The Democratic Whig. [volume] (Columbus, Miss.) 1842-1843, 1843-04-06
4246l6.nn8

SSHk3O1OsOOO
n Of more than TWEEN
ms of DOLLARS, eve-
Contracted before the 4lh
ssne of which, IN despite
'.sntered by the w higs,
:.,e thsir Rscendanoy in
= Of the public debt. it
'srsmbered, was accom-
.snued struggle of a fac.
y throughout nearly the.
Extra Session, not only
rsn weeks against all reg
|. support Of the Govern
led against nearly all the
Il in which they or their
> direct interest. i
M evils under which the
not merely in the crea
Osbt, (which'our adverse.
rahargisG upon u.s. and
y 10 al theaeuresifor the
:, h,,, ~ tn he forDtl in. a
! Of prudence and self de-
sTeyiate. We mean the
shling effects ola 4
h OF THE CURRENCY
he Bank, and final over
uliOn was one of the great
pns Of the Jackson era, and
lie disposed mainly to as
n Of evils and disasters to
has since been exposed
ms, tose several hundreds
us; to replace its 35 NIL.
B millions Of banking capt.
oto existence /; to comPen-
Of its 10 or 10 millions of
Ian LOO millions of paper,
!, flooded the country. The
rev empirical school, the
tie States wouAnow fur
ercv. President jackson.
lke' folly, applied the lash
Of restraint, and already
pIFe every thing 10 ruin
hing the banks to that fatal
have sprung all our ealam-:
time, the great experiments
erfythe vaunts WITH wflfciIz
j To the fair, but moderate:
been succeeded, seemingly,
Ito rational enterprise, a.
!, but yetsanguine spirit Of
money (the measure OF alb
Mating at any given time,
constant approximation to
1t amount holds tothe whole
untry,the Prices.of every de
IOdity. Hence the constant
urrency between 1880 and
| of property in the country
bile without material 'Yaria-
eeping no pace with the In
|aatiDg medium,) furnishing:
honey continually in proper
pr commodity, produced by.
lefcauSe and effect, a centin-
ping rise in prices. Suppo-
Peto operate beyond the mere
d, and that The relative de.
n Of property continued un.
period the doubling of the
. between the dates men
'eE feu1d exactly to double
Anmodlty. But this rela-
l'nr the same from year to
|Sae commodities exceeded,
bit Of an exact ratio of the in
q currently while the spirit
lehdered naturally, and, as
lea necessarily by the rise of
SIT always does, on some ia
'estaent not only tended fur
Dc equal proportienate rise OF
Particular commodity, but,
lglnation, gave impulse to the
'gte objects holding, in re-
proportion whatever to the
De circulating medium. Yves
tiOIls was the South-sea bub.
"a has added-none can con-
" !, an extefit-@tO the evils and
ny incident TO the contradic.
: ; and the calling in of then
* Of the country, in the pro.
Sound convertible curren
f0phetlc warning had, in vain
nest these mischievous opin
projects. Even ofthose who
Aened to these warnings, ma
lelf convictions, to the dell
lef currency" era, and wer'
mon vortex. But the grea
! ! The people, judging, as the,
nom appearances only, ia
ase glitter Of those days 70
pfOSperity--enjoyed a brie
and awake to pain.
'scsn yeursthe Banking cap
= Tas increased By mere thai
'. e. unG the circulation Y0s
an addition to the cir
. IN that brief space, Of 8.
~ rss---sohiIe Bank loans froa
.oSO, reached 525 millions i:
70 o. IOdnsin the scnse time 3
alGrs!.
! "OIos--'sl leave you as
! and happy drowned, eve
s1eu, IN the crash Of fallin
\ great 'emporiums of OF
!. ! and the north, rushered j
Y; They have found a,cor
Almost from, thai moment I
. sassand still widening wall
!, as city aftercity, town a
sa,I after hamlet, and fnall
.el as the towns, have bee
~ slea by the pervadlng al
The States Of Il
;'Oes exception, sstraitened
y go N credit-sone on II
sunk, in,the ably
). y I9'cEown all the FEEDER
the main contriver of /;
''0 20 the unspeakable shan
-a-s--S-,.-..-s-lz-s.-