The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1839-12-06

have furnished had no D00u called upon
y And moreover, State Banks could perform
Al lortlo government and all for the people
that the United States Bank had ever done.
Not a whisper Of opposition 70 banking, OF
the abolition ofa paper currency was uttered
bytIle most remote inference al this period.
Nor was II dreamed oftEai the government
was free from al obligation 70 furnish q
general currency for the people.
\ The state bank experiment was tried W.
derthe express patronage Of Government
and the almost universal prediction Of is
issue, in three short years became history,
the most direfuI and appaling that was ever
written Of q prosperous people ID time Of
peace. Martin Van Buren, in his famous
letter to Mr. SherOd Williams, with unusual
lIabour and force Of language bad chained
his political destiny with their SUCCESS inro.
lpeated forms of expression that they would
be found more useful as fiscal agents Of the
Government, and could sustain sound and
uniform paper currency, and could perform
the vast amount Of exchanges required By
commerce and general business, better than
National Bank, and therefore the latter
was not needed. Tho failure ofthe project
was so miserable and complete that in aban-
doning il, the president assumed the high,
dangerous, ultra federal and despotic posi-
ton, that in all fiscal arrangements and re.
gulatiOns the General Government bad no-
thing whatever to do for the general welfare
Of the people. From that day to the present,
this has been the leading feature of the par
ty. The Government in all its fiscal do
ings is distinct and isolated Institution,
-enshrined within its own resources and pro-
fessedly as unmindfuI Of currency or ex-
changes for the people Of the United States
as for the people of Hayd. Strange and
preposterous as it may be, il is no less true,
that the administration does not even pro-
pose to do the least thing, either directly or
remotely calculated to repair any portion Of
the damage which they have done to the Peo-
pies currency and their facilities for the con-
Quoting exchange.
"The safety Of the public money ;''.-''the
safety Of the public money"-is the theme
of the song Of the party. Their sole object
and aim, in respect to the whole subject Of
iEance and currency, is the safety and the
well-being Of the public money. And yet
it is notorious, that the losses of public mo-
ney under this new sxstam- of extreme safe
~, have in the last four years, doubled and
nearly trebled the losses which the govern
ment has sustained during its whole exis-
lance, up to the commencement Of their
new system Of safety
The present party came into power under
express and loud promises Of sRuroRM, in
the public expenditures. This promise is
followed by the most prohigate increase Of
public expenditure that was ever heard OF
amongst people pretending to have gov
eminent An increase no less than from
sixteen to forty millions per annum. They
promised to decrease the patronage Of the
President, and they have increased IL four
fold. They promised to reform the general
finances Of the country, and give the people
a better currency. They destroyed the cur
repcy which the people had and now tell
them thai il is not the business of govern.
ment to attend 10 the ubiect Of finance and
currency further than to provide for the
" safe keeping Of the public money" They
complained loudly Of official Interference in
popular elections; & when they getinto pow
er, BY an express vote Of the Senate upon
Critendsns bill, declare it to be not only
the privilege but the duty Of all government
officers to use their whole influence Hfor the
administration" They have the use OFevel
~ dollar Of public money to assist them in
carrying out these doctrines. So the people
can see who tits and what it is they have to
oppose.