The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1839-09-06

half the assembly, especially the Military
Wings as was perhaps never experienced
before.-"My democratic friends !"-Ev.
cry man who had an inch of expansion in
his composition, felt as tho mGgndninity
had fed the nation. Long will New York
remember the reply of the President of the
United States to the preferred civility and
hospitality Of the city, when her citizens at
tempted to do honour to the President Of
their country.
Gen. Jackson once visited New York un-
der similar circumstances; but in the exhu-
berance of his pride and manly feeling, in
his reply to similar welcome, he addressed,
sMY FELLOW CITIZENS What ever fol-
bles Gen. Jackson possessed, he had soul,
but Kinderhook, in this respectful certain
| ly made one distinguished abortion.
senator walkers absurdities and wiIIful
attempts to deceive.
To expose gross, glazing, palbable absur-
dity, which by great pomp and parade is
attempted to be imposed upon the people,
for no other purpose than to benefit the of
fee holders, though it ruin the county, is the
sole cause of our notice of this official hum
buggery, Walkers written speech.
Mr.. Walker says Of a United States Bank:
81 am still opposed to such bank, because
l am against the whole paper system, against
it as destructive of the morals, dangerous to
the liberties, and ruinous to the true inter-
est of the American people," If this is the
party doctrine, and he says it is, the wings
are greatly indebted to Mr.. Walker for thus
plainly expressing it. They never have
done it before. Benton, the father of hum
buggery, a short time since, in "Ieaer" to
the people of Missouri, declares himself in
favor of state banks, but wishes to restrict
their issues to notes of one hundred dollars
and upwards. Mr.. Walker throws off the
mask. But 1t is premature! We have no i'm
tention to argue against this financial policy
at this time, but will merely submit to all men
of good sense and judgment, whether a TO-
tai ANNIHILATIoN Of ALL paper currency IN
the country, will not ruin our commerce and
agriculture, and of consequence, all the La
Dor of our country. But does Mr.. Walker
tell the truth? Is he ''against THE WHOLE pa
per system?" He is not. He is strenuously
in .faVor of the issue of paper circulation
BY THE GOVERNMENT! He is in favor of the
present Post Note or Treasury Note circula-
ton of the Treasury, as he and all his party
will claim. But he expressly declares HIM
self in favor of "paper SYSTEM" in this
same letter. ''Let THE TREASURER give his
draft or note, for payment, in any particular
place, which ought TO have as much credit
as any private draft or bank note" Is this
''against the whole paper system?" Does
not every man see that this course will sub
stitute a government paper circulation, for
such a one as we have had. But is Mr..
Walker in favor of the Sub-Treasury! This
authorises the collection of the Government
funds in specie, at different points, and the
| Treasurer or Sub-Treasurers to issue drafts
in payment of all dues, which must neces-
sarily, in the absence of bank paper, fill up
the channels of circulation with ''Paper.'
They would not be returned for specie, be-
cause they would be wanted to carry on bu-
siness with.
{ But Mr.. Walker is sincere, we have no
doubt, in attempting to put down the State
Banks, particularly those in Mississippi, fol-
he has been one of the largest and most ex-
tensive bank and bank stock spectators in
the state. He has borrowed hundreds Of
thousands to speculate in public lands. He
owns those lands, such as he has not sold
and owes the banks immense sums which
he refuses to pay. And if he can further
depreciate their paper he can in the same
/ proportion benefit himself, in making those
payments if he ever intends to do so. Mr..
Walker does not look well in this bank war.
j He has specialized more extensively in their
! stocks. and borrowed of them more money.
and now owes them more, than almost any
other man in the state. And now, after
having made an immense fortune by these
loans and land speculations, and after hav-
f ing for years deprived them of large sums
which he had promised to pay them, he
!, lseeks now to relieve himself from his en-.
gagements by destroying them. This il
practical locofocoism.
! Mr.. Walkers letter consists almost entire.
ly of his own vain inflated theorising, de-
clarations and ordinations. But he hal
some statistics, and these we propose to co
Ply, in order to show that he wilfully at
tempts to deceive the people. To prov,
this positively, beyond the power Of sophis
try or argument to gainsay, we submit tn
following:
s'In truth the condition of the Banks
though apparently better under the domin
: ion of the Bank Of the United States, is 4
, fact Morse Than in the absence of such al
\ Iinsfifntinn .nhlls &c VIC lnnk af the rnA,,rn,