Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1837-10-07
FEDERAL PANACEA.


The sovereign remedy proposed by the organs Of
the bank for the evils which the operations OF 'OUR
EuLIRs' Of the marble palace IN Chestnut Street
have brought upon the commerce and industry Of
the country. throw the prescriptions Of DR. Sangra-
do altogether into the shade. He proposed hot tea
ter cure for "all the ills which flesh is heir 10.
As human maladies are not all cured BY hot TGtsr,
the sbsurdity was not glaring the insisting on
national bank to relieve the distress which has
been obviously produced by the operations of the
Bank nj the United States.
One of the principal causes of the present diff
cultes which exist in the commercial and financial
affairs of the country, Is the gambling speculahons
occaSloned by the superilully flank paper.
The federal panacra is to create national bank
for the purpose OF making morc
Continual complaints are made that there is al
ready too much hank captal-Govcrnor Rtner and
hlS friends having made IN one State, in single
year, all increase OF more than forty millions OF dot
lars.
The remedy for this plethora Is 10 make more, by
charlerlng national bank
The hanks have failed to perform their engage
ments, Notwithstanding the enormous tax they have
imposed upon the people, by way OF interest upon
the vast amount Oithelr circulation, and the paper
OF the Bank OF the United States and most others i,
greatly deprecated; those who hold II being obliged
Ia pocket the loss between It's market value and the
constitutional standard.
| The federal panacea is a new bank
From the general spirit Of speculation engendered
| by the enormous issues of the Bank of the United
States the sober pursuits OF agricultural industry
were greatly dlsregarded; and with an uniavorable
season in some parts of the country resulted IN q
| short crop, and Occasoncd loss OF two or three
millions last year for the purchase of breadstuils
abroad
A federal bank wlll feed the people with paper
and make them independent o! the produce Of the
| soil
Caamtous losses by fire have occurred, partlcu.
larry in New York, where twenty millions of proper
| ~ was at once swept away.
| This was occaSoned for want OF federal bank
which wall prevent all such evils!
| The planting and mercantile interests have suffer
ed a loss ol twenty millions last year, from the fall o
price IN the great stape of the South, IN consequence
of oyer-producton, aud the sacrifices 0ccasoned by
sudden curtalment OF credit abroad.
The federal panacea is national bank
| A general system of ovcr-trading, stimulated b,
the ovcr-issucs of the banks, has dcmnralized man,
| of the business men IN the community; broken dowI
! the restraints of produce in contracting engage
ments, and changed commerce into n lottery, o
which the blanks greatly outnumber the prizes.
A federal bank will regulate the heads Of the mer
chants and enable them to think for Themselves, in
stead Of deputing this duty to Mr. Blddle and his vas
saIsl
In short, NATIONAL BANK is the genera
federal remedy for untavorabe seasons, fires, shor
crops, gambling speculatons and every kind OF ri
lnous experiment and ridiculous schcmcs.-Gtobe.