Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1840-10-07


prehension, noiust policy in its leading
measures. We look upon its aban-
donment of the currency as fatal, and
we regard its system Of sub-treasuries
as but poor device to avoid high OBJ
legation, or as the first in a new series
of ruthless experiments. We believe
its professions in favor of hard
money currency to be insecure be-
cause we do not believe that any per-
son of common information and ordi-
nary understanding can suppose that
the use Of paper, as circulating medl-
UNI, will be discontinued, even if such
discontinuance were desirable, unless
the government shall break down the
acknowledged authority of the State
Government to establish banks. We
believe the cIamor against State Banks,
State bonds, and State credits, to have
been raised by the friends of the adj
ministration to divert public attention
from It's own misnianagement, and to
throw on others the consequences OF
its own misconduct. We heard moth
ing of all this in the early part Of Gen.
Jackson's administration, nor until his
measures had brought the currency OF
the country into the utmost disorder.
We know that in times past the pre-
sent Chief Magistrate, OF all men, had
the most to do with the systems OF State
Banks, the most faith in their useful
! ness, and no very severely chastened
desire to profit by their influence. We
believe that the purpose of exercising
a money influence over the communl-
ty has never departed from the admin
| istration. What it could not accom-
plish by an attempt to bend the Bank
| ofthe United States to its purposes,
| we believe it was sought and now seeks
to effect by its project ofthe Sub-treas-
ury. We believe, that in order to
maintain the principles upon which the
system of the Sub-Treasury is found
ed, the friends Of the administration
have been led to espouse opinions de-
structive of the internal commerce OF
the country, paralyzing to its whole
| industry, tending to sinki its labor, both
| in price and in character, to the degra-
ded standard of the uniformed, the lg-
norant, the suffering labor of the worst
parts of Europe. Led by the same
necessity, or pursuing the same principle
still further, and with kind of revolu.
lionary rapidly, we have seen the
rights of property not only assailed, bu
t denied-the boldest aglarian notions
put forth-the power Of transmission
: from father to son openly denounced
the right of one to participate in thu
; earnings of another, to the rejection o
: the natural claims of his own children
asserted as fundamental principle c
the new democracy ; land all this b
t those who are in the pay of Govern
: ment, receiving large salaries, an
whose offices would be nearly sine
cures but for the labor performed i
g the attempt to give currency to thes
d principles and these opinions
# We believe that the general tone
> the measure of the administration, tn
) manner in which it confers favors, i
# apparent preference for partisans ofe1
d IRENE opinions, and the readiness wit
r whish it bestows its confidence on til
F. boldest and most violent, are produt
IS ing serious injuries upon the politi
at morals and general sentiments OF IL
Iy country.
n We believe the conduct Of the al
Id ministration respecting the public re
es enue to be highly reprehensible.
st has expended twenty millions, pr
viously accumulated, besides all l
lg accruing income, since it came In
he power; and there seems at this nome
es to be no doubt, but that it will leave
lst its successors a public debt of fire.
ep five to ten millions of dollars. 1t h
n shrunk from its properresponsibilitl'
e- With the immediate prospect OF
lat empty treasury, it has yet not had ma
ed illness to recommend to Congress a
,er adequate provision. 1t has constan
rel spoken of the excess of receipts o1
ID expenditures, until this excess has
to Gally manifested itself in an absoll
IN. necessity for loans, sand in pow
he conferred on the President, altoget
er- new, and in our judgement hostile
ed the whole spirit Of the Constitute
al to meet the event of want of resourc
nd by Withholding, out of certain class
ich of appropriations made by Congre
sh- such as he chooses to think may
CT best spared. 1t lives by shifts q
Bile contriVances, by shallow articles,
his delusive names, by what is called 8
zen cilities,' and the "excnange of Ire
ex- ury notes for specie" while in trut
the has been fast contracting public d
ted in the midst ofall its boasting, with
er- daring to lay the plain and naked tr
,eir of the case before the people.
We protest against the conduc
on. the House of Representatives in
his case of the New Jersey election. 1
asst, is not a local, but a general quest
the In the Union Of the States, on WI
-