The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-02-04

To this hour, Old Spain is subdivided into clans
and Provinces with few feelings in common and no
common impulse and nothing has preserved the realm
rom foreign conquest but its immense natural noun
ainous strength and pennular position three parts
rounded by the Mexico, less happily and luckily
placed to neghbors. is clearly mng kind of ma
ona feo de and giving its AngloSaxon rivals the
opportunity for which, in truth they have been long look
ing Mexicau soth cannot resist Saxon mpeuosiy
and prompttude and yet Mexican pride and obstinacy
VIII lei her make peace with invaders whom she Is
fooshly provoking and at tue same time Is incapable OF
resisting The Presidents terms, as described by himself
were certainly easy of digestion by proud irascble
and vindcve, though weak and sluggish people "The
cesson ofhe Caomias and o(the northwestern the up
per Mexican Provinces" with the "Rio Grande" for
boundary the sea- doubtless sad concessions for inn
potent pride make. From President Pok's tone how
is easy lo'gathe that he and the great majority OF
the United States glad il IT'S They ma
testify anticipate the recoloni zation of all the rich co,n-
tries between them and the isthmus of Daren and this
we for supposing any possible combination
of circumstances long European Interference
they will they plainly say, tolerate single in
slant and, vi thon European aid no chance Of
Mexico escaping the tolls which her of energy
and wisdom have mainly drawn round her.
Next in Importance the proceedings with regard to
Mexico, is that part of the message which relates TO the
monetary and manufacturing interests of these noble
States That great step which the fearless and energetic
Jackson first made to the restoration Of currency of gold
and silver and which President Van Buren, followed up by
his wise and excellent 'subreasuy act,' delayed for
time by President Harrison and his chance successor Pres
ldent Tyler but carried into iu action by President
Polk, is evidently working with complete success
The government all paid in real money The
mint kept constantly nj work. add TO the circulation
and Mr.. Polk proposes establish additional mint
al New York 1t is evident that the circulation of that
fraudulent bank paper from which the Union has suffered
mischiefs unknown in England and far exceeding the
ruin caused by false currency, is draw
ing towards its end Those who have any knowledge OF
the workings of paper money and ointstock banks
American Union, will not wonder that the citizens should
be glad rid themselves of such pests Those who know
nothing of that history peradventure condr that
pubicans," wise in all else, should the phlo
sophical blessings and uancendenta merits of Bumma
gem cheap ourreucyW Strange to think that whilst
these asute and free, most practical republicans"
taking the wisest and bes,condered steps put their
'measure of value" upon solid foundation and
changeabe basis, there should be beorsts in France
in England (boh of which countries Just emerging from
famne) mad enough to wish to deprive their respective
countries of those metals evidently made by Providence for
the purpose of money and which alone available
sudden scarcity for the purchase of food from abroad
We usual, the English press in general is totally
silent this great feature OF American democratic policy
Yet know worthy of the attention of all
who have the slightest pretensions TO satesmanike know
edge foresight and if the profound and erudte Lord
John Russell, and the equally deep and lore embued Sir
Charles Wood, instead of squabbng with the Puseyites.
would think about this really pitai affair." it might be
we'll 1t is toerably evident that substitution OF
gold and silver money for the worthless per that has
50 long afflicted rhe United States is contemplated and
wisely by their governors To effect this great object
they have noble opportunity, and is clear they
know it, Their manuiac lures rapidly growing, and
rendering independent OF England rather Eu
rope whilst the abolition of our suicidal conlaws is
for time rendering dependent upon them for the
requisite supplies of food These coincident
likely for time put the balance of
trade steadily in favor of the States and it, under these
pieces her and sagacous the occasion
get rid of their wreched banking SYSTEM $50 long their
disgrace) the consequences England maybe Of deep
import indeed Under the circumstances of
rency fouffths OF paper balanced by fifth of
gold and svera contrivance about steady the bal
of obaccopipe upon conurors nose-the results
may be trying than any at present generally dreamt
The drain OF gold from Europe, and all other parts of
the globe commercially connected with the States would be
generally felt, doubt; but upon this country weigh,
would mostly fall Ii would be because the trade of the
States with England greatest and because proportion
transactions, metallic money is fraction
To diminish that fraction further, would be the advent
another pnnic and therefore take leave my
Lord John that he had better look about him this dec
ton, and If he sees any movement OF the kind antic
pate, take his betnes An extinction of paper
money there would all but involve its destruction here
and, the States have Mexico and Peru in their
grasp the supposition by no means SO improbable.