The Democratic Whig. [volume] (Columbus, Miss.) 1842-1843, 1843-09-01

The curfelcys sad. ~ len11ncI - % felall
lhe precious metals "a ~ oornlrys and gTad-
ually diduss them lhfoughout The and 4haE
q Protective Tarf kas lhn ef6cis there can
not Be The sliehlasl shadow II . doubt
The crisis 81 1857 mart Be indoibly eugTa-
ven on your memory. What hIouEAt 4
about The canes were Bumerou1 ;-ll1
savage and relentless crusade 81 The Govern
ment Cit win not Be- cfsdlod Say years hence
that our national government, owning several
millions Of The stock, nsls var upon iis own
national bank) upon The currency ofthe eom-
by tho Consequence q which was the pros
tration Of the United States Bank. which op-
Grated as a beneficial check on The State
Banks, and the substitution Of some four 81
five hundred State inaliltutins. not brought
into beng 10 regulate the uxchauges anagise
facilities to carry on the business ofthe count
y, but 70 afford a field for speculation and
gambling. Next b order cane the Inordinals
desire 70 grow rich BY bank sock spscu-
ations, which the banks themselves encouraE
ed BY flooding the country with paper Or lrash
which many Of them never intended 70 redeem.
Following close upon { he heels Of bank In.
Prudence'and folly, came the ambition % grow
suddenly rich BY Specializing ID lands, houses
and lots, which wound up By the ruin q hun
dreds Of thousands. Bot last, though not
least, came BY way Of Gaping the olimax, en-
cessive imports, which not only brought "
heavily 10 debt to the foreigners, but was the
prime cause Of the awful commercial fevnl'
sion Of 1887 and the suspension Of specie
payments throughout the country. Had The
Tarif'been az protective them asst is nowhere
would not have been such immense imports,
and consequently, exchange on England
would not have advanced above par value.
The balance Of tradelin 1887 was against uH,
and hence the stoppage Of all the banks from
N. York to N. Orleans II they had not stop
ped paving specie, ioreigners--a vast number
Of whom have their branches and agents here
would have swept OF almost every piece
Of coin in the land IN consequence OF the
suspen sion Of the banks and the failure OF
thousands Of merchants who imported more
goods than they could either sell or pay for IN
stead Of enhancing the rate Of foreign ex-
change, which when il goes above 9per cent
premium invariably causes a reauk Of specie 10
Europe we have within the last SIX months
witnessed most salutary thing, l. e, 8 great
influx in that most desirable article. Eslab-
lsh free trade, however, or even make ma
terial reduction Of duties on foreign fabHes,
and you VIII soon see a rise from foreign ex-
changes, and hero mut Inevitably follow an
other drain Of specie to Europe, another sus.
pension ofthe banks, and by consequence an
other Commercial revulsion more terrific prob
ably thsnthaisof 1887.
Il requires no Casssndra voice TO warn q Of
rocks on whichWe have 60 frequently stranded.
WhllS. we are projecting our own domestic.
industry, and the millions Of mechanics, labor
ere, &C 70 s ay nothing Of the'sFsclory girls.
81 love- l--mah Y IF whuIn. aea lig suliiult y
supeiananted slnolheEe anu ialheTa go pro
teCt BY moderate Tariff The whale country
from poverty and desohli0a The country
which Is rich b The elements Of wealth and
prosperity --should manufacture more and
'5,-rs-t less Foreign nations vii never
% any tang for us. NJ, Webster Al
Baltimore made q speech about e -.--aner
meFcial treaty, hul Mr., Webster knew, Whine
the words were rolled from BE bps ihsi Eng.
land viii never sanction any treaty with lhia
Count ,, unlesu It beinhsr favor. England
knows fell well, that Der internal regulations
have contributed much to her present great
ness and she wil be wary IL me king any
changes az all calculated 10 letara Der own
ward course. Tbs acting Presidentmay, as
often as he pleases, request our Minister at
st. James 10 introduce Gen. Duff Green or
any other bearer ofdespatches, 10 Sif Robert
Peel, Ibr the purpose Of discussing the subject
But rely upon it, Sir Robert will not give any.
one from this Country the sliahtss. attention,
unless there DO q bright prospect Of England
becoming the gamer By avtreaiy. she win
never admit our Flour at low fixed rate Of do.
ty; and why should Mr.. Webster talk oF the
probability Of low duty on maize Wheat is
the great grain article (iur saley Of The U.
States and il is the only grain We desire Eng
land to admit at 2 low fixed rate Maize-of
rather Corn as we in the South cal it-is used
in immense quantities By The whites as well ls
the blacks Mr.. Webster knows very wei
that the English, people would not eat our
Corn.
But The Tariff (ohee more and the last
time) again ;-Why bot allow youf cotton to
be manufactured at your own doorB! Why
tax yourselves with the expenses Of il from
Charleston TO Liverpool, and rom thence 10
Manchester-then contribute to foreign abour;
and Wien The articles you need are manulaep
tured, add further cost By charges from Mar
chester IA Liverpool and from Liverpool to-
Charlestonl Why tax yourselves'in ihiswaf
to oblge foreigners and foreign CAPITALISTS II
there any sense IN IL In South Caf6liDa :,
happen 10 know there are several httotieg +,
N. Carolina there are 20'odd in VIZ -; I.
some or 70 and perhaps more w - -,
allow your own PEG ple-wh0 hav' ;n,.s.S,
their capita in these Psfablishner i, - -.
niactuFe your short staple (bye sn5 hvs -
England NAV not want your ong $500 -. -
manufacturers may be ski, M e15pvb II ~ ~
sumo that also)-and a..nolv Won Win sbSs,,
ines and shirtings at a les paee than foreign,
eFE can -
When last ssldressed you / predicted th.t
h5giansS' a J, Gus for The eontTol Of COUNT,
saep.eu ~ '-ae cultivation Of cotton, wnula er'
ioog maze some advaEees 10 our neighborins
EepuShe-rexas. When penned tbst nr6
pneeg, ltue thought shelhsd already beeSu
o work b.. yesterday read in & nsws1a.
per tnat Ene is already sort of mediator Be-
t~eeE that Republic and Mexico. This move
mint on the part Of John Bull 70 casual a..
server looks kind end generous very but Mr
Bullhas made bic calculations and As soon 4,
peace Is Is made between Texas and Mexico.
he VIII propose TO relieve al her fnaneia
wanis-and know they are many and pressing
Texas Will0in England IN 3 section oDsTn
tor" and e the same time abolish slavery
not that England cares anything about re
tTaldom Of the comparatively few rlsver h
Tezas-Oh no not thst-6ut bseauss ~
would be getting a hold on g good cotton
eountry. and e The very moment d doing that
STRIKE q biog e slauay On oar 0scH boT1szs.-
But ] must stop ! sas down % night 4
write only what Omitted9n my hss leileg.