Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1838-09-29

What Is the measure that TIE e-cial Wings re-
commend a. substitute 4 National Bank
with a capital Of ffg millions Of dollars 90 be
stationed al tie centre Of c0mmerce, with branch
es IN every State Of the Un.on. ask, Is lhot
measure plainly constitutional, without ihe and Of
construction TO support IT. NhHhN by con
suuctou alone; formerly, from the revenue power;
and latteIy, from tie commercial power. When
first proposed BY Alex. Hamilton, 10 1892, It was
opposed BY Mr.. Jefferson; and the whole Re
publican party oFhat day,eNpr,ssly on The ground
Of It's unconsttuuonaIlty. In fact, il was the first
great measure Oh winch ne Federal and Ropub-
ican parties divided. Who can measure the pc.
ltleai power that such an institution could WELD!
When the President of the late United States
Bank acknowledged before the committee Of the
House OF Representatives, that, that institution
could at any time crush any of the State Banks IN
the Union; and that Bank, had much less capt.
tai than is proposed to give this new one. Such
a bank would be able TO control the exchanges
all over the Union and by approaching or dc
preciatlng them, force the tide of commerce into
those channels II might desire 10 favor Where
yer II is located will be the centre place of credit,
and by the superior means OF commercial accom-
modation il will afford, from its great ro-
sources, and the credit OF the Government, II will
tend to ccntraze the whole commerce Of The
Union, and destroy that Of the weaker sections,
Banks and capital are the natural allies of the
Government. Should such an institution os is
proposed by the Federal Wings be chartered and
at any time during lis existence should our coun-
Try be cursed with a corrupt administration,
they would move on harmoniousy together under
this Government; the one Strengthening the 9th
er, IN all their projects Of aggrandizement; and
If the liberties Of the country should survive their
coalition, II would be because they could not be
destroyed.
There Is yet paramount reason, Why the state
rights party should support the Independent Sub
Treasury bill, when, to ever mind. ought
to shield them ilom the smputation Of
change IN purposes, or abandonment Of princi.
pies. 1t is this In 1886, when the party il
power proposed the State Bauks to carry on tht
fiscal operations Of the Government, as a substi
tute for the United States Bank, the State Rights
party brought forward rs their measure Mr.. Cor
don'S bill, which provided for a separation of tn,
Government iiom the Banks, and the collection
of its revenues, in the constitutional currency
The Administration party was then opposed tc
the meusure,-they now suppotn Can the Fed
er0 party suppose US so lost TO all sense of dul,
and propnety, as TO act upon the mere principle
of stupid party hatred, and oppose our own meas
III and principles because others agree with them
How, | should like to know, could We do other
wise than support this bill Suppose, for the SAX,
Of argument, that ii did throw us, as some Of III,
opposition say in alliance with "corrupt Ad
ministraton. What thenl Do our principle,
depend on the corruption of others Have tn,
FederaIists ever esteemed US so low, a.; to sup
pose, that we would oppose any Administration
of this Government, whether its measures vert
good or bad, without any regard to the welfare O
the people or the principles Of the Constitution
Then, is II our party TO remain silent and nacty,
whilst the great Constitutional struggle is goin.
on VIII it be said, that the State Rights mel
of the South remained with craven hearts an,
coward minds fearful of mlngling in the strife
when the establishment Of the great principles 70
which their party had heretofore commended, wa
tho certain reward Of victory because their par
ty was not sufficiently powerful to take the lead
No--never shall it be said, while am able 10 re
pei the foul ospersion! Then let us TO a man
although our numbers are few, be foremost on tn
day OF election in voting for Judge Trotte
Qhrough Mr.. BuIer,) who has, during the lat
session of Congress, uniformly and zealously ad
vocated the Independent Troesury bill, which cor
alns the same provisions the bill did that our pa,
| ty introduced in 1896.
NULLIFIER.
For the Democrat.
To The consistent and independen, .Nuuifers o
LoCndes Counh,