Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-10-05


>tl ias na.c~ ar Il S ol auy hsuA b. Vcrvri l
P1yWro'ut ANY debt doe 20 te Ju'tej Siat~s,
wEitb >l.st sHer tie SAID lurih dsy % Jas OSS6,
ISSUE ~ note ur b.g q Is denomination WaH
h't ousrs' By sub>ttntng as an Amendment %
it.s provision tie wurts twenty oo.ars u p e.
e.. "hy5 j0+,r>" you Njl have substantially Tic t4
q" 1851 iu favor Of Which he speech was radt
uf"u uhci Nj Pru;ss has SntmtdvcEed Now
what wotid have been thr etlct ol t1IN hA, q car
rtl jn'u tSscHuon9 ltwout have hCra Ia cvpcH
tum ctrcHatlaaal hams paTsf uudtr twenty dotao',
and 4 ne banks refused NE ahanluumgut OF 'hc
Sma3 note currency as q consequence 81 tAc opera
uon q. the b,., t,s static bark typ0,,e system must
have tyrttd, and IS | hsi expressly dtununcgd
ttr establishment Sd Juy bsUs oi Jhc United States.
lhc "itpgul,u. Treasury BIZ must lave been She
Vuly resort.
Aysp,ch Of ism, 1881, from which Mr. P,en'iss
quoted, declares.
The Federal Government, atlcd by ils revenue,
hy the drpo>;uriy> o tbr money, aBd by STATE ltg-
lsnuo0, might gradually suppress all bank notes uu-
der twenty dollars and gold aud silver would thea
necessarily GU he vacuum, md constitute the conn
mon curtucy OF ihr country al die Ordinary uan,-
uciouS between the dealer and consumer, Tbs
Uuld d>mm the STATE RlpAs of nearly al. power g.
do e'r, arrest excessive ISSUES 81 bank papcr, >ub>
tate gold aud silver tr al lAut great portoH 81 The
twenty dollars, trudcr and preserve the banks nd
and solvent, uurcurrcucy stable, aad pot an cad 70
all apprehension of thar Nplusun OF the paper Sys-
tom with which many believe We are noN threaten
cd This was q practical reform Of hc currency
and one winch Nh Maker slIul he was deeply So
hcl'oUs ln see titc ed
Here again, thtn, 10 tbs very speech from which
Nj. Vrcntes quoted, | am found advocating my
long cherished ana hvoute principles, OF suppress
lng " all bank notes under twenty dollars and ut
tIug up the vacuum N lhc circulation with gold
aud silver Bot this speech II B, SAID - against
the praclcahuy, al that time. al on exclusive me-
aiIc currency aud wherein ihen does u dltitr from
my letter Of the 2ith OF June 1889 In that letter
isay;
"Our object Is To cypel al once from circulation
all bank paper except that payable ut alI uuts nlon
demand IN specie, and gradually to abolish afi hank
notes Ola less denomination Than twenty du,afs,
aud To OIL UP heWcuum with gold ana SILVER
do not hesitate however 10 atuW il as my own wish
and opinion FIR which only am responsible, (and
not tie parly) that when ths great reform shall
have been accomplished, such VII b. tue improve
mcnt ~ public mufals, the augmented prusicuN
Of the country, aud The Increased vlgUr Of republic
can prncptS, dat we might IN time proceed lo the
EXPULSION ol all bank notes al denomination less
mn on hundred dours, end perhaps bc eushIed
ultimately 10 dsptnsc with thc whole system
Now do | ia ny letter ct The 2itl 81 June, 1859,
lecafc It to be practicable to establish ~ tbs TINE
N Conclusive metallic currency ~ 30 meats,
Tie letter p.opusca fist, the immediate cxpulsub
rom circulation o' all Bank paper except that paya
bic at all times upon dcmand IN sp,ce-aud, sr-
goDdy the gradual suppression OF all Bauk NOTES
under twenty dollars. 1t is tue the letter rXpnsa-
IS hope that ave might IN time suppress all bauk
mites uuder one hundred dollars, and tIirn perhaps
be enabled Htmatci5 10 dispense Wlih the Whole
system '--n hal sys4tul; Sic haukng al6tttu~-and
what laeH ,-N Guild tbe currency su, be exclusively
metallic; No Tor large and distant transactions
II would be substituted by mercantile chcck-, or blls
u exchange, founded on money dcppsted of poo-
perry consigned, q, n the easc ~ luusc hjghy COM
utrcla countries, where not . BJHk ol tuCu.auuu
exists. Aud ! INV assert thar nmy Aaii.Bln4 let
ter OF June, 1889, SO strongly opposed by MI Prem
MSS there as u 4 one word 81 sentiment uat would
now relHcl or change IN The slightest PARTICULAR
NJ pirnt>, charges upon Gen. jackson and the
Democratic party lit creation 81 ltc pttscu state
bank system. DID Gen. jackson adylsc Nv Prem
Iss and hes wing Trends m our state legislature, to
create tue brandon auA OTHER spurious Bilks 40
$50 ! have always bought thil Mr., PtHtlss Ne
srt 9ctrd ulOD Con. Jdck>unb advice ia pulcS;
mat he had always opposed han, and al. iis incas
ures, and had supported even Jouu Quncy Adams.
