Independent Democrat. [volume] (Canton, Miss.) 1842-1844, 1844-04-27

Europe. I" twenty Ia
3. Therefore, protec,ec,ioD 0.,
the market, and increases the D ea.args,
the planter. ' profits Of
In another portion of your odd..
very briefly discussed the subiert y5s
currency. And | understand yon u The
your advocacy of a National B,n NJ 10 Ft'l
the following grounds. "A' upon
First-Since the currency isa
concern II Is as necessary that II s sSOS,
be regulated by national laws. a. Is snOad
er great national interests, such "a: ~ o't'
merce, wars, posts, &c. LopicnIlra ~ - Cont
l. Whatever is of universal mus
importance in these States, wbe,b a,e = a 10
our courts, our roads, our bread, '6a u ~. ~
Of our tallors, or the credit Of our b t"e O'lI'
Is matter of national legi.Ia,io,uO Ael' ~
cannot be entrusted to the iur;,daai am
. the States7 Is this the casep '''On 81
2. Banks and the currency ,hou
are of universal use and import,,, ,''a u
these States. 'H'0 IN
3. Therefore Banks are subioo,,t
national legislation, &c. 'e" N'
SecondIy-You insist that even .,..u
we dispense with a National Raa Sn0ua
must have State Banks, and that tI ,ha W. m
mer is preferable TO the lalrer-as , tDe s eOt'
mer is responsible to the nation, ,bs ~ 1," ,Or'
only to the State in which it is Ioca,s a'S'
According to Whately, thus:
l. Banks, which in the estimation =,
the larges, portion of the country, pOs,s,'
sed none of the fictitious credit Of lor,s
lative enactment, but the circuIatious =,
whose paper must lest upon their puncM
al payments and undoubted faitb-wboa
paper and credi; was strictly scruDi,l
by the merchants OF every ad;ouin,
State--whose bills were continually Ijabs
to be presented for redemption, to Meat
the purposes of travelling aud remittance.
and the institutions ihems elves ,ub;oc, ~
the vigilance and control of those MAJ,
interested in their sound condition; such
Banks would be far more liable to corr,n.
ton, and less likely to issue redcemnbo
currency than National Institution which
was attended with none of these circum,
stances? Is not this highly improbab'e1
z. State Banks are attended with all
these circumstances.
Therefore, Stale Banks are more ab,e
to corruption, &c.
Thrdly--That it is as wise and neces.
sary to adopt the features Of National
Bank as it exists in al the European
States, as the other portions of their ,ys.
tem-to-wIt: n navy, a standing army,
Congress, an executive head, &c.
Logically thus:
!. Every feature Of the Goyernmenu
Of Europe should be adopted by us.
2, A Nationil Bank, an Hereditary
monarchy, titled artist ,cracy, a Stale 70.
lision, are all features in the systems Of
Eu opc.
rhere!or,, National B NIX, an hcrrdi.
tary monarchy, a titled arisiocracy, e.,
should all be cngratIed upon our own 10,
be, wise, simple, AID cherished In.;u,
,ions!!
Such, Sir, seems t. me - be the reason.
ing hy which you must support your colt
clusions-such the character of the prCr
ositions implied in the argument you sus
gest, and which you must adopt ia The De.
fence Of your position.
These present themselves TO my own
mind in light which exhibits them
wholly at variance with truth.
And, although sir, can scarcely hope
to lead you 10 discover in them the SAM
errors which forbid any reception Of then,
yet trust that this may convince you ha!
our opposition TO The party to which you
belong, to the principles you profess, and
to your own elevation II the Executive
Office, is not founded merely in a person
al hostility TO yourself, or bigoted dew
lion to the person Of another, bat in an H.
Ielligent and settled objection TO the wis
dom OF the measures you propose.
! have been glad, sir, at the courteous
and hospitable tribute our whole City has
rendered to your long services in the
highest councils Of the nation. And should
his attempted analysis of your speech
meet your eye, let it be also n message Of
areweIl. Be assured, sir, of my unfeign.
ID prayer for tho blessing of God upon
FOUR steps-that He may bless you in your
lone, in your person, and in your DELHI:
and above all, with the fear Of
Iod IN your hoart. Consider, pray you,
he language OF God, spoken through Is
ael's inspired King-''My son" (hear The
Ioly and sovereign tenderness with which
ehovah addresses The proudest and the
neanest OF men) "My Son, it thou erie"
fter knowledge and lifest up thy roi''
or understanding, If thou seekest for her
S for silver, and searchest for her as
Or hid treasure, then shalt thou under
tand the fear Of the l. ord, and find tho
knowledge Of God" Hear, too, how
ieorgia's noble Bishop has spoken Of our
a,ional character. Listen TO the earnest