Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-02-02

eaa-s 70 aeie- a. t7~- U.o arr rot RECKLESS af
e'.->- 'eHees .-o.- t-.--e-I1E 20 our Sl.e Ia. LID
ds'.e t-.se '.3 a-s ac.la,o5 ty oa1st motives a.t
TIE 7-ason1 assigned by lll -eu.el.a y..-sl-
Nel1'- l's me-slCl, ana ;.s arguments .Her l-.r,r
-a-NaF- 200 support of tac.- p1s.tou s-c worthy
acne q H- s5urcc from which .bsy cm1uat5
I.1se Gentlemen yrrs gratoiy say that ih1 Max
>HATL OF l.e southern pH-,.1u C. tie STATE. t4St1
c.oct By The next term of the United States cau-,
E9e aaaons Of dollars, from certain citizens of
H.pls ana Tie counties contiguous thereto ana
NAT unless something IS done for them their un,per-
" must Dc aoid,-conselu-u The ps5Dlf, Tgiou
HaRh ought "a o allowed % issue gosf Hofss hear.
ing ave percent INTEREST and lend them cut al eiat
per cent per 5Hrufl on doubtful sccurityl What
an argument ihls 10 bring forward in lie Gcc of
the people Q. ms State that, as cerg ltan mi-
n0fUg Of The population Of 4 few counties in the
southern part OF 10 have gamb.cd in property to On
extent heretofore uHhel,J Of in an agricultural
country, tie currency If lie Safe rrstGe d,b9ssd
iof their 6e7Cht--ttat the hard working and honest
people oil State must suffer Tor the ties aud -cts
q degraded few Should this fatal step tc taken.
would not hear TO stake my existence that the
MISSISSIPPI mon Bank would reign supreme with.
uttae lear OF a rival IN jie deepest depths of Bank
degradation for years, IL not forever. But saw
these gentlemen these notes will not become de-
pFecated, because they wifi bear an interest OF five
per cent per annum: northern capitalists will there
i1fe DC CAD To lnvcStm them These men must
pace very low estimate on The proyeyha saraci-
" OF northern capitalists who can find no better or
saits means OF investment than that OF the pos'
notes of Mississippi Bank which paws om in tie
way OF interest and cNpenceS rs much as she re-
celVeS for SAID lsSucS' Do these gentlemen ever
lake The trouble o booking around them to see
what The value OF notes Of as solvent Banks MS 7uy
IN the State that are bearing an interest of twelve
per cent and that will soon be convertible INTO spf-
Gle are selling al? They can be bought at any
time IN ou streets Al twenty per cent discount with
sound iunds. But, although these men talk in this
way they are as conscious as | possibly can be,
mat the result wouid be as have stated,-and sir
let me add, that this IS tie very thing they seek
they, in the first place want to reap harvest of.
this deprecated stuff, as il would enable them TO
pay oil their liabilities with degree Of ease in the
rallo OF ITS depreciation, and in the second it would
iorllsh these very individuals who urge tins meas
ure with an argument ID favor Of National Bank
or any other anti republican scheme
fear that have dwelt too long on this subject
the feelings Of Indignation and contempt that en-.
tertain Tor these Paaders OF the public wca that have
elected theSe remarks were 1t not for the abiding
confidence which have in the redeemng spirit Of
Democracy which Is abroad in The land aud which
VIII speak IN language which cannot be mistaken at
the coming fall elections should look on our State
as both degraded and lost beyond the hope olrcdemp-
ton Butts whllsithe executive charts flied byyou
the people feel safe, Unit an opportunity is afforded
them to speak, under the assurance that no matter
what combinations may take place between the
monied arsocracy Of the country and the aihess
servants OF the people, that there is one who guides
the helm ul state, who is ever TO be found faithful
TO ms trust, and who VIII continue to use with the
'ame degree of judgement promptude, and firm.
ness, ich you have heretofore done, the reto pow.
cr so wisely delegated to the Executive by the con
stituion of our State; and should your future
course be marked by the same zeal and manly firm
ness that it has heretofore been, you will find the
honest yeomanry of the country will bear you m
triumph against the combined forces of monied
ar'socracy and Bank Federalism with which our
unhappy State is cursed Luvxprs