Independent Democrat. [volume] (Canton, Miss.) 1842-1844, 1843-02-11
From tie Clio {.
RGL!LF TO THE INJECTED.

RELIEF TO TIE INDEBTED.
Its perfectly clear that federalism hopes
10 re-.dliy Its p WEI ON the nj cry, it has
created. No man cun be so bliGd 10 the
elch.ng OF experience, as not to see that
a our suherings, on The score Of currtn
~, have had their origin in the sub,ttu-
u,n OF paper money for sp'cie-a C u0-
tertelt tor he true standard If value. Tie
fact is not only record ed in our history, but
upon the page Of the Con tuition, by The
sages who frame d it, in an expire inhibi-
ton 10 The States TO emit bi Is Of credit,
or to make snS thing but gold and silver
tender-prescrbing il Us The daty of the
General Government to make the coin,
and hX The value thereof, as the only stan
daEd that should be recognised as The mo
ney OF The United States This lunda-
mental provision, in laying the foundation
OF cur government, grew out OF The then
recent experience OF The rum which the
continental paper had spread over the
whole ontinent-maklng industry the
prey Of speculation, and breaking down
all The producing asses, by sIblecting
them to The frauds OF paper sys EN-,
through which their toll wa, converted to
,Ae use of others, without equivalent, AMI
thousands scduced from all usefnl employ
ment by the extravaganza, spe ulatIng.
gamb ing habits introduced ty the govern
menl's adopt IN OF credit for cash, lnvIt-
ing knavery to prey upon the credulIiy ot
Al ri Of Sfru
Loing rendered al oge her un erlain b, the
fluctuations of the only meuium OF ex-
change furnished y the government, bu-
sine IS was necessari turned into a Iotte-
ry. which brought hundreds Of tho lsands
into mode Of dealing tor llvelih1oi de-
pendent altogether for success ION that
eleg INT art ca led tnanc,e ing, which |
mems simply that species Of gambling
which consists in n, thing but taxing the
country for sp r Gus currency, and bar
"a mag and Cheating with it as loug as II
viii circulate, and lea' ing he honest and
unsuspectIng lin whose hands II always
perlshes,) aud who have predicaled Their
con;rac upon the false he, PES it held out,
the victims to be sacrificed when the delu-
sion ends.
Ihls is the condition in which multi.
tudes If the honest and vt,uo IS pruduc-
ing classes Of oar c1unlry find themselves
a, this moment The great flanciering
tribe, (who have failed, by overre &c hing
themselves in their remorscless specula-
lipns, have de ivered themselves from their
obl.gal ons.) by the sponge Of the univor.
sal bankrupt act. The great ca italists
and bankers, who have play ed the game
with skill, and enriched themselves by The
caamlries Of the country, are now nurs
ing their strength, pluming their wings.
and whcti!ng their beaks, making ready
to pounce upon the vast spoil-which the
execution OF the laws in these hlrd times,
bring ng the whole CeJlur CT SIS al once T.
The sheiiti'S block-mu,t soon he put at
their mercy. The multitude, VIII, are to
m he up this great hecato;nt {, avarlce-
The victims Of piper money and banking I
| auCs-are looking around with aim 'st ,
hopeless eye for some mode Of delverance; q
MT dish nest deliverance, by canceIling T
heir ob.iyati ms, but a deiverance-by {
he application of thci' means TO the hon.
Isl payment oil their debts. How this is I
o be accomplished, is the great desidera- h
um which now pin, ipelly employs the
hou5h hts Of every Legislature If the I'm.
on
1t is OR purpose 10 examine the mea.
'ures Of rel eli which federalism proposes a
o the country as remedy for the mis- d
;h ef1 lis credit sy s ems have generated; v
md if it be discovered that The remedy is II
l thing but new ineculntion OF the BODY e
,olilic with the dIsrase by which il has l
cen already bro Ight 80 low, we trust tina, ia
he suggestion Of some other mode Of plre in
of lie lemplion and deliverancc-wii be Iy
llurutel. al