Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1840-10-21

country WHEN the present administration
party came into power, the calamitous
change which it has since undergone is
too sensibly felt TO be denied. "Vain
transltory splendors" they have been
swept away like the visions of dream by
the magic touch ofthat cold and selfish
lntriguer, who is now asking at the hands
OF hts victims a renewal of that trust
which has given him such power for mis-.
chief. All the sources of individual
wealth have been closed, and our unhaD.
Ply country has been arrested in her proud
and onward march to the highest point Of
national prosperity,by the selfish policy of
this heartless magician.
Our planters who were realizing the
rich reward of their precious industry,
have been utterly and irretrievablv ruined.
and in hundreds of instances have been
compelled to abandon their homes, and
their country,an seek subsistence in the
unconquered wilds of another republic.
The noise and hustle Of business have
ceased in our once thriving villages, and
nothing is now heard on their public days
save the officers melancholy cry of going,
gone" as he knocks off under his hammer
the hard earnings of years oftoil and en-
terprise your ships are lying rotting in
your docks, and the seamen thrown out of
employment are turned loose upon the
community desperate band of incendia.
rles and robbers to prey upon the vitals of
society. Your manufactures have been
stopped, the hammer of the mechanic has
ceased, your merchants have become bank
rnpt, q. enterprise 4. industry are paraliz.
ed, your Int. Improvements are arrested
your currency.is destroyed, credit is crush
ed, and gloomy disappointment has sue
cceded confidence e. rgy,and ruin, and
dismay have taken the places of profitable
industry, and spirited enterprise. This
state of Thugs IS the more extraordinary
since no external calamity has befailen the
nation, no invading enemy has destroyed
your country, no blockading squadron:
have Shut up your ports, no infections
pestiIence has bIighted your hopes, bu
whilst every department of industry wa.
eminent successfully, ruin q distress have
been showered on your country beyont
the example of any former time If tn
great end Of government be the happiness
and prosperity of the people, then mos
shamefully has the present administrator
perverted that object and turned our gov
ernment into an engine of oppression an
ruin, to its citizens. Ifas it has been said b
Junius, S'the ruin or prosperity Of State
depends so much upon the administratio
of its government, that to be acqu lnte
with the merits of a ministry, we need onl
observe the condition Of the people, ''the
have we cause to execrate with burnin
curses this infatuated administration. F.
surely there never did exist in this coul
try, a more deplorable condition Of thing
than at present prevails, ruined fortune
blghted hopes, the destruction of nations
and individual prosperity are nothing con
pared with the lamentabe demoralizatiol
which the measures of this administratio
have spread over the land.
UNITED STATES BANK.
To prove Mr.. V.B's agency in prodI
cling these evils as the head of his part
| it is necessary to refer to the history
the interference of the Loco focos Wi
the currency of the country-after pr
tracted struggle for years the present don
| inant party succeeded in putting down tt
Bank of the U. S. which was chartert
during the administration of Mr.. Madiso
| upon a Bill introduced by Mr.. Calhou
who has lately become the Magnun
Apollo, on all constitutional questions.
The constitutionaiity Of the U. S. Bar
is question which I shall not presume
discuss; a measure, which was approv
by Washington and Madison, which h
| been sanctioned By forty years acquie
cence and by repeated legislation, whi'
: has been sustained by the supreme Cot
where the venerable Marshall cccupit
the seat of Chief JGstice,and which has r
ceived the support of such republicans
Albert Gallatin, Mr.. Crawford, Mr.. d.
; las, William Lowndes, and many othe
whom | cnuld name. has been IN n
opinion, too firmly settled, to be eth
strengthened or weakened by any thing
might say. | leave to the Loco focos t
attempt to lessen the authority which
conveyed in the venerated names of Was
J ington, Madison, Marshall, Lowndes, a
Crawford, and shall corfne myself tc
brief statement of the history of this ms
tuition which affords the best eulogium
its merits. Its utility has been decided
/, the facts that during the forty years of t
] existence of u. S. Bank, this count
enjoyed higher and more enviable sta
of prosperity, than at any other period
its history, that confusion and disas
have invariably ensued upon the abandc
4 ment of this institution, that it afforded
best and most uniform currency IN
world, that neither the government nor
e individual has ever lost one cent by it, a
7 finally that whenever the pecuniary affa
g of the nation have gotten into incxtrlca
}: difficulty, and confusion, it has been
q sorted to with certainty ofrelieG Th'
/ are facts which cannot be denied, and t
9 is but an imperfect sketch OF that MI
: ster of iniquity against which, such an
II placable war of determination was wag
q by the administration party, "Detenda
J. Carthage" was their motto, and no ell
ie was spared, no means were left untrled
D accomplish their purpose
Z Removal OF the DcpOsites,
Z "With the view of Gripping this in
- tuition in September, 1888, the pull
: treasures were removed from the late bs
! Of the u. s., and were scattered amC
I, so State Banks which became the Cove
:. = ment Financial agents, more gener'
= known as the sPet Banks"
:. STATE BANKS.