Lexington union. (Lexington, Miss.) 1838-18??, 1840-07-25

one y6nT, tuItc tuui'ho su WV S"iSi 49,
the whole in three years.
Now is il not somewhat puzzling TO see
how the gradual collection Of The revenue
in specie can lower the price Of labor!
But il this puzzles you, what will be your
astonishmen, when you learn that the
whole amuun. Of funds, which the govern
ment will hold at any one time will not
exceed four miiiionse During the first
year Of the Independent Treasury only
one fourth of that sum will be required IN
specie. Suppose, then that one million
Of specie be Withdrawn from the ordinary
circulation, aye, suppose II sunk IN the
ocean and what depression Of the price OF
labor would ensues
But says whig, sit l. not the mere
abstraction OF that amour. Of specie that
will sink The wages Of labor-vlt is not the
affect which this continual draught OF spe-
Gle from the Banks will have upon those
institutions and the credit system that wall
destroy business--put an end to improve
ment and enterprise, and thus depress the
wages oflabor."
All, this contains the whole Wing doc
trine-ihis confesses their still unrelin-
pushed alteration Of the Banking system
with which this country IS cursed. Are
The wages Of the laborer to depend upon
Banks and Bankmen, who thrive on the
products Of the lal orer, who only care
for him as they care for the horse. or the
Ok that drudges in the field, for the pro-
luct Of his industry?
| Has the laborei ever profied by the
Banks in any form? II his labor haf
risen in value, upon Bank expansion,
has not every article Of / is subsistence
risen 10 still greater raiios an when The
Bank contraction took place, which it was
always sure 10 do, has he not lost more
by broken banks and spurious paps' thar
he gained even nominalty by The sxpan'
sion?
Do the Wing speech makers expect t.
fatter the laborers and farmers of this
country into opposition TO the admnls'ra.
ton, which would coerce these Banks
into something like honesty towards IN,
holders Of their papcra Are the Iaborers
and farmers OF this country 80 stupid Ms
not TO see.. that if the independent Treas
Jury oblges the Banks to keep more specie
and circulate less paper, tie price oilabol
and every thing else will be more steady
and uniformi We know they are not
We know that they feel aud from bitter
Experience, too, The evils Of the blcaet
Banking system, and that so far as tht
lndependent Treasury resirins the iniqui,
Gus Bank excuses, so far is j, entitled Il
their .u,lifed support.
i We cannot lorbsar noticing here, ,ha
shallow charge, that in supporting the In
dependent Treasury, the Democracy coun
ienance "one kind OF currency for lht
Banks and another for the people,"
| 1t is sufficient answer to that to sav
that the Constitution r cognizes no cur
'ency but that of I'll aud silver, !ba
every man has a legal right TO demanc
that kind Of currency-;hat il the Bank
DO not furnish currency at once convert
ble INTO gold and silver, is no argumen
for the Government or any body els
taking their deceptive promises 10 pay, bu
Oh the contrary furnishes the best reaso
in The world for the destruction Of tn
} Banking system rs il 1T present exist.
!, And if the Banks can bring about such
condition OF things that man cannot d,
: mand or obtain that currency, which III
Constitution guarantees, they violate III
e Constitution to all intcnts aud purposes
!, who dare counienance corporations, The
violate the grea. charter Of America
: liberty? Why The Wings who in oppol
ing the Independent Treasury, real
oppose the true interest Of the great MAJ
Of the industrious, and sacrifice all 9th,
classes to the Moloch Of specializing al
$ Banking.
How, we ask, can consistent VIII!
: oppose the Administration, because
Z strikes blow at the excuses Of the Ban
ing system through the Indepeude
I. Treasury, when their own candidate 4
9 the Vice Presidency has SO strenuous
: denounced Banks in all their forms aud
!, all their consequences? Hear what Jol
! Tyler said IN 1910, and ask yourself
: how he ono his supporters can denoun
q the A ADMINISTRATION for not en,rusiing 4
u revenues Of the country to the unht
NJ keeping ofMe Banks.
y For rome enter my protest against the bnl
- ing s. semas conducted in this counry-a s. ST,
Is. not to be supported by any correct principles
! political economy; n gross dclusion, the rea
a Of visionary-a system which has done M
he to corrupt the morals Of society than any hi
else; which manufactured struggle for veal
y instead ofihat honorable stingle whichgoyerns
I'll actions ofa patriot, and makes ambition yirtu
4, which has made the husbnndman spurn his q
" tage, and introduced spirit at variance
ey The simplicity Of our institutions. call ar
I, the VAIN advocates Of banking, now tosure.I
- their errors. SHALL take them by the hand d