Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-11-01

Choctaw purchase would not have been
q entitled TO any presumption whatever
Notwithstanding this-l perceive, that
this very motion Of mine TO re-commi, has
been, by the mondacty or ignorance Of
) the party press in this state charged a.
gainst me as proof Of my hostility to the
rights of the settlers. a.
Next came the Spb-Treasury scheme
tho great administration measure, to the
accomplishment of which all the federal
power and patronage has been made sub.
seryient. | was pledged TO the people 10
oppose it, and redeemed my pledge. Jhc
subject had been so frequently and fully
discussed upon both sides, by men lar
abler than myself, that | thought it super
nuous TO publish the few remarks which |
felt Tiny duty to make during the debate,
Indeed should not have spoken atall, had
not certain arguments fallen from gentle
men in favor Of the bill, which thought
so anomalous and dangerous in principle
so obviously at war with the acknowl-
edged objects Of the government, SO di-
rectly tending to dissolution Of the I'm
hion--and so palpably hostile to the great
agricultural interests OF the Southwest,
las 10 call imperalively upon me to protect
what conceived to be the true interests
Of my own stale. As some mlsunderslan-
ding seems to obtain in relation 10 my
views Oh this question, especially in re-
gard to its bearing upon the South, | will
as concisely as possible repeat them, as |
have always entertained and uniformly
expressed them. This misunderstanding
has in part arisen, from some very imper
feet and incorrect reports of remarks which
had the honor to make, on a recent occa-
sion in the city of New York in all which
reports, that | have seen, both my ideas
and expressions. seem in very many in
stances to have been totally misapprehen-
ded and in part from the gross false
hoods, with which have been abundantly
honored by the party newspapers of the
Administration, and Of late by those of
their allies. ..s.a
The limits which propriety and your
patience prescribe, will not permit me TO
go at very great length into this question,
but trust, shall be sufficiently explicit
TO prevent all future doubt or misappre.
ihension. g." "@
! The Sub-Treasury scheme contains two
substantive propositions, to wit; that the
government shall collect all its revenues
in gold and silver only. Secondly, thai
those revenues, when collected, shall be-
kent in iron safes or treasure-chests, by
officers appointed for that purpose BY the
executive. Both these propositions in
volve the most violent changes, in the long
established practice of the government,
and must produce changes equally violent
in the financial system of the country at
large. Heretofore, convertible bank pa
per, has been considered both by the PEG
pie and the government as money -recel-
we'd and paid as such, and performing all
the functions Of the precious metals, to a
much greater extent, than could have been
done by these cumbrous agents themselves.
The government has no other use for mo-
ncy than The people: 1t has its officers TO
nav; SO has an individual his laborers =
it builds, mans and victuals its navy--so
does the merchant his ships. The same
kind ofcurrency which will answer in the
one case, will answer in the other In
the use Of money the government stands
in the same attitude as a private indlvld-
ual. Why then should it desire in the
transaction its business, different cur
rency from that which The people require
in the transaction Of theirs? Either the
system of convertible bank paper is vi
cious, or the government ought not 10 re
! fuse its co. operation in sustaining 1t, i
is true, the advocates Of the Sub-TleasurJ
+ assert that gold and silver compose the on
b, " constitutional currency. That they
: are the only constitutional standard o.
measure Of currency, no one Will deny -
bnt this is as much the case with the peo
, pIe as with the goyernment-the one i
+ rs much bound by this standard as tn,
$ other: either has tho right TO demand !
o in payment OF oil debts. The people
5 however, have had the wisdom topcrcelve
y that the demand in every instance, OF TN
o constitutional standard or measure Of mo
Il ney. in other words pure, metallic cur
! rcncy, would be ruinous to their enter
J. prise and paraIyzing to their efforts 10
J. the development oil the resources oil M
q great nation. 1t would be making man
/. Strides backwards in the path OF improve
n ment. II would be taking barbarous an
ii no, civilized nations for our models N
: one now protends that the people have e, e'
q rcd in their uniform adoption OF conve
h tibe bank paper instead Of Pure, neiaI'
$ currency, unless it be occasionally som
6. half crazcd radical, some political Mo-
at monte, whose whole soul has Oecon
NJ wrapped up in his golden bible, and WI
n, looks upon return TO an exclusive ule''
Il. ic currency as the financial millennium,
% - I..L- ny ....l L.,.n nctnd wisely in d