Lexington union. (Lexington, Miss.) 1838-18??, 1839-12-07

winch he thinks it necessary to prosecute
l---il IS ten 10 one, that he ceases 10 be in
Idustrious from that moment, and is finally
ruined. The only true way 10 make a
Happy progress in fhls world, is 70 90 on
10 logged, preserving pursuit Of one
|good object, neither turning 10 the right
Dor the left, but making our business our
pleasure as much as possible, ill we find
yourselves at the geal Of our wishes, with
.doriure almost unconsciously in our pos
asession. Humanity. kindred, friendship,
lhaye their claims npon us. which he should
talways consider and look upon with good
land proper feelings; hut not IMPURE our
selves by giving loo freely to'relicve the
wants OF others; VIC should be lusi, kind ).
;Eand alable 10 all; and enteayqr tosinstit
1imo iheaninds Of Others, Tic sa1ilio sbifi, Of
industry and Perseverance that animates
as, Ell nalng them always to remember
liNt success inslile is more Certain of at.
tairmpnt by their own unaided exertors,
han by any reliance, for assistance upon
others. Saturday Courier.
!. Hon hare ne aagbfy 5allen.' We :
! t9ke tie following from an article in an /.
English paper. tits Interesting as show
Inc The opinion entertained abroad Of The
tesplosipn of the United States Bank, Tot
] 4 n.ustscreaie ,cbagrine and modification
dp Ele bosom Of every patriot anxious for
1.-THE honor and .creduofi his couniry. That
az nsGtNhion, whose powerand resources,
lenallcy her by prudent management, to
coptrllnfe so'gleatly 10 The aidofthe coun-
FRY IN It's f,regn relations, should rush
1bllndlg upon its fate, and humble itself
tani The country so low il foreign cs ina
l1iqn, SHOULD awaken the liyclest indigna-
ton. II seems Chat the ljanl beforo tho
1dishonor Gifts bilslad faiIed IN obtaining
laloan in Holland. "A Liverpool paper in
Eccmmenliny onthis, 1dlhe2encral coursc
ld the bank speaks rs follows:
"".The result oftltis is, that The draGs of
Tie bank Of the United States upon their
Old and eminent and wealthy agents.
"Iotengepr & Co.." Of Paris, have been
refused acceptance. or in other words dis p
honored! The bills presented on Friday.
and Saturday last are all in this position,
and the conslernaIion produced in Paris
and Hare, is as great MS if another revo-
luloa had ledto a ''betler" than the I" best
of repnbllcs."
One thing nov is certain, the Lark Of
The United States in its character and
credit here, is forever hlas.ed. Ii can
now no longer hold up its head as one of
the first nonied establishments in the
world Whatever niay be done for it by
IFS ifiends aihome, il cannot again issue,
its paperin the European markets. Even
10 inmedlate payment Of the drafts in
question, would not restore il to lis former
position. il is athinted thing and like an
unhappy dog suspected Of hydrophobio, it
will be hunted 10 death.
\ Nor can we, or any man who wishes to
see commerce couGned 10 its legitimate
feel sorry al, the disaster. Ii
y inst punishment for nssallng the in
'cresis oi private merchants, by means of
an overwhelming hut false credit, backed
By. fearful and unprecedented monopoly
Had the bank Of the United States cen
tined itsolfio the proper business Of bank
ING had il traded with its capital in IN,
legitimate way, giving .sach facilities TO
tlie mercantile community as it could af-
lord, on as easy terms as possible, and
without exposing lis own property or that
81 It's friends to any serious Joss, il would
have been at This moment in a condition.
q relieve, instead of pressing like dead
weight upon the money market. But in.
stead oi pursuing the well defined calling
IF bankers, the managers Of American
bank became spectators in hecolton bales
which came n England, and founded on
.heir sPccu.a!ioGs il .monied agency in
LONDON. Which could mot be recognized,
which iiad no stability, no credit behind
tsesf,, nothing but a name, and that of a
saan utterly unknown, and who, though in
Lombafdy today, might be in /. Nova
Zembla, or God knows where's Tomorrow
Nor can we sympathise with the holders
oftne post notes.. They snatched at them
for the sake of their-high sounding and
interest; at a time too. when
: was Of ahe utn1est consequence thatas
title money as possible should be sent out
d the country These notes though nom
nally iheissue OF the bank whose name
hey bore, did not.at the lime they were
ssaed, represent any tangible proper,v.
Had the capital Of the bank not been ex.
would have been no ccea- !
zion for issuing them at air.
: Here VIC see a fair sspecitnonof the in.
arIons effects produced bv banks aBan.