Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1841-04-28

a CONFESSIONAL few years since, our
country was prosperous and happy; but those
who were then in power thought, or pretended
to think, that they made it yet better, and they
accordingly Commenced doctering it, as a
quack Doctor does, doctoring patient guess
ing at the disease, guessing at the remedy,and
guessing that perhaps, if the patient don't die,
he viii get well. Ruin utter and irretrieva-
bic ruin, some followed in the footsteps of the
experiments on the prosperity of the country.
Many causes were ascribed for this sudden
change in the monetary concerns ofthe coun-
try; but every one which in the slightest de-
gree reflected on the honesty, or the wisdom,
of the then Executive of the nation, was
stoutly, and almost fercely, denied by its
friends. As, however, time rolls on, and the
front of the political battle changes, it some
times becomes necessary for those who have so
bitterly denied these causes, not only to ac-
knowledge, but to assert them; and this in
their own defence. Among the causes which
were at the time assigned by the one party,
and denied by the other, as being mainly in
strumental in this sudden reverse in the for
tunes of men, was the putting down the Bark
of the United States. All viii remember how
o5stinately the friends of this measure denied
that it had been, to any great extent, detrimen-
tai to the country. But the time has now ar
rived, when it has become the interest of the
party who have heretofore occupied this
ground, to change front, and TO assume the
position which has been all along held by the
friends of the Bank. 1t becomes necessary for
the change TO be made,and 'tis done. Quick as
thought, we have the men who have been for
years denying that the putting down the u s.
Bank had in any way affected the country, as
crbing to that ACT, all the rum and Bankruptcy
which has occurred. They now fear that
nelo Bank is about to be established, and, as
the most efectual means of influencing the
people against it, they endeavour to show the
injury resulting from the putting down the last
Bank: accordingly, in the Globe, of March
9th, le4l, we find the following passage, re-
lative to that institution -
"ltwill also be remembered that the attempt
to repress and circumscribe the excuses of
this concentration of thirty millions of money
proved totally unavailing, and that the only al.
formative left was TO destroy it altogether, or
rather to refuse it prolongation of its mis-
chievous existence. This attempt, and the
resistance offered to its consumation, cost the
United States years of prosperity it produced
consequences deeply felt in the past, as well as
the present, and deeply to be felt in the future.
The struggles of the monster coavulsed the
Union, deranges the finances of the General
Government and the States, and threw the
whole commercial system into almost irretrie-
vabe difficulty and confusion. Bankrupt itself
it scattered bankruptcy in every direction; and
when it had lost all power to do good, its ener-
gies for the preparation of mischief seemed
greater than ever. Its dying struggles con-
vused the entire system of which it constituted
the head, and in its fall, like Sampson, it drew
the Temple of the Paper Plutus with It, and
crushed its thousands in the ruins.''
There is this great question which has SO
long agitated the country, at last settled, on the
ofthe leading Locofoco paper in the
u. States.