Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1843-09-16

yoke of despotism and tyranny. To veri.
fy the truth of what we say, we have only
to cast our eyes over those States and Gov.
ernments which have drunk most deeply al
the fountain of this pernicous paper sys-
tenn; and, the only difference to be discov-
cred in the condition of the sufferers, exists
in the extremes to which the system has
been pushed. Witness the clamor and des-
peration of the Federal ,ohig shin plaster
party few years since, in petitioning and
almost commanding Congress TO authorize
the reception of their worthless trash in
the payment of postage, after they had
banished their gold and silver by the intro.
duction of paper issues of denominations as
low as our smallest pieces of silver coin.
We have heretofore expressed our cor
dial appreciation of your exertions in con-
nexion with the patriot Jackson and the
Democratic party of the Union, to place
the currency of our country upon solid
basis, and more elevated ground; and we
embrace the opportunity now afforded us
of repeating and reiterdting our former ex-
pressed opinions. That noble stroke of
policy in the administration Of President
Jackson which refused the reception of any
bank note of a less denomination than 500;
thereby encouraging the circulation of the
precious metals, calls, we think, for re-
neOat of our approval, for at this time, and
ever since the memorable issue of one
pound notes by the Bank of England, no
principle in Euclid has been more clearly
established or by the Democratic party,
more universally admitted, than, where S
notes are permitted TO circulate, in like pro-
portion the silver dollar disappears; that the
circulation Of IS notes will Danish the half
eagle, and that, the $40 note is alike the
deadly enemy to the eagle and doubloon.--
1t was upon this ground that President
Jackson and the Democratic party in Con
gress acted in rejecting small notes in the
payment of Government dues, and it was
upon this ground--tbis sound and whole
some principle, that the Democracy of the
country throughout the land hailed the act
with one accord, and gave their cheerful
and steady support to the measures. Shall
Ue no,o; abandon our position? Now that
the great paper bubble has exploded; now
that the fog and the mist of the storm has
vanished; now that the "sober second
thought" is about taking place; now that
our people are returning to their wonted
habits of industry and economy, (he only
sure means of wealth and prosperityD now
that the exchanges of the country are
being effected on the most favorable terms
ever experienced by our mercantile commu-
nifty, and this too, without the aid of great
Regulator" and its "odor of nationality;
and no,o when it is notorious that in every
city upon our sea board, money--real mo-
neg, GOLD and SILVER is abundant, and
seeking investment at the low rates of three
and four per cent. interest, per annum--
again we ask, shall Toe abandon our position?
Shall we abandon a principle which ex-
perience has proved to be sound and whole
some, and return again to the defunct and
rotten system which has already well nigh
ruined US? ... ...-
Notwithstanding the repeated decisions
which the people have made against Ma
tonal Bank, with all its appendages and
paraphernalia, it is easy to perceive that in
the great contest of 1914, we must again
encounter our ancient enemy; again on an
open field will we unveil the old chariot
and the visor fallen from her gorgon brow,
she will disclose the deformities of the
ruler of Pandemonium. .....