Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-08-10

TO that Bank. They knew that Bank. I'm ,I{it,,r
to beng political machine IN the hands Of tb.
ederai!sis, was also a moneved engine Of fy,,
TO few, aud oppression to the many, and ,ys.
tematlcaly working to make the uch richer and
the poor poorer Its great loans wele confined
10 select few, and these few were the rf,,,l,t,,.
not o' currency but ct puces they regulated
the prices OF all labor produce, aud property.
and they hXed the price Of every thing IN sn,,
themselves, and that was about one third or h
value. The breaking down of the f,y,ri,i.r,
and monopoly Of that Bank stopping n, sp,r.
nous loans to a select tew-stonnru5 IT'S Trims.
portailon OF our specie 10 Phjhdclnaa and iheprs
to Europe-w!th the revival Of The cold cggreu,.,
| and the increase q our specie from twenty NIL.
lions to about one hundred millions; these are the
true causes of our present gratifying pro,pcrli,.
and every friend to the liberty and prasperity of
the country should now see The prop.eiy of keen.
ing down National Bank and keeping mn a cir
culahon OF gold and SILVER. Nor Is II sufficient
to keep down a National Bank; the local hanks
should also be kept in subord5nation to the laws.
They should be prevented from stopping and
suspending when they please, and from inunda
ting the country with small notes and post notes
/ n
| irIes IN the world such as Holland, the IIansea.
TIC towns Cuba Sc, have no paper money at
| all, France has none under one hundred dollars
and England has none under twenty five dollars:
and all these countries, especially France and the
| three ormer, have an OVERLOOKING abundance of
goldand Sllyer-not only enough for all their own
uses, but to lend to all foreign nations, and thai
at the low rate Of four or five per ceptum ner an.
mum. Missouri can have as much oold and s,l.
yer as any OF those countries by following lheir
example. would myself Danish all paper mo.
ney under one hundred dollars; bat twenty j,
the highest mark 10 which the Democratic marty
! yet come; and shall hope TO see the next Leg
Islature OF Missouri act up to that mark, and
save the State IRON the degradation, loss and
misery OF losing specie circulation, and becom-
ing the receptacle Of all tie small trash, ali the
deprecated stuff and all the broken bank notes
OF the surrounding States and Territories. The
present paper system Of the L. States cannot
stand, even If there was no lecunary or political
object IN blowing it up every three OF four wears.
thousand Banks issuing small notes and post
notes. and dong business upon each Others IA.
per- could not stand, even if all hands were in
favor oil saving them but this is not the case
many are IN favor OF periodical explosions Of tho
Banks both Tor pecunlary and political objects,
ana especially 10 cause a resusCitalion Of the
National Bank, aud these Will accelerate the
event which would come of itself in few wears
and thus periodically ailict the country witla
broken bank currency. Our State Legislature
can save the State from this ailllchon. and Con.
gress can save the General Government,
Our State Legislature can save the State by
excluding all paper money under twenty dollars
Il had much rather say under one hundred:) Con.
gress can save the General Government by esta.
bllshlng the Independent Treasury system
ms latter measure is now prominent object of
Inc Administration, and is called for by the strong.
es, reasons OF policy and necessity Hard mo.
ney payments to and from the Federal Govern.
meni, and The keeping Of its money by It's own
agents, (Which are the two essential features of
the Independent Treasury are Indispensable |
necessary 10 save the Federal Government from
bankruptcy every time the local banks shut up or
blow up; also to prevent such banks from ex-
Pandlng their currency upon the credit of the I
Federal Government also to keep up sufficient /
quantity oil gold and silver in the United States
to make It safe not to have any banks at all, and
to prevent an exclusive circulation Of paper mo.
ney also 10 prevent the resuscilation Of a Ma. |
tonal Bank. The Democracy Of the Union are !
now nearly united in support Of this great mea-
sure, and, II not established soon, the next expo
sion OF the paper system will do the business | |
look upon the establishment Of the Tndependen
Treasury system as an event which, sooner or
later, must take place bat il may be that another
suspension must be added TO the argument
before II can be carried.
You speak IN exalted terms, gentlemen, of tho |
benefits OF Gen. Jackson's administration, and |
well you may for, never has any country I'M |
proved and advanced as much in the same length |
Of time as ours has done since his elevation 10 |
the Presidency. AT home and abroad, prospect.
" and honor have been accommodating upon the /
country since that day According to the pre-
dictIons OF his opponents, every species Of evil
was to result from his election according to the
fact every species Of good has onsucd from it.
According to these predictions, we were to have
wars with all Europe, military tyranny at home,
and the ruin Of all domestic industry: on the
contrary, We have had peace with all the world,
trade with all nations on the best terms, and com
pensa,lon made TO our citizens by many nations
10 the amount Of seven millions Of dollars for
spolIations committed on them under former
Presidents. Instead Of military despotism es-
tabllshed on the ruins Of a republic, we have nov
the same Constitution that we had before; and
we have il better understood, better observed and
better guaranteed, by the increased Intelligence
and vigilance Of the people and the increased re-
sponslblllIy Of public servants. Instead Of the
ruin of domestic industry We have more industry
and better reward for labor than We ever had
Gurh tba eyrh dt~s tba {
facts ; and it will row belong to The page Of his
tory 10 record the error Of the one and the truth
Of the other, and 10 present the administration Of
Gen. jackson as the most 'ranscendenuy glon-
Gus and universally beneficial which ever blessed
any portion Of the human race.
It's not possible, within the limits Of this bnel
letter. TO enumerate, even by name, all the great
measures which have siguazed and illustrated