Independent Democrat. [volume] (Canton, Miss.) 1842-1844, 1842-12-24

&c, sarlN and unayo daily adopted spt Gle
as tie * lusive currency for us own use
AID this must ~ r &c he ca TN eSs one
u III other KIND, be USE. The Oh ~ C.
IN he pr sent stat, OF public sentiment
lie b tw en- an * lI-ve specie currency
: on The one hand, and Govorum n iss. es
of some kind II The other. Tina tn"se i
sues cannot be m de y chart red ms T.
III in, is SUI p sed L be runc'u>heIy SCI
led. They IN IS tie made, then, DIRE y
nv Go er4mcnt agents. For sc er,
years past they ha bt en- ths mme IN
jhe 40 m f Teas ry not :, and have
an w.Ied av .luab e purpose. Tier use
lulless has be limited 10y III ir eing
t ansient an temporary; Their Ca IN! 10
bear interest a G, en- period. necessarily
cIus $ heir spec " ctutn, ani thus re-
trict> their range o C .rcul 'lon, an, eng
used onl, in The dl-bur emen OF Go cru
men tn Y annot reach tn sc ms VIII r.
tiey arc most req ire /. BY I'm ering
III ir use permanent, 10 tn mJterat1 eX
ent al eady mentioned, by Offering no Ia
Gucenent Tor the r r ton, and by eNctan-
gng tn m fire. in and Other valoeS, hey
" Ill const TUE, To a Ger ain extent, the g.
neral currency 30 much nceGe to main,
tam / c internal rtte o. the unity
AMI this i, the EyrheqIer plan, so lar as
il M, operita IN lurnl hing rrency.
lc,nnot r G. tie :asIon 70 urge ITS
impo lance 10 tie credit f the u "crn,
neat n inaucial point of view. The
gre t necessity Of re ortlng TO every pro-
per ana '"mng eXpedIent IN order -
pl ce the Treasury on t o'ing # the
highest 7, sp cal iluy, Is entirely obvi"uS'
! The credit OF the q we nnrnt MAY be re-
ride as the vcIys,.l f he q ,vcrnm Mt
lt> Id prInrip c Of vital y with WAC
Ill rs IN v, mentS are i.ngud an All IT.
~ era FonS enb mr. S>e .. in n >PIril IN
Ecu I'VE ltl il,ell bplnd bl tn m 'st In.
pe atiye sense q duty t. snuinu to Con
gr at rs st SEES on. the pr, p;le'N "i
naklnga spec Il, pie, & t the Ian fan !,
Il, TIE lass TOR the ne4o l'tpn ri tie loln>
a,in riz.d to be cont ted. | tleu
tho J. hi that's CHI apple ii n % The p IL.
hc domain WI d, ~ h AT 30 ibt, have
placed al The culnnlnn OF the Goycrn.
meul am lc funds % +, lie h. Frci>ary
from HE lem ,ogar} em5ntra smcn, IN e.
which 1t la ",e Am rcan crr.i' has
lr,irnrP il consId rab 81 ok IN f. rop'
and IN. ,," lndett dness oi the ST S
o'"'. IA ilv Uf some nl
tle'h l. met the interest u,, Ill.,
-" "i'e' ana disastrous pioS,ratlon Of h
o"i'ed Sa es luk OF Penns, iyonr, b i
'H'r'""t"i lrrgth to incr as, IN, ,ent,
'neht ut "''lruS1 W Reason of fine H..
RUN Sus anne hl then ~ -,
il r9e portion Ut whom were ,,,e;,Dn,.s
and many OF whom were alike :. "''''
OF cur p 'Iiical organic ,t',n n, AMI OF our
a tual resp n,lb ii es. twas the an Il II,
daSlje OF tht EIecutl e tht, in the eff r,
+ negot ate the an ahro I'd, the Amer.
ran negp tor IN ct he 10 ,,nr the
money lender To tn! fan | mprtga ycl FIR
he re enpt on of the prinrip Il and IN.
cre>t Of any loan he NIGH, contract, and
thereby YIN ilcat1 the Gpvernm m, from
III SuSI IcI'n OF laI faith or inaliI r. 10
meet ITS engagements. Congr, s. difr-
"a from the Executive in tn, view OF lie
'lbJe,t. 1t became, nevcttAe' ess. tie du
} OF the EyecHt We 10 sort to every cy
'ed'ent IL It's power 10 neg tat. tn an.
II Zed Loan. After tao allure To do 80
n th1 American IN TX t, a citz.n nfhi,h
mar cter an talent WAS sent to Eu,ope
Win n better success; an In 8 the NOR. I
''y'h9 spec acIe h teen p e~en,e ofthe i
ni1iIlly OF thiS GIvtrnmcmt to obtain n c
IAN ;" small as not ln the whole toum nlnl |
o more than Gne-fmIth of It's orjinaI. t
hh1ai INC me; Il time VIII N the G. ,
e'hhcn'S OF rope, although involve
u debt, and with their Suhjec heavily
u'uehel w''h Taxa in, rra 'ty obtain :
oahs 81 ahF amount al greatly rcd,,. .
ca rate OF interest. 1t wuuld be uaprofi,. h
bic to loIk turihrr into Ibis nno,nn'o,s C
ate OF things, bit cann,t conclm e II
lthout adding that, for GJvernme , II
hlch hIs PaII oil it, debts of two w,r>
''h TIE I'r5est mIratlme power o En-. -,
'Pc, am how owing a debt VIII ch is al. ;.
''S' heH to nothing when compa to it,
'uhdless res Iurces, Government the
longest In the W ,rId, because emanat:np III
on the popular will, firmly rooted in The III
lec''ons OF great and flee people, and in
muse hdeltty to IT. engagement, has nev. tn
been questioned; fr sub government "
nave to rendered t. the capit,li,ts doth =,
countries an OPP ntInuy Tor small in =.
St"ent OF IFS stuck, and yet to have fail 20
, implies either the met unfonpteI dis.
Is IN lis good faith, or purpose, TO ob. -
II which, The cOnrse pursue is the mast vi
al which coulI have been adopted. / nc
now Jerome olviuus ,oa men thai thu the
'ernment must look to It's own me N Law
supplying lis wants, and it l., consulnr ,.i
kho" that these means are altoye;her
dequa'e to he object. TIE Exchc. Ga
r. It ad pied, will greatly aid in bring. he
ABOUT thlS res III. Upon what regard rep