Bloomington herald. [volume] (Bloomington, I. T. [Iowa]) 1840-1849, 1843-10-20
The Whics of Ala.

Waros.-The Wings Of Ala
B. s ha e adopted the Benton doctrine Of
ana na i tive excellence Of q specie CURE
s'p = ;,hou, the least abatement or quail
ney !, WI" onl y have they adopted but
e' u.,e ,;,ing it to the fullest extent. On
r pi l.s next (says the Mobile Morning
iopo'9, ",he Bank Of Mobile, the Insus
sI'1 oa;ees, and the printers. will COM
'n sss The he ensuing business season on q
penss s t and it behooves all our ci:i-
Ps ;, :, D he prepared to support this intend
eas ~ being as we think it il. one
~ n'' host. safest and most advantageous
me IN 'i he adopted. With the single ex-
IA 90: Cav If The Alabama Journal. we have
p'. ssen a paper that does not approve
!, ' s"npot. The measure.' And again |:
10 . u s' mauy towns in the interior we are
j ~ learn tina. specie will form the bs.
~ f,r business in FUTURE" &c. &c.
o Wv readers will recollect this late move.
u o,in favor Of specie currency in Ala
GU ~ has commenced with the Wings,
i !; reminds one Of the efforts made by
Democratic party for five or elk sue
give wears to produce q similar move.
s,,iu all the states. These efforts were
made in yain-they were all fiui.less-
4 inns verified the we'll known maxim,
tcb has been sanctioned by the experi-
- Of all communities that have been
rsd BY deprecated paper circulation,
d no force of law, not even the arbitrary
Of despo,ism can arrest a paper cur
new. and that it will never stop in its de-
ucice career till 1t explodes by its own
p,pal, inevitable tendency to self de
,clon. Such has been the case every
,e,s-in England during the prevalence
he South Sea bubble, in France with
rs Mississippi scheme, and afterwards
N The assignats, in the United States
A The old continental money, and lately
h the shin plaster system The inau-
&c Of paper money, whilst it for.isbes
il: bloa,ed strength. is too grea. for the
giyers and the laws-is sways every
d. dehes the legislation Of free coun-
s. and the DEGREES of absolute monarchs
spd like hurricane:or volcanoe il con.
hes lis destructive course till exhausted
its power.
No community has suffered more acute
and intensely from this pest than Lou
pna. The Democracy strove agaist it
vain, and many good man was crush
in the struggle. l. was subdued al last.
re by the rashness and recklessness of
faction who nursed it than by the re-
lance of the public. Its protectors
|hed and spread it over the land. with
g every man that touched il, until no
re victims were left.
With the dear bought experience which
people of Louisiana have had Of the
lets Of banking and paper money, one
bid suppose that the introduction of
IA plague would be strictly guarded
Hs, f1g the future, and we believe that
ar as popular prejudice can 60 to pre-
it, we shalt never more, in this gene
pn least, be appalled, by its presence.
We now not what strange event may
|nugas abou. by cunning and profliga
combined. Let US be on the alert
haze been informed from a source on
Oh we rely that a contamination of
e of The old bank hacks in this city is
ping for the purpose of humbugging
legislature into the passage Of an act
ferlng bank on large scale and Of
b character, we'll adapted 10 the prac
Of deluslon on the unwafy minds of
htry members. We are not ye. ac-
ned with all the details Of the project
we know enough of them to say
If once ma,ured and sanctioned by the
laure, i, will in less than three years
more destructive in its consequences
was the banking system which has
exploded.
appears singular 10 US that whilst the
Vof Alabama are praising and adopt.
n exclusively specie currency, some
beionging to the same party in Lou
aare Matching a scheme. which if per-
dngo into operation, will Danish ev-
bard dollar from circulation, and once
ill every channel Of trade with
Fsslers.
seel no apprehension that This nota>
Van can be successful. The public
is mot prepared for it. II is true
Fna Wing majority in the House Of
ssen'a'ves--but the Senate is there
rs Democratic preponderance. and
I'D his 'lhermopyle be surrendered,
ave sill lief, the vote of the sagacious
asorrupNble Governor Morton to save
New Orleans Courier.
hAs AND THE APoLlT1oN1srs.- BY
'e arrival of the Victoria from Eu-
We h,vo s~Aotl.