Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1839-08-29


them harmless, issued, by the express direction
Of the Treasury Department, an amount of
notes beyond the security oftheir means. The
temptation for the creation ofother banks pro-
duced its natural effects,-and before the bub
bic burst, their number had nearly doubled, inI
a period of three years. Then came the Spe.
Gle Circular, ~ the ruin of those banks that
were within The reach Of the Land offices was
complete.
With the expansion Of the currency, produ-
ced by the operaioMs ofthe Government, arose.
a spirit of speculation, restricted by no consld-
erations of prudence. But the suspension of
the banks was the signal for all TO pause and
examine their conditions. With a great for
elgn debt, no currency could be kept among us
that could be used abroad; and the prediction
of great leader of the democratic party, that
the measures Of the Government would cause
gold to flow up and down the Mississippi, was
literally verified. 1t flowed from our ports to
the upper country, and TO New Orleans. Press
ed as the banks were by these untoward cir
cumstances, they resorted to all measures that
their ingenuity could suggest, to save them
selves from a continued suspensions and the
public received as money, their deprecated
notes because no other medium of trade could
circulate here, under the pressure of our for.
eign debt This, it seems 10 US, is true and
simple statement Of the causes which have
produced the depreciation Of our currency. In
the confidence that the verdict for our fellow
citizens will confirm these views, we cheerful
Iy submit them.
We may not omit to remark, before leaving
this part of our subject, though at the hazard
of being thought to descend from the proper
dignity of the occasion, the frequent use of par
.ty catch-words, employed by Nv Van Buren'S
friends, 10 prop the sinking fortunes Of their
IchicI. These men claim to be The true ''dem
Iocratic republican partv,n and those who arc
sufficiently independent to refuse passive sub
mission to the despotism Of a faction are term
led 'federalists." These party names are rare
lily mentioned now, except to deude the igno
rant But there was a time when they meant
something-when the names republican" anC
"fcderaIists,'' distinguished parties who differ
ed on great subjects of constitutional law ant
foreign policy. AT the memorable epoch o
the declaration OF war against Great Britain
when Our young country, with an army or
treasury, and with five frigates and few
smaller vessels, for navy, was driven by op
preston to measure strength with a powe
which claimed the empire OF the seas by RICH
of conquest--which was wealthy enough Il
Isubsididize Europe upon whose provinces thu
sun never sets-and whose arms were destined
to overthrow the conquerer Of all Christendom
that his armies could reach-lhe American peo
pie were not united in their counsels. At thai
gloomy period Henry Clay was the champion
of his country's honor, on the floor of Congress
while that party which was indirectly aiding
the cause of the common enemy, by seeking
to embarrass the administration of Mr. MadI-
son, received the active aid of Martin Van Bu-
rem, in advancing the election of De Witt Gin
ton, the Presidential candidate of the Federal
party The man who could cooperate with
such party, for such purpose, can scarce
deserve the name of patriot lie is indeed the
proper chief of faction, which denied TO the
people of Mississippi the right to choose their
own representatives in the Legislature OF the
Of the Union.
The name of John Tyler, of Virginia, also,
is presented by the Convention TO the people
of Mississippi, and our sister states, as prop
er candidate for the Office of Vice President
We offer no extended eulogy on his character,
and no act Of his calls for apology or defence.
The honorable post which he has filled, and
the high reputation which he has sustained in
the councils of the Nation, and Of his native
State, are not unknown in any section of Mis-.
sssippi.
The nominees for other offices WILL we pre-
sumo, represent their claims in person We
leave them, therefore, to their own exertIons,
with the passing remark, that the wishes and
interests Of all portions of the State were duly
consulted and laboriously examined, by the
Committee which made those nominations and
that the Convention accepted them with entire
In conclusion, permit us to indulge the hope,
that all who wish we'll to our cause, will give
us their active aid. The decisions of former
years have, indeed, been passing away; and IN
this State, the sceptre seems 10 have departed
from those who so long abused the confidence
of their countrymen. But one victory does not
prove established ascendancy. The friends oil
good government must not relax their efforts,
in the belief that success is easily attalnable--
All that energy and concert can effect, must
be expected OF those who have sinking party
to sustain. And if we fail in the elections Of
mex, November, we will deserve to bear the
reproach of indifference to our country's wei
fare,
Your fellow citizens,
GEORGE WINCHESTER,
L. l.. ACEE,
A. H. DABNEY,
]. NJ SITLER,
J. II. MAUREY,
n GILLESPIE,