Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1840-02-15

Nca.s faase o tr D,uacu.r parF a.a a-e
pt'ssf 'a fas people go T...rm a4s Sat- Dfa-e-a-
cF--ff.dFm uHT Stale IHsIiuIIus-i0 check J.a
bDf are eiea ..aflr4 winding sri ihesrrv RHrh
'i'cs 1ellt our ,auIs sEl c.r-s lHshVgeI 90 fls-
ice. We sitoH.I deem o. grre 4ai o. pare in ar-
leuiaiiEe any ba4sIug institution n the State, Bee
Aevlng there are blt o. ..a 5uI iar uiNeeH Ike ar
eeis 'isit that have honesty upon their EIDE u l.s
contest.
We ask, wIere age ,la-l ta..rsB Champion r.
'ie peoples rClt--wh1 80 u.trsf Yts up as Csc
eKp"undef- Of lle C1H,liutFu Where are tirsc
guardians 81 tIe widow 3 ugtt---ahefe We ash are
'he preserves Of ihe orphans miie-echa sEsWers
where. Are they BESIDE ti0se who are dong battle
~ NE great cause 81 bank rciofu--are they beside
those Whn are wiling 10 WASH out he drmuny b.ot
upon ihe e-cuirhlous OF our Siaie--are they bat
ilng with those who are now doing tie work that
viii exhibit to The world a scene liberated cor-up-
llpn, before unknown IA the history Of nations and
which Is more deadly 10 TIE body pa.ii,c than lie
m'asma 81 the iabrd upas tree. No their sense
OF discrimination Is boo refined ior modern ieg.s,a-
ion-tbcY are century ahead ol the present ape
they have dealt 10 the mysteries Of the political al.
tlyini-faHt have discovered IN The hnro,cnpe of
State legislation That there were constitutional OBJ
Fctons against the repeal OF political institutions
which are daily sappiDg Tue resources of the State.
We wal loDk Al lhe system against lhc repea, OF
which constitutional objections are raised a bar
uor by certain tender tuuled democrats.
The great change which has taken place in tie
last three years N The money value Of properly zen
orally, has had the effect of filing with d.slnay
every one Whose capital vas not 10 gold gnd SILVER
OF capital which never nuctuatcs. Many who
purchased the public duUain at moderate prce
now Ind thai they have been spectators and DC, p
ones tuo--Some no doubt Saw tie laa result Of tie
course they were pursuing While others were.lnl-
ware ol exposure 10 unusual ha yard much Iesgihat
game was beng played with Their property the
stakes OF which would swallow ell ihcF means of
subsistence. Those who by lucky cast cf The dye
nave saved any thing from tho wreck look natural
" 70 the future with much anKieiy--what proper
y cas they Ibnk stable and solid when every thing
seems shifting and sinking around them That
when hey bold 10 dry for adglt they knaw, which
y The idinre BE- Ike 'hc past, may be doubled 10 val
We, or diminished one half the day following This
state %! fear aud unceralnty is highly injurious to
large class 81 PROJECTORS, who feel the effects
deeply and fatally many ofthcm. The circumstan-
ctA 1871 altogether so remarkable and 50 fatal that
though we wish To pass over the purgcht topics, we
wusi stay moment and contemplate The objects
winch result TO the community who reside IN yIcu.
itles where such luctuatiUn occurs great and
sudden iali ~ prices, necessarily occasions deep
and extensive eaiamity--an outline Of The dimen-
son OF such pubic evils may perhaps be traced by
The an Of numbers, but the gost active ina ginaton
could not trace on, the results, and hollow ont The
detais aud SD up the picture of private and iudt-
vd0a happiness destroyed which are the effects oI
Tho ultimate results Tie sudden ial Of FIVE per
cent % previous stable market would consgu
thousands a. RUN toe there are always arpe class
upon the brink Of H. Ten per cent. increase the
rum fifty fold, and often brings into It's vortex great
numbers who thought themselves ont Of reach nl
luctnltons What effect then must the widening
circles OF thirty iartY sixty aud ninety per cent
have upon the direct or indirect money engage
uents OF The two classes Of men, vino are consti-
cred orr business men. Why ls certain aud dl-
rect consequences s 10 enrich thu stock iobber, and
tmpovctst the smaller class, and % plunge the lar
gcr portion Of an honest community into poverty
and distress. This is The process which has been
permitted to take place IN this Stae, Banks have
been permitted 10 expand their circulation to enor-
nous amounts and Then cry down the value Of their
plper--and IN one instance have the directory ofan
institution; which was established for the benefit ui
the poor man, $50 say the tender and aitctuna'e
dcmocratsl lakcn their paper from heir vaults and
PIT It into ejaculation at ten cents N the dollar.
What the dfaoacmcat OF these mnumtnho swind-
ling Establishments will be- remains Yeti be seen.
Where shah we find remedy Tor these evils but in
legislative action