Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-09-01


officers, and contains foul and base SLAM
der on the people of Mississippi, took &C.
casion on the discussion of the bill last
mentioned, to reoel this wanton attack up
on the character and integrity of my con-
stltuents. ~
A bill to establish new land diSi I'm
this State, locating the Office at Pduy9lng,
and bill relinquishing the two per Cent.
tnnd TO the State, and investing her Legis-
lature with power to employ the fund in
internal Improvement, passed the Senate
but reached the House too late for action
at this session.
fourmail facilities will be much increa-
sed by the many new routes established
In the State; your convenience will be ad
vanced by the establishment ofn new dis
trict Of the Federal Court in Mssissippi;
and your commercial importance augmen-
ted, by declaring Vicksburg Port Of En-
try, and Grand Gulf a Port Of Delivery
All of which has been effected at this SEES
sion of Congress.
A bill to modify the 9th section of the
Deposit Act of 1886, was passed; which
relieves the banks from the disabilities in
CURED by the issuance of small bills
The notes of all banks, on resumption
ofspecie payments, will be receivable for
dues 10 the Government.
A bill to increase the army was passed
and also bill for the better security Of the
lives and property Of persons on steam
boats.
Having noticed such measures as deem.
most interesting to the State of Mississippi,
| shall proceed briefly to notice somo 9TH
ers of more general character. And
first of these is the SUB-TREASURY.
The objects ofthis measure were declared |
by its friends TO be an ENTIRE SEPARATION
Of the GOVERNMENT from BANKS; and, the |
COLLECTION OF THE REVENUE IN GOLD |
AND SILVER!
The limits ola circular will not admit
detailed examination of this INDEPEN-
DENT TREASURY SCHEME! And |
consider such an examination unnecessa-
ry at this time, and in this place, as it has
been so fully and so ably Investigated, by
all parties; and the investigation so widely
circulated through the publicjuurnals and
printed speeches. My opposition to this
measure was frankly avowed on all occa-
sions, during the canvass which preceded
my election; and | have now only to add,
that my opposition is the more confirmed
from athorough examination OF the sub
ject.
The collection Of the revenues in me-
talic currency, is, in my opinion, impracti-
cable; and if practicable, i. is unjust, as it
makes distinction between the money to
be used by the Government, and the mon
ey to be used by the People. And let not
this objection be answered by the asser-
ton, that the Government is the people; for |
if that be true, then all bank paper
would be rejected; and if it be not true, the
distinction between the funds Of the Gov
crnment and of the people, would DO crea-
ted.
The people and the Government, from
the earliest period, have used the credit
system. They have encouraged it, and
under its operations they have prospered.
The Government, from its commencement,
has connected itself with banks; and from
1888 TO 1887, the right ofthe Government;
not only to connect itself with banks, but TO
control their conduct and regulate the cur
rency Of the country, was both claimed By
The crecutiue officers Of the Governmental
The Secretary of the Treasury, in giving
his reasons for the removal Of the depos-
its, declared that he believed "the State
banks could furnish general circulating
medium, quite as uniform 10 value as that
which had been afforded by the Bank of
the United States. Probably more so."--
In his letter to the Presidents Of the banks,
in which the public money was deposited,
he states; 'The deposites of the public
will enable you to afford increased
facilities to the commercial and other clas-
SEES of the community, and the Department
anticipates from you tie adoption of such
course respecting your accommodations as
oiEl proue acceptable TO the people and safe
% the Government" And President Jack
son stated in his message to Congress, that
he entirely concarred 10Th the Secretary of
he Treasury in the Uiew he had taken on
hat subject. And The present Chief Ma
yiStrate, in his celebrated letter to the Hon.
Sherrod Williams, states that he sincerely
'eliereS, shat The public funds may be as
afely and conveniently transmitted from
me portion ofthe Union to another, that do
nestle Exchanges can be as successfully and
IS cheapiy effected, and the currency be rem
Tered at least as sound under the eriSting
yStem, as those objects could be accomplish
d By a National Bank" In all these ex-