Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1837-08-12

from the State, OF declaring my sentiments.
approve the whole tone Of Governor Hamton's
letter, bis bold and manly defence Of the admins
tratiOn against the electoneering slang Of the
day; bis rebuke of Mr.. Biddle aud bis mercenaly
press; his appeal TO Congress to NEE, IN con-
ciatoy spirit, and his warning voice. that unless
this currency question be adjusted, it must end
in pecunary ruin and bloodshed! admire the
magnanimity of the man. commend his cnlight-
ened add philosophic spirit. The asperity with
which hear him denounced by those with whom.
yesterday, "his word would have stood against
tbe wohG," the charge Of treachery low made
by tho Wing press Of the north against hm--the
invidous assaults at thls men'eni beng made on
his reputation by he slaves ard ne'cenaries o,
Nicholas Bidde--aii co amend him TO the mass
ofthe people as liberal, patr tic and enlshien-
ed statesman. So far us remember the tenor
of his letter, concur entirely in its tone and splr-
it, but cannot adopt tho remedy he sug ests-the
recharter OF the United States Bank That pro-
p0SlIon VIII never receive ny vote.
will, however, take my seat in Congress with
the conviction that something must be done for
the country-some financial system must be
adopted. am free to confess, as | ever have,
that the present system of depositiRg the public
moneys is bad one, owing 10 the mutifoym
character Of 4he charters and the rotten condition
Of many ofhe State banks. Those institutions
too fostered ard sirenthened by the use Of Tie
public funds, are stimulated to exravagan, issues,
and nine tines out ten, become he mere IN
sruments Of SPECTATORS, or tie engines Of poli.;-
cal factions; thus rendering themselves obnoxious
to the very same objection, so justly urged a
galnst the United States Bank. am no Enan.
cler, nor can | undertake TO predict the chalac-
commend to Congress. That they will be CON
seryative and saluary, there can be no Doubt
MIR. IAN Buren, is Il statesman Of patriotic and
comprehensive views He well knows the ac,,l-
al and suffering situation of all classes of the
t community--anI the necessity absolute ne
csssity--of adopting some plan for the relief Of
the country, the restoration of confidence in the
commercial world, and the regulation Of the cur
rency. Whether he viii recommend nutioha
: bank, sanctioned bv an amendment OF tue const..
: luton, 10 De o"h,a Jv.aty 49,. IA.
the federal government fee from foieign inllu
ence and exec tive control, is not for me Iole
termne. have good authority for believing thu
, Mr.. Van Buren, does not run INTO the ultralsm o.
an srcluSiUe mctahc circulation; nor do ! know
any prominent member OF the democratic party
who chershes any such utopan vision. Ibeloyt
that Mr.. Rives in his admirable speech last SEES
sion OF Congress, truly interpreted the opinion.
on the currency Of nnc-tenths of the friends o
the administration. His views were sanctioned
and sustained with extraordinary ability BY gu
! own distinguished senator, Mr.. " iter,) and b
other gentlemen standing equally high III the cs,I
nation of executive and lie coun,ty. fec
bound too 10 say, that Mr.. Benton Is Mlsundcf
stood, or mlsrepresened Oh this subject. TIL
people have been induced to believe that he wa
determined TO annhilate our paper circulation a
a blow, aud 10 substitute nothing bat bullion il
its place. This is all c!ccuonecring slang, EN-
= ployed 10 traduce great man, and TO enbiofas
the administrator, Fir. DcutJn s engaged ii
great reform. The mfcr,. II sAHhi@c Bu
sEs-and the history q h.s he proves tn. I.
|
will carry out his A4.oA,y ~al IN dlsl t' ct Dc
:. traction and rdcale. His great pr.n pic is t
diminish The paper, md increase he specie ci,
culation. He would break up the rotten syster
Of banking on fictitious capital, which prevails
:, the States, and substitute the precious metas f
:" the everyday uses Of trade, with paper for con
mercla purposes, convertible at any moment il
," to gold or silver. The only difference bewee
= Mr. Benton and other distinguished friends OF II
;, administration, is in the time in vi ch this saul
ry change is proposed to be accomplished. A
h. an humble member OF the party, | believed
: was inclined 10 effect this amoloration in the Gu
&c rency at too rapid rate; believe that bank
- fiscal agent Of some kind proceeded by m a:Aos
ment Of the constitution, might he Necessary c
-. few years. But hom the developiyen,s no
:. before me, from the whole Tenor Of The opposite
!. press, which for the first time in two months,
-, have leisure to review am satisfied there y
,at determination in the bank party to force Nchol
-, Bidde, and his infamous machine upon the cou
try Not satisfied with the Willingness Of maj
-. democrats to surrender something Of theory, al
:. to put in operation for limited term, nation
los bank, to bring about resumption Of specie pa
g. ments-not satisfied with this compromise, tn
- charge the executive with having brought n