That distinguished northern icdtrdi aOphuOust lot
The Presidency ~ le}- Aow de iacl Is that Gru
jackson mover ADVISED Nj Plsultss and nl5 wing
mend, vote for apy suCh banking Institutions ps
were created by Diem ~ lus state 80 1886, aii el-e-
wherein other STATES, uaIuiy ~ the Nma p1u,
InruugruI lHr juuH. lie truth H cen. Jackson
advice was against The creation OF JH Jhtre Banks
" any o. ~lansr character H., pInepc, bayr
always t,cn decHediy ant- bank and bs ,eupn
STRANGE aL0Hsl The system and prediction ul ils ru-
uous ruu~cQa uhl BE- tuund 10 ti, hes Of tir
Tennessee tlsalme ~ 1871 Fave Ntar5 ago BE-
advised, s., ftsldrui, lIit Suppression ol ~ BANK
notes under twenty dollars, HHd earnestly fcptalul
tie ftcunmeu alton lrUu TINE u pint. u WA
,tcat,d with scurD and contempt by HE Wig party
u NE Union, and It great bdy ol HIS paty, a,d,u
Dy q lew ui Gen. Jack,uus lr,uds hdsc cfeaitd q
multitude o Stale banh- chartered 10 Tire several
,lates J4tust ias rafnest udNlec ami rcruWWrndg-
uu, MOI enc 81 these Backs c,eat,d durnE ll,
Whole period, contains the clause ucomiuena,d by
Gen Jachsau, suppf,ssHg Tie cHeub,ilun DISH nytrs
under laeuy douafo not oHy ao regard, tAc Bans,
hal might be incorporated, bul designed 10 he appu.
od In rtauon 10 tnVse already N existence. Ihis
CLAUSE would have diminished oue halt The alnolHi
Jl Bauk paper, aud duubcI tac cuCuaDon al gud
in1 silver, and sJbsttuied tie golden eagle aud al
Eagle pace ol Use ten asa I'VE dollar notes DIS
measure ihAnt AJyt saved lhC banking system, bui
Aheter or lot, u IS most UNJUST 10 chalgc upon
Ten jackson tie augmentation vi The stale banks,
when every one u lien hos been Incorporated up
IN principles dreclly ~ opposition to hs aYowed
lpim0us.
might here append the mass d documentary
and otter EVIDENCE published heretuIUe ~ the
MIs,issipInaH extras Oh September AMI OuiULtr
1915, but !! is unnecessary. On the lal Of March,
1854 Tie date Of my ir,t tttef 10 Judge Back, he
ad not gwen sui4.e vote against the admlnslfd-
i0u Of cen Jacksun he had uern elected bu- a
lev weeks previously a. tie warm and asO"ch sup
porter the administration, hnd was utcn sail ~
saIded hete a. such, bui opposed 70 "n-chaetnS
ne bana OF lie United States as he himself has
lgmn aud again declared over bis own signature
both lien aAd since, aud also opposed 90 The state
bank Gepusre system, aud II vas IN lhis opposition
and 80 uliiei ti.a l@dyiscd ban 10 go Oh, 10 n's
tier Of March, 1884. And III NY etter o the 2nd
April, 1854, to Judge Back, whilst tel hm ~ that
cfef, thst hs constituents wili sustain hn 'Soie
Iur resolution declaring the removal o ihe depoo