Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1839-10-24


Inv il required. whilst its notes were, on accoun
Iof their easy carriage end remittance, togeih
or with their universal credit, considered pre-
: Irerable TO gold and silver. There is some
thing very interesting In the idea, rs well a:
lin the fact, of the government and people be
linr both accommodated by the same monlec
institution; aud wise statesmen would deem !
sound policy to preserve such connexion o.
Interests by wholesome regulations, instead o
royoring measures leading to the hateful dis
tinction of Zone curretcy for the government
and another for the people, TO say that The
National Government cannot hold under sau
,ary restraint, National Bank, the entire crea
Iture of its po,rer, is to say that we elect Presl
dents and members ofCongress who are inca
pable of serving US in our most essential con
Germs.
"Go on said Mr. Walker to Senator Black,
YOUR constituents arc with you" With him
in what9 In opposing the cruel measures Of
the President. MIR. Black did 90 on, and his
constituents were with him for while. Mr.
Walker had felt the public pulse, aud ioand
that il indicated healthy feeling. 1t was the
true American feeling, feeling against arb
Itrary cooApct, which then prevailed. But II
soon subsidized in the democratic party. Mr..
Black still went on, as duty required, IN resls-
ting the fatal measures of the Executive; but
he lost his popularity at home; that is 10 say,
he lost it with the dominant party here, al
though Mr.. Walker had told him that Missis.
spp would sustain him with great unanlmlty.
Mr.. Walker felt the public pulse again, and
found that it had changed into morbid debll-
ty. Right or wrong he must keep with the
majority. The public voice was changed, and
he .'changed his position on the currency ques-
ton" That voice erased TO ''demand resto-
ration Of the deposites, or the creating Bank
TO supply general currency" Both were de-
MED by the President; and the party meekly
Submitted to his will Mr. Walker submitted
too, and renewed his adhesion TO him who twas
born to command"
"Go on-(said Mr., Walker) the country
must be relieved from the frghtGul scenes Of
distress which have visited US. In haste as
| the boat is leaving" An otf-hand letter this,
written on the spur Of the occasion, when the
boat was about leaving, without allowing timc
TO qualify the honest impulse of the moment,
with guarded expressions to cover retreat
from this manly stand, if policy should there
after suggest "change Of position" Mr..
Walker felt then, as he ought to feel now. that
"the country must be relieved" But the coun-
try vas not releved--is not relieved by "crc.
Iatng a Bank Tor adopting any other measure)
to supply a general currency" No; and Mr.
Walker now opposes any such institution, but
is zealousy in favor of one which ''can issue
no currency Wonderful change!-a change
OF views, without change Of circumstances
The condition OF the country is about the same
as it was when he wrote to Senator Black Ii
was the beginning of troubles then, and it is
the continuance of troubles now But Mr.
Walker prescrbes opposite remedies for the
same unaltered case. With him, Bank 10
supply general Currency, is sovereign rem.
Iedy at one time, and every sort of bank fatal
at another time
The Sub-Treasury scheme is now panacea
for all disorders of currency and fnancc--a
radical remedy for the extirpa,ion of all banks
and other morbid excrescences; and it is anu
sing 10 observe the contest for the credit of the
discovery. Mr. Walker claims TO be at least
an carly believer in its efficacy, and an origi
nal advocate of its virtues-"advocate Che
says) by Mr.. Jefferson, General Jackson and
myself" A distinguished trumvirate! but il
would be more congruous aud less disparaging
II MIR. Jetfarson's name were Withdrawn, and
MI. Nan Buren's put in its stead MIR. Jefer.
son was very different man from all OF them
mot stern like one, nor time serving like the
other. And were he now alive, whatever he
might think of the present SubTrcasury pro-
Jec,, he would have too much sef-respect to
claim paternity in relation TO system which
he knew was stale one thousand years be.
fore he was born. The principle Of il was nat
ural to low degree OF civilization, which was
destitute OF the science, tact and economy of
modern finance; and the adoption of it now, by
our government, would be a retrograde motion,
a long stride back towards the ba rbarous state.
1t is worthy of remark, that Mr.. Rives of Vir-
ginia, and General Tumadge of New York,
Two distinguished Senators Of the United States,
and very influential members of the democrat.
ic party, became decided opposers Of this sys-
TEN, after personal view of its operation on
the continent OF Europe, where one was a min.
lister and the other a soourner and that out OF
their opposition has arisen the Conservative
party, Of which they are the principal leaders.
They saw that il was dull, clumsy, operose,
and very expensive system, unworthy Of the
century, and altogether unsuitable
to our very extensive and improving country
1t is system which is destitute of u single el'
evating thought. 1t promises no improvement,
intellectual, physical, moral or commercial
But on the contrary, it threatens to prevent US
from enjoying again that convenient currency
which so much facilitated the improvement oil
our country, and is prosperous days Mr.
Walker would amuse us with his golden