The Yazoo Whig and political register. (Yazoo City, Miss.) 1840-1842, 1841-05-28
From the N. o. Commercial Bulletin.

The present arrangement and deter0ra-
lion pervading the currency. admonishes rs
of theabsolute necessity Of d radical change
III our financial system. Ia Louisiana the
evils Of bad currency are not perhaps 50
EdisceTnibIe as iii other States that might lie
mentioned. The banks BIZ mutual for
bearancs and cooperation hase thus far sus-
famed themselves Hence their bills cons
rinuu bs suffsns. For all the sal -
of business they pass at par, and lhe incen-
veniences and losses arising from derfe-
ciated circulation. yali0as and taciIlat y.
as TO the rates of discount are not expert
enced. Though, even here, our sufefings
from al erroneous system Of tinance, are
sufficiently burdens0ms 10 engendsr an ar
dent desire for reform. We have only to
step, however, into neighb0ring States, 10
see the fruits Of recent experiments on the
currency. Mississippi, for instance. furnishes
az inviting specimen Of the sbetler curren-
Cyl So yauniingIY promised to is, By Tie
hnmbug empircism Of locofoco politicians
The circulation Of our sister aboDnds with
variety Of current mediums, sufficiently
diversified to be adapted to the most fastidi-
oas taste.
Paper can be had there a. alfTates, from
par value 70 so per cent. discount, The hold
.ers Of some notes are glad 70 exchange 4
hundred dollarbil for ten dollar gold piece,
and others find their paper representatives
Of value, to be of no account, and no better
than rags. Unfortunately the same state 81
depreciation is not confined To Mississippi.
but from other States also, accounts are 4e.
ceiyed representing the condition 81 Tie cur.
rency 70 be equally deploFable Here are
facts which none can gainsay Indicating lie
absolute necessity Of doing something to
restore The deterorated currency. The peo-
PIE will certainly, not consent to- live sub.
lected TO the Inconvenience from which
they now suffer. But the questions natur-
ally suggest themselves. how and 81 what
means are the remedies of existing Ills Is
be applied We answer, that inasnlticl IS
the maladY from which we sufIsf, has spread
over ths whole Union, aud IS co-extensive
With tie Union, lliat tie remedial applica.
cation cannot be applied BIZ any single State.
Inc power Of the General Govahftnent
alone Is co-extensipe with the disease
Among the duties prescribed to The Go2crn-
9 %-1es ~ stAA4At ltlo AENUIHIIHWt
3 the currency This duty il has perform
sd on several occasions viii success and 10
ioubs tle desirable result may Be obtained
gam 6y gesoFllng 70 the same inslfamen.
ATTY. w: Che establishment az National
Bank
We learn that Mr. CIR NsKR fbe posfnas-
e. General e winning gol opinions from
nose Wno are ofoa into Intercourse wish
UNI 81 t|ie lac gathering SIS mail oonfrac-
9rs II 4 Washington ana learn here
ssEe apont ~ ,9eg aldsl llenen az both
Iolitical parties united is besrne testiraon4
his courtesy Pfompk and General
BUSINESS ha9its some who had lost theirl
onlracls. declared hast was peSsanier "a
7se them from such man as Alf. Granger.
aan g Obtain snen rom hls inmed pre.
ecessor. We ere informed thas Die con
1acss given out are generally at reduced
flces and that 81 consequ snce great sam
Iillsb saved e the government.