Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-10-05
From the Mississippi Free Trader
To the People Of the Stale of Mis-
siSSippi.

Iron Tie MISSISSIPPI I Zee ITddeT'
IN the People of the Stale of Mis-
sissippi.
IA a recent speech of Mr.. Prentiss, my com
.,,lor for the Senate of the United States, he has
bought proper to charge me with change of po-
r,ion on the currency question. II all this we're
!, correct, as it shall be proved TO be utterly iala-
,op,, il should have no effect upon the present
,,nyass The true question IS, what are the
rev. and opinions Of the candidates al this period
md that Mr. Prenliss is now the advocate Of
I Ranks. State aud National, and that am their
opponent. il beyond dispute. As, however, with
Oh any aggression on my part, Mr. PrentSs has
sscome my aSsailan', and appears to rest his
homes of success, no so much upon his own views
nmrrits, as upon the supposed inconsistency OF
be adversary, will re-examlne that question, al
hough il il the same made against me IN ls34-5,
md then decided riumphan,Iy IN my favor by my
,lec,lon to the Senate of the Unled States. The
charge is founded chiefly on my letter to Judge
Rack, Of the LIST Of March, 1884. Now, does
ibai letter prove that | was IN favor Of re- charter
lnp the Bank Of the United States, or OF eslab-
fishing any similar nstitutonl Does II shew
syen that | favored the creation by Congress OF
any Rank whatever 1t exhibits no such proof.
II shew, tha, was opposed in 1884, as now au
10 The State Bank deposite system--that the peo-
ME Of Mississippi were, in my opinion, opposed
,ot--and that Judge Black ought to ego on IN
resishnp ia adonion. The letter shews my belief,
,ha, the proposed State Bank system would iaI,
and tina, rs an alternative 10 that system, was
then in favor OF "crsqtng bauk to supply gen
oral currency" but by whom this Bank was to be
created, whether by Congress, or by union Of
.rew Of the States, as in the case Of the Charles
ton Bank, or Of majority Of the States, the letter
is utterly silent. But here | admit, that as an
alternative to the State Bunk project, wa. then
in favor of creating by Congress such Bank,
yith some notifications, as had been recommend
ed BY General jackson in his veto and preceding
messages, and also by Mr.. Jefferson, under the
name Of Bank, in his letter TO Mr. Gnaln Of
the 18th Of December. 1903. In his veto mes
sage Of 1892, General jackson says "Ihat
Bank Of the United Suites, competent TO all The
duties which may be required by the Government,
might be so organized as not to infringe on our
osn delegated powers, or the reserved rights Of
the States, | do not entertain doubt In his
message Of December 7,h, 1885, Gen. Jackson
Declares "lt becomes US to inquire, whether II be
not possible 10 secure the advantages afforded by
tue present Bank, through the agency Of Bank
the United States, so modified in rs principles
and structure, as to obviae constitutional end
other objections. II is thought practicable TO or
game such Bank, with the necessary officers,
asa branch Of the Treasury Department, based
on the public and individual deposites, without
In lo lnap
which shall remit the funds Of the government,
and the expenses Of which may be paid, If thought
advisable, by allowing its officers to sell bills Of
exchange to private individuals, at a moderate
premium. Not beng corporate body, having
no stockholders, debtors or properly and but few
officers, II would not be obnoxious to the consiiu-
honal objections which are urged against the pre-
sent BANK and having no means To operate on
zoe hopes' Tears, or interests or large masses OF
Me community it would be shorn Of the influence
which makes thai Bank formidable"
In Mr.. Jelierson's letter to Mr.. Gallalin of the
18Th December, 1853, he says -
This institution "a Bank of the L. States is
ono OF the most deadly hostility existing, against
Zoe principles and form Of our constitution. The
na''onlS, at this time. SO strong and united in It's
senliments, that il cannot be shaken at this mo-
menl But suppose series OF unowaTd events
should occur, sufficient to bring into doubt The
competency Of republican government to meet
cLss OF great danger. 10 unhinge the confidence
? The people IN the public funclionarIes an nsll-
'lIon like this, penetrating BY It's branches every
plrt OF the Uuon, acting by command and IN
Paa'anx may, in critical moment, upset the 60
'erhment. ! deem no government safe which is
under the yassalage Of any sell-consuted author
Ne'' or any other authority than that OF the ma.
uon, or lis regular funcllnnaries. What an OBJ
S'ruclIon could not this Bank OF the United States
WIN all ITS branches, be in time OF war II
might dictate 10 Us the peace we should accept. or
"lhdraW lis aid. Ought we then 10 give further
growth to an institution powerful, so hostile
Ana' I'll so hostile, We know. From know
eose OF the principles of the persons composing
we body of directors in every Bank, principal or
e'anch, aid Of those Of most OF the Stockholders,
= FROM their oppositAp TO the measures and
principles Of the Government, aud 10 the election
VI hose friendly to ihem--and 3. From the sen
anehts of the newspapers they support. Now,
"'dle we are strong, II Is the greatest duty sc eve
;" me safety Of our conslnutieu, 10 unng this poa
'''a' enemy TO perfect subordnailon under us
au'aoriiles. The first measure would be 10 re-
'oce them 10 an equal footing only With other