Holly Springs gazette., 1842-06-17

that would preserve them utter annbil son hev rail
at US because we do not join them in gornandzng upon
their children.
f,he wings party have been wing 10 avert
the destruction of local currency bec Sc the ocoo
cos have ltfs us nothing better to contend They first
destroyed the whig currency consisting of precious
tails aud paper circulation every where be spe
cie and would do the by their substitute
The position ofthe wings in relation the present circua
tion altogether conservative. 1t the ofhe
policy is not the result ofheir principles is currency
forced upon the country by adversares al inepose
to arrest the destructive popenss Of the ocooco lest they
reduce that State 10 the condition in which
End they have brought that of Mississippi BY comparing
the present irregular and deprecated circulation With that
which the country blessed in 1850 our true position is
found We for the currency 63O-every where equal
to specie and always for all things By comparing
the currency OF LOUISIANA with that OF Mississippi
servatvc roaion is found We prefer having currency
only below specie that is 90 so per
cent below specie We for keeping what we have as
good be kept until the country be supplied with
such circulation had when the Government fell the
power Of the iocooco We would keep their hands off of
the banks (hough they manage get them marvelousy
deep into em not because they banks that
claim their paternity but because the State already tasted
sufficiently Of the bitter fruits of their financial experiments
Let those who desire OF such food 90 Mississippi,
where they the practical result of partaking of
repletion-those who die.
With their usual boIdnes the locoocos have used
the currency question like edged sword With their
State Bank experiment they down the national currency
and with the whg party and now that they have brought
disaster and dsaY upon the people they change their
ag and endeay9rng to smother the wings with the very
banks with which they overa1 the country They for
another experiment hnancierng and if perchance they
succeed IN establishing their system when IN
pFooves aborve they will charge the whg party with that
nquy likewise and endeavor to lead the people estgay by
@ oi1 aman n0a hs pubic With il he sraee and I
iulng many by the gravity of their anticsh.y exhibit the
glare OF phosphorc light which shines brightly the night
and aar Off, but when approached found
neither warmth radiance.
In the State of Louisiana the evils that have heretofore
Overwhelmed oher portions Of the country have been IN
measure kept by the exertons wings Who doubt
that the iocoocos had had the of State
government the currency Of banks would have been
dGced level with that of Mssissipp That we now have
circulation OF value the specie standard
owing wing and the general good
of our State banks That OF moaied institutions
have been woiuy misrnanaged admits of doubt but that
others have been conducted upon safe banking principles
evident from their having survived the general cash1
oad men nave had control OF some banks likewise but
tne ocoocos IN multiplying banking corporations multiplied
also the opportunities and inducements pecaate The pro-
ctor OF the bank system have counted upon the ad
vent OF the millennium, 1t they imagined that honest
would be found supernend the aais the whole 700 To-
cal corporations called into existence by their policy To
them and to them only, chargeable the multiplicity of
these institutions and the evil consequences that have result
Ell from them-to thc wings due whatever Of good has
been preserved to the public from their creation pres
ent time 1t is be wondered that a single nstitu
ton IN this State has whstood the pressure and the
continued assaults of powerful party ta: should
have fallen before the combined influence both Ia
1nance as IN other matters tie ocoocos have exhibited
talent for destruction and other Theirs the instinct
and genius OF the ncendary and of the Ii
CURED greatest talent experience aud perseverance erect
destroyit
Amongst the specious dsguises which foreign influence
asaS the interest CT counyperhaps the mos.
perncious II is the deceptive is that of free trade
There Is something the attractive, something win
ming but yet did mischief masquerade the land IN
meretrcous gue The ingenious of creed
we'll calculated make poseytes of the unwary but
pereHce has that unless nation takes of its
Industry will be the prev e hostile Legislation from
foreign quarters Our country has uahappy tested the
free Trade doctrine lis great detrment Without entering
elaborate argument overload this address with
luminous statistics might appeal the present condition
of the people illustrative the flacy of the whole scheme
We have comparatively tariwe may be said to be
the open OF tree trade and do discover the prom
sed land OF happness2 Are approaching t2 Are there
any indications of the shore None Nor the troubles
the distress the misery and the bankruptcy that have follow
ed in the train of this experiment be chargeabIe to the sud
dennes oft change poy the uaprepared state
public for radical innovation The compromiss of
1888 wisely deferred the ultimate expa.ion $50 speak,
the tariff for period OF years. during which should be
gradually reduced 10 its minimum Standard With every
caution arising from oreknouledge and every preparation
based fixed prospective legislation The country has
able the crisis There could not have been
propous combination OF circumstances try
the under and yet has failedand the further