The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1846-02-28
PRESIDENT MADISON.


PRESIDENT MADISON. Il
In the following marked and convincing
paragraph expressed his knowledge Of
what the trainers Of the Constitution
meant and Intended by providing that
no Estate shall emit bills Of credit:"f
This prohibition, must give pleas-
ure to every citizen in proportion to his
love of justice, and knowledge of the
true springs of public prosperity. The
loss which America has sustained since ,
the peace from the pestilent effects Of
PAPER MONEY on the necessary
confidence bct,ueen man and man on Me
necessary confidence in the public cous-
cils; on the industry of the people; and
on the character Of the Republican Con-
ernment. constitutes an enormous debt
against the States, chargeable with this
unadvised measure, which must long
remain unsatisfed; or rather an accu-
mutation Of GUILT, which can be ex-
plated no otherwise, than by volun-
tary sacrifice on the altar of Justice Of
the power which has been the instru..
ment of it. In addition to these per.
suasive considerations, it may be OBJ.
served, the same reasons, which show
the necessity of denying to the States
the power ofregulating com prove with
equal force, that they ought not to be at
liberty TO SUBSTITUTE A PAPER
MEDIUM INSTEAD OF COIN.-
Had every State right to regulate the
value of its coin, there might be as ma.
ny currencies as States, and thus the
intercourse among them would be i'm.
peded. Retrospective alterations in
its value might be made; and thus the
citizens of other States be injured, and
amin osities kindled among the States
themselves. The subjects Of foreign
powers might suffer from the same
cause. hence the Union be discredited
and embroiled by the indiscretion Of a
single member. No one of these mis-
chiefs is less incident to a po,oer in tho
States to emit paper money, than to coin
gold and silver. -[See 44th number Of
Federalist. .,
AN ENDLESS JouRNEY.-We are all
travellers. All men have begun Jour-
ney which never end. Awake or
asleep at home or abroad, all men are
moving on with silent rapidity to the /;
world of spirits and Of eternal retribu-
ton. Time fingers not. Its swift cur
remit bearing men onward to their
endless journey. Their career is-not
interrupted by the river of death. II
is crossed in moment, and down the
traveller goes the track of intermina-
BILE ages. And vet how few OF the
passing multitude who throng the grea,
thoroughfare of human life, are duly
effected or influenced by the momen.
tous results which will attend them in
all the course of their future being
The following which we may quote
well expresses the statement.
sit is solemn thing to be always
journeyIng, without moments cessa-
ton or rest, at the same time to be
moving on with great rapidi,y from our
point of departure, without lessening
in the least the distance between us
and our point Of destination. 1t is the
journey of eternity. There is an im-'
mense rapidity in the revolution of the
wheels of duration. Onward we are
rolled with the most eager velocity
Each revolution tells with solemn in
terest upon the future, but without the
least lesslng the distance in prospect.
There are two roads across the undis-
covered country, to which we must
soon take our departure. On the one
or on the other of these we must trav.
ell through the endless cycles before US.
On the one our sun goes not down nei-
ther does our moon withdraw ITSELF
God isour everlasting light and the days
of our mourning are ended, always in
the focal centre OF infinite light and
love, with that blissful centre changing,
only to enlarge our sphere Of vision,
and to increase our bliss. On the other
hand we endlessly journey on through
the land of darkness itself, and Of the
shadow Of death, without any order,
and where the light is as darkness.--h
And now, reader we are shaping our
course for this Journey. As our course
is across the journey Of time, such to
Us will be the journey Of eternity."--
Mrs. Child. 'G88-- a1s ave
The END.-The end-the end-al-
~ VIC haua fha ard In mann a ror kaLa