The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1857-11-20
AS WE EXPECTED.
rFrom the Richmond whis.l

Now that the banks have all suspended
10 consequence Of the misrule with which The
country has been so long cursed, we again
hear the cry of specie currency, just as we
did twenty years ago, when the same system
had produced the ssme results. Forsmos,
among those who raise this yell, Is the Presi.
dents Philadelphia organ, the Press, edited
by John w. ForneY, from which we infer
that we are to expsct neither comfort moi
relief from the WhAe House, and that the
Presidsnt will insist ppon pursuing his policy,
sin spite oflamsntstons here or elsewhere" ,"
as his "Illustrious predecessor Van
Buren-did before him.
The organ has broken ground upon this
subject, and ln oEs. s7sk all the others may
be expected to ss:Sfls soice.. In few
~sekss We shall have tks message of the
President, and be will re. echo what the or.
gan has already pttersd,
The opening article of the Press is sngu-
larly cool in its assumptions. II differs, |,
tells US, from Its cotemporaries, with regard
to the origin Of me present troubles. They
attribute II to "an obsolete theory" the want
of q protective tariff. He, however, is o wi
ser man. He attributes It to overtrading,
and overtrading, he tells US, is caused by the
use of paper money as a circulating medium
His substitute is a hard money ycurrency-tha,
panacea which we have heard of for the last
twenty-five years, but seem doomed never to
see. Now is the time, he tells us---the gov
eminent has furnished Us with the specie
let us begin at once. Take care, however
not to 60 too fast, else more damage may be
done than goodl
We might have expected to hear an author
who maintained that a protective tariff was on
absolete idea, explain why it is that every
period Of our commercial history which ha,
been period Of disas,er-has also been
one Of low duties. But Il is useless to ar.
que with Ceasar at the head ,,of his legions-
The President has things all his own way
He can pass any bill he desires. He car
call upon his satraps-the State Governors
everywhere, to put his policy into operation
within their respective spheres. Let us ther
have this hard money currency at once, ani
let it be bona tide hard money currency
Let not bank-note, or treasury promise te
pay rustic its paper wings over the piles o.
coin. Let it bs all gold and silver, ant
nothing else. In nearly every State in tn,
Union the Democracy is in the majority
Give us, we say, this hard money, If 20,
mean to do it. Do not shrink or evade tn,
question any longer. Don't, when your mex
miserable expedient fails--as all have fai!et
that have been attempted thus far-do not
we say; cry out hard money any more. StoI
humbugging-practice no more frauds-giv'
US the hard money currency, if you can; i
you cannot, acknowledge the cheat and i'm
posture; repent, and try to do better. Tt
be sure, the introduction of specie curren
cy exclusively would place US alongside o.
Spain and Portugal, where the system is full,
carried out; or of Mexico and the South Amer
ican States; but, nevertheless, give us the
hard-money currency! We will not be pu
off with the notes of five hundred new banks
as we were twenty five years ago, when yor
promised to make gold flow up the Missis
sippi. We want the genuine article-th,
real thing-the yellow metal from the mine
Give II us, or hold your peace.
We take this editorial in the Press to b.
semi-official. There is, therefore, no hope
from the White House.