The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1844-06-10
Vol. 7. No, 46, Whole No, 35E

new modes of applying artificial power But mean
time the general progress oil society goes on;-lile
becomes more eXpensivG-the education of children
costs more the general habits of life require
outlay. lit be true that the agricultural interest
has not and cannot diminish the cost Of production:
and if on the other hand the necessary expenses OF
the vast mass Of the population OF this vast country
are rather increasing is not orhe first importance
10 the huppness 10 keep up the prices oil ng
ricutural productions 10 reasonable and just rate
rate which shall afford fair remuneration to tho
farmerI And if it ia just and eSpedient, fit bo the
part Of political wisdom, maintain the rates Of such
products SOFAS afford fair remuneration for ngri
cultural labor, TO enable the farming interest TO
maintain Itself, then say we can accomplish this on
~ 10y finding somewhere in our own country, near
market; somewhere in orr own country,a people not
ngrcuu.ts, not producing themselves, but ready 10
buy and pay good price for that which the farmer
has'to sell
look, therefore, upon it altogether n wrong
statement Of the question TO say that Tariff for Pro-
lection s alone n'icinl, mainly beneficial TO
manufacturers. regard it essential TO the inter
csts Of agriculture, which may be regarded ms the
foundation Of tho country ,nasmuch as ii creates mar
ket for its productions. And am disposed 10 pass
the few moments allowed US here in discussing these
things which lie The foundation Of the prosperity of
the country, and which if understand tho matter.
form the platform Of Wing principles.
Well, them shall we have this Tariff rot 2
The Tariff is settled so fnr-but it is n party
question: II has been introduced into tho party
tests, and VIC know that among those who op-
posed party feeling is strong There is much
concession, much tenaciy grcnt deal Of glue 10
cause them To adhere What has hcen the result
You observe that all the drl' and discipline Of tho
Party is brought tn bear upon it, Thrift or no Tar
if is the great and leading line Of distinction between
the two pnrcs If not, what is Unless, s
said the question Of The annexation Of Texas, Of
which wish to say nothing now, is TO swallow mp
all others, this question must still be regarded as
those in dispute between the parties; now how
do stand in regard TO it? Here nre five or six
ooc, b,x.o
the prasure to know, representing this State in the
Congress Of the United States low their
votes found We Of course suppose them sufficient
~ attached 10 their party to induce them, so far as
they can in eonscirnce,ro support their panty What
did they do Every Of them, believe, felt
compelled either by conscience ty his response
by to his fellow citizens, his electors (Which is
generally n tolieruhly good conscience for political
man, they felt compelled 10 give their votes against
their party and in favor Of Ncw-Ierscy Thus was
the proposition to repeal this hill laid the table,
nvowed'y, beiievc,its everlasting rest They be-
long, need not shy, to the majority in the House.
And now, what is to he the result What we
to expect IL to he supposed that these gentlemen.
thus voting against the objects and principles and
spirit Of their party their responsibility 10 their
constituents, will come home among you and urge
10 support Tor the first and second offices in the
nation who they have think. will Ia
Dor not with them but against them--men who will
he obliged 10 advornc views Preirdcin' to the inter-
csts of New Jersey | wish to speak with all re-
SDGCt OF those gentleman. nave aluueu III mem
only as nm instance in which conscience sense Of
duty ard responsibility, having obliged to differ
great principles froa their party.
Passing from this let me say few words on another
topic.
Tnthc contest of 1919 the currcdcy question form
ed material element
shall not now enter upon the discussion Of that
with view Of examining the retrospect
tive adopted proposed at any time by any
party for the purpose Of securing safe collection Of
the revenue, or providing proper currency for tho
transactions and general business Of the
l have nothing to say Of suh,Trcnsuries, National
Banks, EXcheqmcs. On all these subjects my opn-
ions have been sufficiently often expressed and have
nothing to add.
But the present state fittings is interesting as well
as gratifyng and aboundinS it does in many bless
ings and much prosperity, is not without its dangers.
There are dangers and evils, well IA benefits and
nd vantages in that mixed circulation Of coin and pa
per which now exists among That that mixed
will continue seems certain. That far tho
greater part will consist Of paper until there shall
come another day of disnstrr TO the Banks seems
certain also. That this circulation in s present state,
while the Banks which issue il in excess is
lent, and beneficial any local circulation can be-.
may he also admitted. But uether Of these things il
more certain than that dangers hang round the sys.
EN-, call ng Cor and discretion, oversight ard
from the Governu eni. in the absence
nF the exercise OF any powers Of the Government,
from the Banks themselves, and from the community.
have ever been, and am still of opinion, that this
guardianship and superntendence ofthe currency. is
ono Of the CONSTITUTIONAL appropriate, and necessary
xcrcises Of The authority of the National Govern
nent. HuI tha, point, do now propose TO ar
que to touch But wish to state hat consid-
er the danger 10 be- and whence it arises the end
that the country may he led forget the existence
Of the danger, although it he at the present Moment
standing in appalling attitude before
Indeed, have nchrg 10 say brit hat has been
often said and better said before. The topic, howev
err seems altogether inappropriate, ~ it is lie-
" TO minglc itself, more or less, with the ensuing
election, as well ms being at all times Of high impor-
ance to tho public. H..
What have to say, shall endcavor to sav in tho
ewest words. and in the ceanes; manner possible;
without pretending 10 novelty, or regarding my opin-
ons of more value han those of others, t.
Gold and silver tho universal standard of vnuc
md medium Of payments, among al. civilized nations.
All the coin in The world belongs 20 all commercial
nations in the world; ench having naturally a share
IF it, proporoned TO itS commercial business and
f Bills OF Exchange were unknown, then coin would
exchange hands, from country 90 country, in order To
Dny debts, md settle balances, the course Of trado
should have created such balance, the one side or
he other. Coin is the universal solvent of CONNER
,ial haanres tho general pnymnser whose Office it
s. to squire accounts, arising from the interchange