Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-11-16
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MnRAL EEFECrS on BANkING.

munuy. both SOCIAL and political, 10 preserve
h-h and enduun. standard Of morals las ID,
bass upon which rests integrity Of character, an,
IS iae psssro'J Of honorable distinction. Nth
sacisu iegcneraies INTO RIGHTEOUSNESS
-" - 'taiy restraints are smrended TO Il,
ana a.' s''e %. wee ard of uide.s spread deg
u''''u''d career o., Gogtmmsnl ought ais,
relation. Ihc Pa''l ~ .autais as II has N,
to De ua,chul sentinel eg, -, ~, ~ !,
power taa great cNien, of pres l. $50.
their purity, of impaiuns them to Ia
| d.shonou.
We th.Uk hat crisis has aulved, vhrre If be-
comes the duty o, every good citizen and of the
/ Government to look into the prevailing hNity Of
morals that has spruug up under on iwpruydent
and tll.aly,srd system, of legislation, aud which
| has hr1Hshla blight upon the country, chat i, eve.
~ where fi
/ We believe tbal TIE banking system. gs Is has
/ been pnclscd tar many ycal-, has been more
I prolific Vt mischief, and more destructive Of NOR.
AIS dian any agent that IA, ever been brought to
I bear upon sociriv. It has opened door ct spe.
cu'aiiou, and pau0eteda universal spirt Of ca.
/ pld,ty, into which individuals, corporations, com
mHlnes aul States have rushed, with an eager.
ness tbH has broken down an ac safeguards That
regulate aouud business transactions, aud has en-.
/ gendoed a desire Of desperate adventure, which
~ nothing lu.s 'h1u gambling Upon the afErst
scale u reckless hazards. To catry out IT'S
/ schemes deception aud iIaud have been tesor'od
/ 20, 90 ouwp the ignorant and enlist lhe couiIting.
/ 50 general has ht.o lbc operation aud so ploiuso
! tle app,yntaS tht they have poisoned almost
every fountain .h,' feeds ihc streams 81 moml-
I So seductive have h,en lbe alluieWcut., that tie
cunning of The tnaye has gained applause tor the
success. Of IL, guilty earnings. and The cupidty of
thousand, has oInNcd tie deyeHu example to
The tom. daamcuunof character aud fortune.
Ihs mnac.ou- sput ot speculation has AVA
/ koaed ana las.Tpd passions va active and Erasp.
/ NIX, that lbaY oygr,hldow the less active virtues
that give beauty 10 character, aud silence every
/ Whisper 81 conscience that demonstrates against
gDlt.
The process BY which tUs has been reached.
! ~ PLAN and papahlo--tcmptauun frs, ass0lied
and Then glued IDS victims; they entered INTO The
| great mart Of speculation, where they lell bW one
impulse, h,ard but one language, aud were eul
T drd BY enc yitalcd code Of morals, Stimulated
| by an e8gor spirit Of gam enc speculation en-
coHaged another, until tha ahue round OF so-
ciey seemed 10 be leoycncd by be mWHiy and
a- the system was based upon deception, aud dc
sl,ned inevitably 'aL as It h1s, the final catas.
uophc has been marked by The sad memorials
that dartsn and d'shonol sucry The commu.
nltyol reckless spectators finding themselves
On the verge Of run, with he phanz, Of despair,
cut loose the cham that bound ihcm as honest
men to tho Throne Of honor and accountability,
| took refuge in kn1egy, and brought upon them.
selves the illou's guilt aaa lie cIon's miamy. Ia
ovory direction Geo ood h.., 81 ,a ,,,.le" 81,
Iy monuments q ruined fortunes and blasted rc-
pulatjon4, that can be traced to the scdactnus Of
the perverted system Of banking and speculation,
and formidable as thal list rs vo fear % Is yet 70
be greatly euaigcd Many coycr Transactions
are yet 20 be brought to light; and whenever The
/ administration Of 'ue late tlarA " the United
| States and Us successor the lnlled states Bank
Of peuns sania shall be laid bare 70 the inspec.
| ton oflhc country webeIicyott will shock the mo.
raj sense Of society and show what nursery Of
vice has been los'ered BY The cuncnl sopport Of
community
! The evils which this system has produced, Do
not end vpIh lie recital Of t4 criminal achieve.
mcnls; rs influence upon lie physical and moral
action Of society, has been 10 introduce a i0cum0-
lire speed tor tic accomplishment Of every thing
| that has hccuas salf IN he work Of destruction
as the ingenuity OF man could inveui. u has mas
tened us 800 with @ speed 700 rapid for the safe
operation Of "ooghit ana lar ~ nd'a"Go o! ''i
age, wants and resources. Every desire AID
every employment o. me- nave o'en PfoJse''o
upon iha 'A'''fs, f'u'e-' ana WIN 'h' Creates
Plac'ea0'e siofe no one recognized th' i"ice
Of dcIays or aiiiicoiirsi Il "as Uat % SaLt :
scfh' 70 cary " ou' 70 .'' contamination bu'
'Nl' oeh'Na' 'as N'a asap'' a'H 'os'
fe'r' ana "hrh % reached us explosion. US victims
cou'a see l"f 'he lfs' ''''' 30" lhey Haa OaeH
,eo"ged ~ ''e temptations o. aa enemy 1Ho
no" 'H 'Ney Nad ''t')'o rom reason ana "'PP''
hes.'
ee' 9Ack again 70 90 '"sh'"h'a ho'es)'