Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-11-09

adopt such guards legislative, au3 If necessary.
Institutional, as IS me case 60 several of thc
Safes, as sii prevent the recurrence oC s,m.lar
F disasters
Among ihc questions now beng ag.laied m
Cong ess, tending iol limit The power and cifcu.a-
non OF the Banks, ard to prevent their explosions
ne most lmporiantis TIE independent Treasury
Bill. This blll IS designed to render ihe Nation
al Treasury independent Of the Banks, BY re-.
pealng not only every provision which creates he
Banks deposioues Of the public money. but al.e
by resembling every act requiring The Govern.
'neni e. receive Bius paper "a payment Of lis
dues. u he Government must receive bank pa
pes q can pcy oUi 80 other. and thus be compel.
Cd, - Csc entire extent of the revenue. 10 force
nPon 'he people ahuu.'ly. hreaig. fee millions Of
baHh paprr greatly 10 the profit Of the Bank
but much 60 shs dagger aud injury Of tie Gov.
ernmenl and people. Tie great object Of the
bill Is 10 tuhld tie Government deposiljna IN
Banks OF receiving and circulating her paper,
and requiring Il Ia receive specie only, and 10
cirewai' y ~ all Government payments. Thus,
10 tue amount Of the annual revenue SAY taeu.
y i've millions of dolilrs-thls sum will be year.
y received by the Government IN specie md
PAD oWbJ Il ~ spscis, 50 as to increase, 10 the
extent oil twenty five millions, The circulation Of
gold and nirfr among ME people. The result
val be, that twenty Eve millions viii be pdded 10
the annual circulation Of specie among the peo
Pile, and The same sum sublraeicd from the crc,,.
alton Of bank paper Pdss,ihen the lndrnen.
dent Treasury Bill, and By tie ADDITION Il wlli
make 20 'he circulation Of specie, will restore
this currency to he people, aud aided by proper
State legislation, sill soon terminate The depfgcil-
ted bank paper system, But ycldsc to pass the
| Sob. Treasury Bill, and re.unlle the Government
with The Banks, and the reign Of the paper s,s
ten will be supreme aud eternal. III VAN, hen,
would We legslale at home 10 restore specie
curency,f lis 10 be driven out of the country
by the bank paper system, aud the government
forced to sustain llHs system, by receiving and
dlsbdfsing nothing bul paper noney IN al It's
transactions. Hence TIE strugel, now made by
ihc Banks 10 THIS State against the Sub. freasu.
~ system, aud hence The public call Subscribed
last summer by the five Presidents and Eve Cash
lers Of all the Eve Banks Of Tbs CIV hr NJ.
ftenllss TO oppose my reelection to the Senate
Of the United States. Hence the War now wag-
cd against me with such relentless fury by the
Banks OF Mississippi Hence the lnnumcabls
lalsehoodt now being circulated by their organs,
IN regard 10 my private transactions. Hence The
statement Of my vast alleged indebtedness to tile
Banks-~a statement as utterly fd4e IA their own
miserable promises 10 redeem III all tines all their
notes upon demand IN specie. lam for he peo.
pie, aud against NE Ddaks; and hence the ex.
lraordnary efforts now berry made by lhom 10
defeat my election, concentrating as We have
seen IN Atchez, through the published calls Of all
their Presidents and Cashiers, a banking capital
OF twelve millions Of dollars, 70 eiicctthIs object,
les, u Banks aud sbnplascfs can control the
result, my defeat Is certain; aud fierce is h
struggle OF The Bants--lor 10 most OF them, tbs
question Of M independent Treasury, is a ques.
lion Of llc and death. II The specie c,culdtine
system y adopted by the Government, gold ana
silver must be substituted 10 vast extent in the
transactions Of The people, aud bank paper 50 Gor
be expelled rom Us. But it the paper money
receiving and circulating system IA ndonied b,
the Governments the Banks expect through it,
all 70 continue the reign Of All exclusive pupc
currency, "a drive Tue spetit oft Of the county
and thus palsy lhe etlotts Of the State I.egsla
ipte on this great question, II Ne Sub 1rea,ar,
system IS rdop,cd, tha Government Of the Unitct
STATES VIII be cooperating with that OF the Stue,
, IN angmcmna the circulation of specie, and dt
: mnish'ng % The same extent the paper currency
sc paper money system IS forced upon The
Gc'ernmt IT, and the Banks sustained by It's pow
er, The National Government will be placed it
hostility 70 every State Government Which is op
posed TO the regG OF shmnlasers but let tn
Governments, State and National unite in tn
great work Of restoring The constitutional curren
cy, and il must aud viii be accomplished Isl
not then, mnst extraordinary that, whs, the h,
cessllY Of Bank reform is u last relurtaptly con
ceded, even by some Of our adyersares, II Shout
. still be conIended, thu Legislature must )
: chosen, Aho VIII elects Senator Of the Unite
: States, pledged Ia support the bank paper system
= by requiring the Government TO receive, and ,
: course to circulate baak paps, oaig
Permit me to return through you t. thos
! whom you represent, my sincere thanks iuy the
! kind invitation land accept, gentlcmen, for you
= selves, my most gratplulackuowcdg f1r Il
lndogen confidence expressed ii your letter.
II Very truly, your iiiend,
!, Aud fellow citizen,
Z II. j. w AK Err.
" To Mcssts. G. d. AuGusrus, and others,
~ To lilac enMsRiH hnncQt t,.4xth tnv ~