Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-02-10
For the Liberty Advocate,

OF Nov. BIRD, AS RE-PUBLIsHED IN THE
ADVOCATE OF JAN. goth,
This letter is an answer to an invita-.
ton given Mr. Calhoun TO partake Of Il
public dinner, which he declined, but used
the occasion to explain his conduct at the
Ne extra session of Congress. In doing
his, Mr.. G. evidently exults at the success
Iot his policy, in cooperating with the
''national republicans" for number OF
years, and then Withdrawing from them
at time, when, by their 'Joint forces"
they could, according to his account, have
gained the victory over the adminstra-
ton. 1t is right that Mr.. C. should enjoy
all the credit due to his skill and address
throughout this procedure, although it is
not easy TO perceive what benefits will be
derived to the country from the great re-
suits which he anticipates from his eccen-
trio course. These are,--l. a defeat Of
the design of National Bank ;--2. the
separation Of the Government from all
Banks, and consequent establishment of
the sub-Treasury system;--3. the union
OF the whole South under the banner OF
the State Rights party.
/. As to National Bank, the State of
South Carolina may perhaps do very well
without one; but in this section OF the
South we feel the necessity of such an in
stltution. The Legislature of that State,
strongly imbued with the feelings of Mr..
T., have resolved that national bank is
dangerous. Well, if one general bank be
dangerous, are a thousand local ones
sale9 Mr.. c. seems to be opposed to the
former, on the ground that it would con-
troll the latter, and CIRCULATE the curren-
cy and exchanges of the country" The
effect which he here appears to depreciale,
is the very thing which the interest OF
the country requires. When the diSsolu-
ton of the late Bank of the United States
left no check upon the propensity for bank
king speculation, new banks were multi
piled beyond all example; and no one can
say when this speculation will end, or what
will be its final result. But this we all
know, that the country is now inundated
with deprecated currency, for which
Mr.. C.'s policy has no correction; and he
seems to coincide fully with Mr.. Van Bu-
rem, in the determination to let the people
suffer and shift for themselves. The pop
ular objection, of "one currency for the
government, and another for the people,"
he calls, in one Of his speeches, a "rabble
objection"
2. The sub-Treasury scheme will, i'll
adopted, be like the specie order--a rash
and unnecessary experiment. We see
see how the latter works, and if the for
mer shall work no better, we shall have
additional cause to lament the impirical
humor of the times. Who would have
thought, six months ago, that Mr. Cal
houn would be found cooperating Jealous.
ly with Mr.. Van Buren, and Colonel Ben
ton, in untried measures relative to the
currency and the revenue, the most deli
cate and dangerous subjects on which the
government can act2 Experiments may
be justifable where experience is wanting;
but the latter was not wanting in this case.
The Bank OF the United States had well
answered the purpose Of preserving a
sound circulating medium, and furnishing
a safe and convenient depository for the
public funds; and it does seem to be
wanton and recless procedure to abandon
a system which has proved salutary, and
adopt another of doubtful success.
8. "The union of the entire South" into
a sectional party, is evidently the main
object of Mr.. Calhoun's policy. "The
South must be united,'' says Mr.. C. Uni
ted for what?-for an exclusive hard mon
ey currency, of which we cannot get
enough to pay the postage on our letters?
for the sub-treasury scheme, which VIC
have never tried? United against what?
against National Bank, which we have
tried, and during the existence Of which,
we knew not the want of hard money or
good paper, as circulating medium?-
Or must the South be united, because Mr..
Calhoun and Mr.. Van Buren, are united?
Mr.. G. has not only deserted the national
republicans, but has also actually gone
over to the administration. The admins
tration is in favor of a specie currency
SO is he. 1t is in favor of a separation of
the Government from the banks and the
sub-treasury scheme--so is he. Ii is A.
galnst national bank-and so is he. In
a word, on the whole subject ofthe curren-
cy and revenue, he goes fully with the adj /
mnlstration; and therefore, to support
MN now, IS TO support Mr. Van Buren, in i
his rash and grievous measures. {
1.-The southern division of the admins s
tratlon party (says Mr.. CO. must re-occu-
Ply the old state rights ground. They
have no alternative" Unacquainted with Z
The relative position and peculiar propen- {
sites OF the various parties, do not per-
ceve the force Of this remark. But one