The Yazoo City weekly Whig. (Yazoo City, Miss.) 18??-1855, 1854-04-14

ring the year 1859 alone the increase. 8
gold coined IN The United States Min
amounted 70 the enormous sum Of S64 600,
600, within q fraction of being double ths
amount Of the whole increase Of Bank notes
in the last seventeen years. We deem /
expedient here 10 pay q passing notice t.
that very himsy objection which we hear 90.
casionally urged against Banks, which Is
that of an inflated currency gives proper.
perry a fictitious value. TO This we would
answer that there is now S., 500. 900 more
of paper money in circulation than there
was in 1886. when property as high as Il
was thea thought % be. was but shade
higher with the exception Of land, the
cause ofthat being no higher, is because
there is SO much in market) than it is now,
and everything is valued at the gold and
silver standard. lin addition toWhich there
is no sane man now who would think OF sci.
| ling his property, for anything but specie
or its equivalent. The following might
tend to throw some additional light upon
the subject.
AMERICAN VS.. FoREIGE GoIN.-The di-
rector of the United States Mint, in his an
nual Assay Report gives the opinion shat
the necessity oflegalizing the coin Of other
nations no longer exist; that we have enough
of our own-and suggests that the weight
and market value Of American coins be an
nually made, and their cnrrent value ascer-
tanned, that they may circulate as the only
currency, and recommends that the law le-
CALLING foreign coin be repealed
Butagain: There is certain class of use,
less appendages of society know as ''panic
makers Fear is their prevailing passion
and a want Of brain is their predominant
quality. Thnir objections are generally
drawled out in language something like this:
With this river gold flowing at our doors,
and still rising in its channel, what use
have we for Ranks2 To this remark we
would reply that this, Ike all other rivers.
is subject to periodical inundation, thereby
depositing kind of mongrel alluvium.-
One variety in specie and the other in Bank
notes, (many of which are counterfeit)
more Familiarity known as Shaving Shops,
alias Brokers' offices, emitting a kind of
poxious eauYia in the shape Of usurious In
terest, which is very unhealthy to the pub
lie interest, particularly, when unacclima-
ted, which the nentralging influence Of
Banks properly restricted would most etfec.
tuslly remedy by emedy by reducing the
interest to a legal standard. One other
empty bubble We shall explode before we
conclude our answers to objections, viz
'tThat the people Of Mississippi are not hon.
est enough to control Banks" The people
of Mississippi are honest enough to control
$4,000, 900 of money, which, agreeable to
our assessment returns are loaned putin our
State. We find no difficulty in finding men,
or in their giving bond to take charge of
and legally disburse the several hundred
thousand dollars annually deposited in the
State Treasury, and as much more in our
county Treasury. Our whole cotton crops
are entrusted to our merchants as well as
the proceeds. We hear no complaint (ex-
cept occasional sales on the decline on that
score. The collection of our debts are en-
trusted to our Lawyers with impunity.-
Our merchants find no difficulty in pur-
chasing goods in the city of New York on a
credit. Besides numerous quantity of
our citizens are professors of. religion, and
they certainly must be honest before they
can be religious. Enough then with these
objections that hardly deserve notice.
Now should Mississippi. after mature de-
liberation consent to the adoption of diff
ferent policy from the present, and there is
reason to believe she will, and any of her
sceptics become Mortified that the |
"Guyis Cuts is loose, . in the shape of
promises to pay" let them not forget the
fact, that among many of his State and
Court records, his merchants and profess
'ional ledgers he will find the words, EMILIA
oona' staring him in the face. 1t is one Of
he evils that governments can't remedy,
One of the numerous i'll to which flesh is
In heir. Besides, the good book tells us
hat even in the garden of Eden, serpents
we're formed to hiss. Our beloved Saviour
vas victim to the .treachery of one of his
,wn chosen twelve. The cross itself is but
monument Of human perfdy. Yet not
me of these objections is an argument
.gainst the government either of God or
nan. We shall here avail ourselves ofthe
opportunity Of showing how groundless and
hallow objections really are, when, at the
anne time, like bladders with the aid Of
title wind they are susceptible of prodi-
ious expa sion, and we now put the cues
on: Why is il that the "tommahawk and i
salping knife" of Abolition should be used I
gainst Banks, an important arm ofthe great /
EFT work of trade as we'll as government. |
Ehen those monuments of architectural !
kill that so proudly stem our river current,
when they are in fact but so many pirates
Testing our waters; every person, while
nder Roadway, is slumbering on q volcano) (
e suffered to on unmolested in their work i
carnage and destruction. The vast mine
untold treasures that lay engulphed upon
Q beds of our rivers could not be reckoned
all the gold and and Bank notes in A. : !.
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