Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1839-01-17

start, and millions pour'd into the Treasury
till the amount alarmed every body-specula.
tors and Government and all--and then the
remedes-more violent than the disease
"Specie Circulars" at one point, and law to d.
vide the public money among the States at the
other-and where was the public money and
what was twas it in gold and silver in the
Treasury? No, not dollar ofi,--it was rev
enue collected in paper, and by order lent out
in paper and invested in boundless speculations
all paper; and all at once ordered by law to
be paid up in gold and silver-then came the
doctrine Of 'gold and silver and nothing but
gold and SlUer and doWn Nth all banks"-and
then came-sMAsH-and it would have been
the same if raccoOn skins had just been made the
only Constitutional currency"
If W want gold and silver 10 pay the expen.
ses Of Government, let there be nothing but
gold and silver received by the Government,
and then both ends will be sure to m.et but
| if you adopt this course, the first thing TO be
done is to knock off at least two thirds, if
three quarters, of all the wages of public Off
ccrs and all other expenses of Government, or
else, calculate on adding about twenty millions
of Treasury notes annually to our public debt
and then after few years you will find Trea-
sury notes as cheap and plenty as they are in
Spain--or tax the people openly and fairly, and
let them know what they are paying.
One thing is certain, the industry ofthe coun-
try can't prosper without good money-and
there is no getting on without credit-if you
destroy credit, you destroy nine-tenths of the
industry of the people, for about nlne-tenths
begin the world without money-and are put
ahead by credit. Good paper money is good
credit, and it is as much the duty of Congress
to adopt a system that shall furnish good pa
per currency that will be equally current eve
ry where in the United States, as it is to fix
standard for gold and silver This you must
do, and you ought to know how 70 do it-and
until you do it, there will be no permanent
plenty Of fluctuations all the
time wearing upon and eating out honest indus
try. Now that is all for the present on that
matter, and the next is, after havinga good
currency land such we have had and ought to
have AGAIN. let US see if we can't collect it cor
rec,ly, and keep it honestly till it is wanted to
pay expenses of Government.
The Messages and Treasury Reports Of late
seem to be puzzles in this matter, but it is only
the beginning Of greater puzzle. The Gor-
ernment says they ought to collect the Govern
ment money and keep it till expended, and that
they surely can find as honest men to keep the
money of the Government as the Banks. There
is no doubt that they can, but what proof is
given that they wiH.
If the Government will select Just such kind
of people as stockholders Of Banks are apt TO
select TO keep their money-or such kind OF
people who are selected by men in their Wills
TO be Executors of their estates and guardians
of their little children-then, say, they would
be doing their duty. But if, on the contrary,
the Government selects men to keep the PEG,
pies money-whose strongest claim is found
in their being "good party men,"-men who
are so afraid that the liberties of the country
will be destroyed if their party don't get upper
most, that they are willing to spend all the
money they can borrow or steal, to sustain
their party--negect their trade and family to
attend ward meetings and nightly assemblages
of leaders, and caution the "People" against
trusting any man with power, who by his hon
est industry is we'll off in the word-calling
all such "vie aris.ocrats," &c. &c. If, | say,
such men are to be selected to collect and keed
the Peoples money, it will be kept, and the
more there are TO watch each other, the more
will be kept.
What is the use of bars and bolts, and sure
ties and bondsmen-some one must bar and
bolt up-somc one must be trusted--and one
really honest, conscientious man, who has earn
ed reputation and good character, is stronger
and safer than a thousand bolts and bars--but
such men arc not ready to do dirty party 'Oork
their characters above it-but is II just and
right that such men should be excluded? And
are not the people entitled to just such--to keep
their money! If, however, different class oil
men are to be selected, then say, have as lew
ofthem as possible. If we are to have SUB,
Treasures, don't multiply the keepers and
:. watchers. If a cat ticks cream, you wont
mend the matter by putting another cat in the
cellar to watch the first. There will be no sa-
. wing of eggs in the barn ifinstead OF one skunk
there you put in just twenty skunkS, all to
i. watch one another. -
UNCLE SAM.
Kountersind and seriifed as true copy.
]. DOWNING, Major,
Downingvlc Militia, Cd Brigade
From The New York Quarterly Reptew.