Mississippi Democrat. (Carrollton, Miss.) 1844-18??, 1845-02-19

Oul any OI Muse bUOFillOus uuCludllOnS anu
disastrous reyuIsions TO which paper mo-
ney subjects our own, and this too with a
specie currency. Yet we are told tha!iwe
cannot do that which is accomplished with
in three days sail of us.
Evils AND VIRTUES OF A PAPER
CURRENCY Were the Devil himself call
ed upon for plan which would the most
ehcctualy make the many subservient to
the few--were no called upon to devise a
system by which the liberties and prospe-
rity OF the great mass, or majority, were
to be destroyed, he would recommend
paper currency. 1t is the greatest curse
that could possibly afflct society and bring
so many millions within its grasp. The
paper system fills poor houses and prisons
and currupts the morals of whole nations.
II begets vice, misery and wretchedness,
and banishes virtue, independence and
happiness Its tendency is to produce ex-
travagance, idleness, and finally, swarms
of thieves, dissoluIes and beggers, who go
down 10 premature grave. Paper mo-
ney is the Devils own plan 10 damn our
race. When that was introduced and es.
tablished, he was triumphant; and well
may he recine behind the laurels he has
won; for never, since he has been an ac-
tor on this worlds stage has he prompted
a more foul and fiendish machination--
never has he accomplished an object that
so well suited his purposes, or which has
been more destructive to the morals Of the
world.
If men could abandon their stubborn
prejudices, and draw their ideas from prin.
ciples in nature, in relation TO a currency,
they would readily discover that art could
not possibly furnish substitute, that com
bines all the properties requisite, to SD
great an extent, as gold and silver, The
simple voice OF nature and OF reason de-
clare, that no article that art may substi-
tue can combine the value Of the precious
metals. Gold, the DEAFNESS Of which, ad.
mits of its being conveniently transported
with little expense, being fitted Tor the lar.
ger transactions of business, while silver
will answer the smaller tranactions of ev.
cry day occurrence. The properties which
these articles combine cannot be possessed
by paper money. Coin can be adjusted
to the value of any article that we may
purchase; il can be kept for any length of
time, or answer for the wants of future
years with perfect safety, whilst paper
money may fail TO the injury of The hol-
der. The precious metals possess the
same value at all times and places, and
this is property that no article which art
may substitute can possibly possess. Va.
rious are the qualities which are possessed
by gold and silver which should hold them
in the highest esteem over all paper mo-
ney; and how fortunate would il have been
for mankind had paper money never gain
ed the ascendahcy. We repeat, that no
greater curse has ever afflicted the world
than the issuance Of paper money. 1t
must have been an evil spirit who first in
sligated men to supplant currency which
nature and reason declares in favor off,
Had it been otherwise, mankind would
have progressed soberly, and at the same
time, adhered to those principles which
are sure 10 establish universal prosperity
and true greatness.
The paper system not only begets ex.
travagance, idleness, vice &C.. but it
leads people to neglect all the great OBJ
jects in nature, such as cleaning out rivers
which ought to be navigated. There are
many streams which might be improved,
but which are neglected for schemes and
roads which can last only few years;
and which, il built at all, should be built
when our country becomes more popu.
lous. Thus we neglect all the gifts OF ma
ture for our own arilice, and 60 to specu-
Iating and gambling to crowd the bust
ness of an age into a single year.
When will the friends OF banking and
paper money, who have been deuded into
its support by arlful and designing men,
learn that the system eutices but to des-
troy2 When will they learn that it mo-
nopolizes all property-houses, lands,
debts and credits, thus rendering the grea-
Ter portion Of the community dependent
upon in When will they learn that the
system holds the purse strings of society,
and forces them TO bow like menials 10 IL
footstooI? When, we will ask, will honest
freemen Learn, that by the support Of such
systems they make idiots and slaves Of