Southport telegraph. [volume] (Southport, W.T. [i.e. Kenosha, Wis.]) 1840-1850, 1844-04-09
TELEGRAPH.
SOUTHPORT, TUESDAY, APRIL Q. 1874.
JUNlUS TRACTS.

Political tracts of the above title have for
some time been in progress publication in
successive numbers for the especial benefit
of the great wing party. These tracts are
reslrdcd as very high authority among the
wings; the presses of the party have extern
s:vely appreciated them; and they are looked
upon of so much consequence that copy
right has been secured by the author; ed
tors of newspapers are inhibited fom rcpub-
fishing them, except extracts for the purpose
Of review. The author of the Junius Tracts
is understood TO be a clergyman, who it ap-
pears in the present crisis has politicks more
at heart than the souls of his fellow men,
The manner in which these tracts have been
sactioned, warrants us in saying, that they
may be regarded as an embodiment of the
sentiments of the wing party; consequently
we may occasionally refer TO them, by way
Of exhibiting the principles and views of the
supporters of Henry Clay.
Tract number2, treats of the "curcncy,"
and here VIC may therefore look for an ex-
position of the wing doctrine relative TO a
United States Bank and paper currency.
This tract, is a labored argument to prove
that National Bank is an indispensable re-
quisite TO the welfare and prosperity of the
country, and that a paper currency is actually
superior to metallic currency. In relation
to 4 United States Bank, it bestows the fol-
lowing euiogiums at always secured a good
currency; it facilitated and equalised en-
changes, and was in universal credit at home
and abroad; it was safe deposit Of public
funds; and in all its functions served the
government and the people WE'LL" The
long catalogue of our pccunlary misfortuncs,
embarrassments, and losses, it traces to the
overthrow of this great National regulator
and hence the necessity is urged for the es-
adjustment of United States Bank
As it relates to the kind of currency best
adapted to the wants of the people, the
tractarian appears TO give an unqualified pre-
te:encc TO paper currency. 'The best
currency isays the tract) is that which COM
bines conveaience and the least intrinsic
value; and that is paper, which costs almost
nothing. Nothing is more convenient and
nothing costs less"
Again in speaking of the comparative
merits of a metallic currency, gold and silver
is made 10 appear quite insignificant in the
following language: ''Of the two, ii will be
found that the faith required for the use of
coins, is greater than that exercised in the
use of redeemable paper; first, because pa
per is tested every day by somebody at the
bank; secondly, because coins are rarely
tested; thirdly, because they arc seldom
found TO be equal 10 their credit value
tourthly, because in the present state of the
arts they are more easily countertelted than
piper; filthy, because they are inconven-
lent; and sixthly. because they occasion
anxiety and hazayd'' Here then, are six
reasons rendered, why paper currency is
! preferable to gold and silver. Again, the
tract says: 1T "a paper currency is the
most couvcnen;. least expensive, and the
safest" Among the inventions of trade.
it is the ne plus altra OF modern civiliza-
/ ton"
From the foregoing it will be seen that
the position of the wing party in the coming
presidential contest, is unequlvocally de-
fined; a National Bank and rag money, are
TO be the order of the day. But is il posi-
bic that our western farmers, who when they
carry their wheat and pork TO market, can
be made to believe, that it is better TO take
their pay in paper money than in specie p
Have not our agriculturalists, producers and
business men had sufficient experience with
in the last five years, of the uncertainty and
runous losses attendant upon paper money?
Has not the whole country suffered enough