Southern telegraph., 1838-07-11
WHERE FROM! WHERE FECMM

WHERE FROM! WHERE FECMM
As when ship has been navigating
a doubtful sea, driven by gales, 50 it is use
ful to mark OFT on the chrr of these time.
The route we have TO reach The land where
we now think we are.
In 1929, the American Ship Of State
set sal under the conmlud Of Gen. Jack.
SON rs Car. in, nd Mr. Calhoun as Mate
m'pned hy Nlr. Van BIren, A.--rs. Blair
hend v, E4ton, and oDhar> Tic ala route
over the sea, traced out by Washing.oaanu
VI dis n was before them, but they though
hey must try the experiment of new
/ rack.
In 1881, there was a mntiny on board
thus ship. Mr.. Van Buren, began series OF
Inrlgnes, which induced Gen. jackson to
throw Mr.. Calhoun overheard, on which
Mr. Calhoun swan to the state yawl boat,
aud holsied the flag of a star and stripe.
dottng The flag of the Union. Then me
the Proclamation, the Force Bill, and the
hostile attitude Of South Carolina.
In 1912 ard '33, the officers of this
ship, peace being restored on board, began
to take new observations upon The currency.
to abandon the deep and clear ,ilng of n
National Bank, and 10 steer amid he shoals
and reefs Of the State Banks. The New
York bands on board the ship promised the
Clp'aln better sailing ground Than he had,
II he would sill along their port.
Then came the veto, the removal of the
depo~ios, and the specie circular, the first
bringing the creation of new banks in eve
nv srate of die Union; the second stimnlat-
InS them to enormous explusions of The
currency, and the last Fastening the catas.
lrophe.
Ia 1885 and 1886, was The era of glory.
"li was glory enough to serve under such a
Chief" or to follow in the footsteps of such
an lllustrIous predecessor. March the 4th,
1897, the chief from the western Facade of
the Capitol at Washington, in his Farewell
Address, proclaimed exultingly his satisfac-
ton with "my experiment" and uttered that
memorable phrase, 81 leave this great peo-
pie prosperous and happy"
Inc scene changes. April, 1887,
the merchants of New York, foreseeing the
Storm ahead, met aud appointed 'delega-
ton TO visit Washington, and to request of
the President
First, an immediate convocation of Con-
gress.
Second, an immediate repeal of the Spe-
Gle Circular.
Third, National Bank to regulate the
currency and domestic exchanges of the
country.
The only direct answer to their requests
was, after the refusal of Mr. Van Blren
10 grant either of the three propositions.
thatever memorable answer of the official
organ
"Iaere rs no pressure rhich any honest
man may regret"
On the 10 day of MAY, 1887, the New
York and Mississippi banks began the sus-
pension of specie payments, and all the
Union, aud The Canadas, and the Provinces
followed
ln few days after, Mr.. Van Buren,
discovered "great and weighty marters.r
demanding the action of Congress. The
lrsl proposition Of the merchants was grant
ID.
In July came the memorable letter of
General jackson from the Hermitage, de-
ouncing the banks and the merchants as
.ullty OF unparalleled treachery and peril
"
In August came the proposition of Mr.. :
ioule, from Washington, and of Senator
wright from the st. lawrence, to sail on the :
sw track oflhe Sub-Freasury. a
In September Congress met, and Mr. q
ahoun pat on the Loco Foco iacket of ''
e New York Park. Then Mr.. Van B1. ~
n knew hm, and begged his pardon for a
wing called him John Catalina Calhoun. :,
e great traitor, and the incendlary Of the %
". u'
In October, boaslIng Hard Money Gov. 10
nment which was to make the "gold run 90
the Mississippi" and the "yellow boys' ."