Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1837-08-05
lFoR THE DEMocRAr.1

I. Rtsolped, n y ave would
therefore recommend and request our Repres.n n
taiiyes in Congress TO use their utmost endeay-
ours to procure speedy amendment Of the Fed
eral Constitution with certain limitations to ena-
bic the General Government to create National
Bank for the purpose before mentioned" -
This is the latter par. of resolution adopted
by the Convention lately held in Columbus and
as il contains matter of serious import to the fu-
ture dcstinies Of our country, propose to exam.
inc Thy the lights of"Experience," and in con-
nectionwth the theory and practice Of our own
and other nations. These are not times for party
defamation, and every patriot should be willing
to lay aside political prejudice, and honestly en-.
quire "what remedy can we adopt" which shall
relieve our distresses and prevent in future any
recurrence of those depiorabe scenes now pass
ing in review before US. As to the cause our
people are honestly dvided--but until The storm
has passed and our political horizon sufficiently
clear for CONSERVATION and reckoning" We shall,
no doubt fail in our calculations, and any lcgisla-
ton from momentary impulses must be prema-
ture and perhaps ruinous. A statute, not affect
ing the vested rights Of a third party can be
amended or repealed, but when VIC are called
upon TO exercise the highest authority known to
man, and by either directly in "Conyention" OF
indirectly through Congress, alter and amend the
magma charter of our rights, let US stop and en-
qulre the cause, the effect and the rsmeds propos.
ed. What we do now, will affect the welfare d
unborn millions what is now to Us matter Of
fact, and feeling will be to them matter OF bis
tory, and in the adoption Of the "Resoluton" il
must be fol them to determine how far we have
sustained the character Of patriots, and ''hansmi
ted unimpaired the blessings secured by our rev
olution." We have outliyed the sages Of those
days, the hands which signed and achieved oul
Independence have moudered away, and uncon.
nected with the influence Of personal popularity
we have to judge Of any proposition by reason
and crpsrisacc alone.
As TO the "cawse Of all We see,n reason and re.
Election would teach us 10 look beyond such IN
considerable facts as "Specie Circular" or 're.
moval Of Deposites," and for the illustration o.
the truth Of our proposition, let us look 10 Eng.
land as at present situated. With Nationa
Bank" and "Exchequer Office" she has beer
made subsidiary to France, in the payment of thu
"French indemnify" and it tia, institution shall
continue the course now pursued, we may expcc
to hear Of Commercial distress unparalleled II
the history of that or any other country.
After suspension from 1897 10 1929, sh.
was enabled to resume by a system Of eontroc
hons. carried through the four or FIVE preyiou.
years, which had we'll nigh beggared the lnercan
Tile interest. The immediate consequences /,
England were bad enough, but to us, still NOR,
deplcrabe, Our cotton YES literally wos.h no,l.
ing, and the real estate of the country reduced Il
its minimum. But even here, NO could have
gone through safely, but that in 1926. the Oh
efations Of the 'joint stock" companies caused
such an expansion that Gotten rose, hank credit.