Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-08-20
SUB Treasury SYSTEM CONTINUED.
Mr.. EDIToR,-

SUB TREASURY SYSTEM CONTINUED.
Mr.. EDIroR,-
SIR: The first and most important con-
sideration with the people of Mississippi,
should be-self preservation. They should
diligently enquire, carefully examine, and fire.
quently ask themselves, can we perceive the
index which directs US to the source from
whence we are to derive relief from the oner-
Gus and unjust tribute which we are now pay
ing to our sister States, of at least one fourth
of the labours which constitutes the wealth of
our own State, by way of tax, not only for the
conveniences and necessaries of life, but also
on incidental expences incurred, when bust
ness calls US abroad. This tax, fellow citizens,
reduces the price of the staple article, cotton,
exported from our State. The cotton planter,
the mechanic, the laboGrer, (who are the
principal consumers they, and they alone, pay
the tax. Should not so important consider
alton induce the enlightened portion of De-
mocracy, as well as Wings to go into strict
examination before it Is too late. Yes! fellow
citizens before the axe is laid to THE ROOT If
the Tree Of Liberty
l have just been reading the correspondence
of the Hon. R. J. Walker, with a number OF
the most conspicuous gentlemen ofour State.
At the head of whom is his excellency, A. q.
M'Nutt; and so fully convinced am that the
following remarks have a bearing upon the
true issue before the People-a National Bank
or a Sub Treasury scheme, that | do not
consider it, a depression from the original IN
tention of this communication, to notice the
following. His excellency, A. G. McNutt,
and his coadjutors, very gravely asks Wheth-
er the People shall be ruled by their own Gov
ernments; under laws of their own framing,
administered by agents of their own choice; or
whether the Government and the laws, shall
be according to the pleasure ola few lnonied
corporations, while the people are to be Their
vassas and slaves" Again, from the same
source, Shall the People be ruled, or shall
they be dictated to. and tyranized over by
set of Bankers, Brokers, and Sharers7
In the response made by the Hon. gentle
men, we find the following: "Under what
circumstances, is this extraordinary demand
by the Banks now made, for the uses and Gus
tody of the Public money! It is made, saws
the Hon. gentlemen, at period when the
Government,-(mark the following words fel-
iow-citlzens) iCdS reduced TO Bankruptcy by
the insolvency OF THE BANKS! and when
they failed IN the possession of more than
TWENTY MILLIONS of the Public Money.
which they unjustly withheld from the cred
ltors OF the Nation. large portion of which
has never been refunded. All of which, is
truth itself. Now, let us examine the
state OF the case. First, if these gentlemen
were sworn upon the Holy Evangelists of AL
mighty God, to tell the truth, THE WHOLE
TRUTH, and nothing but the truth, the case
would stand as follows, viz:
That which Is so insidionsly brought before
the public as charge against the Bank Wings
as we are termed, and opponents of the Ad-
mlnktTatlon, and Its corrupt measures, would
soon verify the words of Shakespeare, @Re-
venge! though sweet, bitter ere long, back on
itself recoils. Is not this an attempt on the
part of Democracy, TO Danish virtue. truth
and patriotism, from the soil of Libertv1
How stands the true issue! The Banks,
Brokers, and ShauerS, alluded to, are the off
spring of Democracy. The Banks are the
PR BANKS, created by Democracy. on the
ruin and destruction, Of one of the best fiscal
agents, that this, or any other country ever
previous 10 the removal of the deposites In
1884, by special compact, entered into, with
the Government, and on the payment, of one
and half millions of Dollars, for the privilege
of disbursing the Revenue of our country.
free Of any charge: did actually and honestly.
disburse fur hundred and sirtv millions Of
dollars without a loss to the government of a
single dollar.
This, Fellow Citizens, IS a true state ofthc
case, nor is there aught declared in party ran
cour, or set down in malice. Brokers and
Shauers are suckers emanating from the same
source, which during the existence of the
great fiscal agent alluded to, were pruned by
the hand of a corrector and restrictor; then,
and only then. like angels visits; they were
few and far between.
Again-This Hon. gentleman in his cor
respondence, further tells us, that aIf under
circumstances so disgraceful to themselves, so
rnlnous 70 the country, the Banks, Cor rather
he should say the Pet Banks have demanded
which We have yet to learn, 1.-THE use Il custody
ofallthe public money, and the disbursements
Of al Revenues Of the Nation Ia their depre-
eiated paper. What viii they not demand Il
organized under the direction and control
ol great National Central Bank Of Fifty