Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-11-23

mileage, which ve mss, tina, the "ah.s,~ shah
carry 20 lie account ct '.1>sIrs, cxrsrd.tufes.~ .
J1sse Na-e WI resign. He 50 stated % q .
a Trend go letter read ID the House by NJ ia
co5s .ae other cay. And vc can scsrcrl, be. I
"e'e TIE smlr that be intends u @ 20 Washing
ton IS iruo-ior be nus, know, before he starts
that he does not intend IN the language Of The
tesojUuonsl 20 support the administration IL
GOOD TAITH.'-NGshri!Is Uaioa.
THE WBlG Painfully tie Wigs cannot
succeed is clear They are tie palty OF the past.
When yesterday becomes to-oav. or TO-DAY
TO morrow, the wings WI GENE ,ato power
throughout the United States, but not uI then
The friends Of progress, Of reform, men whose
laees are on the front side Of their heads, and
whose hearts are in the future, and whose souls
leap up 10 NEE, the good that is to be, we ATE
sure cannot, for one moment, dream Of uniting
their fortunes with those Of tue wings Moth
me remains tor them, then, but 10 unite with the
democratic party, so called, and through that Ia.
Dor TO carry the race forward TO It's destiny"
THE DENooRA1Ic PARrr-The friend. Of
the administration form the party OF liberty, Of
patriotism, Of progress
1.-The democratic party is the American party
That party is the American party, which gathers
round the idea, which i j. the mission Of Ameri-
can institutions to realize. The idea, which hes
al the bottom Of our Institutions, Is the suprema-
cy Of Man. Here = to be established and de-
yeloped not The sovereignty Of The city or state,
not the sovereignty Of tie king, not the sovereign
ty ibc noble few, the high-born. not that Of the
rich, nor yet that Of the estates, or corporations
but the sovereignty Of Man. Here man is not
made for the State, but the state is instituted fol
man. The ORDER Of civilization, which il is olrs
To deveope, is an order of civilization, in which
things are subordinate, and subservIen to human
ty. Humanity, IN all It's ntegnty, is in every ~
dlvidual man. Then every individual man is /,
be raised TO empire, SO that all shall be, IN the
language of Scripture, kings and priests. This
is the American idra This idea ia the poltca
world is translated by universal suffrage, that is
| the equal right Of every man to has voice IN tht
choice of political agents, and through them, II
the laws, which shall be enacted, or government
tai measures, which shall he adopted, Now, i
not the democratic party the acknowledged uni
verssl suffrage party From the first, it has.re
garded suffrage as right belonging to every man
10y virtue OF his human nature, and 1t has conten
ded, that the people, taken individually
have not only the right, but, taken collectively
Will exercise Il JudCiously, ultimately IN acco
dance with the public good, and universal rea
son-The Wing party waves the question {
'aht, contends that the people are not sufficient
enlightened to be entrusted with universal Sc
lrage, and that we ought to educate them belor
wo allow them the pririIege Of rolling,
CURRENcY AND TRADE,--Tne mark va
once made by prominent member Ct the VIII
party in this town, that "husIness men do nt
want any specie If they can only have plenty {
paper money" Not much can be SAID Of til
wisdom of such a man, or rather class Of me
for he is not solitary ia his opinlon; and the
| may well be compared to passengers abound
ship, who should say 10 its commander, GIVE Il
plenty OF sails captain, and wen be content to .
? without any ballast" They might perhaps max
r great progress in fair wind but wo bede heI
. IN squat. SO with paper currency; whe
0 the country IS free from debt, and the balance
OF trade are all in ia favor, every thing prospe
c well under the reI9hn Of paper. But being wit
i out any intrinsic value, the inevitable lendenC
ct papar currency is TO initiation; that ntlallC
, stimulates TO over trading, the balances all tu
n against the country. Then comes the squall, tt
ii balances must be cancelled. Whit shall II
e done With The exports do not amount 10
d much as the imports, and money enough must !
e to square tho account.
/ Now in settling these balances what Is the co
;, sequence of doing 1t with currency solely
paper money! The merchant who owes f
% thousand dollars to England finds bis paper m
J. ney of no value Of itself in cancelIing his del
IS he therefore converts i into specie by presenli
lie his paper to the banks lor redemptIon and tran
e mis ten thousand dollars in gold ard silver to
ID creditor abroad; so does not send out OF count
r. ten thousand dollars of lis currency; but t
re thousand dollars Of specie basis on winch
r currency rests. If the whole currency were 81
n Gle il would be reduced only ten thousand d
Ill lars by such an operations but az the merchi
ut has exported not certain amount Of the cure
to cy but Of the basis Of the currency and as So
ld a contraction Of the basis must be followed By
rk contraction of the currency at least five tunes
ny great it follows, of course that instead OF c.
h. tracing the currency ten he has contracted 1t
IL ~ thousand dollars, bv the process OF paying
e. balance against him for a currency Of paper IA
IT, er than from one entirely Of specie 80 the c.
al sequences is that it has taken in effect 50l
Nv dollars from the circulation when the currency
as principally paper TO pay the balance of ten tho
and whereas, it could take but ten thousand o
nj when the circulating medium is wholly meta
If because in the one case il takes only cert
be portion of the general mass, While ~ the otht
iat takes an equal amount from the basis on VT
the amount stands which is not more than one
as large as the mass itself. Consequently to
a foreign debt Of ten thousand dollars, the amo
Of currency is reduced fifty thousand dollar
by the circulating medium be paper, whsn II It