Canton herald. (Canton, Miss.) 1837-1839, 1837-09-05

i..e unf afgs fsu,l.si
Nm 4f'ttfI frf fsn mf Doe
fHeni fHiftirfHf Uuf Nl.ns
auTtfH n'ih1 turiH 'he Cow yfss'
100 im'fl smifs. ipuahrfi mo-
Hn4'Aales 81 iht hipl,Hnd ml.p ianl
flafdbull,lf1eu, nhte,ni.aaIa. p
ulfmpl'en' ga ,ae ia lhe irrilpal !
lpjf t nlkc lauvn u "a u.s.
a'iilca.l miat 20 ,, n b. ilies h,a,
1ie aRy hr8fln@ttH tho arirH ~
mesfnuiite Tli,. dot, ,lould
I've performed lyby 4laee. laH ~ 10.
ensabl, ai,.enfs~ ffm1 ihe Staie, /,
leh ! have ln.t fciuusi. Though
vs. unmc wss before YOU ~ dee fe.
cent eltctl1n. wa. wholly ignorant
Whrn il'f tlc Aiate that special q.
lection waaeonielnplated, and was not
aware ~ tho iatt that suci, al cleo
ton would te holden until few days
helore u occurred. tpp late 20 Imse
r1nninr%lsd viii, ,ou either person.
aly on " ifiier. ! iru,t iLis vii be
s''lhc'sbs sepse lormy apparent me-
flogL
lwill n9N e,ve as sUcc.ncfynS p"<.
Nj, snchrf political yiewsasl deem
eu viii ieel any interest III Allowing.
The most hDfaftantptmsiion which
nh'y agiiaies llIe pubic mind sfiSesl
oNi o'fite dfstrc.rd condition ~ the
country ~ tie nctunI existence OF
'rai diriressi 10 the utter deranye-
rent ocenmerce, foreignnnddo \.
nc'iothc diminntion in both the price
.1ddemand for labor; O. the prostra-
7 on Of business 10 the mecIlaIlic afts:
l's;hc depreciation Of propcrty:fo the
NpNersal d,strust md iorcbodins
arch pcrvades The community Ia cv il
"ey1 part Of the Union. all NON bear
s,iiness; on this subject thcrJis but !,
one party. The immediate cH1se If ,
aiesesils above enumerated, isby aIll
directly attributed 10 the dcrange- [
ileh' Of tile currency 81 tie country. |
y seems also 70 be admitted that the !
only adc1uate.remcdy Is a restoration ,
N'therurrcncyto d sound state. The n
people look 10 Congress for this Yes,o. /
Atom and they demand that il spec. 4
,ll y lm made. 4,
| believe that nntmerely the BEST
BAT the onl Y mode Of restoring the cur. !.
rcncy Of this country 70 Il sound con- d
i'iIon, and keeping Il 81. Is the estab- D
Ishment cf NATIONAL Bank. be- b
le,e We cannot have a currency in 4
he United States adequate to carry b
n the business Of The country, With :.
'et sacllan Institution. We certain |,
Y rlnnot have an exclusively metallic a,
lrtency, though there il d party Who
'oid rlc proposition that VA can. AM Il
'.ise politicians. however, fcpDdiate Il,
tie m"nsifosfs alsurtlity. Even the q,
lobe denies that either the Admins ii
alton Of any prominent member of a,
hc party ever advanced so foolish n G,
'octr,ne. Indeed, sensible men an Il
ON N scouting il, and il il now the Il
'eculiar property Of the loco F'ocos. ii
look upon tho theory OF a currency Il
'urcly mctalic n 4 country like this, /,
: one q the most unpleasant spcci-
aens Of human imbecility ever exhibit Ii
ed. go $3.50 III
believe the State Banks, alone, nsl r.
apable OF furnishing d sound curren.
" Having their origin under differ. II
tf systems oflegislaiion, With d,ssim. d,
lar charters totally powerlcss beyond ii
he limits n the State in which they II
each eager to furnish rs n
arge portion as possible Of the cir.
.ulation Of The country; these rival al
md liosti!c institutions are continual e
y Pre- .ing forth theirpa2cr. until pnb- it
e con'alcnce becomes shaken; tleiri 4,
ss'ics are returned upon lheln.---sus. !,
OF specie paymentsis the con. r,
equcnee, and seven years Of pecuni. te
ry famine succeed theseyen wears of al
lenty. The same course will then o.
c pursued again, and thus the co,in. 81
~ VIII he alternately corred and star. \.
ed. With a National ISnk in oper. ri
ton, sch . state oi,hings cannotoc- al
NJ. 'iilc undue issues OF State insti- ii
it.ais WI be immediately thrown
acs, before they have reached an in. N
rlons accumulation; and The State +,
anSs, keptin continued and equal N
hcch by thIs great regulator. will har. 81
ionioasiy pelf fm their legitimate
inei'on Of furnishing currency for ri
I tar domestic business of,he States IL
witch they res pectively belong. This D,
the extent 10 which State bqnkinr u
an be carried. furnishing local. di
q not general currency. ENper- Il,
ice has sheun, an reason ,Iamon. In,