The Ripley transcript. (Ripley, Miss.) 1837-18??, 1837-10-26
~ r,rr People or MISSISSIPPI.

10 TIE PEOPLE or MISSISSIPPI.
:, November next you will be called upon, in
.,ng alarge number Of public agents to elect
4, Or lid purpose of transactng your business
-sprcsentjng you in the Congress oftho United
L am one ofthe candidates for that high
.,,ortaDt trust; and both reason and custom
!. ;,cunbent on re in the position occupy,
,.te known to you nay political principles, so
Anew may have any bearing on the action Of
sentative. This duty should have perfor-
i ,opc since but for indispensable absence from
i. s.,e, to which have just returned. Though
D,ms WIS before you ut the recent election, |
vac wholly ignorant when ] left the State that
.oo,;.l election was contemplated, and was not, a.
y,,s Of tiefact that such an election would be ho
en militia few days before it occurred, too late to
,re communicated with you either personally or
g letter.
Twill now give you as Succinctly as possible
aa crmy political views as | deem you will feel
ar interest il. knowing.
The mo important question whichnow ng-
tates the public mind arises ont oftho distressed
condition Of the country. 70 the actual existence
If treat distress; 10 the utter arrangement ofcom-
drrco. foreign and domestc to the dininution in
both the price and demand for labor; to the prosti-
niop of business in the mechanic arts; 70 the
depreciation Of property; to the universal distrust
md frebo1ng which preyadcs the community in
very part Of the Union, al men bear witnes;-on
his subject there is but one party. The immed-
te cause ofthe evils above enumerated, is by all
DIRECTLY attributed to The arrangement OF the
nrrencv the country. Il seems alsoto be ad-
ntted that the only adequate remedy is resto'
alto. Of The currencv to q SOUND state. The peo-
Ne look to Congress for this restoration, and they
emand that it be speedily made.
believe that not merely the best, but the only
node ofrestoring the currency ofthis country to a
omd condition, and keeping it so, is the establish
nent Of a NATIONAL BANK. believe we cannot
ave currency in the United States adequate to
AIRY on the business of the country, without such
n Institution. We certainly cannot have an ex-
rsive metallic currency, though there is party
mo hold the proposition that we can. All wise
OPTICIANS, however, rcpudiate the monstrous eb-
rditv Even the Globe denies that either the
cmlnstratlon or any prominent member OF the
lrty ever advanced SO foolish doctrine. In
ed, sensible men all join in scouting it, and it is
w the peculiar property Of the Loco F0cos. !
'k upon the theory of currency purely metallic
country like this, as one ofthe most unpeas-
specimens of human embecilty ever exhibited.
believe the State Banks. alone, incapable OF
nlshlng sound currency. Having their origin
der different systems of legislation, with dis
mar charters totally powerless beyond the IL
Is OF the State in which they originated, each
yer to furnish rs large portion as possible of
circulation of the country: those rival end hos
institutions are continually pressing forth their
er, until public confidence becomes shaken;
IT issues are returned upon them, suspension Of
c'e payments is the consequence, and seven
IT'S OF pecrniary famine succeed the seven years
''ehty. The same course will then be pursued
LIN, and thus the country will be alternately gor-
anu starved. With National Bank in ope-
ion such state of things cannot occur. The
lue Issues ofState institutions will be immedi-
~ thrown back, before they have reached an
ui'ous accumulation; and the State Banks, kept
and equal check by this great regula-
Will tremendously perform their legitimate
''ioh Oh furnishing currency for all the domes-
''A''ss OF the State to which they respectively
ons' This is the extent to which State bank
oaii DC carried, furnishing a local, but not a
''iai ADMINISTRATIONS has sbeWn. and |