Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-11-12
From he Nntiunll Gazette.

From The NatiJnII Gazette.
There is at Ibis moment a singuiNr
complication and opposition Of inter-
ests among federal Offices, the banks
the brokers, tfe merchants, and the
People generally. According TO all
proper rules Of public economy, these
interests should move in a parallel
course, but they are in confusion, and
although the result be not apparent, the
cause is not matter of question. We
trace it, in the first instance, 10 the Ma
tional Administration, which made
open war upon the credit system, at
the very tine that, by placing its funds
at the disposal of independent and in
secvre agents, by crushing the United
States Bank, and building up in its
stead several hundred localinstitutions,
it opened the way to excessive issues
of irredeemable paper. vast overtradiDg
and boundless speculation. OF all this
the first grand effect was acknowledged
in the suspension eff specie payments
two years ago. From this shock the
industry, the capital and enterprise Of
the country have ever since suffered.
The resumption, ii is now apparent to
US at least, was premature, and only led
to temporary expansion of business
which has brought the banks again 10
stand.
"I'cmpora nuutaetnr; et nos mufdwur
IN Ills. We are very sorry to have
to introduce this article with this hack
fied quotation; but, it really suits the
subject SO exactly, that we cannot re-
frain.
In the year 1917, James Monroe,
then President of the United States,
made tour through several Of the
States, and was every where received
by his fellow cilizens. without distinc-
lion Of party, with every d smonssration
Of respect. As the accouuts came
pouring in these unsolicited tokens of
regard, the RICHMOND ENQUI-
RER thus broke forth in strain of IN
dignant rebuke Of the man worship of
die nation. Hear the organ of Demo-
cfacy of that day, when James Monroe
was The subject
1--WE turn with safety from the de-
scriptions, the public prints give us, of
the Presidents tour. "A little too much
of this says Hamlet. So much par
ade-sucll b0mbastic accounts ofwhol
he breakfasted or dined with, ibis cor.
fege, and coteries, and coliations, and:
balls; mixed up with such ridiculous:
and parasitical accounts, that we turn
away IN disgust, and ask ourselves:-
g Is this Americas Are these manners
Of republican citizens? Is this the de-
scription Of the trip of an American
officer in the discharge of his Execu-
tive duties? Or are we in England,
where the great men scarceiy moves
without herald at his heek::''A
Now, in the year 1899, Martin Van
Buren,, the President of the United
States, makes a toar through some Of
the States, priorto an important cleo.
ton, aud receives, in like naans..gs.re
many of his fellow-citizsns, and rarty.
the most enthusiastic receptions, &C..
&c. We h1ve the most bonbastic
accounts Of "who he dined with, his
corsege, and coteries, and coIIations,
and balls" &c., &c. But we have
never yet, in rev of these things, heard
the Richmond Enquirer, ask, as this
America ? Are these the manners Of
repul Iican citizens? Isthisfhe descFfp-
ton of the trip Of an American officer
in the discharge of bis Executive du-
ties? Or are we IN England, where the
great men scarcely moves without
herald at his heslss" This could be
said in 1917, and applied to James
Monroe. Of Virginia. But il. cannot
be said in 1899, and applied to Mar
tin Van Buren,, OF NewYork.--4L Gas.