Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-03-10


Is one Individual, who. with sleepless vigilance,
watches over her interest. Upon looking into
the progress Of abolition, he saw that the main
pillar Of its strength consisted in the fundamental
error, which from the foundation Of the Govern
menl has separated the federal from the rePubli-
can party, to wit: they holding that the consliu-
ton, emanaied from the people Of the Unifsd
States as one consolidated, IndlvisIbe mass,
whilst the republicans have ever insisted that the
constitution was adopted by the people Of the
ssvsral States, as separate, independent political
communities. Believing that this federal heresy
had obtained fearful performance in the non
saveaoIding States, and, by making the inhab-
tanis Of those States responsible in their conscl-
ences Cor the existence Of slavery with Us, threat
ened to consolidate their efforts to abolish It. Mr.
Calhoun adopted the only alternative which could
arres; the evil, by embodying in the resolutions
which he Submitted the true principles Of the Go
vernment and by thus relieving the scrupes OF
northern men, enabled them TO unite with Us, on
the common platform Of the constitution, in de-
Tending il. Ii we grant that each man in this
country had separate and direct agency in estab-
fishing the constitution, then we must admit that
the citizens of each State have right TO Interfere
with the municipal concerns Of the others Mr.
Calhoun's resolutions expressly deny this; they
assert the true principle upon which The Govern
ment was organized, and for The first time this
punciple has been sanctioned by solemn vote
OF the American Senate, ~ the adoption of the
resolutions, thus affirming the doctrines laid down
in the Presidents inaugural address. They are
in the memory Of every reader. The several
votes taken upon them ia the various stages Of
their progress exhibit the usual division of parties
the anli-bank and administration men voting
for the resolutions, tho federal party against
them.
ask the impartial reader whether tho vote on
these resolutions, taken in connexon with the
proceedings in the House, can leave doubt in
his mind as TO which Of the two great political par
ties are allied with the abolltionists But my
proofs do not stop here. Every hired scrvener
in federal pay, from one end Of the continent to
tae other. levolled his shafts at Mr.. Calhoun, and
the democratic Senators who voted with him.
Why did they do so was il not because they be-
leved his resolutions would cmbarrass Mr. Clayl
indeed, they openly charged that they were inten-
ded for this purpose, aud for this only am
warranted in believing that MIR. Clay himself so
considered and treated them. Ho,c, il may be
damental principles injure Mr.. Cayl | will tell
you. Tue establishment Of these truths, by re-
moving the scruples Of many honest and deluded
men in the north, would not only unite hem to
the democracy there against uboIiton md thus
defeat MIR. Clay's aspirations in that quarter, but,
!. by rallying The south in defence Of her own nsti
tutions, defeat those, who, among u.s. have idenli-
fed themselves with him, and who have roconc
cd themselves to betray the interests oflho south.
under the deiusvc hope Of finding an indemnity
in his special favor when he shall come into Tho
Presidency.
have felt It my duty TO give this explanation
ia detail, because Mr. GAYS partisans in Mis-
sissippI, taking advantage of my absence, and
knowing that my feeble health prevents me from
retros2g, at present, TO repcl their calpmples
facc o9giasS, i..,u charged that approved Of his
End Spa as y s Mi 6 IN others upon ey
cry important question Of policy, the most oppos-
ed to our interests. lie is the father of the tariff,
and, at the preceding session, opposed Mr..
Wright's bill to reduce il t,eo and half million
Of dollars lilo has prevented the reduction Of
the price Of public lands, and opposed its cession
to you by the General Government he has dc.
nouaced our settlers as lawess and worthless in
truders, who ought to be driven from the public
domain ;.and session a1er session has conribu-
ted TO defeat every bill brought forward Ior their
relief. He is unquestionaby the head Of the I'M
holy alliance between federalism, ianatcism. and
monopoly and this brings mo 10 speak Of his
relation to the moneyed institutions of tho coun-
try. will give you FIST few facts, and then
my inferences.
In 1892, the Bank Of En- gland, after desper-
ate struggle, was re-chartered, for Ten years only
Its political existence will expire in 1912. The
Barngs aud capitalists of that clique arc dentifi
ed with the Bank Of England. The conaic, be.
tween the Bank of the United States and the late
administration reached its climax in 1887. The
European agency for tho United States, which
had been so long held by the Barings, was trans.
iened to the Rotschilds. Now mark what fol.
lowed. The Bank Of England and the Bank Of
the United States both enlarged their issues. A
wild spirit OF speculation pervadcd all classes OF
society. The agents and correspondents Of the
Rothschilds dealt largely in our great staple. Ac.
ceptances, predicated on shipments of cotton. for
millions, were running 10 maturity, when the
Bank Of England suddenly closed her vaults, and.
by reducing its price, overwhelmed in common
rum all those who relied upon the sale of cotton
to meet their engagements. Another fact The
Bank of the United States had sold out its bran.
ches, and had 50 timed its contracts that tbs large
balances thus created were falling due and press.
ing on the debtor Institutions on this side of the
Atlantic at the very moment when the Bank of
England occasioned the great commercial reyuIs
SION on the other; thereby cutting up the resour.
ces, and preventing our local institutions from
coming 10 the relief Of our despairng merchants
Another striking coincidence is, that Mr.. Biddle
had his agen: on the spot in London and that
while the Bank of England crushed every other
interest, an almost unlimited credit was endorsed
upon the Bank ofthc United States thereby en-