Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1840-10-07

the rights OF property, or overthrow
the obligation of morals.
But unhappily, he became involved
in controversy with the then existing
Bank of the United States. He man
ifested desire, how originating or by |
whom inspired, is immaterial to exer-
else political influence over that in
stitution, and to cause that institution
to exercise, in turn, politicalinfuence
over the community. Published doc
umenIs prove this, as plainly as they
prove any other act of his administra-
ton. In this desire he was resisted,
thwarted, and finally defeated. But
what he could not govern, he supposed
he could destroy and the event avow-
ed that he did not oyerrate his popular
ity, and his power. He pursued the
Bank to the death, and achieved his
triumph by the Veto of 1882. The
accustomed means Of maintaining a
sound and uniform currency, for the
use of the whole country, having been
thus trampled down and destroyed, re-
course was had to these new modes Of
experimental administration, to which
we have already adverted, and which
terminated SO disastrously, both for
the reputation of his administration
and for the welfare of the country.
But Gen. Jackson did not deny his
constitutional obligations, nor seek to
escape from their force. He never
professedly abandoned all care over
the general currency. His whole con-
duct shows that he admitted, through
ont, the duty of the General Govern
ment to maintain supervision over
the currency of the country, both me-
talic and paper, for the general good
and use of the people Il; and he con-
graduated both himself and the nation
that, by the measures adopted by him,
the currency and the exchanges Of the
country were placed on letter footing
than they ever had been under the
operation of Bank of the United
States. This confidence in his own
experiments, we know, proved most
| illusory. But the frequency with
which he repeated this and similar de-
cIarations, establishes, incontestably,
his own sense of the duty of Govern
ment.
In all the measures of Gen. Jack
son upon the currency, the present
Chief Magistrate is known to have
concurred. Like him, he was oppos-
ed to the Bank of the United States
like him, he was in favor of the State
Deposite Banks land like him, he in
sisted that by the aid of such Banks
the administration had accomplished
all that could be desired, on the grea
subjects of the currency and the ex
r change.
But the castrophe Of May, 1887
produced anew crisis by overthrowin
the last in aseries Of experiments, an
! creating an absolute necessity, eithe
f of returning to that policy of the Gov
: ernment which Gen. Jackson had re
' pudiated, or Of renouncing altogethe
the constitutional duty which it ha
f been the object of that policy to pei
: form. The latter branch of the altel
. native was adopted. Refuge W;
e sought in escape. A duty up to tn
moment admitted by all was sudden
# denied, and the fearful resolution al
# nounced, that Government shou
n hereafter provide for its own revenue
/ and that for the rest, the People mu
) take care of themselves.
i Assembled here, to-day, and teelll
common with the whole country Il
IS evil consequences of these principl
Or and these measures, we utter agar
/ them all, from first to last, our de-
A. and solemn disapprobation and reno
N Stance. We condemn the early d
E. parture of Gen. Jackson from tn
st line Of policy which he was expect
u to pursue. We deplore the temp
" which led him to his original quar-
Il with the Bank. We deplore the hea
vii strong spirit which instigated him
of pursue thatinstitutionto its destructio
IT. We deplore the timidity of some, I
Mt acquiesence ofothers, and the subs'
rts viency of all his party, which enabl
him to carry lis whole, unbroken phi
ed anx to the support Of measures, a
nd the accomplishment ofpurposes, VIII
=th we know TO rave been against the WIS
nit es, the remonsranccs, and the cons
hin ences of many of the most respectful
IN and intelligent. We deplore
10 abandonment of measure that had be
nst pursued for forty years his rash
vii periments with great interests and
wn perseverance with which he persis
- in them when men of different temp
lch ament must have been satisfied of tt
tal useIessness and importance.
ich But Gen. Jackson's administrdti
the authority, and influence, are now
ges torical. They belong to the p
.es, while we have to do, to-day, with
lie. serious and still more alarming (
led tents of the present. Weremcnstr
ct therefore, most earnestly and emp
cas- ically, agar stthe policy upon this