The Rodney telegraph. (Rodney, Miss.) 1838-1840, 1839-11-30

QFWs call the attention Of our renders
TO tho following exiract from letter written
by tho Hon. 9. Wsskins Leigh, y 4 gentle
man Of this place. Opinions omanatine
from such source, arc entitled to, and will
receive, cordial acqniesccnce from the
intelligent and impartial Of every political
party. Mr.. Leigh, by his independent and
honorable course, both IN and out Of Con-
gross, has won a namc That the proudest
and most elevated might cnvy--and his
views, when given upon any great national
question, should receive candid and inn
partial investigation, unbiased by prcjn-
dice, and uninauenced by the blind zeal Of
party fanaticism. That the sub-trcasury
bill, If adopted, will result as predicted, in
the downfall Of our republican institutions,
none will deny, who h''vs given it careful
perusal. Il is fraucht with principles the
most dangerous, and features that should
render il obnoxious 10 every. patriot, who
looks to the COED Of his country and the
perpetuity ofour present unostentai.ous form
Of governments - of greuter moment than
the eiesatioa of party, or the success Of any
particular individual.
The time has arrived when il behooyes
us to guard with vigilance the treasure for
which. our ancestors 30 aobly struggled.
Innovations are daily being forced upon us /;
and though for the moment we are pleased
with the change, and embrace with rapture
the giIded delusion, the spell must b bro
ken-the deception will be made apparent,
and all our dreams Of bliss and future re-
nown. be dissipated by the anwelcome re-
atty that we have indeed been under the
control Of the magician's wand, and direct
ed BY its deceptive influence.
RlcnxosD, Oct. &c, 1889
The subject of the sub-treasury scheme Of the
administration, its probable cfe.: on the currcr-
cy, and is general consequences, If it shall be
adopted-and the SUBJECT Of national bank,
the constitutionality Of such m institution, and
the leading principles which ought to be en,bo.
died in the charter, in order to prevent fraud.
on the government and the people, and to con
troll any undue influence it might exercise
these SUBJECTS are SO large, that it would take
days even to give you an outline Of my views
which would be of little value after all. They
are subjects for treatises, for weeks of debat.
in Congress, and cannot be treated Of in let
ter. Besides, i. either Of those systems shall b.
adopted, they win be dictated BY events, ant
will be aouldcd by them, instead Of any genera
reasoning.
I can only say here, that the leading feature
Of Mr.. Van Buren's sub-treasury system, and
that which Distinguishes Il from the system o
the same kind that was suggested Same years
ago, consists, according to my understanding o
the subject, in the principle which It assumes
that the president is constitutionally, and must
be, entitled to and entrusted with the custody O
the public treasure; and his sub-treasury schem,
is intended to recognize, and carry out in prac
tice, that doctrine; doctrine, which If it shall
be admitted and established, will convert. The
government into an elective monarchy. Nc
matter what fscal system shall be adopted, tn.
president cannot rightfnIly claim any custody
over, or any agency in the management of, tbs
public treasure, except such as the Iass shall con
fde to him. The constitutions gives him none-
literally none.
As to a bank of the U. States, believe now
and have believed ever since the State baakin)
system was casrietito such excess, that nation
al bank will be established, sooner or later.
can conceive no other method of providing
uniform currency for the country, without which
do not see how our present political and com
mercial intercourse and connexion can CONT
nue.. And If We nre to hare . bank, shall b,
for commercial bank, and against an execu
tire bank-I mean bank under the control o
the president, and by the organization Of which
be would be, IN effect, banker general Of the U
States, with the annual revenue Of the U. State
as capital to trade on.
EXCITEMENT AT ST. LOUIS.
Our last accounts from ST Louis, reppe
sent the people as greatly excited IN conse
quence Of resolution published by III,
Suite Bank, refusing to receive payment D
her debts in any thing but gold and silver
or her own notes. Up to the time Of publ
cation Of this resolution, the hank had been
in the habit Of receiving md paying out the
| paper Of banis in good repute Of the StateI
of Illinois, Indiana, Kentucky, and Ohio
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