Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1842-03-22

Secretaries to refuse the notes of chartered lnstu
tons in payment of government dues.
But what changes in the public mind have been
wrought in the last twelve monthsl Now there Is
scarcely wing press in the Union, which has res
pect for truth and proprety, that dares say the de-
mocrats were wrong in their estimation of banks
and their influence upon the public credit. Indeed
a very considerable portion of the wing party and
its presses are assiduous in their labors to turn
the current of public feeling against banking lnstl
tutions and to procure their overthrow and annihi
| lation. They are now travelling over the same
ground and fortifying their position with the
same arguments which have hitherto been used by
democrats, except that many of them more ela
morous and denunciatory. Multtudes of wing pa
pers continually changing their attitude In re-
lation to banks, and the wing party by battallons
are daily wheeling into line with the democrats on
this subject. Some of the whig presses manly
and honest enough to admit the democrats were
right others with insolence peculiar to their
vocation, arrogate to themselves the discovery of
the evil tendency of paper currency, and as being
the orginators of the work of reform, now so rap
idly spreading throughout the Union.
| The time has been within the past four years,
when the whig party would have regarded ii an
alarming political heresy, for the people of their
faith to have assembled in public meetings and de-
nounced the mass of banks. Now public meetings
held in the principal cities of the Union by the
party, and whig orators harangue the people the
instability and ruinous tendencies of banks-the
war cry goes forth, down with the banks, and the
spirit of hostility towards moneyed corporations,
kindles afresh in every neighborhood from Maine
to Louisiana Not long since the establishment of
a National Bank was deemed by almost the entire
| wing party, measure of vital Importance to the
future welfare and destiny of the Republic; now
but few voices raised in advocacy of this scheme
and those few voices are drowned in the more pop
ular cry, of that portion of the party who now
openly denounce the establishment of National
Bank. The democratic party was the first to raise
its voice against National Bank, and exhibit the
danger incident to the concentration of such vast
moneyed corporation they now the truth of
their principles generally acknowledged.
The same may be said of many other doctrines,
which have been long held by the democratic party,
and which once treated by the wings with
| doctrines WHICH were nelu by the wings
to be political heresies are embraced by them,
and claimed as peculiarly their own. 1t only re-
mains then, for democrats to stand firmly by the IL
principles; their ultimate triumph is as certain as
that the march of reason is onward. Look at the
changes in the opinions of the wings, since the
passage of the general bankrupt law it is now very
| generally admitted by them that the law should
have included interpretations; this has been the
democratic creed since the agitation of this sub
| ject during the last four years in Congress. We
repeat it then, let every democrat stand firm and
infexibly defend the truth of his principes-the
doctrines ofpolitcal economy and of national and
state policy promug gated by the democracy of
the country founded upon the rights of man,
and opposed to error and exclusive privileges. In
free country like this where the healthful streams
of intelligence flow to the remotest corners of soc-
ETY., the contest cannot be long or doubtful.