Liberty advocate., 1839-10-03

i you're gold and silver currency is now tn
~. oessed object OF the leaders Of the democrat
&c party. So it was some few years ago, tor I
r while, but it was at that time not much believed
r in, and upon the whole generally disaPproved
Those leaders then denied that they ever hat
!, it in view, and proesssed to be in favor ol q
mixed currency, which is fact just such :
currency rs the wings have always advocated
as tho only one suited to our vast country, oui
Igrowing population, increasing agriculture and
Iextendng trade. do not believe that Mr..
Walker and his coadiutots, have full faith in
the practicabiity or expediency of anexcluslve
metallic currency; but they sec tina! the banks
arc now very unpopular, on account oil their
deprecated paper; and they deem the occasion
very opportune for attacking the wings through
the banks, ifan impression can be established,
that the former are the particN ar patrons OF
the latter, But this cannot beSdone where
the facts Of The case are fairly stated, and cor
recty understood
In the preceding numbcr& have shown, that
the democrats, and not The wings, are charge
able with the multip plcation of himsy banks, and
la consequent bad currency, seeing that the dem
ocratic party had decided majority in most of
the legislatures in the Union, when those banks
are chartered; and that the majority of legis
Iature are always accountable for legislative
acts, inasmueh as the minority can pass no act
contrary to the will Of the maority. | deem
it proper to repeat again this unqueslonabe
truth, and its unanswerable influence; and al $50,
Ia case always 10 the point that A. q. McNuttI
did, before he was Governor, vote for no fewer
than fifteen ofthe banks in this State. | do so,
and all friends of truth ought to do so, 10 show
his utter disregard to consistency of principIeI
and conduct. He and his friend Walker haveI
been on both sides Of the currency question;
and men VINO will thus suddenly turn about
from one side to the other, according 10 the tenn
per ofthe times, and the prospect Of popularity,
are no statesmen, but dangerous politicians
They have but one fixed object, and that is to
fill the highest stations in the Government,
which they may be able TO obtain. Hence all
this cutlery against the banks, and in favor of
hard money currency. And why so much ami /
mostly against the banks, and none against
hose who chartered them? Banks have no /
1ower except what is given them by. the legis-
atures The legislatures therefore, the demo-
ratio legislatures, are most to be blamed. III,
he banks have abused the power given them,
Ell them suffer the penalty which the law pre-
crlbes The writer hereof is no advocate for
anks. He never voted for any-has not,
ever had, any of their stock, and but little Of
heir money. With many other planters, ne
tiered for stock in the Union Bank, but now
oubts whether Governor McNutt and the other
eaders Of his party will let US have any,
fler mortgagng our lands for that pur- G
ose. h
The writer has no personal preference for
ither Of the candidates now in question. He
Oes for the principle, for good currency, and
ot for the men. A close and impartial obscr- i
alton of the course Of parties, in relation to =
his scurrencyAueston, from its commencement,
onvinces him that the wings are right, and the
emocra,s wrong; and that if such men as A. G. y
lcNutt and R. J. Walker, and Che conscien- =
ously adds) Martin Van Buren,, are to have :,
leir way on this most delicate and momentous :
uestion, there is much reason to apprehendI :
dire result. They are all distinguished turn. +
oats, and therefore unfit to be trusted with =
le country's most essential concerns. h
A CALM OBSERVER.