Boon's Lick times. [volume] (Fayette, Mo.) 1840-1848, 1843-04-15
YIRClNIA WHO ADDRESS.

ocratic, and not the Wing party, who
brought the Government in debt, we shall
continue % make extracts until we show
by what means the wings expec. to restore
tie country to prosperity. The address
continues
"Naying thus advcrted 10 the cmbarrass.
ed condition Of the country, we propose 10
75yc,}n the principles ADD policy by which
the Nt'- Party expect to restore and
maintain national prosperity. The first
and most vital of the means TO accomplish
hat end is the restoration Of
ScraD CURRENCY.
NJ labored augmentation is required at
This day 70 satisfy you that the existence OF
national prosperity rests upon national
currency Of equal value, credit and use,
wherever it may circulate That your
currency is the measure of value of all
propertY-that it controls every transac-
ton of business--and that commerce, for.
eign and domestic, depends upon it, more
will deny. lis functions, have been beau
iiiuily compared to those Of the blood in
the human frame. 1t is the primum mobile,
the source of life TO the whole system.--
When flowing in sound and healthful con.
ditInn, through its channels, the whole com.
munlty. from the marts of commerce, to
the fields Of humble labor, quickens under
its impulses, and BLOSSOMS as the rose"
with prosperity When it becomes dis
eased. blight ard ruin and desoiation per-
wade the land. Every irregularily or OBJ
struCtion in It's action, is felt. in the reno
test extremites Of the country. II must
not only be sound in condition, and suffi
cient in quantity, but regular, in its flow.
to supply the wants Of the country. You
cannot look through the borders Of your
country and doubt on this subject. A few
years since. YOU possessed sound and reg
uIated currency, and you prOspered above
al! the nations Of the earth, until you be-
came prOverb among them. That bles-
sing You have lost, and now your diatresscs
are beyond much further endurance. You
10 not to-b.--y0u know that until you
have 4 sound and well regulated currency.
you cannot be q PrOspcrHg people, and
You are earnestly desiring and seeking it's
restoration. The wants and necessities &c
die Government, which are subordinate ~
yours, also require II.
The powers and duties OF the Federal
Government, over and in connection with
the currency, is question of the greatest
magnitude. and Is CEe now in issue between
= Inc two great parties Of this country.
: In other counties, whatever grade Of CT
! yIl;zaticn, when elevated above barbarism,
the power and duty Of Government to reg.
ulate the currency Of lis people. have been
fully recognised. exercised and accomplish.
ed And in this Union, until recently, !;
: was not denied that our Federal Govern
. ment had power. and was bound by the
constitution. 10 create and regulate the cur
rency Of this country, so as TO give il
I'equa value, credit and use, wherever il
might circulate" The only question in
5 dispute was the mode by which the duty
, should be fulfilled. The Administrations
of Washington, and Jefferson, and Madison,
have illustrated their recognition of this
duty by their efforts 70 discharge it. Gen
eral Jackson exceeded all others in his claim
, of power for the Government, over this
. subject FIR IN his Farewell Address, he as
: serls t"2' i IS is duty to regulate the cur.
rcrcy. Ami VI. Van BugeG, too, in tie
mrs, wears . lis Administration, made sim,
lar promises and efforts.
' The Wing party, adaecing 10 principles
. wGlrh ware the guides of the most il!ust i.
aH- 1.e- 0f our county, maintain that the
. Fedora Government is endowed with The
DniT"' cVet the currcGCy-wilh the COVER
. To c-,a'- aa- 10 rgula.s ii--and Is bouaI 10
! exercise tin such manner as viii insure to
{ The people u the Union, one "Of eqGa!
value, credit and use. wherGyerit NAV cir
i culate." The accumulated experience of
oHr national existence. demonstrates the
; facts, that the power 10 regulate our cur.
6 rcncy, exists only in the Federal Govern
d ment and that lis failure to exercise it, is
!, followed by the most disastrous consequcp.
\ ces That experience demonstrates ~
" further fact that while six and twenty aDy
: ereign States, in the exercise Of copceEa,
q powers, have created and can c,-s,c
Il banks Of issue, which supply tie people Of
d those States with their local currency
4 thereby furnishing large portion Of the
: general currency, (Which is consequently
I of unequal value, credit and use5 the Fed
eral Government does not ard Cspno, dis
e charge its duty aid accomplish the obiec
# of regulating the currency by The r.ar,
coinage of gold ana silver. That bsic,
the case, something more must be 3nna "a
= the power must be commensurs,e Win III,
n purpose of its existence, ard is not sxhnus
" ted, until that purpose is acco.mDl;sbed +
exercising that power, the r<ecnliar c;ronn,
stances which attach 10, nd mari The C"r
rency of this country, rnnst be eone;9sred
and such modes must be pdonted a., ,y;,
harmonise with thes", circumstances. tn
Federal GOVERNING ct has no right 10 des