Lexington union. (Lexington, Miss.) 1838-18??, 1839-08-10
JACOB THOMPSON.

On SATURDAY last we nau Tue pressure
Of hearing this gentleman in a speech OF
about two hours. The force and ability
with which he discussed the leading mea-
sures and principles Of the democratic
party, astonished and delighted his polti-
cal friends, whilst It astounded and dis
mayed his wing opponents, who have been
industriously endeavoring to propagate the
impression, that in point Of talent and po-
litical information, he was but little if any
superior to the wing candidates, Binga-
man and Davis.
Mr.. Thompson, although quite young
man, displayed a knowledge Of the history
and formation Of parties, and the peculiar
views and principles of the leading fede.
ralists and republicans, that would have
done honor to veteran in the doctrines
Of democracy.
1t is impossible for US to follow him
through the whole of this powerful and
eloquent address. The exordium and
PREDATORY remarks, were such as to Sc
cure the attention and prepossess his hear
crs in his favor Mr.. L. took up the
question of national bank, and handled
this federal measure without gloves. He
discussed the question Of its constitution
ality, and its expcdiency, denied that it
was either, and showed conclusvely that
no honest and intelligent state rights man,
no strict constructionist of the constitution,
indeed that no truly southern man who
examines the question impartially, can
consistently, with interest, duty, and prin-
ciple, aid in establishing an institution,
which in addition to its unconstitutonality,
ever has and ever will enchain the com,
MERGE and prosperity Of the south. Mr..
Il. said that high tariff and United States
Bank, both leading measures Of the fede-
raj wing party, had done more to trammel
and Cypress the south, than all other
causes combined.
Mr.. t. then alluded to the currency
question generally. He said that the dis
orders in the currency was favorite ar.
gument Of village politicians against the
present administration. Mr.. r. refuted
The charge and showed conclusively who
were the shin-plaster party. Mr.. Thomp.
son declared himself no enemy TO well
regulated banks, who pursued in good faith
legitimate banking. Said he was opposed
TO post.notes under any circumstances, and
expressed the opinion that banks should
not issue bills for less than 500, always
convertible in specie, and that the smaller
channels OF circulation should be filled ur
with specie.
Mr.. /. regarded we'll regulated banks
and a solid system Of credit, as adyanta
geous to country, but said that the rottel
and corrupt system Of Mississippi, mus
always be attended with the most iata
consequences to any country.
Mr.. T. next spoke Of the famous sui
treasury bill. He simplifed and explain
ed it, dispelled in moment the mountai
ofmoonshine; in which wing Office seeker
have been trying to envelope it. Mr.. ]
read some extracts from the writings Of q
illustrious Jefferson, in which that EN-
nent man takes the prebise position no
maintained by the democratic party. N
Thompson's argument on this questi'
was conclusive, and carried conviction
the minds Of his hearers. The prese
tariff, and the avowed object and intentit