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

ised ortbe fact. that we were mistaken ~ assert
;ng that Nicholas BIddle Is q member Of The
Pennsylvania Convention. A Mr.. Biddle' bank
man too, is certainly member Of the ConveE-
ton, and was the mover Of the resolution, We al
luded 10 in our last respecting runaway slaves
If we were mistaken, therefore it does not alter
the case at all. Our object was 10 show that the
Bank party at the north are united with the A6o-
litionists, and are part and parcel of theni--the
vote on the resolution referred to clearly shows
this. The Argus fell the fierce ofouf statement
he could not parry it, and attempted to get out
of the difficulty by raising false issue about
mistake of names. 1t wont do, Mr.. Argus. We
assert that your party at the north are allied with
the abolitionists, and We have the facts to prove
it--fdets which you cannot gainsay.
When we speak OF the bank or federal party
we mean those and those only who are in favor
of Il National Bank. We wish our neighbor Of
the Argus always so to understand US, it will PEE
vent him in future from misrepresenting US.
which, we feel assured he has no inclination to
do designedy. To the states properly apper-
tain all power over the subject Of banking. 1t is
enc Of their rescrred rights. The power Of Con-
gress with regard to the currency is expressly
limited TO coming Of money, mot bank notes,
which is not money, but only the representative
of land the regulation Of IFS value. The fed
eralists are in favor of stretching the powers
granted by the constitution so as 10 cover the
whole ground of "the general welfare" thus con-
verting the federal government from the "simple
machine" 1t was intended by its trainers, into
one of consolidated, unlimited powers. Ma
tiona Bank was the entering wedge, by means
of which the federal party hoped to split asunder,
and destroy the limitations imposed upon Con-
gress.--This has ever been their favone object
since the formation of the Government. Alexan-
der Hamilton, who was in principle monarch
list, was the first to advocate the measurable
National Bank. Unable to carry his point in the
Convention, 10 establish grand consolidated go
vernment, he entered upon plan, as soon as
he was placed over The Treasury Deparmentby
Gen. Washington, TO effect insidiously what he
could not do openly--his object was gradually 10
obIiterate the landmarks of the constitution, and
destroy the checks imposed by that instrument
upon the action of Congress. This done, and
his great purpose would be accomplished We
should have monarchy in all but the name. HIS
financial schemes were cunningly devised for the
object he had in view, and National Bank was
the first measure he recommended and the start.
ing point from which he was afterwards to drec
all his operations against the constitution and the
rights of the States. II is fact as well attestct
as any in our history that the discussion Of this
measure in Congress first drew the line between
the two great parties. Federast was the name
given TO him who advocated the Bank, and Re
publican to him who opposed it. Such was the
origin of the two great parties that have existed
in our country ever since the question Of Ma
ton Bank was first agitated. Now let us apply
the test to our ncighbor Of the Argus, and some
of his bank friends in the Legislature.
They are all in favor Of National Bah. --The
Argus supported the measure warmly during The
canvass last summer, and although he is now
little NAM upon the subject, yet he will not deny
that he is sriIl in favor of it. The minority Of q
committee in our last Legislature tal the polti
cal friends Of the Argus,) drew up a counter re-
port strongly advocating National Bank II is
true, they do not seem TO like the old National
Bank. They would charter one upon different
principles, and have il conducted in different
manner. But this does not alter the case at all.
Gran, the power to Congress, and all will follow
--the rest is mere matter Of detail, moi nyoly-
Ing particle Of principle. As the Argus there
fore, and his friends in the Legislature, and his
Ajax lebanon S. S. Prentiss are all in favor of a
bank--all in favor Of that system Of Finance and
that liberal construction Of the federal cons,itu-
ton commended and begunby Alexander Ham
lion, we feel justified in calling them tsderasis,
and we shall continue to call them so until they
change their political creed. If the name is an
unpopular one it is moi our fault, =
Our New SENATOR. 4 Our last Washington
papers inform us that the Hon. James F. Trot-
terhad arrived in that city and taken his seat in
the Senate The Judge was elected as an ad-
mnsIraton man-as one who would use his
best exertions 10 carry out the financial views Of
Mr. Van Buten, and sustain him in his noble
efforts to bring about acomplete divorce of bank
and State. That he will meet the expectations