Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1837-10-24
THOMAS J. WORD.
TO THE PEOPLE OF THE STATE
OF MISSISSIPPI

! Fellow-Cltlzens: have been induced
at this late period Of the canvass, to pre-
sent myself before you, as a candidate to
represent you IN the Congress OF the Uni
ted States. With some sacrifice of per-
sonal interest and more to crafty the
wishes OF friends, who believe nv hum
Bile, but honest Efforts may promote the
success OF our political principles, than
from any aspirations Of my own, have
consented to place my name before you.
The attitude ! nave assumed, demands
OF me frank avowa of my political sen
tlments, on the subjects which now agl-
tate the country, and / shall endeavor to
give 1t In as concise a manner as possible.
In The present stale of pecuniary dis
tress, the minds of all are directed 10 some
mode o. relief; and in my opinion, the es-
adjustment Of a NATIONAL BANK, is
The best means to ensure it.
Some OF my political friends differ from
me as 10 the constltu,lonality OF a National
Bank. They honestly entertain the PIN
ION that Congress does not possess the pow
or, under the Constitution to create such
an institution. For such opinions have
great respect. | once entertained scru-
pies on that subject myself: and to remove
the doubts OF all, would gladly see the
constitution SO amended as to give that
power, in clear and express terms. But
If the acqulescence of the people at differ
ent periods of the Government; if the opin- |
ions of able eXpoundcrS of the constitution. |
are to have any weight with US, it seems
clear to my mind, that the question is set
tied in favor OF the constitutionality of a
National Bank. | am fully satisfied of
It's constltutlonallty-of It's usefulness, ex-
pediency and necessity, never had a
doubt; and if elected will unhesialingIv
vote for the creation of National Bank
1t should differ IN some respects from the
old United States Bank. 1t should not
hold real estate; nor should foreigners he
capable, directly or indirectly, to hold
stock in it.
Such an institution, | believe wouId af.
ford sound and uniform currency TO the
Whole nation; restore confidence in mon. {
eyed transactions: give permanency 70
The price OF property and labor; and pre- t
vent disastrous fluctuations in the affairs
Of the people, and of the Government /
a 4 oil opinion that State Banks cannot Of. t
ect these objects. | believe that State I
Banks, well regulated, answer valuable t
local purposes; but that they are incapa-
Die Of aliording uniform currency. does n
not, IN my mind, admit a doubt Ana I
wen those who once held them up to tho S
'eople of the United States, as the proner "
instruments for the collection, dishrse. b
neht, and saie-keeping of the revenue of b
ne government now abandon them G
he Sub Treasury system is, in nv opin- Il
on, only one link more in that chain If t
ulnlous experiments" which have pIun. ST
5ed the country into unparalleled distress Il
IN exclusive metallic currency ought not. P
annot, be introduced into a commercial u
nd enterprlsing community. Commerce e
ahnot DC carried on with a currency so a
hwleldy' The scarcity, if not the pom cl
erous quality of gold and silver, pre g
ludes the idea Of such currency. is
IL was expected that some measures for II
no relief Of the country would be recon. 81
lended to Congress by the Executive OF
us friends assured us that something would pc
done But, indeed, we are unfeeinplv "
'ld oy the Executive, that our distress
as been brought upon us by our own inn
ludence; that the Government can give sb
relief: nor can the President asug 9 Va w