Columbus Democrat. [volume] (Columbus, Miss.) 18??-18??, 1841-12-25
Vol S No Is

time.
10 pursaapoe Of pledge gwen to YOU ir nav
asst mrsssgc 20 Congress Which pledge urged as an
apology for adventuring to present YOU the delails
o sny pan, 'i.e Secretary OF the Treasury VII BE-
| ready Ia submit u YOU should YOU require It, pan
Of finance which, while il lhrnws around the pub
e ,ressTe reasonable guards lor ~ protection. snd
rests ou powers acknowledged IN Practice TO ex
81 from Tic efjr.n 90 tie Government w.t. al NE
snrag ume iuTHsA u the country sonnd paper
Uej5au, ard sabfj al reasonable licliiies io- regu'
aing q, Exchange Wien submitted, yuu VIII
perceive 70 e paH amgnlaiory 10 the existing
avs la relation aJhe Treasury Deplrtment--snb.
ordinate ia a. respects to tie VIII o. Congress d
! VctY, aul tie vail If ilse people indirectly sell
sustain ng >honi be laapi n pracrcc 10 realize
| & PROMISES ia theory aul reptaablc al the pleas
ure o Congress.
| II poP,>es hy eleciual restraints, anil by invo.
hms lhe true sp.rl al our Institutions, 10 separate
t'e purse lfumihe ,wodl o mare prnpe " 10 speak
denies any otber cnuitpl to the President ever the
aseais VITO MAY be selected IN earry ii into eyceu
tlaa. hat what may be- udepensahiy necessary 10
'ceuFt lht fidelity ni such agents aud. Nv wise M.
Tuition, keeps plainly apart rom each uhef pt,.
ya,e and paa.lc luuis, / cpulempla'ss ihc e.
tlb.t>bmenl ola bouI of Coutrol, al iAe seat Of
| Naveramtnt, with agcueic- al prominent CORA.
mereal Poin's or wherever else Congress shah
direct, for the safe toepiag aud Disbursement Of
lhe public moneys, and a Substitution, at the OPP
ton Of he pubhc cred tors, Of Treasury notes IN
lieu Of gold and silver.
Il proposes 10 lioi ,he s.ues 10 an amount no,
o excerd $500, 0o0--wuhoul line rxnress
SANCTION o(the legislative power Il also author
izes the receipt Of individual deposits Of gold and
silver 10 united angunl, and the granting ctr
uhca'es Of deposit, divided into such sums az
nay BE- caied Tor by he depo,ilors, Il wocceds
a Step Further, and authorizes The purchase aud
slla Of Domestic Bills and drafts, resting on 4
real and substantial basis, payable ii sight, or
having hHl Shnli TIME 10 nun, and dRwn on
places not less than 100 miles apar--which au.
ihnriy, except ~ 50 far rs may be necessary for
government purposes exclusively, Is oRly 10 be
eNcfIed upon the eSpie.S condition that IL exer-
c'se shall no.be prohibited by the State in which
The agency i situated.
IN order To cover The expenses incident 10 ihe
pan, il viii be anihnrzsd /, receive moderate pre-.
mnuns ol certificates issued on deposits aud on
bills bought and snli aud husas far ~ irs dealings
extend, TO iurGeh facilities in commercial inter
course at The awest possible rates, and to subluct
+, from The eatnmgs of iadasry ,hr least possible
sum II uses hr State Banks M a distance from
The agencies, as auNlllanes without imparling any
i power to trade IN ITS name. Il is subjected 10
= such guards and restraints as have appeared 10 be
necessary. It's the creature oIlaw aud exists on.
: " at The leasore OF the legislature II is made to
! rest on an actual specie basis IN order TO redeem
! the notes at The places of isSue--produces NJ dan
!, gefous redundancy OF cireualian--ainrds no temp.
!. laon 10 specualon-is attended BY no nlqlion Of
pfces-s e1nabc in It's operation makes the Urea.
= slry Notes, which Il may use along with the eerth
. Gates oI deposit, aud the notes Of specie paying
! hahks~-coneerlIb.e ut the place where collected, re-
II ceHaht N payment OF Government dues -and
!, without Violating any principle of lie constitution
:, affords The Government and the people such iacilt
" ties as are called Tor BY The wants 81 both. Such,
= has appeared To me- us recommendations, and
" n view Of them, It W.. be submitted whenever you
- may require II, 10 your consideration.
! am not able 10 perceive that any fair and candid
i. ohfeuon can be ur"rd against the plan Tie primer
: psi outlines oi which | have thus presented
= cannot doubt but tha the notes which IT proposes to
- furnish, al the voluntary option OF tie pOthc credit
i or ssneI N lieu pi the revenue and It's ccr ihrstes
: of deposlir will he maintained at m equality with
: gold and silver everywhere, They are rtdrrnahbr
" N gold aGd silver 90 demand At line places ol l,sUc.
. | hey are rercIvaait lyCHWhcrr 10 payment a. 90
! s@famen dae9' The liyasury no'ts az tualed ~
an amount 81 one fourth less than tie estimated aa
I nuat receipts Of the Treasury aud Ia addition ihry
!. 'cFl upon me ''ih OF ne Government for tlct
i temP"n. Ija' 'h'>e assurances are NOT sobcen'
20 make iAem available ihcn lae d'a, rs y seems ~
y ur, aI furnishing sound paper medium 81 exclan
" ees may be- entirely Abandoned;
y ia Tear bo iUa9.gtd nat lhe Government may
4 Dr. tempted l' iln Ihia lAcc-, n Us ISSUES, 81 any
i jnIor. day. D. seems lo me 'hti no such alprehrn'
b, e'n can reasonably be- entertained, mt! oil conf
ID drHee niHr Representatives. sal ihe STATES and ol
n The people as vel rs OF lne people thcmstFeS,siaH
b. I",0 ne W'@hH'~l ro0-dsfaioes OF Toiiey re
4 tHte ifa' jHr rr7ltan' nW p'up~rd "a be THROWN
abound '"e measure aH"ud not, for llgl carso' De-
n" owed. loatI1g against any proposed plan l's
. u.nug fo pHHtll abn-., i' ia REJECT every eSprll'
rui, SINCE every thing dependent uu hnn1n ac.05n
Iae.c iaa"aer, fHrru n|luns Of 3rstcy lo.s-
. moi bc s,ura as lUe maximum, bar q discretionary
power 0, 10 d. gwen l' iHc Boand col Cuut.a. Etafr
s, 'i'' 7'In '"t every ''A@''. ''''n wiz "''g 81 lA