Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-02-24
From rks Richmond Eaguirs.
COZ. WATKINss RESOLUTIONS

We lay before our readers a Series Of Resolu-
lioas, which were yesterday submitted by Mr..
Watkins Of Goochand to the House Of Delegates.
They are drawn IN a spirit Of compromise. They
nav not 90 80 Car a. either OF the ultra wings Of
the Republicans might wish-but we are much
mistaken, # they do not prove acceptable 10 the
great body Of the Party. They recognise most
Of the great elements Of the compromise which
we're embraced ia Mr.. Edmund's Resolutions
bat under a different and happier version. They
require on the one hand, an entire dIsconnecton
between the Deposites Of the Government and
the Discounts OF tho Banks-and a colNenbny
OF balances into specIe--and on the other hand,
the use cftAe State Banks as Special Deposto-
Fies and Of the paper Of certain Banks as under
eertaiA cOndiuons--and the convertbilily so guar
ded. BY The regulations Of Congress, as not to 'af
feet injwlously the interests Of the Banks at the
same time that they prevent the public monies
from being employed for private or corporate Pur-
poses"
There is not a proposition in these Resolutions
10 which we, and we respectfully think, the great
Republican party, may not subscrIbe.--We might
be willing 10 press one or two propositions little
further but il becomes US TO recOllect, that m
doing 90, we might not be able to carry all our
friends with US; and 80, rice VsrsG, with them.
The great beauty Of these resolutions, indeed, is,
that while they do not ask too much Of any, they
do moi run into that variety Of detail, on which we
might possibly divide.
These resolutions are drawn in a happy man
ner.-They ore admirable for the 'smPer IN
which they are conceived, the cOrsflIatory spirit
which they breathe, and the corpromise which
they suggest. WThey are distinguished by the
comprehension Of thar news, as well as the deli
cacy Of their tact Protesting to be founded on n
principle Of harmonious compromise, they can Of
fend none but the few Utras on either side of
the question. They are as happy in what they
bring forward as in what they omit They run
into no unnecessary breadth Of detail, and yet
they embrace most Of the great principles, which
should enter into the discussion. The series Of
resolutions too, is so regular, so connected, and
drawn in so clear and statesman-lke n style, that
we cannot help believing that they will carry with
them decided majority Of the friends of the ad.
ministrator,--and that upon this, or some similar
basis. they will rally and re-unte.
We congratulate Col. Watkins upon the spirit
he has manifested, and the course no has pursued.
This is, indeed, one Of the blessed bene6, of be-
ing "hs coimesi amid the Storm" Resolution
has been offered after resolu,on--but he seems
70 have come nearest TO hitting the nail upon the
head. His resolutions, like the parody Of DR..
Pangoss, gives US as nearly perhaps as may be
expected, the 'true reading at last From such a
movement we augur the reunion Of the Republic
can party.
The following ore the Resolutions referred 10
by the Editor Of the "Enqurer."
Whereas, experience has shewn the connex-
ion heretofore subssting between the General
Government and tho Banks, in the collection,
safe keeping, and tranler Of the Public Revenue,
Is not necessary TO tho fiscal operations of the
Government, and has proved injurious to the
Banks themselves, by stimulating them to owe,
issues.
Had Fhereas. il is important at all times, that
the Government should have perfect and mme.
date control over ITS own funds, unaffected, as
far as possible. by the action Of private corpora
49, ----- ----- .ss~ oEvuiu have no lndcn
ment or temptation to mingle in the political con.
h,cts OF the day, or the Government TO influence
or control them 10 the management Of their pri.
waite business ;--Therelore,
.Vueu' Aha. tho connection existing be-
tween the Government and the Banks previous to
the suspension Of specie payments In May last,
ought moi to BIO renewed, nor should Congress
employ the agency Of any banks in collecting,
and safe keeping, the public revenue, except az
Special Depositories.
hesolped, That while il can recognise no 9th.
CT proper standard Of value, than gold and silver,
and believe that il IS essential 10 the soundness
Oh the currency, that larger proportion Of the
precious metals should be introduce into the Car
culaiion, ,nan has heretofore existed, by creating
greater demand for them yet We are willing
thai the public revenues shall be receivable in The
notes Of specie paying Banks provided that tn,
balances due from them shall be actually convert
cd into specie, At short intervals, and placed il
special deposte, after such time, and under sucl
regulations, as Congress may deem expcdicnt, 3,
as not TO affect injuiously the interest of III,
Banks, Wills. they prevent the public monte.
from being employed for private or corporal,
purposes.
y Resolusd, That however important the prin
eiPles Of policy and expediency involved in III,
question now depending before Congress. witt
respect to the fiscal operations Of The Govern
ment, may be, and as much as we desire to SCI
the subject speedily adjusted upon jus, and pro
per grounds; we do not conceive that il shoul,
produce disunioa in the Republican party, or pre-
vent those who differ in opinion on this poin
alone. from acting tremendously together in sup
port Of the general measures of tho present Ad
minisraon, without which, the fruits of the Veto
ries won BY concert and uuion, may be lost b.
unnecessary divisions.
I" Resolrsd, That We cordially approve III
temperate concsliatory, and liberal tone of tn
Presidents recent Message to Congress on tn
subject ofthe Currency; and that our contidenc
10 DIS wisdom, prudence, patriotism, and fidelity
remains snisnPaired"
ENGLISH PosT.OFFIcE SrArnrlcs.-.-Th
number Of Letters which pass ihropub Al, ,ho nos