Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-05-25

That this were done, another guinea would new
e. be seen IN England. Il was done, and during
a long scnes ui years, the prediction vas fully
realized, aud The golden guinea vas bauishcd from
England, so long as ITS rival, The live dollar note,
MAS permitted TO circulate, ond tbc golden cur
rcncy never I'D again rs-aPpcat u the ancient
limitation WAS re-eslabl,shed, when gold became
agan the principal circulating medium m Eng
land and remains SO at this period. The same
cause must produce the same consequences here.
II Is an established law of currency that dear
e. currency will be excluded by one that Is chea
per- and that our golden CONS OF Eagles and half
Eagles, viii he bau,shcd from circulation by the
ten and five dollar notes. But abolish an bank
notes ~ circulation under twenty dollars, aud The
golden Eagle and hall Eagle mast circulate here,
as similar coins do in an other countries I'M
Ger similar limitations. We have nov nearly
twenty millions Of gold CON in the county. now
eWotiy in the vaults Of banks and drawers efhra
Rers, as an article OF sale. and there It will re-
malo' ana never circulate as a currrncy until the
circulation ct aii bank notes under twenty dollars
Is abolished. mention the limitation to twenty
dollars because It IS clearly practicable, aud viii
he sustauodby the democracy of the Union, but
do not hesitate to declare Il as my own con,ic-
non, that our prominent interests. would. we're II
practicable be best promoted by the abolition Of
AL banks, nor DO doubt that this State would
nave been much moro prosperous aud uncmbar.
rasScd 4 there never had been bank Of cucula.
lioh' State or National, IN the Union We should
have received the same prlce for our cotton, paid
vastly less Ior our land and slaves, and al! the cx
penscS Of raising cotton would have been great
~ diminished. Qua nett profits would couse.
quculjy have been more than double, and we
should now be out Of debit and the most pros.
pctous State IN the Union.
Ia the present State Of things, it il most clearly
our interest, 70 mise here al our own stock and
provisions as far as practicable, This would, to
asmo extent, diminish our crop Of Gotten, but II
Is now well ascc-iajncd that the diminished crop.
WIN HE consequent increase Of price, would com
lnand an equal AMOUNT of money whilst all, or
nearly all, our vast responsibilities for stock and
provisions "onIdbe saved TO tho people This
y No" admitted by all, but pracsCd as vet by
''N' '"h we mol encourage tins muctlcc and
make y almost UNIVERSAL by granting to planters
slnAl premium upon every bushel Of com fals-
cd m me State. THIS means Of encouraging, hy
NE combloed power and energy Of the State, the
iasing OF an adeqpto supply Of useful agucu.
'ural products, has been adopted from hmo 10
I,ln'' ahd WIN success, 10y very many Of the
states There WIS last year paid by the State
OF Name iron the State Treasury. Sl53,OtO
~ premiums Tor corn and wheat raised IN the
olN'o during the last year. A similar premium is
allowed N several Of the other New England
states, aud IN many Of tie western, middle and
| southern aloles, bike premium is pnid rom the
alH' feasuy upon all silk raised in lbc State
NuHst a&neultare IS so heavily taxed by banks
ana 'aiIlIs' why should nothing be done here for
me advancement Of ihnt great INTEREST," But in
ms cnsc' the towns as well as the country would
experience the benefits Of such measure, IN the
increased prosperity Of the State, and he dccteas-
cd puco Of provisions.
II "e VIII only be true 10 ourselves, wc can
soon be relieved from existing cmharrasslnenis,
ana become, Us We ought to be- the most pros
porous State N the UHon. Ii We will, to n ofeat
extent, raise ON own provisions, aud culail our
expanded currency, much will have been accom-.
pllshed.
lher" never was go iir prospect De at psCs.
EN- Of good Puces Tor oar cotton iof a series Of
years to come, especially # sc VIII keen down
lhc amount raised, by employing u portion Of our
labor m faslng oil our own provisions. From
1851 10 ne present period, tie crop has boen IN
creased nom l,l5t,tOO 70 100000 bales ~
10" hcme an increase Of 10000 bales N Sc.
ven years. Yet with this almost incredible m.
crease, The pHce Of cotton has been greatly en-.
hanc'd nom The augmented consumption. This
Consumption Is sun increasing, and yet ! think II
o'ihohsttaOIc, That upon every fair pngclplo OF
e"'toia'ion The cotton crop Of the United States
VIII not be augmented zoe, 900 bales in The next
seven years Since the census Of 1880, there
have been introduced INTO the cotton growing
oates q ueofg.a, Alahama, Mississippi LOUIS
IaNa ana Arkansas 100000 slaves. This is DC.
Inohs'raed Oy recent State census in each
ol lbcsc states except loulslaua, where the last
parish assessment Of slayos, i. taken oso critic.
non bis Is number u slaves, illus ln,rodu.
roo mo 'heae states within thus short peljad. e.
i1aI 70 one fourth Of the whole number OF slaves
~ NC Lmon, OF he census Of 1890 Nnhin
THIS same period Of nine years, here has been
acquired within these States, by treaties with the
ChoctdHs, Creeks, Chlcta.aws, Caddocs. and
ChcTohees, 2S,AG0, coo acres Of cotton land be.
lng an extent equal to the entire snper6c,es Of
Mississippi. Most Of lhls land has Leen thrown
open to engrans, either al the minimum govern.
mJbt pnce, Or by lottery, as in Georgia, without
PtIee. lience, together with the operation Of our
esPlhded credit system, vas produced this Won.
defioi increase d slaves w.lhIn This period There
are no ne" cotton lands 10 DO acquired BY treaty,
me expanded credit system has terminated, and n
uIe he&1 seven years. the increase Of slaves in
'heSe olaIes, cannot exceed one hundred and
'h'f'y Three thousand beng one third Only Of the
Augmentation exhibited IN the nine years which
have just elapsed,
II ihen an addition d 100000 slaves in seven
years. produced an augmentation Of the crop a.
mounting to 100000 bales, an addition oil one
mud OF lhe number Of slaves, in the same PERI
cd, should produce an increase of2OO0l0 bales