Madison Whig advocate. [volume] (Canton, Miss.) 1839-1841, 1840-06-27
JouN TyLIn, Of ."


adk WIZ ". tL.t
former number of our paper iha. t''t
NcNuu had, by proclamation ri4ta
several Of tho Banks ~ lo- s@'c.a
Thiswns done Ia compliance @.lha7ao'o.
the Legislature, and, as VIC conceive 'wa'|
nosr proper $tes4eaihssl4ssa.&5fs.
in the State arc and always have been e
curse to tho community They deserve
death, ond our hope is that those Of them
which have been executed, may know no
flight 81 the Tomb" Fdiy We believe
to be the feeling O The Wing party
throughout The State, and why is il that
Wing editors, for the purpose Of snarl-
ing at Gov McNutt, will condemn an act
required by law, and manifestIy propor'
Such course often mseads the minds Of
men, aud affords TO our opponents a pre-
text for charging upon the Wing party
the advocacy Of that ruinous hallucna-
ton Of Gen. Jackson--tho State Bank
system.
When President Jackson removed the
deposites to the State Banks and called
upon them to expand their circulation,
money became neutrality-suspicious.
ran high, and every three men wanted a
Bank. The cry for Banks, Banks Banks,
was heard from every county, neighbor-
hood, hole and corner in the State even
old Indian Billy, a Choctow acquaint-
ance Of ours, once called upon us as a
lawyer-having understood that lawyers
managed all such matters, 10 procure
him a Bank He said that tho white
men had Bank at Carthuge--a Bank
ut Thomastown, and that Hays was go
ing to have Bank at "Hopockan Sand
by dam my soul, hell, me want one bank
toom The Bank mania was universal
the hogs rooted and the cows grazed in
larger droves rhan usual, Tnttratiugius
was thought by some, a disposition to
make "ioint concern OF it.n Men could
not ride along 2 road with any comfort
unless it had banking privileges, aud nc
dicinal waters were wholly inelhcaciou'
unless backed by bank, This wild de
size was confined TO 10 political party
any more than the yellow fever or tn
cholera, and although President Jaeksot
is primarilyIblameable Cor the expansio
of the State Banks and their consequer
ruin, yet the blame Of creating an outr'
geous number Of iasolYent swlndIin
shops in this State attaches with equt
forco 10 both parties,
After some time however, the loco {
cos concluded they would have no ban
whatever. Here they and the VIII
took issue The Wings said we mt
have banks, or tho country could I
prosper; the loco (ocos preached Of q
and silver The Wings contendedfo
National Bank, aud a few State Bar
that would at all times pay specie uE
their issues, and not for the suspend
rotten concerns with which the st
IS at present cursed. The quest
should not be, nor is it, between the I
parties, who is blameable for the Great
of the present shaving shops through
the country, nor which is best, the pl
ent banks or no banks at all. But
question is, shall we nave good bar
with proper restrictions, that will, VIII
ever demand is made, redeem their
sues in gold and silver or shall
country come down to a specie stand
and destroy all Banks9 The Wings
vocate the propriety and necessity
Banks the loco locos the reverse,
the gold and silver currency.
These are the questions, and the wi
'-"''-'."e ggscyysysss sserrr .,.s
prescn, Banks OF the State, and pre-
against any blame attaching 10 them
the present dcronged state Of the
rency nel the loco fecos charge i
the "hies ihe desire 10 sustain The b;
sat present situated, and Wing ed
give eoanienaHee TO Il by eondem
every effort 10 Top OH some Of these
sss-csssss, because made b. loe
CO. This IS wrong, morally, and /
nis;s, - fs'isy. .s-st abs cgTc