Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-08-20
VOLUME v.-NUMBER 40.

has D6C0tHS UlOFG HOl ttCoo luoti DCtoiC
Yet it is still avowed to he the policy from
which the President will not depart. Hi
| hope of success in the next presidential
election is indissolubly connected with 1t:
ae, aud his prominent partisans are toe
leeply committed TO its support, TO allow
i'm TO relract his first opinion. Unable
| Q lead, he must be content 10 follow the
faction with which he is associated, or
; sink into obscurity.
However unamiable and anii-repubiican
we may regard claim, by the chief of
Office holders, that he aud his subord;nates
should enjoy betttr currency than the
neople could afford themselves, the subject
IS TOO small for an extended commentary.
Mo- would we complain of his recommen-
dation of the sub treasury, were we per-
| mhted to view it sS a suggestion 10 Con-
gress, hastily or inadvertently presented.
Il is his determined perseverance in the
measure against the known wishes of the
1eople, and after his own experience of
The faithlesSness ofthe collector that cal $
| FOR our earnest re rotation. The pecu-
atoms Of these men are without parallel
in any country. And while they prove
the sagaciy of those wEo have uniformly
esisted the fa,ourite policy Of tie Presi-
dent, taey furnish, also. another lesson
which should not pass unheeded. They
prove that party which regards the Off
ces established for the benefit of the peo-
pie, as the proper spoils of conquest, TO be
dist ibuted by its chief among his parti-
sans, in proportion to Their zeal in his
service, can never administer the govern
men. with honesty.
Mr.. Van Buren, came into power, un-
der a pledge Of Incorporating hostility
to the Bank Of the United States, and of
whatever may be understood from the fol-
lowing addressed to the President and
Vice Presidents of the Baltimore Con.
vention.
81 content myself, on this occasion with
'saving, that / consider myselfthe honored
''instrument, selected by the friends of the
"present administration, to carry out its
principles and policy; and that, as well
"from inclination, as from duty, shall, If
shonored with The choice of the American
s'people, endeavor 10 tread generally in
''the footsteps of President Jackson--hap
spy, if shall be able to perfect the work
switch he has so glorously begun"
1t is truly unfortunate for the country,
and for no PORTION more than Mi SisSippi,
that the Bank of the United States has
ceased to be a National Institution. All
experience has proved that the State Banks
cannot furnish uniform currency, even
in seasons of general prosperity; nor can
they prevent the occasional recurrence OF
Overwhelming embarrassments 10 the
planting states. No period of our history
teens, more than the last two years, with
proof of tn. Sc truths. 1t may be, that the
odium which President Jackson had pow
er to cast upon the Bank, will last beyond
the administration of his successor, and
thus oblige US TO suffer, for years to come,
| the exactions of a ruinous rate of eX-
change. But the advantages Of such an
Institution are 80 manifest, that the fer
cest foes ofthe late Bank are ashamed to
seem too ignorant TO appreciate them. All
see the confusion of our present currency,
| ard the loss to which holder of MIssis-
| sppi Bank notes must submit, in exchang-
ing them for those of any city with which
our citizens have dealings; and all who
have not forgotten, we'll know, on What
easy terms the late United States Bank
transferred funds TO the rernoiest points
of this great confederacy. We will not
argue the constitutional right of Congress
| 10 establish Bank. 1t should suffice to
convince a people who feel the necessity
of one, to know that this right has been
recognised by all the presidents from
Washington TO Jackson incluslve-by both
| houses of Congress, on every occasion
when this point was the subject of their
,oies-by the Supreme Cour in num-
berless instances in which the question has
arisen, and never doubted in any-and by
the people of the United States, at the es-
tabliSllment and during the whole exis.
| fence of two such Banks.
1t would, douhtlrss, be instructive to in
| quire, what work it was, commenced BY
President Jackson, that President Van
Buren, promised to perfect. But the length
to which this address is tending warns US
that some subjects must be passed unnoti.
ced; and we have enough of deep import
ance, 10 claim all the space which we cat
prudently occupy. The actual state of
suffering TO which the tamrering of the
executive with the currency has reduced
the planting states-the bitter denuncia
lions against public character and private
worth, by the presses which are counte.
nanced and supported by the adminlstra-
tion--the abuses of the patronage of the
| departments--the gross Encouragement
of the post ofhce-ihe degradation Of legls.
lative department into mere instruments of
the President-thc subserviency of the
| inferior officers to their chief-the ruinous
neglect Of the Navy-the enormous in
crease of the public expenditures--the
open interference of Office holders in elec-
tons by the people or the State legislatures
Ian Indian war provoked by the funds of
government agents, which has brought
desc alton on a fair portion of our country,
and disgrace on our arms and diplomacy;
/ portion Of Florida surrendered to the
savages, after expanding thousands of
lives, and millions of money to expel them;
a large part Of the State of ! aine and
nearly the whole ofihe territory of Oregon
held by the arms of foreign power pro.
| fessedly at peace with us-unblushinp
frauds and astounding embarrassments in
the land Offices and custom houscs-fe.
wards systematically conferred on those
who have forfeited the confidence Of The
a