The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1842-11-10
From the Seneca (N. " Courier.
WHAT HAS LocoFOCoisM DONE FOR
THE con NTRXJ

WHAT HAS LocoFOCoiSM DONE FOR
THE COUNTRY
II has deprived the country Of a Nation
al Currency.
Ii has led to the creating of an innumer.
able number Of worthless State Banks,
and thereby has en,niled upon the people, all
the miserles Of irredeemable Bank issues.
|. stimulates the spirit of inordinale
speculation, by dcposilng the public mo-
neys in political Banks, 10 be loaned cut
for political purposes.
Ii has, after having ,hus led thousands
OF on a course Of rash adventure which
involved them in ruin, turned its heel upon
the sufferers and declared that the " Gov
eminent will take care Of itself, and that
the people must take care Of themselves"
Ii has, through It's corrupt partisans, re-
tanned men in office after they were known
to be delauters, and had squa1dered mil
lions Of the peoples money.
Ii has, by lis experiments and eyPedi-
enis upon the currency and business OF The
country, completely overthrow the pros.
periiy and business Of the people--closed
our fac,orics-shu, up our shops dis
charging our salors-stopped our works
Of internal mprovemeni-,hrown the ex-
,ernal trade Of the country into the hands
Of foreigners-deprived the farmers of
market reduced the wages OF labor-and
thrown thousands Of aborers out Of EN-.
ploy nent.
i, has, in frequent instances, eounte.
nanced and advised open resistance 10 Il o
laws, and iomented auarchy and dssension
among the people.
II has openly advocated the ABDOMINAL lie
, doc,rre OF Republication, and thus brough,
dish"n~r und Disgrace upon the American
name throughout the world
! j, has openly countenanced disorder, by
refusing obedience TO the laws OF Congress.
which, by tho Constitution, are declared
to BE- the supreme laws Of the land.
Ii arrays itself agains, a sound and sal.,
credit system for none other ever found
advocates aud insultiugIy declares TINT III
who trade on borrowed capital ough, 10
break.
Ii now, as final experiment upon he
currency, goes for a hard money currency,
and the placing our country upon a level
with the degrading and fallen condition Of
Spain and Italy.
II opposes on equal and fair distribution
among the States, the righlful owner, Of the
proceeds Of the public lands.
1t opposes the leyying Of m adequate
Tariff upon foreign Injuries, for the pur-
pose OF furnishing tho General Govern
ment with the necessary revenue, the only
measure that can restore the counfr, 10
lis wonted prosperity and give The people
the opportunity Of successful enterprise.
1t advocates direct taxation for The sup.
port OF Government, md ls supporters De.
clare that tho next Congress will contain
a majority in favor Of such measure.
II has, during The entire session of the
present national legislature, exctted an
'ts power to delay md obstruct The
passage OF laws impcriously required by
the public good and il is n, this time
leagued with tho Executive of tho milton
~' S~~S"N viz w 'lIVlI uNU UuElnFF
in an attempt TO override Congress and
PROSTATE the voice Of The Representatives
OF the People before the will Of one man.
Such, Farmers, Mechanics, and Labor.
ing Men are the disastrous results Of the
prevalence Of Locofocoism in our country.
and such are the doctrines il now main.
,nins What think you of them Do
they accord with the pure principles upon
which our Government is founded, and arc
they such as were advocated by Wash.
ington, Jefferson and Modisonl II seems
to US they are not; but that they directly
tendto the subverson ofour free institutions.
and threaten consequences TO ourselves,
our country, and the whole race Of man.
KIND, which no one can contemplate with.
out the most fearful apprehensions. L.,
these doctrines prevail, and we soieinnly
believe, that the days of our Republic will
soon be numbered and that the grea, ex.
pertinent of self.govcrnmcm will receive
blow IN the new world, Tho consequence
OF which will be painfully felt by the Low.
ers OF liberty over the universe.