Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1839-04-11
FROM THE SOUTHERN SUN.
NUN DIAI ING

pressure is increasing in severity Twelve
months ago, many obseryant men INDUCED the
belief that the storm Of pecuniary distress was
well nigh over and that soon we should be
blessed with the calm ard sunshine ofprosper-
lily. These anticipatons, however, have pro-
we'd entirely baseess; and even now there is
more distress abroad than ever has been at q
former period. Much valuable property mast
necessarily be sacrificed, during the spring, in
this, and many neighboring counties-aye,
much has already been sacrificed heavy
foreign debt hangs over our people--the Off
GERS Of the law arc abroad-an there is no
money with which to discharge those demands
III Is to be hoped, however, that the Union
| Bank will soon commence dlScounting, and eX-
tend to our suffering community as muclf relief
as she possibly can, consistently with her own
! Interests.
1.-THE pressure whichis sorely felt amongst
all elasses oil the community were the results OF
I lmprudeDce, or ideness, on the part Of the pco-
pie, or the Christening yisitations of Divine
| Providence, no murmurs OF complaint should
be heard--but when we advert to the history
of the times, and perceive that the experiments
| of the 'gfeat democratic party" have been the
direct and the only cause Of that ruin which
surrounds us, then, indeed, we have a right to
complain. We have a right to censure our
wicked rulers, and to proclaim to the world
the damnlng story Of their foul deeds Of igno-
rance and wickedness. 1t is no Hight and
trivial matter for prosperous and happy peo-
Iple, to be suddenly arrested in their honorable
advances towards elegance and wealth. and
dragged down to abject poverty. tits no triv-
ial thing for sordid experiments to spread upon
our smiling land the sable pail Of dstress--to
4 stay the snowy sails of WORCESTERSHIRE
our green fields of agricultural beautv-annhi-
\ late credit and confdence--destroy domestic
| happiness, and domestic prosperity-and stop
the thousand wheels and hammers of honest
Industry thin the last few years, how ma.
my atlluent and honest men have been made to
4 feel the iron hand of want !--how many cheerful
mansions, where peace and plenty giIded each
moment Of time, have been rendered desolate
and sllent!-how many buoyant hopes have
been destroyed! --how many smiling faces have
been impressed with the sad image of utter mis-
Icry and want And all this has been occasion.
ed, not by incidence and luxury on the part OF
e our people-not by any deviation in the laws
of the natural unverse-but by a series Of
shallow eUpefianants uPan the currency of the
a., country. The hammer of honorable toll still
:, resounds in our ear, but the tired artisan reapS
no prosperity by the sweat Of his brow. The
+, genial sunshine, the gentle dews, the refresh
&, ing showers of heaven still descend upon the
prolific bosom of our land, and the snowy sta
4 pie of our State expands in beautiful proiuslon
yet the enterprising planter crawls onward
beneath ponderous load ofpecuniary difficult
ties, heaped upon his shoulders by corrupt
and corrupting party, who would taxthe whole
world to advance their own glory and-thelr
own private gain. 1t is vain for men to labor
lit is VAN for nature to shower down her
Iprofusc aid--so long as the bllghtng incubus
of loco ocosm sits upon the vitas OF our pros
perity. Indeed, this is melancholy picture
upon which to gaze! 1t makes our heart bleed
to witness the resoute struggles Of the honest
mechanic to breast the waves Of ruin which
surround him, and vainly eudeayor to buoy his
fortunes above the swelling tide--it pains us
to witness the ruin of our enterprlsng mer
chants and honorable planters; and there is nc
immediate relief A change OF rulers-wh'ch
requires much time and labor--is the only rem
edy for our sutferings.
Some friends Of the administration aiec, tC
| discredit the assertion that any acts the Gen
leral Government produces the pressure, we
say affect; for it seems to us 50 clear to trace
the stream Of ruin which flows throughout oul
country, back to the fountain and source, tina
we are at a loss 10 conceive how any Intelligent
man can for an instant, doubt but the erPert
meh originated the ruin: First oil all, re
: lentcss warfare was commenced by the Gov
ernment against the United States Bank-at
institution which had, for years, answered eve
! ry purpose of sound, creditabc circulating
: medium. The deposites were removed, ant
: finally the bank itseIffeI beneath the repeate
: blows of our enraged ''chieltainm This icl
us without a circulating medium The ban
: was forced to draw in all its notes-dlscontnu
!, all accommodations land wind up its extende
! business We we're thus deprived ofthe mean
Of procuring money; and that which the peopI
already had was taken from them. Somethn
of course, had to be SUBSTITUTED, TO supply tn
, vacuum occasioned by the destruction OF tina
), great regulator ofthe currency, and forthwith
hundreds Of State banks, predicated upon Ioun
). daions Of sand, arose upon the ruins, and Hood
ed the whole country with millions OF notes
Money, as Ii raS called, was plon!y--all irci
= had it in abundance--the mania Of speculation
!. spread with rapidity- "lortuncs' were made II
q day--al went on nobly for season. but 500
. came tho specie circular, the tendency OF whIcl
: was to bring the State banks TO sudden Pous
to draw every specie dollar from then vault
to depreciato their paper, and impair thot
l. credit Thus were the people left with pockets
: full Of Deprecated trash, with heavy load o
Q debt resting upon them, and with no means o
u rtIor honly Recommendations lh