Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-12-28


NV FEbEEAL PEoJEcT.--li IS grayely pro
pressed in a uu.D5rr Of The leading opposition pa
pers, that the debts incurred BY tbe States Tor 10
! iefnai Improvements suail be assumed by the &C.
neral Government ~ thai a national dsJt Of
/ Three HIND ed Millions o dollars shall be con
ifncied at single dash by issuing goyernmeUl
stock for that amount 10 bear interest al the rate
Of four per ceni.--jLe public domain 10 be pledg.
ed for The redemption Of the stock, and the pro-
cesds Of The sales Of public lands are In b. set
apart Tor sinking fund The stock Of scrip, vhen
issued, 10 be divided among the States, pro rata.
on the plan proposed IN Mr.. Clay's land bill.
Ihis IS Il fresh scheme for buying up the peo-
| pie with their own money, Tor the creation of
monstfous national debt, to render the establish.
ment Of a national bank necessary, and for rev,-
wing The policy Of tho Fedeal party. of ,,k,r,
money rom The national treasury 10 construct i'm.
prOsements Tor the States.
1t Il were possible iof the proposition TO be n.
d-pted' me consequence would be periodical an
| peals TO the General Government TO i.sus stocLs
to be divided among the Slates-a National deb,
OF thousands Of millions would follow--e1ccs.
siVe duties on imports aud direct taxation voutd
soon be rendered Indispensable, aud tho Amer,
can people would IN the sequel, be taxed as On.
pressIvely as the people Of England are a, the
present time.
THIS 'ehome to extend the credit system, was
suggested III The London Bankers Circular, re-.
ce',fd lew weeks since by one Of tho steam
PaeHe's aHd me fcdrraIl+is Of the East have
oe'n prompt N lheir Efforts 10 carry out tho views
., "icl' Hlehds on The phcr side Of the Atlantic.
The adoption OF the scheme would be immediate.
y advantageous 10 the holders Of Slate bond. IN
England. proposition on The par, Of the Uni.
TED states Government TO assume the rnvme,,t
Of the bonds OF The States, wonld increase tbc,,
value IN The hands Of forelgn holders, who womb
either hold on and secure Tao interest lhe STATE
had contracted to paw or make an EXCHANGE G,
unddd States SCRIP. Bat the Government of tho
country will not establish SO dangerous q nrcco.
dent as that Of assuming the State debt. will
not take upon Itself a national debt of $40. 0ro
0 O. to please the Federal party or the dlc,ators
OF then policy IL England,
Inc Now Hampshire Patriot, in an article On
The SUBJECT OF the prolgate proposition 10 saddle
The general government with the debts of the
States, has the following passago
"For ourselves we believe lba, sncb r,o,s.
u'e' u Pefsls'd IN and carried through, would
inevitably dissolve the Union of the States lis
mol TO be expected that those States, which have
managed 'helr affairs prudcnlly and which have
incurred no debt would consent ia be- toxed IN 10.
lIevc those from embarrassment. which bnve oone
heahlong INTO rroiuse expenditure. Would the
citizens OF New Hampshire, for instance. Who
have steadily opposed internal improvements by
the general goYernment-uh oppose Mr.. CLAWS
scheme for dividing the proceeds of Ihe nubl,c
lands-"ho oppose high tariff and national
oank' consent lbat national debt of three hundred
H"fio"S sla'' pe created TO liqudaio which will
''qu"o az 'he proceeds OF the public lands, all
'lu' Gun DO raised ny high tariff upon every ar
''c'e consumed and which, in the opinion Of ma.
NY WIN tehder lhe creation Of another nalonnI
BANK necessary NO, never The states which
nave become involved in debt, must ex,rica,o
themselves tho best way they can, without look.
ing to the general government TO, mid. and csoe.
c'a''y Tor ad rom a measure, which would shake
the national government to liz centre. and end IN
h-~"r''0n VI me onion.
INTERESTING FAcT.--Tho banks in Ohm have
ni resumed specie p1yments. This shows tho effect
OF Democratic Legislation A law was p1ssed hv
we legislature OF that State, At its last session. in ~
,aHoh 20 'lle banks which has, Inc measure control
'" ~" .r!s'dtiohs, aud although most ortbem sus
lc"oea o' short time, 1t has leen but for short
r r'nV. - n'ghl nave continued longer but for the
vow, u'a' we next legislature viii he strongly Demo.
c'u'ie' ana hey can hape for no INDULGENCE if ,bev
pets's' IN refusing to comply with their promises
Ihe Uulll IS that there Is not now nnv plousib ,,a
son iof any OF The banks continuing their susn,n-
SION ne rate OF exchange is SO decidedly in orr
iaVor, ana IS likely To continue So that sDecie can
not w exported without considerable loss. There
@ therefore, no ground for apprehension that they
VIII he run on Tor specie, unless it be from the i'm
preston 'hal public confidence in them has been SO
lar shaken, that people at home will prefer having
the specie to keeping their notes; and if this be hp
ground, the longer the suspension continues tbe
greater VIII be the effect OF this loss of confidence.
Bali Rep.
! WHAT ARE THE MECHANICS The very
builders OF the citizen world ae mechanics.
o'T,ke out nom the face of the globe every trace
and impression which the artI2aa has made upon
II, aud tho whole earth would resume It's crirlnal
wlldness OF character, and the rrnieya, wildncss
Tor tho beautiful villages. There is a dignity be-
longing to the mechanic arts which is TOO much
overlooked by those who enjoy The fruits of the
lahors OF tins most useful class of the community.
There Is no external mark by which the civilized
state Is distinguished from that of the barbarian,
but bears the ndisputablo impress Of mechanic
agency. Not stone is hewn or a stick shapcn.
in all the eddces which have suppanted The abo.
ri.,,nal byouOcks of our country, but owes all its
finish, fitness and proportioned symmetry to me.
chanlc hands Not an article of cloihug nor
convenience, nor pleasure but have the stamp of
the mechanic upon them And even agricul.
lure itself, the great source from which springs
almost all the necessities of HE, Is began and
carried on to final termination with the imple.
meu,s Of mechanism.
Who then, that is mechanic, has not abun.
dant occasion to rejoice that be belongs to that