Lexington union. (Lexington, Miss.) 1838-18??, 1841-02-06

down; while at Clyuco the number des-
,royed is stated at $50. CONSERVATION
and distress were universal among the
surviving Inhabitants.
II is ascertain bv recent developments
made before the Illinois Legislature, that
in contract for $50 tons Of Rail Road
Iron, made in London, the State was
swinded out of nearly one hundred thou
sand dollars. twas bought for 60, 10,
when il was worth but Ct.
BANK INFLUENCE AND Tyranny
Two.thirds OF the time Of the Legislatures
of all the States in the Union, and half
the time Of each annual session Of Con.
gress, is consumed in talking abou, banks.
II would therefore seem, that either the
interests Of me banks are deemed Of para
mount Importance, in the eyes OF Legis'a-
tors, or that the banks have succeeded IN
making all other interest subseryIent 10
them. This latter we take 10 be the true
state Of The case All the great Interests
of The country seem indeed to have been
swallowed up in the whirlpool OF banking
The sturdy planter who lived BY his own
labor, and within his own means, has no,
unfrequen,ly been seduced from the walks
Of honest life, by seeing a town loafer,
aided by a mushroom bank, far outstrlp
him in his pursuits; the clergyman has
been known TO quit his sacred calling, and
turn speculator. The merchant, mechan
ic, and day laborer are pr scribed II they
dare raise their voices III opposition TO the
system. The physician, too, finds II to his
interest to say nothing in opposition
while ninety, nine hundredths OF the law
yers in tho country are little better than
the mere lickspites Of the mighty tyrant
Bank And last, but not least, three-
iourths Of the newspapers of the country
are under the indirect control Of the banks.
Look at the mammoth daily sheets in the
large commercial emporiums ofthe Union.
Ask who supports them2 aud n ready
answer will present itself in their sickcn.
ing articles in defence Of system which
every honest man in the country knows 10
be heavy tax upon the labor Of The coun.
try than continued war. Look again
at the papers published in the towns and
so.called cities, and that paper which is
crowded with the advertisements Of mer
chants and collecting attorneys, will be in
nine cases in ten, warm advocate Of the
credit, baak policy.
The convenience Of bank paper, as q
circulation over the constitutional curren.
cy, gold and silver, is the argument upon
which the bank advocates usually reply "a
sustain the business. Before the result
Of the experiment in Mississippi was
known, banks were supported by many,
because the expansion they gave to credit
the means they temporarily afforded to
those otherwise destitute. That argument
is, however, no longer used here; and the
only question with our people should be
one as regards the relative advantages and
disadvantages Of the system. Does the
simple item Of convenience outweigh all the
evils attendant upon it? II not, it ought
speedily to be overthrow.
No candid man, we could almost say
none but an arrant knave, will deny the
pernicous effects Of the banking system
upon the morals Of the community. A
citizen of Mississippi, who, for the last
five years, has watched the current ol
passing events, need not be told that banks
encourage all the vicious practices thai
infest society. The benefits Of The system
are not reaped by the community the
few enjoy them all, while the many are
taxed to pamper Incidence, luxury and
vice, in every form. All the interests oil
society having become subseryient to the
banking interest, no rational person can
be surprised at the low ebb Of morals in
the country.
But we should have less to say against
banks and bankers, did we not see, with
pain, large portion Of the press Of the
country, either silenced in regard to Their
outrages, or open.mouthed in defence o.
them. We should have sill less to say
we're the fact not notorious, that grea
political party, who style themselves
Wings, and pretend to be the advocates O
political reform and virtue. are 20 fully &
fairly connected with the banks, as for il
to be impossible 10 speak of one without
speaking of the other. In speaking OF
writing, let one breathe ought against Q
bank, and wing editor or orator stands
ready to act Extensively and defensively
Indeed, whiggery and banking are SOM
and indivissible;" each derives its supper
from the other. The whig banker lends
to the whig manufacturer, who refuses /,