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

rights purchased by their blood lie can make
no compromise but by concession, and you have
no concessions to make. Does not the very
term imply that, as a STAKEHOLDER, he will make
himself acceptable to northern fanatics by op'n-
ions and concessions touching your vital interests,
and at war with your political existence Away
with al such compromise cannot believe mat
Mississippi will ever hand over her votes to be
laid as Precipitation at the feet OF northern lama
ticism; and vet such will be the direct and una
yoidabe tendency if you transfer your confidence
TO men pledged to carry out his views, and who
will become the lesser lights revolving around
him as common centre.
One word as to the banks and am done. l
have charged that the present panic las been pro-
duced by few interested monopollsts, who de-
sire to seize upon The public revenue, as means
of creating moneyed influence which shall con
troll our politics and our commerce. II IS now
evident. that the sudden and ruinOus depreciation
of the price Of our great staple, by the Bank of
England, was uncaed for. But for the sudden
contraction of ITS credits, the current shipments
Of cotton, al current prices, would have paid our
foreign debt, without suspension oil specie pay
menis. That suspension has been tolerated eve
~ where Only on the plea OF necessity, and under
the expectation that the banks, which had become
so largely the creditor party, would continue their
accommodations until, by rigid economy, the
business community could discharge the heavy
balances against them. How has this expecta-
ton been disappointed! The foreign debt has
been adjusted there is no longer demand for
the precious metals for expectation /; money is
abundant in the European markets the home
circulation has been diminished one half, and
wherefore do the banks not discount! The re-
turns show that there arc now on private depos-
ite in the banks oi tho great commercial cities Of
north, something like SIXTY MILLIONS of dollars.
This immense sum IS permitted TO remain idle in
their vaults, because the capitalists of those cities
have conspred together, and are making war upon
the people and the Government, to coerce them
into such modification of the credit and
banking system as may be dictated; aud Mr..
Clay as the head Of the political party in alliance
with this stupendous combination, looks on and
smiles at the suffering Of the people, because he
believes that suffering will humble them, and min
lister to his ambition. Why do not these deposit
tors lend their boarded millions to Industrious
merchants, mechanics aud planters Is 1t be-
cause they cannot find solvent borrowers Is 1t
because men, when reduced to extreme distress,
will rush into desperate expedIents for relei Is
il because communities, at periods of pressing ca
lamty loiget political principles Is itnot be-
cause they intend, by the pressure. to place Mi.
Clay in power, that he may then give them such
bank as will make IN 10 lem what they now
lose sy permitting their money to lie unemployed!
Let the people of Mississippi, like those of South
Carolina, be true to themselves. and refuse to en-
dorse this combination against their interests.
FeIow-Cuizens; In thus warning you, frankly
and learlessly, of the dangers that are pressing
upon us, | needed not the strong justification oil
selcdelence. but discharge solemn duty, re-
CURED of every trusty sentinel when he leaves his
post. know that | doom myself TO the unre-
icntng hostility Of powerful men, and that Their
| m.-.s,s here nrd al-o~rbnra ,o,il spAro no ami
nIadversion, no oOlnmny. TO effect my overthrow.
| I Iear taem noh Defeat and rum to myself are
nothing, ifmy warning voice can rouse the SourH
to look at the procipice upon which she stands.
The unsparng abuse which has already been la
Wished on all my acts, have not suffered to in
lluence my course or disturb my equanImty, re-
rardinp it more as the eifervcscence Of personal
malice, than the calm dlsapproyal which every
constituent has a right TO put upon the acts of his
representative. have lately seen publication
in which my able colleague and myself are term
ed "usurpers," II is true that tho election un-
der which we held our seats has been declared
invalid, by the only tribunal competent so to de-
clare il. As such, we have yielded to the decis-
ion without complaint, and while we IRE aware
that, upon The lac Of The case, many patriotic
members voted reluctantly against us, we have
the satisfaction Of knowing that not one enemy q
southern interests, mol one abolitionisi, and nei-
Their Adams or Slade VOTED WITH Us. Our
course in this matter was governed mainly by our
own convictions oil our own rights, and the high
constitutional rights of those who sent us here.
We were partly forced into the position we occu-
pied by the schemes of the federal party at home,
and the federal party here. Upon them alone
rests the Responsibility q! attempting 10 drive us
from our seats, and to siihe your voice, at the
Threshold, and OF leaving the State unrcprescnt-
ed at this eveLttdl crisis in the National Lcgisla-
ture. This question, however, is now settled,
If we were usurpers," our claim has been re-
jccted. live were not, the epithet Kisses its
harmless fury upon the ground. The GREAT
QUESTION now to be determined, is not as to who
had the best claim 10 represent you, but whether
you will choose the advocates of monstrous mo-
neyed corporation, and its train Of fatal conse-
Quences, or those who prefer TO build up our own
State institutions and our own home markets, to
fee us from the ,lraldom Of northern lactolage
and from those who, by their tracts and emssa-
ries, arc poisoning the very fountains at which we
drink. JOHN +. IL. CLAIBORNE.
WASHINGTON CRY, February a, 1888.
?. S. have been detained in this city, aden-
ding to many important claims for my constitu-
ents, but will be at home 10 few days, an shall
address the people ofovcry county in the State
on this subject, laying before them all its details,
and particularly its connexion with The approach
ing Presidential canvass.