The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1839-09-20


equirOcal, ID she Wy of Difference -bu
The satanic appellaiion we esteem most IN
equivocally appropriate. And, as il is said
1.-THE Devil IS not so wicked asto lee BIZ
trends perish for the want'of iie''-we
regard the arsiclein question as being mere
proflssion- mot as expressing sincere con
I viction. Surely its author must have had
I too much good sense and acuteness of dis.
elimination, for it to have been otherwise
than mere profession.
Outrageous party falsehoOds, illustrated
i by q dozen facts.
Public credulity, public faith and public
morality and decency was never more PAL
pably and corruptly outraged BY any party
declarations and conduct, than it is now
done in Mississippi. by the Sub Treasury
Federalists, III their attempt to palm upon
the Wing party the evils which entail upon
the people, by the present disordered condi-
ton of the domestic currency and banking
operations of our state. That party treasure
to themselves great credit in what they con-
slider to be their adroitness in an early aban-
donment of their faith and practice, so soon
as its evils and disadvantages becoms noto-
rious and insufFerable, and in Palming them
upon their opponents. But their wheel
about and turnabout in this particular has
been too open and notorious to be cloaked or
disguised. Il must be exposed and held up
to public scorn and observation, and they
must be HELD RESPONSIBLE to the people, for
their doctrines and their doings.
The Sub-Treasury press and party COM
plain of the Wings, for the multiplicity of
banks in Mississippi-for the privileges and
advantages conferred in their charters-for
their issuance of post notes-for the depre-
citation Of their paper and for the manner in
which they conduct their business general
ly. What are the facts connected with
these subjects, as applicable to each party!
First:-It is fact, that Notwithstanding
the party denounce f'banks and banking"
unreservedly, they advocate, as their first
and prominant party measure, system of
paper currency, to be issued by the Secreta-
ry of the Treasury and controlled by the
President, which, so far as paper money is
concerned, is but a substitution of such is
sues, by an irresponsible party Executive,
for those of corporations under the immedi-
ate and strict control of legislation, which in
our government, is the peoples will.
Second:-It is a fact, that in Mississippi,
every bank, without solitary exception,
was chartered by Van Buren, legislature.
Good bad or Indifferent, whatever they may
be, they are the legitimate progeny of Van
Buren, legislation; and owe not only their
existance but every privilege they possess to
legislatures having decided Van Buren, ma
jorities.
Third:--It is fact, that the i-suancs Of
POsT NoTEs by the banks, the measure so
highly and peculiarly offensive to the Sub.
Treasurers, was, with equal popularity, a
Van Buren, measure. The act authorising
it, was passed by the legislature of the
spring of 1897, when that party had, and
loudly boosted Of decided majorities in both
houses.
Fourth:-It is fact, that the banks did
not commence issuing post notes for about q
year and half after the Van Buren, legisla-
ture authorised and requested them to do So;
and in the interum Gov. McNutt-yes rea-
der, no less andsno other parsonage than
Gov. MoNUTT, in message to the legisla-
ture in January, 1888, complains q the banks
for NOT issuing post notes, and urges the poll
cy of such a course, in the following strains:
stDuTing the next summer and fall, the
banks BY ISSUING POST NOTES paya-
BILE at the maturity Of the crop of 1899,
would be enabled to withdraw their circu-
lation payable on demand, and SUBSTI-
lTU1E NOTES PAYABLE AT A FU-
lTURE DAY bearing interest. These
would pass MORE CURRENTLY than the
present irredeemable currency. am fully
aware that the great objection on the part
of the banks TO such issues, is, that they
i CURTAIL THEIR PROFITS. This ar
gument, however, should not have much
force, their improvident management has
mainly contributed TO the present disorgan-
lied state of our currency, and they should
cheerfllly contribute their aid in giving tC
f the people, at the earliest possible period, a
Il SOUND CURRENCY"
Fifth:-It is fact, that the foregoing Ian
guage of Gov. McNutt, is plain, and canno
be misunderstood, nor can the motives and
principles of the man be misunderstood, whc
now so roundIy and loudly denounces the
banks for pursuing the very precise cours,
which he SO. strongly recommended, and fO
NOT doing which, he thus utters his oficia
complaint.
5 Sixth:--Tt is a fact that this same Gov
] McNutt, when electioneering before TIL
7 people of the Warren senatorial district, 70
) seat in the state senate, in circular to tn,
! people Of the district, held the following
llaTrnace.- s 90