Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-04-28

- r,o7rz has lately addressed another lei
M, Adams. tominous conjunction OF bans
,.f.r,.-,! as the Washington Chronicle very
=, ,-ns-k.,. The object Of this letter IS to
b. lmpolicy Of an immediate resumption
.,sr.s payments By he banks-~e mean that
me arorei object of The writer. His real
=, j.. 10 keep N the panic, to Keep up ais
.l-.,sr. and irredeemable currency, until he
ice The government into has views, and gel
: x,.,,,l Bank established. He is handled
: Ieseryed severity by the New York Evening
= See the article which we publish today
.tam tlat paper.
F,sa NE n. Y. Ereaiag Post.
n, Riddle has written long letter to Mr.
~ ,be prrport Of which IS, that he does not
lend to return to specie payments at present. on
.ccoon, of his tender regard Tor the public wei
s,s lie has made preparations, he says which
',nld ins,,ry the payment of his notes IN specie,
,he yll not allsw himself to be " influenced
re noor ambition Of doing what others cam
y, 4, 50 readily :" he must SNAKE common
- with the banks :" be must protect the bank
HoT system" with which, he says, the charac-
i, and prosperity Of the country are ldentIhed;'
f. must. N Short consult The general interests
ol the country"
Our readers are familiar with the famous cou-
,lst written. we believe, by George Darlington
rbo was sent 10 Botany Bay for picking of poe
y kets-
TINE patriots We, for be il understood.
Ne left our country for our country good"
4 Mr. Biddle's patriotism is of the George Barring
,on stamp. That his bank cannot resume specie
nayments is believed by many; that ii would be
n eytavney difficult for him to do it is believed by
most others that he would be glad to prolong the
oecunary distress until he can force the govern
meut TO adopt his bank as lis fiscal agent, is
known to every body. Yet his motive, he tells
rs IS the public welfare; he refuses TO pay his
4 notes through sheer patriotism; he breaks the
engagements he finds It so hard TO fulfil, from a
4 regard to the general interest he is dishonest
3 from an excess of virtue; he desires TO proong
n the present deporable condition Of things until
y he can drive the government to adopt his bank,
4 solely because he knows that though 1t is a bit
Il ter pill to swallow, it would do the country vast
deal Of good Mr.. BiddIe has improved upon
George Darlington. We remember to have read
the report of his trial in the lawyers Magazine !;
but George who pleaded his own cause, did not
urge in his defence that he was impeIled to pick
pockets by the ardor Of his patriotism.
We would publish Mr. Bidde's letter at length,
were ii not for the absolute necessity of giving TO
Other matters such space as our advertisements
leave as we would publish il were only for the
gonderment Of our readers to let them see how
much conceit, cant and impudence can be put in
given number of printed columns. We must
content ourselves, however, with noticing some
Of its reasons why bankers should be rogucs, in
other words, why the banks should not pay their
debts.
Mr. Bddlc afiiums that the causes which led
10 the suspension still exists. These causes
were, he saws, the specie circular, the msman-
agement of the doposnes, which scattered them
to the frontiers, and clamor against bank notes
made by the Executive. These causes, he de-
cIarcs have in fact now "hcquired enfold force,'
and, therefore, the banks cannot pay their notes
The EXECUTIVE, he asserts, is in favor of an ex-
elusive metallic currency, and is striving "to
drive the banks into premature resumption"
which they will not be able to maintain, with a
view of destroying them utterly" "The disor-
ders of the currency" he adds, lie loo deep for
superficial remedies" congress, and Congress
alone, can afford adequate relief" Is it worth
WHILE" he asks, $50 long as Congress fails to
exercise lis Legitimate powers, to waste the
strength Of the country in efforts TO accomplish
what we know to be inpracticable!" MIR Bidde
then attempts to show that the las. resumption Of
spceie payments was effected by the establish
ment Of a United States Bank, which is Mr.
Bldje's great remedy for the present difficulties,
and which, he says, "thc government refuses TO
create"
What is the English of all thisl Why simply
that Mr. Biddle and all the Banks which he can
influence Or control, will not pay their notes ill
they can coerce the government into their plans !;
mat things must remain as they are, the currency
corrupted, exchanges in impractcable confusion,
commerce lWguid, commercial confidence ex-
'nct, until the nation is driven to adopt Mr. Bid
dies bank
Here is proclamation of war against the 60
Vefnmen Of the people. Here is bold propo
SaI to The banks to array themselves as a distinct
c'aSs' IN order TO influence the legislature Of the
coun'ryiia proposal TO keep up the present embar
easements forever unless national bank is grant
ed them
10 reconcile the people to this war upon their
interests, Mr. Biddlc maintains that it is the most
Oehehcal thing that could be done to postpone
Me resumption for long time to come. The
people want time, he says, 10 get out of their DIFF
ncu'ues, The great restorer is time" We must
approach resumption very gently and gradually.
~ other words, ii is not good to be honest in a
NY II IS not good to restore confidence too
suauen.Y; u IS unwisc 70 precipitatc a healthy
sa'e oil exchanges it is dangerous to pass all
a once from stagnation of business 10 activity.
W., w. mus, not set the broken leg in hurry; we
must Judlclously retard the sick mans conya.