Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1848-06-02

scendrd from the Presidential chair. avowing |
that he Jeff the people ''prosperous and happy"
A. this nugs Of affairs, whsn speculation was
at The highest Pilrh, and bank circulation al its
utmost Iensioni democracy received ncw ligh'
--auolher article Of progress was appended 20
the luirh. The Government deposiies were sud-
denly Withdrawn, and specie demanded Tor Gov.
ernmenI dues. The deposiIe banks which were
so lenderly nursed by the Executive, and fed on
Treasury pap FOR several years, until their yigor
became paraiz'd, were discarded forthwith;
and had not only 10 struggle against the weak
nrsses brought unon them by the Executive, but
against a war Of determination, countenanced
aud encouraged by the General Government.
The scenes which followed are fresh in the
memory Of all. Bankruptcy. National, State,
incorporated companies, and private individuals,
came fast in hewake Ol specie circulars and E1.
exuIve msnifestoes. Like noble vessel on a
becalmed sea. the wheels of Government b..
came clogged. the whole body polite was left
laundering on the laIhomless deep, with break
ers threatening on every side. An extravaganl
Administrations and curIaIled revenue soon emp-
tied the Golfers Of the nation, whilst the conlrac.
lion of the currency blew up hosts Of the air cas-.
ties Of speculation, and reduced the people1o PEN
ury. All business was suspended, aud general
h., .,os..d as - h. c,oo
Then came the season Of Bank Reform the
panacea proposed 10 cleanse the body polite from
the diseases prevalent every where. II that
progressive step were taken, confidence would
at once be restored, and universal prosperI y
again prevail. Well, we had "Bank z ,lorm,
but instead of curing The evils which existed, il
increased their severity. Affairs grew worse
every day, until epeoPe. riredof experiments,
called for change of poIicyinrhc State Govern
ment, and II safe and practical system of bank
ing. These obalned, the affairs Of the State
were brought back into a wholesome channel,
aud prosperity began to make its appearance in
every quarter Of the State.
This. however, does not suit the palate O
Progressive Democracy. The cries of distress
the groans Of The people, and the wailings o
those made bankrupt by unIoward acts, are lal
sweeIer 10 its ears--more in unison with The SEN
timents of that party which openly procIaim'
itself beyond the jurisdiction Of The people, anC
upbraids them with expecting too much from
the Government" than is aseason Of prosperity
The last light that has dawned on the fold o
. Progressive Democracy, is that Of an exclusive
| metallic currency. All banks are alike uncon
slituliona and dangerous to the liberties Of The
people. All alike hostile TO National lndepen
y dence and individual prosperity. All alike de
slructive 10 Republican Government and Ih'
}. public welfare. All alike subversive Of thos
), immortal principles embazoned on our escu'
n chcon by the sgucrs of The Declaration of In
}. dependence, aud gilded by the blood of the rev
). olutun. The practice Of the Government, rror
J., It's first inception until the present time, has bee
r, radically wrong. The statesmen of the ''day
h lhal lried mems souls" were incompetent to de
n eide constitutional quesrions,--lhey knew moth
!, ing about Progressive Democracy. No less per
Y sonages Than the s0uGnS of our day could dis
!. cover The dangers with which banking is lraugh1
G Progressive Democracy has but one NOR
step 10 take, and il will reach the goal toward
IS which its policy eadswilh unerring tread. Le
Y it proclaim undyng and c'crnu hostility 10 a
:. SORTS and denominations of currency, and thu
|. restore the people TO those primitive customs 'ho
!. they enjoyed before an arbitrary Governner
;. egislaled too mach for their benefit. This nc
d complshed, and The people left 10 their own re
+. sources, democracy will become stable; II wi
no longer possess the means of PrOgreSSing'-
e Like the weary pilgrim, it will have reached III
e end of its journey, and refined 40 the. etern'
h shades"
RETURN OF GEN. ScoTT.-This gentleman