Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1839-05-25
SENATOR WALKERS LETTER.

SENATOR WALKERS LETTER.
We publish to-day very able and interesting
letter from the Hon. RosERT J. WAIVER, in re-
ply to an invitation 10 attend public dinner
which was rendered him in Nntche1. II is devo.
ted principally to the subject Of the Currency.
The views presented upon this subject are clear
and convincing; they possess also the high merit
Of being in a great measure original Mr.. Wal
ker says, and says huly, that the great question
at issue in relation TO the currency "iS between
those who are in favor Of, and those who are op.
posed to- an extended circulation OF bank paper
as the permanent settled policy of the County,
This question: so Interesting to all, he discusses
IN most able and lucid manner. lie shows
that the great lndebtness of our citizens, aud the
| embauassments under which they are labolng
are all owing to the great expansion Of our paper
f! circulation, aud its consequent depreciation.
lie points out the policy and necess ty of restrict
lng this circulation, and abolishing all paper is.
sues under $50. He states the following as the
best means of restoring the prosperity of the state,
and establishing II upon a permanent basis
lst. To increase the nett profits of Cotton
planting by dIscouraging an expanded circulation.
2nd. To oppose the creation of any Bank of
the United States, or tho creation of any new
banking institution Of any description.
3rd, To abolish, after the lapse of reasona.
BILE period, the circulation here of all bank paper
of denomination Of notes less than twenty dol.
lars
4lh To arrest altogether after the present year
all further issues Of post notes, and to have after
that period, no other bank paper circulation
than limited one, at all times really redeemabe
upon demand in specie
9th. To encourage by all fair and constitu.
ional means, the establishment of direct trade
from our own ports with Europe, in imports and
exports.
9th 10 cheaper tho means Of transporting
The crops of our planters to market and their re-
turn supplies, by encouraging the construction
OF our rail roads and the removal of obstric-
ions III all our navgable streams.
All these heads he takes up separately, and
presents lorcible and conclusive arguments in
their support. There is a remarkable coinci.
dence IN some of his views with those of our pre.
sent able Chief magistrate, Gov. McNUTT.
II the people of the State are wise, they will
adopt his suggestions. In order to do so, they
should elect no man to represent them in the
Legislature, who will not pledge himself TO go
Tor bank reform, and against the charttrinc of
more banks. The letter is interesting through
out, and we need scarcely bespoak for it an at
enye perusal. II has already been called for
by many our readers, and we take the utmost
pleasure in complying with their request, and
aging II before the nublic.
We are sorry that Mr. Walker has determined
o decline being candidate for reelection. Ills
services in the U. s. Senate are invaluable, and
We hope, should his health be completely restored
hat he will alter this determination the people
viii demand it Of him. His re election is abSo-
utely certain, if he viii run. To use the Ian.
1uaCe of the Mississippian, THE democracy of
Mississippi will excuse him for no reason but that
ha, OF III health. Should he be perfectly recov.
Fred by the close of the present year, the demo-
cratic party will insist upon his reelection They
will not be disposed to lose the services of one
who has served The country so faithfully, and with
so much ability, unless he has a strong personal
reason for retiring, which cannot yield even to the
public good. There is no man in the State
whom the people would prefers and that the dem.
ocratic party are now invincbe in the State il
apparent to all The conviction has now fasten.
ed itself upon the wings, and they already look
appalled, and pale at anticipated defeat. They
see the writing on the wall"
Robbery Of The Express .Noii.-Wc learn
from the Nashville Union that the Express Mail
was robbed few days since, near Murfreosboro,
Ten, and letters taken out of the mail bag, con.
tanning checks and bills 10 very large amount
between one and two hundred thousand dollars.
Gill, the Express rider, has been discovered 10
be the robber; he has been arrested, and dnly |
committed tor trial. All the money is stated to
have been recovered.
LIE Bowie KNIFE, recently started at Gre.
NADIA by Messrs Smith & Need, has been discon.
nued' twill be succeeded by the Southern
Reporter which will be edited solely by VIM.
Need, Esq. and will be devoted to the suppon
81 Gov' MNuu and the principles of democra.
~ Mr. Need is an able and spirited writer, and
"'ll no doubt do the cause great service. He
possesses every qualification requisite in an Ed.
'or--talent, industry, and thorough knowledge