For the Liberty Adrocatc.
sENATOR WALKERS PAMPHI.Er. No. q
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SENAIoR WALKERS PAMPHLET, NO. 8,


In this s'pamphct Mr.. Walker asks: "Have
we not seen the Banks suspending with many
millions of the public money in their custody as
q sacred trust, and thus reducing the Govern
ment to bankruptcy, by a refusal of payment.
when all OF them had portion, and most of
them sufficient portion of specie to have ena-
bIed them to liqudate at least this dcbt?"


Now the banks here alluded TO by Mr.. Walk
or, are the pet banks, to which President Jack
son confided the public treasure, when he took


1t from the Bank of the United States, contrary
to the judgement and will Of Congress. Mr..
Walker however did not choose to designate
them; and from the manner in which he inter-
weaves this affair withj the whole texture of
his subject an uniformed reader would sup.
pose that these were whg banks, which by their
Intldellty had reduced the government to bank
rupcy Mr.. Van Buren himself was not less
dlsngenlous, when he, in one Of his messages
TO Congress, alluded TO the conduct of the same
pet banks, to show that there is no confidence
to be placed in any bank, not even in q national


Bank, although the latter, so far from reducing
the government to bankruptcy, had never once
abused It's trust Such, from the President
downwards, is the unlairness of the leaders of
his party. But be it remembered, that these
same pei banks, thus reproached by President
Van Burcn and Senator Walker, were for car
rying it safely through all financial difficulties,
IN furnishing ga better currency" and all other
necessary accommodations, than the hated bank
oIthe United States. But the pet bank System
soon exploded and blasted all the high hopes
OF the Administration and its jealous friends


1t was therefore necessary to look out for an
other hobby, and Mr.. Van Buren, soon found
one in the Sub Treasury Scheme. This being
a party expedient, it was of course adopted by
his party, but not with much confidence or cor
dialty. 1t was too exclusively Government
and did not promise ga better curren
cy'' for the people. Indeed, the people were
substantially told by the President himself
that they must provide, as they could, curren-
cy for themselves; and it was understood that
there would be one currency for thcm and an.
other ono for the Government. The party
themselves did dot relish this distinction, mas.
much as it was at last us desirable to them, to
have the means for supporting their families,
as the means for supporting the admin abstraction.
Hence the Sub-Treasury project gets along
heavily and slowly, if il gets along at all. Ii
constitutes question on which no great excite
ment can be produced, and is not therefore well
calculated to subservo party purposes with
certain effect OF course, sill another hobby
must be tried.