New-York daily tribune., 1845-12-25
The Poisoned Chnllce.


The Poisoned Chnlice.
When we see how grossly, how wickedly, the
Banks are now assailed in the Herald, Morning
News, &c. for contracting their liabilities and
strengthening their positions in view of the portents
Of evil with which the skies are darkened, we are
moved to indignation at the assaants and sympathy
for some of the assaied-for other some our tears
live in an onion. The last are those who when
the like broadsides of injustice and calumny were
pouring into the United States Bank in 1884, aided
to man the batteries and point the guns. When that
Bank was compelled, by most wanton and malev-
olert usurpation OF despotc power, TO pay over
more than Eight Millions OF Public Deposites with
In short period the necessity forced upon her OF
stringent contraction of her Loans and Liabilities
was palpabe to every sensible human being. Yet
for that contraction the Bank was assaed wan
ton creator of general distress and miserya iomen
tor of psnics and bankruptcies Rascay as this pre-
tenoe was, some Of the simple were deceived by ii,
beside that great number who stood ready 10 swallow
any thing asserted to the prejudice of the Monster
Now some of the more envious and sordid promo
ters of that injustice find the poisoned chalice COM
menced 10 their own lips The Executive uses Ian
guage in regard to our Foreign Relations which
lead many TO apprehend desolating War the
special organs and prominent supporters OF the Ad
mnstra,ion speak in tone still more warlike our
Cotton and Grain are falling in Europe, and OF
course here the reestabshment Of the Sub-Treasu-
ry and the breaking down Of the Tariff are urged
by the President, his Secretary Of the Treasury,
and by all :heir supporters from highest 10 low
es; All candid men must see that these measures
inevitably compel contraction of The currency
that the Banks have no choice bat TO take in
sail and lie close to the wind, or suffer general
wreck. They might go on lending and discount
ing, but they would thence be constrained to
stop redeeping and paying specie. They have just
one honest pursue and that Is 10 prepare TO
meet their engagements in the worst contingency.
The SubTreasury cannot be established. even in its
mildest or soulless FORM without compelling con-
traction of Currency and Bank accommodations :;
but if the genuine article is TO be esablished-the
real Hard Money Treasury, eschewing all paper
whatever-the contraction must be severe and ca
lamitous AL the sincere, hearty advocates OF the
Independent Treasury understand this they are
perfectly that it and the Paper Money system
cannot go on ,ogether-hat or the other must go
to the wall Make the Sub Treasur what ii purports
to be-a thorough Divorce Of the Government from
all Paper Money--and tho issues of the Banks gen.
orally must be reduced TO fifty per cent oil the
amount il stood attn October last. Otcourse this does
not prove tho measure bad one-it only proves
that tenn porary Inconvenience and suffering must at
tend its establishment. But when It's hollow advo-
Gates repudiate this Inconvenience, and revile
the Banks for doing the project eompels them to
do they are guilty Of gross injustice to all but the
class of bankers aforesaid, who helped play this
same game against the U. $. Bank in 1884. To
them /, is but right that the curses they unjus,ly
scattered should come home. They belong no where
else 90 truly as there.
w Hon. G. S. ORTIZ, staunch Whig' was
elected President of the Indiana Senate on Friday,
the llih inst race Mr. Bright, elected TO the United
States Senate The Senate of Indiana is politically
ned and j, was not until the Goth ballot that an cleo
ton was effected
ELECTION rs TESSEssEE.-EDwIN ii. EWING
Whis has been elected by majority of 1900 over
S'en' Trousdale, Loco-Foco to fill the vacancy in
Congress occasioned by the death of tho late Dr.
Joseph Fl. Peyton
: RON CusA,-The schooner Catharine, Captain
so.1 from St Jaso de Cuba whence she sailed on the
~ a'1,sed W yesterday morning No Of irnpor
crops verc abundant American produce a. WV. . nlsn,y
especially ihe article OF F.h which was drav IN mar.
ke' IN consequence Of the arrival of several French
vessels. 'eDeA
The coLDEsr frr-The AlSany Argus saws
The thermometer at Brownvilo, Jefferson cor,,, =,
the llh inst al A. NJ touched lsdegrees below zero
on tho l2,h, same time, 81 below Brownvale is sors
whS. famous in this way. On the 9Th February 80 the
snercury,there fell to 81 degrees below zero
ALTooEHES MisraKE.-The Tribune names
Mr. Herrick OF Name, the fourth LoeoFoco member
f Congress who had the ndependepce to vote against
Texas A mistake in toto There ia NOT particle OF
LocoFocoisrn about friend and neighbor Hon Rich
ard Herrick NJ. C. from Rensselaer, county, who Ia
she only ono of that IN the present Congress
ALBANY Eve. Jour.
T We acknowledge the corn bat must add
by way palation that the error was discovered and
marked though unfortunately aos corrected In shs
proof.