Independent Democrat. [volume] (Canton, Miss.) 1842-1844, 1843-05-06

! EoaI ac Mcn.y article Of Tie Ny
Herald. The resu. Of tho election in the
city of New York, displaying, as i. Goes
an OF e7whelming majority OF The Republi.
can party, is iraught with immense conse.
quences 10 the future financial aud Com.
nercial interests OF the whole country
IL is complete triumph Of The Sob Treas
ury over the National Bank policy, or ia
other words, industry and ffugal;ty over
debt and extravaganza. New York is and
has been the great commercisi centre Of
the Union. It is The great focus Of cred,
and commerce. Here, therefore, have
the tariff party rallied in their Strength
The organs have been laid before The peo.
pie, and reiterated clearly and strongly,
the policy ola National Bank. A Natioa-
al debt, high tariff, protection to home
industry, distribution OF the public lands,
regulation on The exchanges and equaliza =.
ton of the currency. In short, every pos
sible kind of Legislation to inierfere with
the course Of trade, NEEDLE with the affais
of commerce, and do that by statutory law,
which it was assumed The people had not
sense enough 10 do themselves. On this
plea have they gone TO the people OF the
first commercial city of the continent, aud
have received louder and more premptq.
rs negative than oyerwceniny and pre-
suin2tuous dcmagogues ever before met
with.
In all sections of the country the policy
of" letting alone" is the most popular;
an economic al government, free OF debt, Il
tariff purely for reyeaue purposes, an en-
tire separation Of government, State and
Federal, from commercial and banking at
fairs The laws Of trade, the intelligence,
industry and frugali,y of the people, are
The only " regulations" which viii be suf-
fercd to exist. Thsre never was mo.
ment when funds could be realized from
the most slant quarters Of the Union So
promptly and cheaply us now; and never
"A tine when killing and borrowing WIS so
diIicu', People in New Yolk thai have
got no money cannot remit funds u New
Orleans, yet those that have go. it, send it
in ovcraowing quantities.
The table shows an accumulation Of
$4,000, 900 specie in the banks [of New
Orleans during an import Of S7,S5l,?S
showing an increase OF circulation equal
to S3,5Il,0 C0. The New Orleans cur.
rency being full, the tide will naturally
soon begin to flow into the other qualtels
where il is more needed, until the whole
country has its proper quota.
This is the state of things thatthe pep
Pile now contend for. They will have az.
taal pay for their labor. They will not
pay t,xes to supper, stock jobbc AL
banks. They will pay cheehulIy and
promptly all h,t is requisite to supPuHa
he lp and simple form OF government, and
for defence, their last do lar and their last
drop Of b God is always at c mm.nl. They
will not be restricted in the markets for tho
sale of their produces, nor will they submit
to d.ta,ion as to where they Shall m.Gr
their purchases. No sophist al argument"
Of pe,tyiogping Iawy ers about St1tepolicy
an ridiculous diplom tic claplrap. borrow
ed IF m the perishiug tyrans Of The old
world, will be li,tened TO or c)untcnance
Ese'y f eeman, who treads tie broad sur
&C, OF the Uni,n, is better Judge Of lbs
own business and financial matters than all
the lawyers that ever plead for pay. Ii
there is any class Of men within the States
who cannot prosper, except at the expense
OF their fellow citizens, those men should
emigrate 10 some cline more wholesome 70
aris:ocracy than this. When every indi.
viduaI in the Uni)n uses his own iu 'gmont
in the free and unrestricted exercise Of
perfect freedom, he will inevitably ad.
vance in prosperity, When the indivldu.
ais OF the nation are prosperous, the nali' u
Itself is so by necessary consequence
Then it is that exchanges, banking, com.
mevce and every possible ramification of
human employmcnts is regulated" by its
own impetus. Like the resiStless current
of the Mississippi ;um5ling from the high
lands Of the North, it irayerses tho bound
less prairics. uniles in its strength, forms
fer Itself channel to The ocean, through |
all The barriers Of nature or Of art.
The course of events points 10. con
tinuanco ofthe presen; revolution in bank
ing until it is complete; to legal restora'
tion of tho Sub Treasury principles OF the
Federal government; to reduction oil the
tariff to simple revenue rates, and TO snttaf
events to take their own course. This
will not interfere with the present cur
ren.s of business, which are organized on
the cash principle and momenlarIly ncrea-
sing in volume and impetus.