Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-09-28


Fellow citizens, the disease aud the remedy OF
our local currency hes in State legislation. We
have already shown from the history of the past,
that National Bank cannot cue the vices 9th
State banks this must be effected by system OF
sound legislation on the part Of tho States With
out which We shall have deprecated currency
despite the existence Of II National Bank for II
is pretended by no one that such an institution can
furnish more than IA fraction OF the general CIR
culaling medium. With you then II rests TO elect
men to the Legislature who will 90 for deep and
thorough reform of The banking institutions OF the
State, which have so long plundered il by their
worthless, deprecated issues OF paper money.
The whlg party in this State have affected to
| deny beng tho authors Of the multiplication OF
bank charters. This were a difficult task unless
| they could blo their names and votes from lht
| Journals Of the Legislature. The votes have
! been published aud prove nconestbly tina, iht
great body OF the wing party supported The banS'
aud bank measures, while they rs invariably prove
that the great mass OF the democratic member
went against these charters aud shlnplaster opera
tons. Exceptions there were on both SIDES, bu
II appears beyond controversy that very SINAI
portion of the democrats acting with the great ma
jouy Of this whgpauy, have produced the vo'
number Of banks IN this State. They who vi
take the trouble of examining the journals sine
1885, Will Itain that on an average, the propo
ton OF wings voting for the banks IS about two
one more than democrats, and that the ayerag
OF democrats voting against bank charters rs
| OF wings. Besides, is il not fresh IN the rcco
lection OF the whole country, that not SIX mont
since the Wigs we've dcnounclng the democrat
: party as agrauans, because Of their opposition
the banks and bank charters Yet the WI
:, party, like an unnatural parent, now attempt
y dsayow their own offspring. Its too late III
climate, scutvy, and lll,iumed as the bantlng
7 they must Ialherit; the marks Of whig pateTnl
= are too strongly written upon the lneamenls oil
v counienance 10 leave any doubt Of the authors
a its existence.
!" Without denying that they have voted uniIorI
- ly for bank charters, the wings essay TO shu
:, from all responsibility, by alleging that they We
" not in the majority when these charters were pa
:" ed. 10 other words they admit their own wror
&c but attempt TO excuse their wickedneSs by I
" plea oil political infancy, holding up the democr'
T as their guardians. As democrats, we declI
tho wurdship, and leave the responsibility where
" belongs Had the wings voted against the ban
" with half the uniformity of the democratic par
the State would not now be afflicted with the CIV
rs ol deprecated currency.
w Unfortunately for the denial OF the responslb
=" ~ on the part Of out opponents, they had the II
~ lorly a, the las, session in the House OF Rep
senauves, where originated and passed series
e. sh,nplaster measures, which would have result
es in the utter extinction Of every interest of I
W. people, had not those measures been resisted
no the veto power Of the Governor The attempt
I'D the wings 10 deny that they have been, and
M now, tue jealous advocates Of banks, is m
ne shallow subleriuge too weak TO impose upon
S. portion OF the intelligent population Of thus Sta
Ii the wings are opposed 10 unsound banking, v
nd do they not join heart and hand IN the correct
ms, OF ITS evils. The reason is obylous--the lead
asst OF the wing party in this State are, very genera
identified with the banks as stockholders and
ten rectors, and are therefore Interested IN keeping
md the present state OF things. II is their harv
to aud no efficient aid in remedying the curlenc,
,ed to be anticipated from that quarter.
of Democrats, with you exclusively rests
Iey great work OF reforming the currency; it is to
pns hoped you viii not take the hollow pledges Of
ent pouents. but wIll unite on men OF your own
md timenis and principles. Il is to be hoped
nst patriotism Niil prevail over Inc selfish aubuol
N individuals and that your strength vii not