The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1837-07-22

:, uS VI hOt0S W al equal proporuon 10
that capital actually paid in-prohibit the
issue OF notes Of less denomination than
$50, and eventually large amount---limit
the amount of capital and the number of
banks in the state, and we shall verv speed
lily reduce the credit system to sound prac-
ticial stan.ard-annihilate wild speculations
forever prevent the suspension of specie
payments, and tdyd solid foundation for
a better currency, by getting riI. Ia
fen gears, Of the tohole system ITSELF This
is the basis on which future legislation
must proceed, tosrestore gold andsilver-
exPel small notes, and bring the banking
system lcithin the teach efthe people.
The first step, Felow-C Citizens, is to elect
such members to the legislature, as will
honestly and faithfully adhere to these
principles, Elect no man, who will not
pledge himselfto carry them into full effect.
BE not deceived by the hypocrtical pro-
fessions of Gov. Ritner and his friends, of
attachment to the same principles. Will.
any rational man believe, that he and they,
the supple instruments of the banking sys-
tenn, are in favor of imposing upon it salu-
tary restraints, e. touching it with the firm
and fearless hand of reform? Will any
man, in his senses, believe that Governor
Ritner, who proved, by asserting to the
charter the United States Bank his igno-
rance of the nature of our banking SYSTEM
will now abandon his ground, and either
recommend or sanction measures that will
aim the keenest sarcasm at his own mad
and ruinous policy! Does any man sup
pose, that the party who support Gov. Rit-
ner, who have at ali times, ridiculed and
condemned every measure Of President
jackson upon this subject-will now be-
come converts to these measures, rehnquish
not only opposition, but their means Of sub
ssistence, and become at once "hard money"
advocatesi The supposition is too ridcu-
lous for refutation, come from what quarter
IT may.
That Congress can do little TO alleviate
our present condition, is apparent not only
from the fact that the causes we have mem
toned had not their origin with the nation
al government, but from the admission Of
conspicuous advocates of the banking sys-
TEN themselves-that such is the case. Some
time ago, Mr.. Biddle in letter to the Hon.
]. Q. Adams, stated that if the specie cir
cular was repealed, the arrangement of The
currency would be corrected in twenty.four
hours. Since that tine Mr.. Adams has adj
dressed letter to his constituents, in which
he dissents from Mr. fiddle's opinion en-
tirely, and attributes to the same cause s.
very nearly that we have done the disorders
in the currency; and Gov. Hamilton of
South Carolina, also distinguished advo-
cate of the Bank of the United States, in
letter addressed to Mr.. Biddle himself, takes
the same view of the subject! Thus has
the whole argument been conceded to
us and the truth reluctantly admitted, that
this remedy does not properly belong to the
national government.-But whatever aid
can be afforded in the great work, by the
national administration, will doubtless be
cheerfully accorded, Prest. Van Buren,
stands pledged to carry into practical effect
the great measures of reform, recommended
by President Jackson---and we have do
dou BIT he will faithfully and honestly redeem
that pledge. His rectitude Of purpose, his
uncompromising democratic principles
and his frmness of character, all give assu-
rance, that the political " mantle Of Gen.
Jackson, has fallen on his successor.
To the national administration then, we
may safely commit every duty that deVolves
on it, to perform.
In our own State Legislature, therefore,
will be found the only efficient power to
provide remedy for the present, and pre-
ventives against future disorders in the cur
rency, and finances ofthe country. From the
party in power, whose measures have ten
ded to produce them, we can expect moth
ing but fair promises, and ceaseless opposi-
ton. If any thing useful is to be expected,
it must be by the union and concert Of all the
honest and enlightened friends of practi-
cal reform. On an occasion like this, all
such men should, and we trust will, rise
above the shackles of party-and act in obe-
dieuce to the dictates of patriotism alone.
The present banking system is grossly de-
fectiye, admitted to-be so by almost every
man who expresses an opinion. Then why
not bend all our energy to its reform! Let
every man flo this day forward, resolve to
do his duty, and abide firmly by that resolu-
ton, come what will,
Every one Of you, Fellow Citizens, is
Immediately interested in this contest.
None are so high as to rise above its inilu-
ences, none so humble as to fall below them.
Farmers. mechanics. tradesmen, merchants,