Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-07-06


Adde'S rom J .naica received Al
i,t..-.. clu11o-l.5 td- disastrous condi-
Ns' S -. 10 tba. Island. The sugar p'auia-
,54ai1aed by the .Iee neStoes, and one
n. s--5 alii be lost.
B,..,l Ta.I5r ai,sr'i-es quantity Of pan
- Nlla.us tbs Is very good word,
,.,,.r tlaa tsowscry, or even Urcechey.
- 20 will probably come out with an oPPo-
'al n. l. Gazette.
-..,,sJ su,ht,lan1, a.. general IN the Can
10, service, has been set at liberty by
80 -.f sr George Arthur. 1he Ogdensburg
-. ,o,r,nces his arrival at that place. l. Is
go. - H., Sir John Coborne refused 10 keep hin
custody any longer
90, ,bips.-The Philadelphia World states
bs Secretary Of the Navy has dec ded on
-, !, the Navy Yard IN that city one OF The
sam SHIPS authorized by Congress at its
.a..,,a. The keel viii be lad by the ilh OF
-. !, ihs house IN which the PENNSYLVANIA was
''....,c,e5. and vii be 1876 feet long. The
sg,3b of beam viii be SO feet, the depth Of
s,5g3 feet, aud the tonnage lito.
Sat. nj Morals a! The .Nor!h.--Iu comment
n, a criminal prosecution, where the Of.
-, Ind been successful IA prccrastnaling
ri ls,d,nq Of The retrIbullons OF justice, New
yar. Editor remaEls--"that money can do every
Nm N New York or Philadelphia. man with
aisn,y Of money may do what he pleases in law,
l.l,.r,1. Or politics, OF trade. lie can break any
commandment, and steal any mans wife or prop
,,iy. Every thing is easy 10 the man Of money"
The peope IN oil quarters and Of all parties are
..lpl their denuncatiOHs Of the banks. What
sas formerly prophecy tias become fact What
,as Dfedicted few years since, by some Of our wi.
,s,l statesmen, has been fulfilled and portion Of
h petoe, who heard and dIs5egarded those pre-
lcloHs are beginning 10 regret that they did not
heed in time 10 the warning voice of those who
were SO much better qualified 10 nudge than them
sYes.
Within The two past years great change in pub
lie opnon relative 10 ID. currency has taken place.
This has been effected by discussing the subject of
finance, and dSpeling that mystery which some of
lte principal VIII Is and their worthy compeers had
THROWN around Il. Formerly il was asserled--aud
Iken BY many for granted because assertcd-that
10 parsonage less than a banker knew any thing a
bout finance and for an individual to dlscredit in
any respect bank, doubt It's sovency or its worth
% the community where located, was considered
1rposterous in the extreme BY taking for truth
what was said on this subject the people were dup
eJ aud many really believed that the banks were to
tie Government and to the country, what the main
spnhg IS 10 a watcL--indlsprHSablc 10 keep il IN
motion and render II Of any use.
Such however, is not nowthe case. The people
now know and see what the most subtle arguments
'aDnoi rciuIe. They have learned by experience
eSson, which il needed must prove of incalcuiabe
dgaDtase. they have seen how easy it's for in
liut0ns which were intended for the public good
0 become great public evil and it now, while
moving The evil, they neglect to remedy it, the !
lamr hereafter should rest upon themselves,
That the Chief cause Of our difficulties is The To-
liability OF our currency is no longer a matter OF |
nbt. That lie currency regulates the price OF pro-
,eriy is apparent from the fact that when the issues
4 the banks increase it rises, and when they de-
rase 1t falls and it IS certainly no less apparent,
lat 50 long the directors Of these institutions are
lowed the privilege OF rendering the currency auc
eating as their interest or cupidty may dictate, and
ire suffered to impose upon the mass by refusing 10
meet their liabilities without being punishcd-so
ong VIII the country be subjected 70 ruinous rcvul
SONS, and the people deprived of the benefits arising
olt0i sound ami really prosperous state OF affairs
ar wao'e system OF banking defective, and needs
eprmi and until reform is sought after and obtain
d-lnli the banks leave off specializing and con-
me ther operations TO the legitimate business Of
anslng, The only sphere n which they ever can be
taiy uSeid-We may expect IN every few years
witness The present state Of things, which these
apcr institutions called banks now nine hundred in
imber, vii be as sure to produce, as cause is to
reduce effect