Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-08-17

gumcn,s, eloquenily enforced. Mr.. Thompson
goes south from this place, and will address the
people n most Of the eastern counties.
- No Of "a citizen of Mississippi was
received too late for insertion in io-days paper
1t shall appear next week.
FOR THE DEMOCRAT.
Extrpct Of a letter from Mr. Welstcr's speech of
80 on the subtreasury bill" Our population is a.
bout equal TO that Of England and Wales. The
amount Of our mercantile tonnage, perhaps one fifth
less. But then we are 10 consider that our country
is vastly wider; and our facilities for internal cx-
change by bills Of exchange greatly less.--Indecd
there are branches Ol our intercourse, in which re.
mittances cannot be well made except IN currency
Take one example, the agricultural products OF Ken.
lucky are sold to the south, her purchases of com
modles made at the norlh-there can he therefore.
very little Of direct exchange between her and the
places Of purchase and Salc-Ihe trade goes round
IN a circle, therefore, while The bank of The United
States existed, payments were made to a vast A.
mount in the north and east by citizens OF Kentucky
| and Of the States similarly situated, not in bills of
exchange but notes Of the bank And this is the
| state Of things sought 10 be perpetuaed as condu-
Give 10 the interests nl the twenty six States as n
unit, and il is gravey asserted 10 be the best for
| the paramount prosperity Of every individual por.
ton Of the union. Men have gone So far as 10 say
that the natural channel Of commerce from Z" Ken
| lucky aud other states similarly situated" is away
eastward over such national distractions as the Ale
! ghany Mountains, and far from the land where
| the produce IS disposed Of and men at the south
are found SO weak TO yield assent 10 such absur-
| dlty.W ould the middle western, and southern or
south western states unite to open efectuaIly such
| channels as nature presents, We should soon see
where her greatest facilities and her strongest bar
riers are presented. But STILL capital, and wiling
enterprise and commercial habits along with the
certainty Of obtaining present supplies at more
moderate rate AT the north, beng the respective CON
| ditons OF the two portions Of this mercantile unit
/ operate TO dampen the arduur Of southern purpose
and check those efforts which are necessary to nc
comptsh what all must admit is according 10 the
true policy Of the southland whilst struggling un-
der this incubus men will family say, nothing can
| be done and then cuncude that national rorv IS
better than far and hunaurabIe partition of ma
tionaI wealth. Then will they begin to think as MIR
Webster does that bank for the nation IA the best
OF all things 10 raise this heauieous fabric before the
eyes Of Europe and the world. But let Us not be
dcudcd by sophstry or national pride into short
sighted view Of economy, which we know cannot
tend to proper distribution Of wealth among the
States nor to the ultimate prosperity Of the Union
II is not necessary that trade should continue Ia
move IN this circle, and consequently ii is possible
to have direct exchange between the places ofpur-
chase and sale
The deplordble condition Of he cureacyn
IN Mississippi originated, as every body knows,
in the regulation which the United States Bank
prescribed for the hopeful progeny which tunder.
took to educate in the prosperous business of
cotton monopoly. Its earliest scion, the Brandon
Bank, is seventy three per cent below par, &C
cordtng to Sylvester and the best amonr them
were twelve and halt per cent below par This
comes Of the abandonment of the tue business of
banking, and entering upon that Of specializing in
commodities. The people are embarrassed
the banks are embarrasscd--the cotton manulac
turers in England are embauassod-th labo.
rcrs are dong half work and receiving half paw
The consumption OF manufactured cotton goods
has greatly decreased and new channels of supply
opening up. The Bank of England, in direct.
ing It's mighty means to check the cotton spccula
ton, which mas thrown the whole nade into con.
fusion, adds another obstacle 10 tie natural cur.
rent on which our great staple once easily noated.
All tins hnrrassng arrangement has its origin in
maj very patriotic nterpoSltlon oil the Bank of The
United States to carry the products of the plant.
ms States 70 market. Under prelence Of acili.
taung this operation, in which there had never
been found difficulty, advances of a portion of
The price were made to the planter Il was an
shpped TO Bdde and Humphreys a, Iiyerpool.
With this monopoly in their hands, under the pre-
ience Of keeping up American prices, they beron
the work Of extorlon. The result mas been he
| Upufodnttnu Of Tho aT AZ
supp employed IN securing this monupoly--un.
feISa distress IN Mississippi universal distress
among the English splnners and the whole has
resulted III stnthg the use OF cotton goods The
ne" crop oil cotton is now in full blossom Like
all Toe other crops IN the country, il promises the
most abundant product Bat when II i read,
lor The market, IN what condition Will II be laund
part oil the monopoh2ers' stock will he IN
hand, The banks employed to create the mononol,
broken and IN no condition TO buy or 10 furnish
the trader with funds for the trade--the couS,mn
ton stlnted by supplies oil different materials rar
clothing, and the glut Of the marke, thus made ex.
cessIve, will react, and more than two ioll The
gains made by the moEopolisters Of this and The
laSs year, viii be lost to the planters the nex,.
This IS the history OF villanous monopoly in MI
ages nothing bghts The prosperity Of country
SO much Globe.
SUB Treasury In 1885, this proposition was
introduced INTO Congress by Gen. Gordon Of
Virginia; 50 votes were given in its favor, and
lol against II; in 1887 the vote was 10 IN favor
~ against il; in ls40, the vote will be about
l26 for 1t, and 12l against n-Globe.
Incidence Of Gsnius.--It was said Of the
great DR.. Johnson, who was accustomed 10 read
IN bed that rather Than get Up and blow his lpht
out he would frequently throw bis boot II