Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1838-12-25

I take a newspaper, the only sure way, You
know, to find out what IS going on in the
world, am quite in the dark.
Mr.. J. Well, / viii tell you. You have
heard of National Bank.
Farm. Yes,-when moved out to this
country, l brought with me United States
Bank bills, and although brought them 500
miles, they were as good, and better than gold
and silver to me.
Mr.. j. Now,sir, you mus. know that Gen.
Jackson destroyed the Bank that you speak Of
issued specie circular
Farm. Oh yes, remember the Specie Cir
culaT; for when went to the Land Office to
enter an eighth section of land that adjoined
my farm, the Receiver told me that Gen. Jack
son had given them orders to take nothiag but
Silver or Gold. could not get the land, al
though I offered to pay in Planters Bank,
TombigbY, Commercial, or Alabama bills,
which | took for my corn and cotton. Well
rich Spectator, finding that Twas anxious to
get the land, went and entered il, and then
told me that could have the land, if wanted
it, at Ten Dollars per acre INSTEAD of 81 25)
and that he would take my money at twenty
five per cent discount reckon shan't for
get the Specie Circular in hurry.
Mr.. J. This Specie Circular upset al the
business calculations of every man. For fear
that their bills would be presented for specie,
by rich capitalists, to enter land with, the
Banks were obliged to suspend specie pay
ments, and the whole currency of the country
was disordered. When went North to lay
in my goods, l found that my Mississippi
money was worth only IS cents on the dollar,
and the consequence is, am obliged to charge
you greater profit on this pair of shoes to
make up the loss on my money. Now, if things
stood as they did few years ago, could
have bought United States money, or a check
on the North, by paying a premium of one or
two dollars on the hundred, either of which
would bring me specie, and then could afford
these shoes for two dollars or two aud quar-
ter. Now, in my opinion we must have, In
this widely extended country, a National
Bank of some kind, to regulate the curren-
cy of the country. State Banks viii new
er do it. Look at the Banks in Missis-
sippi. They don't now regulate the currency
of the several counties. Go to Natchez and
try to buy an article with Real Estate or a
Tombigby bill you VIII have to be shaved.
Go even to Jackson, and they win charge you
49, .a.y.
The fact of the business is, you farmers have
to bear the whole loss in the end. The mer-
chant must make profit, or else he viii quit
business; the farmer must have clothing and
provisions for his family and negroes, and for
what little he wants, he can't afford the ex-
pense of going four or five hundred or thou
sand miles to buy them. And then, if there
were no merchants here, there would be but
few in the large cities and as then there
would be but little competition in trade, goods
would be higher than they are now. Farmers,
merchants, manufacturers, and mechanics are
all connected: One class to raise the cotton,
and one to ship it and supply the goods neces-
sary for the use and comfort of an-and the
other, to consume the cotton by manufacturing
it into domestics, calicoes, &c. Whatever af-
fects one, affects the other; and in the destruc-
ton of the National Bank, by Gen. Jackson,
and Mr.. Van Buren,, and their Specie Circu-
lar and Sub Treasures, we are all in difficulty
together. Now, am in favor Of sound and
uniform currency and knowing that DICK
INSON goes his death for that am gong
to UOts for him. TUCKER is Van Buren,
man; and although like him as man. can
not stand his politics, for. looking back two
years, / find that he is, in my opinion, wrong.
Farm Well, must tale the shoes, but
they are the dearest l ever bought. As for
Mr.. Tucker, like the man, but if he is in
favor Van Buren,, who am now convinced
has brought us into all our money difficulties
/ can't vote for him. shall go for Dickinson,
ana try the Wings. Good morning.