Independent Democrat. [volume] (Canton, Miss.) 1842-1844, 1842-10-01

therefore, authorized upon the. credit oil
the people and the pledge of their farms
and workshops, for its payment, principal
and interest. This it was supposed would,
together with the taxes and the treasury
notes already afoat, afford fund suffi-
Client to feed for the present, even the ex-
travagance Of the ruling power. A ma
tional debt would, it was true, with all its
evils, be the inevitable consequence. So
much the better, for such debt, instead of
being a, reason with federalists why they
should economist the public income, has
ever been, and yet is, with them, Of all rea-
sons the very strongest for the most bound
less prodigality Of expenditure. And
therefore, with this infatuated affection for
a public debt, they were not to be satisfied
with the ticelre millions loan as begin.
ming: but, on the contrary, they proceeded
Immediately to add sirteeR millions to
that--the last being intended as the base
ment stock of the Fiscality--a national
bank more hideous. infinitely in all its fea-
lures. than was the former institution,
whose conduct, decay and dissolution have
appalled, the world-have doomed to PEN
ury so many families and impaired so much
impurity to the social and political morals
of the country.
Nature never abandors men absolutely
to their own indiscretions: for even in the
gross confusion of public affairs, she often
interposes her silent authority to check the
dominant power in state, whenever it
threatens TO inAict degree of misery she
never intended mankind should endure
out of the bosom Of the wing party there
fore, the veto sprung to strike down the
forthcoming monster whilst yet in its feo-
tus condition. The presiding magistrate
had received the sceptre from the hands Of
that party, but not upon the condition Of
perjury and dishonor. He felt that he ow-
ed some allegiance to the constitution Of
his country, and as it was the constitution.
al veto which alone intercepted the bank
and the debt, the majority desired, they re-
solved to attack the constitution ITSELF and
the President who had dared TO support it,
thus far upon that point, he still stands firm.
How long the constitution shall stand, re-
, mains for the people and the states to de.
t tarn,iao. Il 10 vuougiI dat this rsutiua now
! knows, full well the designs OF the Federal
leaders, their principles---their measures.
the measure of their ambition and profit.
: gacy as thus displayed in an extra session Of
three months and fourteen days duration
J and which closed its memorable labors on
1.-The 18th of September 1871.
| Congress commenced its present ses-
sion on the 9th of December lS4l.. and
up to the date of this letter, has coniinu-
led, without intermssion, for seven months
and seventeen days. 1t will adjourn some
time or other, but not presume, until the
master majority shall have, more efectu-
ally, il that be possible, exhausted their
!, own passions and the patience Of the peo-
} pie, as well as the resources aad credit oil
} the Government. When they assembled,
that silent but thorough revolution, which
is now perfected, in the public mind, had
then greatly advanced, as was visible IN
the popular elections. Upon almost every
battle field where in 40, they triumphed,
they had. or have since been routed by a
people indignant at having been so shame.
fully betrayed. Full one half of their
numbers, both in the Senate and in the
House, now find themselves unsupported;
their principles and their measures stern.
ly condemned by the States and the dis
.riics that sent them here. In federalism,
however, this has produced NO change
From the beginning TO the present, il has
continued the policy Of the extra session
and yet continues to pursue that policy
with all the preternatural energy Of des.
pair; as though resolved during the brie
futuriiy Of its power, to stamp upon the
country, as deeply as possible. the darn
impress of its balefal genius. With these
views the party have proceeded. They
have authorized an additional loan Of flo.
millions of dollars. They have added
foe millions more TO the treasury note.
previously issued. But these, with those O
The exta session, are still not enough---ant
4 therefore, another tariff has passed the
House and will as certainly pass the Sen
ate, imposing thirteen million more Of tax
es upon the country. Thus will ever,
article from abroad-all things that minis
|, ter to the wants Of men--tea, coffee
whatever is most needfui to the pocres
citizen, each one and all, now yield IL
/ tribute, to fill yet fuller, the already dis
tended nav Of insatia,e power.
] And yet, after all this-Ioans, taxes
and treasury noies---how stands the trea
sury itselfi Sill empty How stand
t the public credit--the crodit Of this grea
q government---:he credit that never ono,
J was sulIied when democracy presided
/, how stands il now 7 Down, and still
} hopel.ssly sinhinu. down lower. nv far