Lexington union. (Lexington, Miss.) 1838-18??, 1840-09-05

southern commercea that they have woven
chains Of dependency upon the mort, little
inferior in strength to our Colonial depend
encc previous 10 the reyolutions
Can any man be SO stupid, or 80 will
fully blind as not 10 see, that if il were
proposed 10 locate u. $. States Bank in
The South, with the same power and capi'
tai here, proposed for it al the north, thai
'hese same partizans Of theirs, who now
shout 50 loud for it, aud urge Them on 50
earnestly, would ia the twinkling Of an
eye. condemn the project as dangerous and
inexpedient 7 Do you ask WHY because
il would strike al their interests--i, would
lessen their commerce-lt would tend I
free the South from her commercial ihral
dom TO the North.
Now, this is The first view of the case,
and we appeal to every man Of common
observation, If the view be not founded on
correct appreciation Of the motives that
usually govern mankind. The Northern
Wings want U. s. Bank bccousei il will
saJserpe their pecunidry interest That ie,
they piH secure southern trade and make
more money By il. For this very reason,
/ d,
tina, il will tale array from the SouM and
give TO the North, ought the south TO be
opposed 10 it--ior it is against their inter
est-it imporerisles Mem--h destroys their
commerce.
Now, lei us resort 10 few lacts to sec
how the old U. S. Bank used to operate
upon the South and West, to destroy their
commerce and concentrate it at The North.
From 1920 to 1881, a period of about
eleven years, the Bank Os appears by lis
own books, drew from the Southern and
Western Stutrs, upwards OF $22 100000
IN specie, and carried il 10 Philadelphia
md New York. Now, what did the Bank
van, Of all the specie there, when she
was redeeming her notes at her branches
She wanted il TO sustain the Northern I'M
porting merchants to enable them TO pay
balances on the very imports, which the
South and West had consumed-it was fol
this reason, TO build up their importing in.
tercstst at the expense Of the S, ulh.
Before lie Revolution, the then South
ern States were wont to crportjust abou
as much as they imported-In other words
after they had raised their crops, they
sold them, themselves, where they could ge
most for them, & bought their return com
modi;ies, where they could bag them chca
pest In those days the Southern States
were the richest portion Of America.
| How changed the case now Ii is ht
North, that has progressed with gigantic
strijes-it is the North that has become
rich, while the South has grown p or.
Now, what remarkable fact nccompa
MES this great change I? Why, tho import
Of the South have dwndled down 10 on
fourth Of its erports-in truth ii has n,
commcrce-lhe North has usurped it nj
and grown rich upon it, just as The Soutl
has grown poor from lis loss. And VIVA
is the cause of this death OF Southell
4 Commerce 7 j has declined gradual
: with The the establishment ofhe tco Unite
!. States Banks and Tie increase Of the loca
(, Banks, which the U. s. Bank has reu
dered subservient to the same purpose
! BY concentrating capital at the North, III
Z Northern merchant placed the Sou,her
: merchant out Of the pale Of competition
/ and thus quietly gathered up the wealth
0 the South.
a We shall continue this subject, more i
: detail.
For the Union.
i ANOTHER WING HUMBUG
3I