The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1840-02-07
From the New Orleans Bee.

From the New Orleans Bee.
The NeD Era, the organ of the ultra loco
focos, in the city Of New York, has at the
head of its columns the following caption,
containing the marrow and substance of the
policy Of the party: "FOr constitutional
treasury, both state and national," (mean-
ing thereby the subtreasury, with the specie
clause,1 ''and AGAINST ALL CHARTERED
BANKs."
This is plain, open dealing. There is no
disguise no deceit in it. However much
the party elsewhere may gloss over and mys-
tify their plans, the end and aim of the adj
ministration is to distress every thing in the
shape Of national circulation, and every
kind Of credit. We are to be brought back
to the barbarism of past ages. The metallic
circulation of federal times is to berestored
The good old ways ofthe Goths and VandaIs
are to prevail, and the glorious examples of
Spain and Turkey initiated. We are to
have no credit, no commerce, no improve
ment, but all things are to be restored to the
happy condition in which they were, when
hard money and autocrats were the only val
ues current.
We are glad that the mask has been
thrown off. The successes which the adj
ministration have been able to achieve dur.
ing the last summer, have emboldened "the
party" to throw away the disguise and ex-
pose the deformity of their features. If the
people fall into the embraces ofloco focoism,
it will not be because it wears a veil ofsil-
yer. They will do SO knowingly and advised
". There is no longer doubt as to the ul-
innate purposes of the party. The state
banks are TO be destroyed, and upon their
ruins the sub-treasury is to be built up, A
general bankrupt law is to be passed, to en-
able the president toeexecute this decree
against the state banks. The very scheme
which the Globe in 1884 denounced as dis
organizing revolutionary and subuersiUe of
the fundamental principles of the govern
ment, is to be fastened upon the country. The
executive is to have all the power which the
coalition Of the Hsword and purse" can con-
fer upon him.
Nor is this project, in its consequences
upon the commerce of the country more
rodious, than as affecting the public liberty.
It is a bold stroke for arbitrary power; for
no people can be safe when the sword and
the purse of the nation are in the hands of
one man. Whatever of impunity they may
enjoy in the management of their concerns,
will resultmore from the gracious indulgence
of the executive than the protecting infu-
ence of the constitution. The leading loco
focos know this, General Jackson himself,
in his message to congress in 1880, express
ly declared that sit is considered against
the genuine Of our free ans titutions to lock
up in Uaults the treasure ftke nation. To
take from the people the right of bearing
arms, and put their weapons of defence in
the hands of standing army, would be
scarcely more dangerous to their liberties
than to permit their government to accumu-
late amounts beyond the supplies necessary
to its legitimate wants. Such a treasure
WOuld doubtless be employed atsOme time,
as It has been in other countries, when OPP
portunity tempted ambition
Let our administration friends ponder well
upon the above declaration of the late pre-
sident. His opinions were wont 10 prevail
with them; and never did he utter truer
sentiment than that just quoted. He has
expressly said, that this sub-treasury is |
against the genius Of our free. institutions,
and that it will add more the power of the |
executive, than would the disarming of the i
people, and placing their weapons in the
hands of standing army; and who will /
gainsay him, when he adds, that stsuch 4
treasure would, doubtless, be employed at
some time, as 1t has been IN other countries
when opportunity tempted ambition" For
those, who regard general Jackson as an able
and honest expounder of national policy,
there is q warning in those brief sentences
which should be needed. Let them not de-
ride their opponents as panic mongers, when
they echo the declarations Of their own or
acless It's remarkable fact, that there is
hardly a public man Of note, who has not
denounced the sub-treasuTy as fTaught with
danger to liberty. The wings hi ever re-
yarded Il ii such light; and general Jack
ION, Marcy, and Others, the leaders of the
ocofoco press, such as the Globe and En-
Iuirer,- declared II. Il is Of late, when
prerogatives were thought ne
essary to sustain their tottering dynasty, b
hattie dominant party resorted toit. Pow
1 Is their only ambition, and to maintain it,
hey are ready to sacrifice the libertiesofths j
copies