Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-08-13
A NATIONAL BANK.


We place before our readers an article from
the New-York Express, which we think viii
be convincing tothe people Of the whole south
Of the importance Of National Bank. and Of
the inevitable tendency Of the sub-treasury
scheme Of Mr.. Van Buren,. Its fact, and il
cannot be disputed, that the south is suffering
UNDER measures Of the present administra-
ton, while the north is reaping all the benefit.
When the boast is made by one ofthe most IN
fuential papers in the city Of New-York that
"NesO- York currency is he currency Of the
URisu," and that no cali viii be made from
that quarter for the establishment Of Nation
al Bank, il is high time for the people of the
south to look around them and ascertain their
latitude and longitude For years they have
been continually fretting themselves with alb
struse and abstract questions of international
policy, and constitutional law,--discussing the
the constitutonality Of this and that-paying
"tithes Of mint, annis and cummin" and neg
lecting, altogether, The consideration Of mat
tiers which belong 10 their own welfare. II is
time for the people Of the south to abandon alb
stractions Ito go to work and redeem them
selves from the thraldom which they are now
inland in our humble opinion the only way
to commence, with any prospect of success, is
to unite in the establishment Of NATIONAL
BANK "a Bank Of the Government and people
united. With such an institution, the north
and the south viii prosper alike; without one,
the monetary affairs Of the country will contin-
ne to remain in confusion writer in the
Charleston Courier in commenting upon the
article from the Express, proposes the estab-
hshment Of "GREAT SOUTHERN BANK
Have we not already ~Greai Southern Banksl''
Look around, and it will be found that here in
Mississippi we have Bank with capital Of
Fifteen million fire hundred thousand dollarsl
In South Carolina we find an immense bank
ing machine, in connection with the Charleston
and Cincinnati Rail Road, deriving theirright
to bank from different states. In Missouri, the
land Of the great ''hNmbug," Benton, we find
another "msnstsr," and in Tennessee is ano-
therI What good to the people flow from
these mighty enginesl DO they regulate ex-
changel DO they even furnish par curren-
Cyl Are they not an incubus upon the CON-
mercial and agricultural operations Of the pee
pie! The fact of the business Is, that TIE
south is banked TO death, and there is no hope
Of relief except by the estsblis ment Of Ma
tiOnal Bank; Bank that win give good cur
rencyio the south as well as to the north, am
which will so regulate exchange that dolla
in Mississippi win be a dollar in Charleston
Baltimore, New-YOrk and Iioston.
sit is wei, however, Tor the Southern
and Western Van Buren men to under
standth position ofthe Wings ofthe MORT
uron this subject Of National Bank. ~
moUement upon his matter eiH come frOa
this quarter. lf we are not content wit
things as they are, we have ten thousan
more r,asons for content than the Sout
and West. Our New York currency
nowtte currency of tie J'n'on. A Sout
Carolina Bank Bill will not buy a man
dinner out Of Wall street,--but Ne
York Bank Bill commands any thing, an
where. Upon the ruins of "the Monster.
has grown up the currency of our Bank.
At he door Of che European WorIt
through which must rush almost all i
uaoney operations, noe take The ioLjo ain
Union. and tic SOuh and West must fot
our Bills. If the people there are confer
with having dollar worth from only SOL
90 cents in New York we can better a
ford to be content than they. lfthey ar
satisfied with a table Of Domestic Exchane
es, such as we presented the other day, "
ought not to complain.
The currency Of the middle States
now compact and sound. The Banks d
New England keep their funds in Ne,
York and Boston, and these cities act a
regulators upon country Bank issues I
keep them in trim. The New Engan
and New York hanks now really have Ii
ale National IIanks,--an Emperium in in
PeriO, which keeps their currency periecit
sound, and the domestic Exchanges il
. good orJer,--and the specie which is til
basis Of their vast business circulation,
not on the Damariscotta Or Androscoggin
lon the White Mountains Or by LAX
ChampIain, bit in the vaults Of Banks il
New York or Boston. where j answers a.
the purposes Of general circulation. Thu
we do very well, SO far as our circulation
- ~~t'~Cf"Sos Will tic lNCW ItuHiUlJ IVA
aon4l Bank ia Boston, and one or-tw,
New York NatioaaL Banks il New York
We are not then anxious 70 make a move
meni for oar own home circulation, --f0
we are not insthe deplorabIe condition. o
some ofthe South Western States of III.
Union. We can endure. this state ofthings
if they can.
Whenerer, kotCerer, zoe look 10 oar aCliol
country, Or 10 ilscDnqerion Nth Europe. 10
see ~ full hepslessness Of the s1isfia.
Skule Of tEs cHrrepcy. Phe remedy Of the
-povefnment i khe Sub. Treasury.
ton of tho Take At The Custom House il
specic.--cutting loose from all 8anks,-.
trust,ng. the specie thus extortcd 10 Sub
IRE tstlrers--with. eys! Even the Rich
mold Enquirer adniIs the 10 elessuess 9
such a remedy. Every bod tlla know
any thing Of business, who does non know
enough 10 Be a Political llypoerliica
Rogue, also knows such remedy for lh'
disorders Of the currency, 70 be but