The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1844-05-31

extract is taken, denied that the Independent Treas
lurv system would or could have the effect to pro-
duce the disasters upon the community which its
enemies attributed to it. The effects attributed
were, that it would destroy the banks, break down
the credit system, establish an exclusive metallic
currency, reduce the value of property, and the
price of labor He denied that the bill possessed
the power to produce such effects; and Gas all his
speeches show) was opposed 10 an exclusive metal
lie currency in the then condition of the country,
owing to the manner in which the commercial, mer-
camille, and general interests of the country were
interviewer with banks, paper currency, and the
credit system. No man trod more cautiously, or
advanced with more precision, and, at the same
time, with more frmness, in the reformations that
were then in progress in relation to the currency,
and to the control, management, and disbursement
of the national revenue, than did Mr.. B. The
safety of the revenue and its proper and secure
management, without materially affecting the chan
nels of trade and the general interests OF the coun-
try, seemed to be his highest object-for the truth
of which can safely refer to all his speeches in
support of the Independent Treasury plan, and all
financial measures appertaining thereto. speak
knowingly; speak from bearing his speeches
when made, and reading them when printed; and
vet, in the face Of all who heard him, and all who
read his speeches. John Davis puts this argument in
his mouth, viz: at (the Independent Treasury
contains the necessary corrective flor the evs] i'm
putable to the pernicous influence of bank paper,
as it will check importaons Of foreign goods, sup
press what we call the credit system, and by restor
ing specie currency, reduce the wages Of labor
and the value of property" And this argument,
which Mr. Buchanan never conceived, (or if he
did, never expressed,) constituted part OF "honesf
Johns" speech, and was heraded far and wide
through the country; and labeled and endorsed,
and heraded back again by every foul, filthy, false
federal sheet in the land; and by every hired bank
mnion and corrupt demagogue in the shape OF
stump speaker, from Daniel Webster down to the
most contemplate whig whiffet offedera mimicry
take it on myself to say, and hold myself respon-
sible that more meretricious falsehood never was
invented-a baser and more groundless fasehood
never entered the head or heart of any man. 1t
was falsehood worthy to be conceived by vile,
vitiated brain; worthy to be cherished by corrupt
heart worthy to be given birth to by polluted and
foul mouth; and worthy to be promulgated by
poisoned pen; and worthy to be endorsed by
reckless, unprincipled, and corrupt party. have
noticed this falsehood though at first personal: but
it was told and spread to deceive a nation, and it
did deceive nation. 1t contained in its beginning
the crime of falsehood, and in effect and end the
injury of falsehood name it and expose it, in
connection with others of like character, that the
individual community may guard themselves against
the effects of such falsehoods in the coming con-
test which will fall upon the country as leaves in
autumn by the blight of FROST
concluded next week.]