The Yazoo City Whig and political register. (Yazoo City, Miss.) 183?-1840, 1840-01-24

fore US; not so much in the return of conf.
ldence abroad which will enable tho States
f to borrow more money, as in change OF
public feeling at home, which prompts our
people to pause in their career, and think Of
the means by which debts are to be paid be
fore they are contracted. IL we would es-
cape embarrassment, public and private, we
must cease to run in debt; except for OBJ
Iiects Of necessity, or such as will yield a ceT-
tain return. Let the faith Of the States,
corporations and individuals, already Pied
ged be kept with most punctillous regard.
1t is due to our national character, as well as
TO Justice, that this should on the part of
each, be fixed principle Of conduct. Bot
it behooves us all 10 be more chary in Pied
gingi hereafter. By ceasing to run in debt
and applying the surplus Of our crop and in
comes to the discharge Of existing oblioa-
tons, buying less and selling more, and ma
naging all affairs with strict economy and
frugaliIy, we shall see our country soon re-
cover from temporary depression, arising
not from natural and permanent cause, but
from those have enumerated. and advance
with renewed vigor in her career of prospe-
rity.
Fortunately for Us, at this moment, when
the balance of trade is greatly against us,
and the difficulty of meeting it enhanced by
the present distressed state Of our money,
the bounties of ProvideRce have come TO re-
lieve US from the consequences of past err
rors. A faithful application Of the immense
result of the labors of the last season will
afford partial REELECTION the present, and per-
-, l..
season, accomplish the rest. We have had
full experience, in times past, Of the extra
ordinary results which can, in this respect,
be brought about in a short period, by the
united and well-directed efforts of com
munity like ours. Our surplus, profits, the
energy and industry of our population, and
the wonderful advantages which Providence
has bestowed upon our country, in its eli
mate, its various productions, over other ma
| tons, will in due time afford abundant
means TO perfect the most useful of those OBJ
iects, for which the States have been plung-
ing themselves of late in embarrassment
and debt, without imposing on ourselves or
our children snch fearful burdens.
But let it be indelibly engraved on our
minds that relief is not to be found in expe
dienIs. Indebtedness cannot be lessened
by borrowing more money, or by changing
the form ofdebt The balance of trade is
not 10 be turned in our favor by creating new
demands upon us abroad Our currency
cannot be improved by the creation of new
banks, or more issues from those which now
exst.-Allhough these devices sometimes
appear TO give Temporary relief, they almost
invariably aggravate the evil in the end 1t
is only by retrenchment and reform, by cur
failing public and private expenditures, by
paying ourdebts. and by reforming our bank
ing system, that we are TO expect eiFectual
relief, security for the future; and an endur-
ing prosperity.
In shaping the Institutions, and policy of
the General Government so as to promote,
as far as it can with its limited powers, these
important ends, you may rely on my most
cordial cooperation.
That there should have been. in the pro-
gress Ofrecent events, doubts in many quar-
tiers, and in some a heated opposition TO
every change, cannot surprise us.
Doubts are properly attendant on all re-
form; and it is peculiarly in the nature of
such abuses as we are now encountering, To
seek TO perpetuate their power by means of
the influence they have been permitted to
acquire. 1t is their result, if not their OBJ
ject, TO gain for the few an ascendency over
the many, by securing TO them monopoly
OF the currency,the medium through which
most of the wants OF mankind are supplied
TO produce throughout society chain of
dependence which leads all classes 10 look
to privileged associations for the means of
speculation and extravagance-to nourish,
IN preference 10 the manly virtues that give
dignity TO human nature, a craving desire for
luxurious enjoyment and sudden wealth,
which renders those who seek them depen-
dent on those who supply them-to substi-
tute forrepubliCan simplicity and economical
habits, sckly appetite for efeminate indul-
gence, and an imitation of the reckless ex-
travagance which impoverished ensaved the
industrious people of foreign lands; and at
last, TO fix upon us, instead of those equal
political rights, the acquisition of which was
alike the object and supposed reward ofour
revolutionary struggle, a system of exclu-
sive privileges conferred by partial legisla-
tion-to remove the influences which had
thus gradually grown up among us-to de-
prive them of their deceptive advantages
to test them by the light ofwisdom and truth
Ito oppose the force which they coucen-
trate in their support--all this was nocessa-
rily the work of time, even among people
so enlightened and pure as that of the Uni
ted States. In most other countries, per-
naps, it could only be accomplished through
The seHeso fFevolutionary movements, which
ire too often found necessary 10 effect any
great and radical reform but it is the crown
ng mark ofouF institutions, that they create
md nourish in the vast majority of our peo-
lie, disposition and power peacefully 10
emedy abuses which have elsewhere caus-
ID the effuson ofriyers of blood, and the
acrifce of thousands of human beings.
The result, thus far, is most honorable TO
.,lclon.o1 al \ II