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inspire us with confidence in the sagacity which pre-
fers a renewal of such experiment to a return to mea-
sures sanctioned by patriotic wisdom and approved by
the test of practical benefit.
6. That the suspension of specie payments by the
banks has been the direct consequence of this action of
the general government. Among other modes of pro-
ducing this result we class the following; in its war
upon the commercial interests of this nation — in the
removal of a salutary restraint upon the inordinate is-
sues of State institutions, — in the withdrawal of specie
from the Atlantic and commercial cities, to be hoarded
in the coffers of western land agents, where it was cal-
culated to subserve no other object than that of exten-
sive and corrupt speculation.
7. That the general government, so far as its action
and influence extends, has not endeavoured to secure
a sound currency to the people of the Union, but that
its desire and purpose for the last eight years, has been
to unsettle and derange the circulating medium, whose
currency was confined only by the limits of the trad-
ing world, and to endeavour through the unhallowed
agency of universal distress and suffering, the lineal
offspring of crude and wretched experiment, to force
upon the people of this Union a currency repugnant to
and unfitted for the nature of their internal and foreign
relations, and which, unsanctioned by their wishes or
judgment, can only be imposed upon their unaided ne-
cessities.
8. That the attempts to substitute the sub-Treasury
scheme for the vaunted, but broken league of State in-
stitutions, is an evidence of a disposition, on the part
of the executive of the nation, to wring from popular
distress the sanction of a power, dangerous to the
rights of the people and subversive of the republican
institutions of the country, as an effort to organize a
band of trained and zealous partizans, chained to the
advocacy of measures emanating from the executive de-
partment; by which reason the prescriptive precedents
of the late administration has become the all powerful
bond of official dependence, and exercising an exten-
sive and corrupting influence through the medium of
the national revenues; That the proposition is a scarce-
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