engraved
beautifully they be done now and the paper
not good AS to the lands why course no body
wants any thing but wild land The whole country is
willing to work and to give its goods and produce
of paper promising fland This plan is good
Of the borrowing systems that have been prepared
and ridiculous than that of the Secretary.
The currency of the country is bee omng daily
sound-Business purifying itself of all that which de-
stroyed confidence The exchangeswere uniform
and regular The aggregate wealth of the country is i'm.
mense and its trade must undoubtedly rapidly advance
prosperity with the opening of the spring. Nothing is
wanting but to repeal the late prohibition and destructive
tariff and impose duties at the highest rate The
that nothing than this would be done by
Congress would give great impetus to the returning
buoy ancy in commerce.