Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-08-03

CoGal o. me fOSt OfitCC WHICH PSNS
lor Itself; snd other expenses growing out Of the /
Florida wsr and defence Of the western frontier,
they count up an appropriation Of forty millions.
This Is al ialaeionS, but IN far as there is any
actual increase Of expenditure BY the government,
afer allowing for the necessary addition ARISING out
Of our greatly augmented population II Is all justly
charcrahe 10 the opposition, the advocates Of the
paper system. It's thus that the expenses OF NAM
Ianns the army and navy, and all other national
expenditures are mole than doubled, BY changing
this from hard money into paper money govern
ment. With the diminished expenditures Of hard
money government, we might Sull further reduce
the tauf and the price Of the public lands IN favor
OF actual settlers; with the augmented expenditures
arising from the paper system, We Know not how
soon an unjust demand may be made 10 increase
the tarh and the price Of The public lands Nor
should We forget that the reunion Of The banks,
State or National, with the government, M the kec-
perS OF the public money, renders Tie banking inter
est the great ally of the tariff The public money
being deposited with the banks, the greater the Ia
Mt and revenue and price OF public lands, the great
ct will be the depoSiles IN the banks and the larg-
er their profits The average annual depostes ui
the government IN the Bank ct the United States,
without interest, was above six millions, all which
they used and loaned at pleasure at the usual rate
of bank interest The greater the revenue, then,
the greater would be the profit of The bank and II
the veto of Gen. jackson upon internal improve
mentS IN 1881, and the veto upon the bank IN 1881
had not occurred, the tariff party would have been
PROFESSIONALLY stronger in $50 and that inquituus
system have been pcrpetualed.
Nor is II particular interests only that Sutitr by
the paper system, but by It the balance Of trade
is constantly rendered more unlavoubly TO this
country by the great increase of the prices of i'm.
ports aud Of all that is consumed here whilst
M {,
ing governed BY the foreign market The great
Argument for the banking system that It iucrcas,
cd the prices Of lands and plantations, Is entirely
| lallacous. For whose benefit is this increased
Not for the benefit of the planter or farmer but
Of the Spectator only; for # the planter OF far
mer sell at high prices, they must give high pu-
tes when they purchase again, and the parent,
who desires 10 purchase for his children farms and
plantations to begin the world upon, or any other
person first becoming planter OF farmer, must
pay prices vastly enhanced by the paper system.
The debtor of Mississippi we are told would be
ruined by abandoning the paper system. Dncct-
~ the reverse is the fact for the debts OF the sol
vent debtors mus, be chiefly paid by the nett prof
its Of cotton planting, which We have soon - ~"-'
| iy increased by the absence OF paper money
! Nor do We design to effect any very sudden rev.
| oullon for the specie clause OF the subireasuiy
| bill went into operation only slowly and gradual.
", after the expiration Of seven years, when 1t
was supposed most existing debt would have
been liqudated. Our object ~ 10 cXpel at once
from circulation all bank paper, except that pay
able at all times upon demand IN specie unc
gradually to abolish all banks notes Of less de
"o'n,nni,on than twenty dollars, and 10 fill Up ib,
/ 81 Il IL, ia not h.4a al,
| however to avow II az my own wIhn auu UpIuion
for which only am responsible. land not the par
tyl that when this great reform shall have beer
accomplished, such will be the improvement o
public morals, the augmented prosperity OF the
country, and the increased vlgor Of republican
principles, lba, We might IN time proceed to tn,
expulsion Of oh bank notes Of denomination
less than one hundred dollars, and perhaps be en-
abled ultimately TO dispense with the whole sys
TEN system that was brought into cxlstence les
than two centuries ago, by governmental cAlrnv
agance, that does not now exist 10 one tenth o
the nations of the globe and that never did oxs
IN the great and prosperous lsland OF Cuba, with
m five days sail Of our coast Let us proCee,
then slowly and gradually, but firmly and fear
essy, with this great work, uneulhed by IN
camor Of the banks that VIII resist oil dImlnu
ton Of their power, and all decrease OF their Gil
culatlon and dividends; let us proceed by appeal
f lolhe Judgment Of the people TO act Though lh
peaceful fundamentally Of the ballol.box. lie
no lnconsldefaie haste or lawless violence murl
our career,--and above ALL let us never voIat
the just rights oil property, or the sacred prncI
Plies of the constitution. And especially let OF
war be upon systems, and not upon individuals
Ruinons as are the effects, demoraIIzng and an
ti.republlCan the tendencies OF the banking sys
tenn, many homes, but deluded men have been, AM
a few still are, connected with the system lie
US ask all such men, guided by facts, and onllgh
tened by experience, 10 review their opinions
r and to unite with US IN accomplishing the gren
reform Of the banking system now proposed b
: the republican party. In dIsayown9 all person
, al hostility TO the officers OF banking institutions
: must nc, be considered as desiring to propltIa,
I the favor Of the banking interest No, with N
y views and opinions, that is impossible and vii
; the exception Of one old and valued lriend who's
! long ardent, honest, and efficient support Of tn
+ democratic party never should be forgotten, on
: who trust will ye, cooperate with Us or ,hI
. great question, must expect from the bankin
interest nothing but opposition, strong and arden
This opposition must be prepared to encounte
and combat, with becoming courtesy, and a prop
or regard for the feelings aud character Of Others
; but when shall cease to exercise that mobiles
T privilege Of an American citizen, the night Of e.
IS pressing fully my opinion as heretofore upon 4
$ great public questions, shall consider life u
y lerly worthless,--and neither the concentrate
1 opposition Of the banking and monIed power, NJ
n The tongue Of Islander, nor the pen Of calumn,
! nor threats Of violence, nor dread Ct personal COZ
is sequences shall deter me from jealous and fea
y less support, in and out Of the Senate, Of all u
u principles ayowed in this communication. 1t
e a conflict for liberty, and although victory wou
: be glorious in SO good cause, !, would be gIoI
= Gus even 10 fall in such struggle
e must tender to you, gentlemen, the bomat
oC oyaieC,i haaTt (or The favorable opinions e,