Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-01-01
CIRCULAR
10 the vOter. Of Lowndes Go

10 the voters of LOWm0eS CO.
/ have received a written invitation from
large number of my fellow-citizens to
become a candidate for the State Senate,
to supply the vacancy occasoned by the
resis nation Of T. NJ. TUCKER. Esq. |
have also been nominated by public meet.
ing of respectable portion of our citi-
zens a candidate for the same Office
Deeply impressed with the honor confer
red upon me, by the unanimity with which
my name has been presented to the pub
lie, | have felt it my duty to use every ex-
ertion consistent with self-respect, and the
dignity Of the station to which | aspire, to
consummate the wishes of my friends. |
have addressed the voters at Colbert, CAL
adonia, NashHI e, and Columbus, and in
plain undisguised manner, have laid be-
fore them my political opinions, on such
matters as thought most important and
interesting. IN order, however, that my
views upon the CURRENCY might be
known to those whom had not the plea
sure to address, in my late visit through
the County, | have concluded to submit
them in a Circular.
| do not consider myself called upon to
decide the question whether it would have
been better for the country, had the Gen.
eral and State Governments, and the peo-
pie, at the commencement of their exist
ence as a nation, adopted and enforced an
ercZusire Metallic Currency! Ii is the
part of wisdom to make the best of our
present condition. We must legislate for
the country as it Is, and as far as in our
power, remove the evils and difficulties
with which we are surrounded.
The first session of the first Congress,
under our present Federal Constitution,
was held in 1889. The credit of the
| Government was bad, and the currency
of the country was deranged. The cur
rency Of the country was among the first
subjects Of legislation. The secretary of
the Treasury, Alexander Hamilton, in
1899, submitted report to Congress, and
recommended the establishment Of a Ma
tional Bank. The bill having received in
its favor a majority of each House of Con-
eress, was sent to Gen. Washington for
his appreciation or rejection. After a full
and deliberate examination, George Wash
ington. acting under the solemn obligation
of an oath to support the Constitution Of
the United States, signed the bill. This
Rank was chartered for twenty years.
In 1911, when the charter was about to
expire, proposition was brought forward
in Congress to extend it. This PROPOSE
ton failed by majority Of one vote in
the lower House, and in the Senate by the
casting Uote of the presiding officer. In
1916, the establishment of National
Bank was recommended to Congress by
James Madison, and urged upon the atten-
ton of the Representatives of the People
by Mr.. Dallas, the Secretary Of the Tlea-
sury. The bill was passed by large ma.
iorities in both Houses of Congress, and
received the stnction of Mr.. Madison.
In 1929, the Executive called the attention
of the country to the subject of a Nation
al Bank and in succeeding messages IN.
dictated to the people that the State Banks
would furnish a better currency, and afford
safer repositories for the public Revenue.
In 1882, a bill TO re-charter the Bank o.
the United States, was passed by respecta.
BILE maiordies of both Houses of Congress
and vetoed by the Executive. In 1888
the Public Deposites were Withdrawn from
the Bank Of the U. States, and placed If
the State Banks. After these Insti'u
tons had been stimulated by the then Sec
rotary Of the Treasury, to extend thetI
loans to the people, urging as reason
tina: they were now enabled to do so BY
means of the public money which they
held on deposlte, and the whole country
stimulated TO speculations by loans from
the Banks, and the vast amount of Public
Lands thrown into market, tho Executive
before the People or the Banks were pre-
pared for so great and important change
demanded of the Banks gold and siEUel
for deposites which they had been author
fzed to TecsiUe IN paper and of the peopl
demanded also gold and silver in paymen
for land, and all duties and imposts.
have mentioned the above facts. fellow
citizens, that you might see that from Ia
! year 1871, 10 the present time, the actlo
J of the General Government has had q
important Learing upon the currency {
/ the country; and that during the abov
period. with the exception of the two pas
!. / years, the General Government has n
ceived tie notes Of specie-paying banks
III payment of dues to the Government
From these facts, you win also draw otht
1 important infefenees for yourselves.
i feel satisfied that bank notes, coEIaTtib
!, the viii Of the holder into gold an =
YER will hereafter be received blythe GO.
q eminent il psyment Of all public dues s
D aad that the same viii be received by y
II State Governments and with few exec
j tons, by the People,
2; Having shown by historical facts, Ino
!. hich are known 10 many citizens !
living n this county, that We have had