Lexington union. (Lexington, Miss.) 1838-18??, 1839-08-10

even II there was no pecuniary or political
object in blowing it up every three or four
years. A thousand banks, issuing small
notes and post notes, and doing business
upon each others paper, could not stand
even II all hands were in favor Of sayiog
them; but this is not The case; many are
IN favor of periodical explosion Of the
banks, both for pccuniary and political
Objects, and especially to cause resusci-
tallon OF the national. bank and these will
accelerate the event which would come of
itself IN a few years; and thus periodically
a'rIct the country with = Broken bank
currency. Our state legislature can save
the state from this afllic,ion, and congress
can save the general government.
Our state Legislature can save the state
BY excluding all paper money under twenty
dollars; q had much rather say under one
hundred J congress can save the general
government by establishing the independ-
ent treasury system. This-latter measure
is now permanent object of the admin.
lstration, and is called for by the strongest
reasons Of policy and necessity. Hard
money payments to and from the federal
government, and the keeping Of ITS own
agents, (Which are the two essential fea-
lures Of The Independent treasury,) are in
dlspensibly necessary TO save the federal
government from bankruptcy every time
the local banks shut up or blow up; also to
prevent such banks from expanding their
currency upon the credit Of the federal
government; also 10 keep up sufficient
quantity of gold and silver in the United
State to make it safe not to have any banks
at all, and to prevent an exclusive circula.
ton of paper money; also 10 prevent the
resuscitaiion of a national bank. The
democracy Of the Union are now nearly
united in support Of this great measure, and.
if not established soon, the next explosion
Of the paper SYSTEM will do the business. i
look upon the establishment Of the indie.
pendent treasury system an event which,
sooner or later, must take place; but il
may be that another snspeusion,' aust he
added to the argument before il can be
carried.
You speak in exalted terms, gentlemen,
of the benefits Of Gen. Jsckson's admins
fffutiun, and weti you may, TOR never has
any country improved and advanced as
much in the same length Of time as ours has
done since his elevation TO the presidency.
AT home and abroad prosperity and honor
have been accommodating upon the country
since that day. According TO the predic
tiens OF bis opponents, every species Of
evil was to result from his election; accord
ing to the fact, every species Of good has
ensued from it. According 10 these pre-
dictions, we were to have wars with all
Europe, military tyranny at home, and
the ruin Of domestic industry. On the
contrary, we have had peace with all the
world, trade with all nations on The best
OF terms, and compensation made to our
citizens by many nations 10 the amount of
seven millions of dollars, for spoilalions
committed onthem under former presidents
Instead ola military despotism, established
on the ruins of republic, we have now
the same constitution that we had before;
and we have 1t better understood, better
observed, and better guaranteed by the
increased intelligence and vigilance Of the
people, and the increased responsibility Of
public servants. Instead of the ruin Of
domestic industry, we have more industry,
and better reward for labor, than we ever
had before. Such were the predictions;
such are the facts; and it will now belong
to the page of history to record the error Of
the one and the truth of the other, and 10
present the administration of Gen. Jackson
as the most transcendently glorious and
universally beneficial which ever blessed
any portion of the human race.
1t is not possible, within the limits Of
this brief letter. to enumeratc, even BY
name, all the great measures which have
signalized and illustrated the admnistra-
ton Of Gen. Jackson, and blessed and
benefited the country; but who can forget
the payment of the national debt, the abo-
lition of duties ON near fifty millions Of
imports, and his earnest Recommendation
TO congress to abolish the tax on salt, and
give to the country the free, cheap, and
plentiful use of that article of universal
and prime necessity, without which neither
man nor beast can take his daily food in
health and comfort? Who can forget The
sent ever in gold ,tothe amount
Of so many millions, from France, Spain,
Denmark, Naples and Portugal? Who
can forget the gold bill, which had been
dead for thirty years, and which has alrea-
dy given US near thirty millions Of that
coin, being near three times the average
annual amount Of the notes circulated by
the late United States bank? Who can
forget the silver bill, which legalised the
of foreign silver, and has re.