Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1840-04-28
Fron1 the CharZeston Conrier.

A BANK OF THE UNITED STATES
We are among those who believe that
the evils Of our diSordered currency and
exchanges will never be remedied until
we re-establish a Bank Of the United
States. Until then, unless locofocoisna shall
sooner wave its ragamuffiu banner in tri.
umph over the ruined commerce and in.
dusty Of the country, we will remain SUBJ
ject to periodical mutations and contrac.
tons ofthe currency, to the disastrous fuc
ftuatious of an ill-reguIated banking sys-
TEN, TO alternate seasons Of wild specula-
ton, and general bankruptcy and ruin.
The CommingIing offinance with poll.
tics is the curse of the copntry-the late
U. 5. Bank fell sacrifice to politics, and
| politics now threaten q very upaS influence
on the trade and monetary affairs Of the
country, in the establishment of the sub
treasury system, with It's golden promises
but paper realttieS-with its aiectation of
a hard money currency, but its certain
substitution of government dSSignats, in ali
! operations of the Federal Treasury, aud
deprecated Bank paper, in all mercantile
transactions, for the sound and convertible
Ba& paper Of a well regulated credit sys-
tenn. We regard our government, the
present and late national administrations,
as greatly to blame for the present mcni.
ed endorsements Of the land, for their
absurd and mischievous experiments in fl
nance. for their destruction of long trl-
ed and successful regulator of our curren.
cy and exchanges-for the removal of the
depostes into the vaults Of State Banks
and both in this way, and by express soil
citation or urgency, tempting them TO ar
unnatural initiation oftheir issues and dis
counts, the sure precursor and cause o
the explosion which folowed--for the i'm
proper distribution Of the surplus revenue
forcing specie from its natural reservoirs
and channels, and producing censequen
d s'urbance and embarrassment in fisca
and commercial operations, and then ad
- ding to the mountain load of difficulties
chiefly created by their own policy ant
e measures, piling Pelion upon Ossa, b.
! discrediting bank paper, at the nation
). al treasury, and declaring open an,
n ruthless and reckless war against tn
credit system of the cOuntry-a sys
tenn, co-eval in origin with the cohsol
- idation of our political Union, and un
der the benignant influences and ere
= alive energies Of which, we have rise
) as a nation, from feeble infancy to vi
Of orous manhood, and run a career {
a prosperity, greatness and glory, if nc
: unexampled lin the history ofthe worl
n If the present national administratio
e should be ejscted from power, the
> will be the architects of their own rul
+ and suffer a just retribution for the
ID war upon the commerce, the credit an
e the industry of the country. If the
- are wise, they will hasten TO retrac
their steps, and escape the coming
verthrow. A cloud no bigger than
mans hand, arising in the far west,
e exerting its electrical afinities, and G
- thering about it, as nucleus the mi
terials and elements of a storm, tn
threatens to sweep them from powe
like chaff before the wind. Letthe
= then be warned by the portents OF Il
heavens, by the dark and boding sha'
ID ows with which coming events a
ty nounce or indicate their approach;
p, them give up their mischievous lamp
- inc with currency and finance; al
as if Mr. Van Buren, wishes TO insure b
i reelection, let him abandon the spec
~ feature of the Su6-Treasury schen
of send Mr. Woodbury. to Russia or Ia
of schatka, and make Langdon CheV
to or Nicholas Biddle, Secretary OF
st Treasury. We give this advice IN
a. honesty of heart and purpose for
N verify believe, that unless the NOM
embarrassments of the country sh
cease, before the election Of Preside
nd tial Electors shall take place, the a
0. ministration will be held responsit
on for even more than its share Of exist
nal evils, and there is at least an ev
chance offs election from power.
But the immediate occasion a
chief intention of this article, was