Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1840-10-28


That il is the avowed policy Of Mr..
Van Buren, ard his co-workers to reduce
the price of their labor; that the direct op-
GRAFTON Of the cherished measures of this
Administration, as demonstrated by them.
selves, is to bring down the price of the
labor of the working American citizen.
whose daily labor earns his daily bread,
to the standard Of European serfs and
subjects-from the dollar per day that they
have heretofore enjoyed, down 10 3, a or
D shlllings per week.
LET HIM REMEMBER.
That under the operation of the Sub.
Treasury, 10y the showing of its friends.)
instead of being able by industry and
economy, to lay up enough from the labor
OF one year TO purchase Of the government
snug little farm, home that he can call
his own,-the continual savings OF six or
seven years will hardly suffice to effect it;
the price of his labor will be reduced to
one shilling or less. where he now gets a
dollar or more; the price Of the public
lands still remains dollar and a quarter
per acre.
Let the people remember
4hat It Is the policy of the present Ad-
mnlstration, and the certain result of their
darling measures, TO reduce the value of
their property and the price of their pro-
ducts. This, too, is demonstrated to be
the effect of these measures, by their pro-
jectors and friends.
LET THEM REMEMBER,
That while the price of labor, of their
property, and the products of both, are
thus depressed, Mr.. Van Buren's salary
IS still $25, 600, and that those Of all The
olice-holders remain undiminished in a
mount, and intact trebled, quadruped,-
multiplied in value just in proportion to
that depression: in plain words, if the PEG.
Pics labor, and tne peoples property are
| reduced in value or price to lid, 18th
or 10th of the present rate, the Presi-
dents salary and that of all the office
holders will buy three. four or six times
as much of either as now. The Presi
dent will, IN effect, receive $75, 900, 500
600 or $3.50, 000-and each member Ct
lis cabinet in stead of $4,000 will virtually
receive Is, "a or 80, 600 dollars per an.
mum.
LET THEM REMEMBER,
That Individually and as States we are
in debt; nation of debtors and a nation
IN debt-and that just in proportion that
the price and value of their labor, their
property, and the products of both, are les.
sened by the baleful but certain operation
of these measures; in that very ratio are
their debts virtually and in effect increased
their ability 10 discharge them lessened.
To make this so pain that "he who runs
may read, suppose that mechanic owes
500, the last payment on a lot of
ground that he has purchased for 5000,
and on ;".hich with his own hands he has
erecied home for i n;S wife and children,
thus increasing lis value to $4G1. lie
has yet a hundred days TO make tins Size
in. At a doll1r day he could do it; but
the operation of the Sub Treasury has re-
duced his wages to one fourth their former
amount, and he can only make $25 in
the time. He fails to make his payment,
his house is sold by the sheriff; and by the
further operation of the Sub Treasury,
reducing the value of property more than
thrce-tourths, Notwithstanding the addi-
ton to It's actual worth by the erection of
a dwelling upon it,) the house and lot both
fail 10 bring the 800, and he is turned
out pennyless.
Again--a planter owes for the purchase
OF slaves TO increase his force upon his
plantation debt of $4,000. His prop.
eriy in land and negroes. fairly valued, is
worth 100000 The debt must be paid.
He sells enough (as things were when he
created the debt,) to pay it, and is still
worth $4,000. The Sub Treasury
comes, and under It's influence, his prop.
erty Is reduced 20 one fourth its value,
VIZ: TO $3.50. His debt is still the same
and must be paid; his land and negroes
are sold to pay the debt, and he still owes
$4,000 This is its operation upon
every debtor; it increases the weight of
his debts by lessenIng his ability to pay
them.
Let the people remember,
That during Martin Van Buren's admin
| lstratlon more of the peoples money" has
been squandered than during the admins
tration Of all the Presidents together: that
during his administration there have been
more pubic defaulters than during all the
other administrations; more rogues in high
places, guilty of "mighty wrongs and pet.
ty perfdies" elevated and sustained by
the arm and protection of the Govern.
ment.
LET THEM REMEMBER,
That during his administration, 'laws
are violated with inpunity, moral obiga.
tons scoffed at and derided; knavery
walks the streets with the bold face of hon
esty; punderers &C the public institutions
obtain sympathy and forglveness"-Ken-
dali.
LET THEM REMEMBER,
That during his reign, dogs have been
made soldiers, and soldiers have been trea.
ted like dogs, till the flower of the Amer
lean army have left it in disgust.
Let the people remember,
And teach the bitter but wholesome les
son to their children, that during Martin
Van Buren's reign, the constitution has
been violated; the public faith disregarded
the public virtue destroyed; the national
honor sullied, and the glory ofthe national
arms tarnIshed by defeat and dishonor.
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