Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1840-10-03

happened, aud | find that OF the numbers 81 ali /
ages living at one moment, half will be dead IN |
twenty -four wears and eight months. But lleaV'
iug out minors, who have notthe power Of sell
government OF The adults (oft~entY -one years /
Of age living at one momeni,a majority ct whom |
act tot the society, enc half wall he dead an egh |
teen years and eight months. At nineteen years |
then from the date ola contract the majority 81 |
the contractors are dead, and their contract With |
them. Let this general theory be applied 10 a
particular case. Suppose the annual births OF The
State OF New York to be twenty three thousand
nine hundred aud ninety four the whole number
ofns inhabitants, according to Button. will be SIX
hundred and seventeen thousand seven handled
and three, OF al ages, Oflhese there would con.
slantly be two hundred and sxty-u,ne thousand
two hundred and elghy-sN minors, and three
bundled and .iouy.e,ght thousand four hundred
aud seventeen adults of Which last. one hundred
and seventy Tour thousand two hundred and nine
will be majority. Suppose that maIorIIy,on the
first day of the year 1874, had borrowed a sum
Of money equal to the fee SIMPLE value of the
State, and to have consumed It IN eating, drinking
aud making merry IN their day or, II YOU please
IN quauellug and fighting with ,heu unoiiendng
uclghbors Within eighteen years and eight
months, one hall of the adult citizens Setc dead.
| Fill then, being the majority they might rlghtluy
/ levy the interest of their debt annually on them
selves and their fellow jewellers, or fellow cham
| pons. But at that period, say nj this moment, a
new majority have come into place, ~ their own
! right, and not under the rights, the conditions, OF
| laws Of their predecessors Are they bound 10
acknowledge the debt, TO consider the preceding
generation as having had right to eat up the
whole soil of their country in the course OF a life,
to ALLEVIATE It from them for It would be an alien.
alton to the creditors and would they think them
selves either legally or morally bound to give u
their country, and omlglulo to another ioi subs's
tencel Every one will say no thai the SOIL IS the
gift Of God 10 the living, rs much as II had been
to the deceased generation, aud that the laws o
nature impose 30 obligation on them TO pay lbl'
debt Aud although like some other naturalnght
this has not yet entered into any declaration o
rights, ii is 10 less n law, and ought TO be acie'
on by honest governments.
The advocates Of M exclusive metallic cur
reucy" are grayely told by the modem wings
that such an idea us "a hard money currency !
chnercal-u "humbug' an utopnu idea tina
could alone have vegtlaled IN the blain of Ton
Benton" This wholesale Remuneration is gen
emlIy followed by The assertion that IT HERR
Is NOT GOLD AND SILVER ENOUGH
IN THE WORLD TO FURNISH A CUR
: RENCY FOR THE UNITED STATES,
! THIS j. uttered with such an air OF authority an
5 triumph as to impress those who have bosiowc
little thought upon the subject with belief, TIA
e such wing assertions are based on truth. But IIk
many other statements emanatlng from leadn
wings, the above will be found on examination
be alike vod Of fact and Of truth
To Mr.. Benton much credit is due for the mar
~ and patriotic stand he has taken against III
alarming nroads Of bankers on the rights and Il
critics Of the people, IN nssummng this posltlo
he Of course warned against the whole bonkln
system. To Mr. Benton, however, the cred
Is moi due of discovering the dangers oflhe ban,
ING system, or the benefits which would flow iron
an exclusive metallic cuuency this is due to tw
Of the greatest men tao world has ever produced
VIZ George Washington, and Thomas Jefferson
IN support Of this assertion, We submit the io'
owig letter of the father Of his county 10 Ser
( aior IN the Maryland Legislature, to be found
Sparks hle Of Washington.
-, MoUNT NTRNoS.
DIAN SIR. Your favor oflhe 30lh uimo cam
duly to hand, To give an opinion IN case {
: so much importance as that which has warml
agaled the two branches Of the Legislature, an
which from the appeal that is made, Is llkcI
Z 10 create great and perhaps dangerous divisions
is ratbera delicate matter: but as this divers
" Of opinion is on a subject which has, b,
> Ileye, occupied the the mlnds Of most men, an
as my sentiments thereon hive been fully aud d.
: cdediy expressed long before the Assembly ell
er IN Maryland or this State was convened, d
no! scrupo to declare, that if had voice
j your legislature, II would have been gwen dec
, dedy NJ INST paper em'ssIon upon the PRIME
pies Of rs utility as representative, and the ~
esslly Of II as a medium.
, To assign reasons (of this would be as unnt
! cessary as tedious. The ground has been so oile
!. ltod that place hardly remains untouched. !
a word the necessity arising from want OF spe
:, Gle IS represented as greater than II really Is.
: contend It is by the substance, not with a sbado'
Of tning, We are benefited! The wisdom {
+ man, IN my humble opinion, cannot at this TN
:, devise a plan by which the credit q! our pape
! money would be long supported, consequent
i depreciation keeps pace with the quantity OIL Ih
emission and articles for which II ~ exchange
n rlsc IN gfealer ratio than the sinking value ct til
, money. Wherein, then, IS tie farmer, the plan
ter, he artisan, benefited The debtor may b.
;, because, as have observed be gives the shado'
! IN lieu Of the substance, and IN proportion 10 hl
1, gam the creditor OF the body polite suffers
Whether il be legal tender or not 1t will a
. has been observed very truly, leave no alternative
1t must be that or nothing. An evil equally grea
. is, the door II opens Immediately for speculation
r by which the least designing and perhaps mos
j.. valuable part Of the community are Preyed uPo
:. by tue more knowing and crafty speculators.
; But contrary to my opinions and declaration,
am offering reasons TO support my opinion: rea
sons too, which Of oil Others are least pleasing Il
: the advocates Of papet money. ! shall iheroioT
! only observe generally, that SO many people haY
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