Lexington union. (Lexington, Miss.) 1838-18??, 1839-07-13

. large surplus revenue into The banks 70 oe
loaned upon, the same consequences VIII
BE- attendant. The accumulation ola pup
lie revenue derived from customs is no ev-
idence Of national weaIlh--it only proves
the fact that the amount Of surplus has
been extracted from The pockets o. ne
people and placed at the disposal OF me
Government. That system which VIII
leave The money in the hands Of the pco-
pie and prevent the accumulation o. =
large surplus, is the best. Had the pubic
revenues been locked up in the Treasury,
Or even placed in the banks as a special de-
posiie, not to be loaned upon, but kept
there until wantedforthe ordinary expenses
Of Government, what would have been the
consequence in 1885, after the final extin-
ouishmentofthe national debt? answer
the accumulation Of such a'surplus as
was on the first Of January, 1897, would
have been avoided--the initiation Of cur
renew which occurred in '35 and ~,
would have been avoided, as well as the
bankruptcy and ruin which followed IN '3I
This would have been the effect. Before
there could have been Withdrawn from
the channclsin which it had been flowing,
eight or even FIVE millions Of dollars, and
locked up ia the Treasury, il would have
produced asensa,on inthe currency-the
banks would have stopped their mad car
eer, and importations would have been
checked in time. The banks would not have
had forty millions Of the public revenue
to loan upon, producing thereby this rum
ons imitation Of the currency; the deeds OF
former owners would still have covered
the thousands OF city and village lois In
stead OF the mortgages Of the new ones
there would not have been Withdrawn from
the mercantile channels fifteen ofstWenly
millions of dollars, and paid out for vacant
paranie lands ON speculation--the manu-.
factories Of the country would not nave
been stopped, and the raw material left on
the hands of the producer without mar
ket. This was not the case in our State
but It was in others. No specie circular
would have been necessary, requiring
coin TO be paid by SPECTATORS in public
lands-lhere would have been no necessity
for the distribution law, because there
would have been no considerable surplus
revenue. In fine, the excuses 1895 and
$50 and the consequent distress Of ~ and
'3S would have been avoided.
The revenues want uniformity--the
commercial concerns of the country and
currency want stability; and no act Of the
Government, in my humble opinion, would
tend so much to that uniformity and sta.
biity, as to keep the revenues Of the
country from going into the commercial
channels in the shape of bank loans.
ask you Mr.. Editor, are my doctrines
democratic? If they are not am no dom
ocrat.
Fearing that some may yet be dissatis
fed, / will give them one other item Q
proof, which l think will be conclusive
Some three weeks after l became can
didatc in 1886. and issued the circular
from which | have given an extract, DIR
Roberts and myself being then, Cat tn
date Of the circular the only democratic
candidates, third democrat came out.
was then satisfied that il the whole thre'
run the case was hopeless, and delat wa
certain. In order that the party nigh
have fair chance Of success, ! declined
and published the following card, wich
think will show Of which l was most desir
Gus, my own promotion, or that OF IN
cause Of democracy.
Z 70 The people Of Kinds County,
.Fellow citizens: Some time sine
nv name was placed before you as can
ldidate TO fill one Of the vacancies whIc
have occurred in our representation IN In
Legislature, since the adjournment Of III
last session.
g AT the time Of my announcement
knew Of but one candidate Of the demo
Icratic party before the people; and belies
ling that ttl6 CilduCC Vi 1uNSCoo Wouio "
lequal, if there were an equal number {
lcandidates on each side. and having a
doubt that there would be atleast as man
candidates Of the opposition as there wer
vacancies TO fill, ] consented to rur
ISince that time, however, third cand
ldate Of The democratic.or Yam Buren, part,
liz VIM nInase. has come out. which Wo,,lf
liz all were to run, render defeat certain
to prevent which l,have declined my pre-
tensions, neither Of the other candidate
Of the party being Gas have understood
willing to do SO.
) To those who kindly solicited me /
become candidate, and who have bee
using every exerilon TO promote my cleo
i tiop, | have TO say, by way Of apology fd
J |my present course, that | ,riH sacrifice III
political interest and prospects, If Thar
l 1nu rnsber than he cnuSe arhicb L0y