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Cincinnati, Hamilton County, Ohio
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Excerpts from newspapers express public support for President Tyler's Exchequer Bill to establish a safe currency, disappointment in Senator Huntington's opposition, and hope for congressional adoption with modifications. Sources include New Haven Palladium, Richmond Whig, and N.Y. Commercial Advertiser.
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From the New Haven Palladium,
The Exchequer Bill—The decided and seemingly unyielding opposition of Senator Huntington of this State to the Exchequer Bill, and that too on a mere question of reference, has occasioned much surprise and regret on the part of our political friends, who have been hoping—anxiously hoping—that the suggestions of the President and his able cabinet would be acted upon in such a manner as would afford the people a safe and convenient currency, and restore confidence both among the business men of the country and those who at present wield its political power. The message of the President is popular among the people, especially the Whig portion of them—and they—the mass of them, if not the whole of them, are disappointed that the spirit of that message is not reciprocated by all of the majority in Congress, as we have reason to believe its by a part—and we are happy to hear it stated that all or nearly all of them of the Connecticut members of the House are much disposed to adopt the recommendations of the President, after the proper guards and restrictions, which the wisdom of the two Houses of Congress may propose, have been adopted. The people do not believe that the President is tenacious about the success of every part of his plan—on the contrary the impression is strong that the President is disposed to concede much for a final settlement of the question—in short that he is willing that his plan should be moulded into such form as the "wisdom and patriotism of Congress may devise"—for he expressly declares that he did not submit it "in any overweening confidence in the sufficiency of his own judgment."
Now can it be said that he has been met in this spirit or that his suggestions have been fairly and courteously considered! We think not. and we are by no means singular in our opinion We do not, however, yet despair of a satisfactory settlement of this vexed question, at the present session, of Congress. We believe public opinion will yet reach Congress in such a manner as will change entirely the present appearance of things there.
From the Richmond Whig.
Exchequer Scheme—We have said that the proposition of the President has been favorably received by the people; and notwithstanding the declaration of the American that it has yet to see the first man who approves of it, we repeat our assertion with the utmost confidence. We say, for we have all necessary proofs before us, that Mr. Huntington is in direct opposition to the feelings of his State. and in direct opposition to the wishes and summons of every member of the House from Connecticut, save one. We say that nine-tenths of the Whig presses are in its favor, and that the whole North and East regard it in the same light, and are greatly anxious for its adoption. And we further say, that the members of Congress will see that if they retain their seats without doing something, the condemnation of the public will not fall on the President or his constitutional advisers.
From the N. Y. Commercial Advertiser
FISCAL AGENT.—We have had an intimation from Washington, that within the last few days the prospect of agreeing upon some fiscal plan has brightened. Some shrewd and sagacious men think it possible, that the Exchequer scheme may be so modified as to contribute to the establishment of a good currency, without endangering the public treasury. We are not advised what the proposed modifications are, but we earnestly desire they may be such as will produce the promised result. The country greatly needs the assistance of some institution, which will mitigate the sufferings of the people, and furnish a sound currency. We are prepared, without reference to the past, to award honor to him, who shall succeed in bringing to the country this great desideratum. We are not alone in the thought that Mr Rives may be able to contribute integrity to this desirable consummation"
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Newspaper excerpts discuss public support for the President's Exchequer Bill to provide a safe currency, opposition by Senator Huntington of Connecticut, hope for congressional modifications and adoption, and potential role of Mr. Rives.