Southern standard. [volume] (Columbus, Miss.) 1851-1856, 1853-04-02

"s y are now urging the erection of Banking establish
menus "l,hn our State These know of the vices and
gs Of e system they have learned their lessons in the
OF experience and they have become teachers not
ough the desire OF individually protng thereby but that
y may daup the thousand outlets by which the substance
Oh our peoples labor escapes into the channels made by more
sagclous policy than that which recommended pur
sue.
Hhappens strange enough that Mississippi with her onlap
ed capabilities should ohug the foes an ncompeen sys
tenn mpoversh herself Il is strange too that other
States have failed to profit by the dangers and vices of
bankng Those grave arguments ought be urged now
and the vices exposed and the dangers exhibited for impartial
history will furnish singular page hand back to poserty
Oh the wees and dangers those people wuy courted 1t
may be- though that history will say that the People of Mis-
slspp blessed by Providence munifcent and kind soil
rich IN resources climate genial that nearly all the opi-
cal Injuries flourish under it. and yet with all these advan
tages they leather headed they paid willing
Tribute to their neighbors
Our neghbors OF Louisiana Georgia, Alabama and Tenn
esee must relish the dangers and vices of Banking No
wonder, though tpays WELL This Banking vice is sin
gar vice. but the vice OF handing neghbors the means
OF poverising cizens-of putting into the power
OF our nelghbors OF liking rates of exchange of furnishing
US Wlha haand forcing us to SUBJ
NIT to all the evils incident paper currency without the
means OF reang tny the slightest advantages belong
ing to such currencythis say vice. strange vice
making people pay for the absence the dangers of the
vice. and forcing them submit its evils into the bargain
Say TO us at that bank and bills of exchange shall
not be rendered payment for debts by within our State
under penalty Of conscang the rendered by way
penalty for attempting inact the statutes and the people
VIII understand you Bat when you do denounce the cir
culaon of foreign bank paper and attempt invoke party op
position to local banking the people will believe that
democracy means less than submission wrong
and injustice BECAUSE osooh ought to incur the risk
of chartering Banks in Mississippi
Weproess be pretty good democrat ourselves But or
H. l,ocY
people OF other States thus making the citizens Of our own
State pay Tribute We have sympathy with that sort of
democracy.
IN the abstract opposed banking In the abstract
We are opposed to the of ardent spirits But then we
have yet to ear that people live upon distractions or that
the commercial transactions OF the world either conducted
by or based upon theu We had in this we
may be misaken-ha this worlds business was as much of
reality business of worldly character gets to be- In
view OF this feature then, hold distractions only so far
as consistency fair TRANSACTION and the commercial warranty
OF the world and the age demands To 60 beyond this YOU be-
the dupe Of abstraction and invite the world to grow
fat upon your folly Taking things they are we hold
it to be good sensand think democracy good sense
sonied-to avail ourselves of all the auxiliary aids the times
the progress the age and circumstances cast around u.s.
Is not the part OF wisdom ourselves position where
We are forced pay tribute the people OF other States
Is equally as unwe to the dangers of vice with
out the antdOte but is still do So and then
take the very course to render that vice profitable and fix
tax the labor of people by which the profits are
be paid.
An experience often years has taught the business interests
OF Mississippi the utter folly might say, the mpossbiy
developing all, or any considerable Of our native
resources while we rely upon foreign bank circulation
for domestic and foreign purposes Other States drawing
annually from large the way Of exchanges Ou1
consumers paying these exorbtant The merchant
it true neg2ates the paper butOhe pays these
iS'1 o.s4. 5' ' ,sdds ia are apne'
another source " annoyance ehavea these evils with
out any equivalents.
Georgia well MississppiO in the great cras.
W1ticdr recuperave oGf 0wff q ma
Five wealth equal has, under legislative system
infinitely natural and comprehensive from the
pressure strengthened by her experience and entered upon the
high road to prosperous and glorious future The eternal
OF the partisan demagogue senced in her legislative hal
by the sound and enlightened patriotism Of her citizens He
press conducted with wisdom and sagacy 1t aided ev
effort that promised success and by able and manly ap
peals 1t called forth the latent energies of the people,
aged the investment of capital and gave direction public en-
terpse, and opened channels by nvesgatienso
dustry and Labor. We heard of appeal Stfe
democracy" rise against system internal policy whc
has resulted in redeeming her reH vassalage. None
labama too, has lengtb4hrown off the shirt of
and beside dschargng large OF her public debt a
already stretched forth the hand of enterprise and commences
system of internal improvements, that WILL few years
make her of the leading commercial and manufacture
States OF the South.
Tennessee too has emerged om the crash with her dea
purchased experience She opening passways through
REGION and drawing from the bosom of the earth immens
wealth ores, coal &c Her railroad system honor
D her forecast, and will eventually enrich her.
" Mississippi stands alone Wft6d currency aside fror
the National coin. beggar in the midst of plenty She
lies upon her neghbors for those little pecunary avors with
which, her commercial transactions would become ours
She is the subject Of the biting jest abroad the or
which the sharper draws his gain and the dpe of policy
stupidity foolish, as tits contemplate Her treasury is bank
upt her internal expenses enormous; and her hig
and the policy Indicated calculated sweep from the peop
all hope OF beered condition Look legislation f
the past ten years. 1t has been continued squabbe with tt
denct banks, nsolyen bank Debtors and dodge wheth
the Planters bank debt should be repudiaed The scho
system stupendous humbug; the levy system mo
admirable swindle and the swamp land project the pc
ecy fixed arrangement plumber that be conceive
Party, party, partythe stern democracy" fill the mouths
the and the demagogue. How long shall this thing
Z Z continues
will continue just as long party the great
leading trait among leading long they
flee the interests of the People the success Of party, just
long will the People suffer- and the credit of the State be d
% honored. The people shake off this cursed incubus
party They must frown upon the aspirations of the dem
or gogue, and choke the party tool to death They
H. seek among the planting and commercial for
who dare do right though party do frown for who ha
sacrificed their consistency of character for party
their truth citizens for place power Such
the commercial manufacturing and planting interests
i Mississippi demandher prosperity home and her credit
broad requires this and feel assured that honest thou
it be feeble effort to work this destiny for her, will
pass without response from the heart ofevey who
- to advance and elevate the human family