Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-11-01


: Such were some OF the general views
vi which took OF this subject, though my
i fear Of wearying your patience has pre-,
Q vented me from illustrating them as fully
J. as could have wished. t-sr
$ But this Sub-Treasury scheme was pre-.
scented TO me in another attitude and en-.
, forced by other arguments than those to
which have alluded, in my opposition to
: which it seems have been charged with
desc rting the interests Of the South. You
= all know that at the special session Of Con-
! gress, a distinguished Senator from South
: Carolina, threw himselfat the head ofthe
: Administration party as their champion in
r the great contest upon the Sub-Treasury ;
but though he led them, he changed both
the ground and the weapons never was
| an order Of battle so suddenly altered
Tie administration party stood aghast at
the bodness with which their new ally
{ forced them TO leave the inlrenchmenis
which they had themselves thrown up, and
occupy the new positions which he pointed
out 10 them. 1t was the same in the
House; the administration party, desti-
tutc of any leader of capacity, placed
themselves under the command Of their
old enemies, who fought with zeal like
that which burned in the breast of"A the
Adrian renegade" when he led the Mos
lem host against his christian brethren.
well understood at the time the object
OF leaving the contes, in the hands of Sou
thern men. They argued it upon posi-
lions which Northern men did not dare to
take, and which they thought no southern
man would dare TO oppose. They placed
the question upon sectional grounds and
arrayed around il all the prcjudces, which,
with the abolition question as nucleus,
could possibly be gathered together.
1t was asserted that the collection Of the
revenue in the paper currency of the coun-
, try, and its use by the banks had concen-
trated capital at The north; had fostercd
t northern commerce at the expense of the
south; and that the vast CONNIE rcial pros
perity al the north was not the result either
Of natural advantages, enterprise or ne
cessity, but the illegitimate offspring OF
: the unconstitutional action Of The govern
ment. 1t was said that it was the inter
: est of The snnth todsconnect herself from
f all business relations with the north; TO alb
y stain from the use Of northern capital, ant
: TO carry on all her own commerce, boil
y exporting and importing. BY the adoption
+ ofthe Sub Treasury scheme, it was con
: tended The artificial aid which had hereto
: fore sustained northern commerce, would
, be taken away, that southern commerce
r would Immediately arise in its stead, and
/. the desirable contamination at length be
: attained by total dlsconnectlon from our
| northern brethren. Such, as near as
, could understand. was the character oil The
, arguments addressed to southern gentle
men to enlist their support in favor OF the
bill. They were variously interspersed,
however with bitter complaints oil the vas
saIage 10 which we were subjected IN the
purchase of northern merchandise, and
The use Of northern capital. Now take
a different view of this matter and dissent
from most Of the propositions upon which
the argument is based; Of course cannot
WELD my assent toAhe conclusion. Tor
one, do not believe that the commerce OF
the north has been the result either OF the
United States Bank or of the fiscal opera
lions of the government. Nor do think
that The commerce of the south has been
limited by either Of these causes, per
ceive others much more obvious and pal
J pable. In the broad regions which com,
pose this republic nature has clearly in
dicaled to the inhabitants diversity OF
, pursuits. Our own section of the Union
. IS remarkable for its agricultural capacity
, Probably no country on the face OF the
globe combines SO rich soil with so val
liable product. The leading interest
/ here is. and ever must be, agricultural
/. In other portions Of the Union the soil is
!. sterile and stubborn, yielding but a scan
! ~ return, and compelling the people, as
. their capital accumulates, TO invest 1t IN
| some moro profitable pursuit. Such, Tor
the most par, is the case IN the norm
i there, capital invested in commerce, yeids
il larger profit than capital invested IN aS
!. riculture. In this country the case IS re-
J yersed. Capital invested here in agrIcu!ii'
q ture Yields larger profit than II would
!. invested in commerce. That such Is tn'
/, case take for granted, from the TACT ina
/. capital here always seeks agricultural an(
d moi commercial investments. II seems t
g me that these propositions alone afford
:. sufficient reason why the commerce OF IN
. south is limited, when compared with tina
!. of the north. see no reason why w
3 should CON plain OF that which is the bes
d proof Of our prosperity. If our agricul
q lure was less prohlable we should sool
J. become morc COMMERCIAL. That our 70
IS Dor is more productive than that OF TN
I. north, is evident from the fact that we ar
d every day borrowing northern carilail
N and find its investment here yields proI
N M. .-.an,.,. Al N 4, Tho infPrnsf WE nav 10