Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1837-11-21

NEW DOCTRINE.-That imPa-
dent pretender to POlitica. orthodoxy
snd independence, the Richmond En-
o,,irer. that the issue Of Treasury Notes
as a permanent system, would be IN
constitutional but. contends that as
+" temporary erpedient," it IS constItu-
t;onaI Will he tell us, then, whether
= Bank ofthe United States may not
be constitutional, as a temporary ex'
Dedient," likewise Nay, what enor-
nifty may not be defended by such an
aroTmentl The assumption Of the
Dictatorship, or Ofthe Imperial purple
by some daring demagOgue and uSur-
per, may be justified at some future
period of our history, by precisely the
same Slbterfuge. According to our
conceptions, that which is uncOnstitu-
tional, il equally 30, whether it be tenn
porary or permanent in its duration.
ANY other doctrine would be the pTOlI-
fic fountain Of mischief. And for our
own part, we believe that although
the lasO authorizing the issue of Treas
ury Notes, is of a temporary character,
the policy Of which that law is the COM
mencement, will be, and is designed to
be hereafter continued as an essential
element of the new financial system.
1t certainly will be-nothing can pres
vent tiff the Sub Treasury scheme
be adoPted.-Lynchburg VirginrGm.
Our friend, the Editor ofthe Wash
ington Reformer, has been no less in
consistent than the distinguished leader
with whose fortunes Gin the coming
fight" he has so CALAMITY and jealous
" identified his own. A writer in the
Richmond Wing has been examining the
files ofthe Reformer, and finds that on
the oath of June, 1887, the editor of
that print, in an indignant commentary
on Benton's letter to a dinner party in
Ohio, congratulating the country on
the success Of the Experiment, be-
sought Mr.. Van Buren, to cut loose
from the "dirty cabaP" which has so
lOnged ruled and has well nigh ruined
the country.-Spcaking of Van Buren,,
the Reformer at that time, says:
"He will not thank US for our coun-
sci; but we will give it to him without
even that charge: Sir, reason, COM
mon sense, self-respect, individual Sc
curity, the peace and prosperity of the
country, require that you should avOw
the policy Of Mr.. RNes, Walker, &c.
and separate yourself at once and for
ever, from this dirty Cabal of Benton
Kendall & Co. We say this from nc
friendship or partiality towards Rives
for we hesitate not to avow that we
would decidedly prefer Kendall, Oh
even Benton as President, to VIM. C.
Rives. The counsel is dictated by 3
sincere regard for the peace, inteFes
and honor of the country. Use it, 81
not, as you please"
And even so late as the 5th of Au
gust last--one little month before thu
meeting of Congress-the ReEormeI
said:
"As the time approaches for tn,
meeting of Congress, speculation as Il
what that body will do, is more active
BY advices from New York, we learn
that the party there are divided be,
tween a new National Bank, (the
mother bank in that city with its CHIEF
branch in New OrIeans,) and the
scheme Of separating the banks from
the government which means, so fal
as we have heard it explained, to ere.
ate two currencies-a government cur
rency ct specie, and a mercantile cur
rency of paper. The result of all ex
Perlence IS that two currencies of IN.
equal value cannot exist at the sam,
time IN the same community. The ef
feet OF the separation of the Govern
ment from the banks on the terms bro
posed, THAI IS to require specie for al
Government dues, will be to discredi
paper; it will give specie a factitiou
value and induce ali persons to hoar
it. 1t was that prCcess1 superinduce,
by the specie circular, which cause,
the suspension of specie payments. T,
legallze such a measure wi be impss
SIble. Congress cannot be induced t.
do it." =
Two currencies," quotha! WHY
the washington Reformer now ridi
cules this idea as absolutely farcicaI
and unworthy of notice. On that min,
enemy would write book" said N,
wiseman Of Old.-IB.
From The La,nchbnrn H,..n;..;