Independent Democrat. [volume] (Canton, Miss.) 1842-1844, 1842-12-31

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conn.rg, AMI whose civil administration oi
the Gift Magstracy If the Union. twice
conferred on him by grateful and adni-
rim p opla, although not without faults,
has seat him ,tl deeper in tn ate lions
AMI ii.ill yenerati n Of bis .countrym'n
Charleston Courier.
We rec pmmcndt Glowing 'et'er rom
Gen. J.ck,on TO Moses Dawson, E,q, cd
itof of the Cincinnati Republican, t. the
con.ide al N Of our reate,s.
Ny D.ar Sir-.Your letter OF the 18th
ms AIT, has just been reserved, in which
yoI ask perm lss ion to publish my letter or
extracts from il, to which You refer
have ~ copy Of that letter, aal when writ
ten had no idea Of It's being published, and
as wrote 1t in haste, there may be errors
9th in grammar and spelling, which may
nee brr, cton; sill, rs yod say, II may
Be- usefh Tor information 10 the plhlic,
laying the creates contidrnce in your
Judgment, The perm sion you ask is freely
given 10 you. ln5yer Lut II paper any
rhiug bat what a.e my m tered opiaiuns
/ As TO tho al'u.I3nS mn e in my ne sage
| to Congress. h4u 1 ength, won give
, on the FIJI outlines ofthat project, il Con-
grcss had made tie call on ne. Bul why
the catI was net made upon ne, Congre
was wei aware oi my oFinion of he con,
iutIonal powers vi Congress in their ,e.
! gls aiDn Tor tic District, and of the SAFES
with reg ri to cEartcrlng Banks. | will
give You cen Use and h sty view Of that
oplnon-- Tn tue power e Congress
o,cr the DItict, W cqrd to that of the
States ov,r iheIr respective limits, ami
that neither had the n,t.tut'onal power to
cha, ter Is nks f paper ISIS les,- that the
only power IA this respect was TO charter
Banks upon il spcaIe tasl', and of deposit
and elchlnge. The STATES have res gned
to ths General Government tae sove c jgn
power t. com money, regulate the .n ne
thereof, 81. &c, and prohibit item, elves
from issuing bills Of credit, or 10 make any
hing a tender in payment Of debt s'but Yoi!
and silver coin, hence tic reser,el rIgAts
Of the st t2s contained n power to chlr-
ter Banks, with power to Issue bills Of e.
! dit. ask, whlt is a Bank bill but a b |
OF credit? The charter allows them to is
sue three dollars in paper for one in specie:
three five dDlar bills are isslel IL - t.
the Bank with one Of them,-l draw out
five dpIars in specie ask what the o'hc:
two ii|es represent? They answcr--no-
thing but ere ii. These wee well known
tn In mi,
my project was not called for. Many COM
mites representing Banks called upon
m, whilst in the Executive chrir, t. Know
if would not approve ii charter upon other
terms than blsed upon a specie basis,-ny
snswer always was, that would appro,e
No chlue.; therefore me WAS presentel
to me.
| am, and ever have been oppose to all
kind Of Goyernm3nt Paper currency, let it
be derived from Eychequer or otherwise.
If the paper is the real representative Of
spac,e, why not pay the debts in specie, and
let the specie q cuate in the hands of the
Iltoring and producing classes? Then
the dealings le;ween the merchants AMI
the laborer will to in specie, and the mer-
chant, ny ulaklllg GcppSll, can get OH
on any part of the Unon. Where, then, is
the use OF a pnpc: curreacy? Neither the
merchant or lab Drcr wants it. The mcr-
chant wants MN.-,not a Bunk or Excha-
quer I,-.-but upon Blnke', where he
LAYS in his g ods---as in Germany.
1t is one Of the greatest hum1ug' e,ef
attempted 10 be imposed upon pc pp'e,
that there is not spece enough in the word
to answer all the necessary wlnls of the
communit Look at Cuba. There is 70
pancr there. Shut ont from circula ion all
paper, and specie will flow in upoa US as a
ide; bnti never will flow t. any county
that has paper currency, which will AL
WAYS dcple late. A Nation Il Paper cur
rcncy is g,eat curse t. any pcop'e, AID
4 particular curse to the labor eta country,
for It's depreaiatlon always falls upon the
labor. But with these hints ml-t close,
being exhausted. am greatly dcbi itated
and remlin your friend.
ANDREW JACKSON.