Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1840-07-21
WHERE is THE SPECIE?

all Of whom profess also to be Democrats. |
WHERE is THE SPECIE?
The above is proposed as text, upon
which to predicate few remarks in the
present article. When Gen. Jackson be-
gun the crusade against the Bank of the
United States, and the destruction ofthat
institution became inevitable, his words
were that the State and local banks would
afford "better currency" notwithstand-
ing the currency we then had was the
best the world ever saw, made up of pa
per, current in any section of this country
and in all the nations of Europe, and gold
and silver in plentiful abundance: This
was the state of affairs as late as the year
1886, about which time the last of the pa
per furnished by the Bank of the United
States, was called in, and the country
thrown entirely upon, and not until then,
the shelter currency" of Gen. Jackson to
be furnished by the local institutions.
These institutions stepped forward to
receive the weight hitherto sustained by
the United States Bank, when, no sooner
did it touch their shoulders than they in
stantly sunk down beneath the ponderous
load and were crushed TO the disgrace o.
the Architect and ruin of the country. L
was an awful crisis.
The slender prop which had been sub
stituted for the gigantic PILLAR, had glver
way, and towering edifce was dashed tc
atoms, with the tens of thousands of being
that CHANGED to be in its way. ] he scene
that followed, is fresh in the minds of all
Since then we have had nothing but dis
: tress and lamentation so that were a
: to go shrouded in mourning that have ex
/. perienced affection, the whole countr.
! would be clad in deep black.
!, Where is the Specie?-The system {
Il State Banks having failed to give "bet
Ter currency," at later period, othe
" plans are on foot to accomplish this des
:, rable end, in rather a different way, 1t
:, true but not more promising in the resu
: as will be shown by the sequel. In 1873
At the famous ''Specie Circular" was issue
% which required all dues to the Cover
le ment to be paid in the precious metals
L that which was equivalent thereto. III
Iy was hailed as the harbinger of bett
ID times, and the King-cure-all for all evils,
d was to quicken all dead bodies into Ii
y and turn everything into gold that car
10 within reach Of its infiuence-and esp
:. ciaIly was it to make the RICH poor, a
the poor RICH. Welt has been in 81
"a cessfid operation for years, but-wHE
he is THE SPECIE? Echo answers, whe
,re Where is the Speciel The Specie Giro
las lar having failed to call things to life, a
of still later day, the miracle is sought to
ties worked In another different way, the P
pc, ple are now told that the Sub Treasury
Pc certainly prove successful-that is the tn
in at last, and would have been at first, Q
we it happened not to be thought of. W
the derful discovery this This Sub Tr'
ma urv, it is well known has also been in
my cessful operation for years, but-Whe
the Specie? Echo answers this time,
the pockets of the Government Off
:, ,, where it will always go-$25, 900 in
IT rockets of Mr.. Van Buren,, $10,0s
Vile. the pockets of another, $4,000 in tn
another, and so on TO the end of the
list, ter. The specie is there! and under
. II Sub Treasury System 1t will be the
the chi of time. Previous TO the pr
lst ,, Administrators coming into power
char. PEOPLE had specie, but since that
xtend they have had nothing but rag and will
Of the tinue to have rags so long as Van
npted is in Office. We call upon all GU
- % low citizens to reflect upon these Il
' The Richmond Enquirer tire
its cap to the skies, and huzza d
when cry sstill they come!" as it amor
u. . ION unquestionabIe authority, }
Mr.. r. M. T. Hunter, Speaker
alist, House Of Representatives, had d
Ior the ed his intention to vote for MIR
til OPP Buren,. The Enquirer has no
the To- covered that this was nasstdJs
Nash. has retracted its former ''unques
BILE" statement. Our venerable
mem temporary should look better
j hank Washington authorities.
q OapS Madison
Lan,, Our neighbor over the way did Il
OauA' so high we believe, that it neve
back. since, we perceive, he sport
ma ALL beaverl
expect
bc no MIR. Madison says: That Gen
...a,;la SON has done more for his count
- W. less compensation than any man