The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-10-22
Protection Against M"u'y pa"tss-gh,
Constitutional tag,rnry.


Tho financial poctorsthrous hout tha Ia.
ION are putting forth various plans by which
the financial world Will hereafter IN relieved
from ,he possibility Of tho disastrous Results
always iollowiaga suspension oi spcvie pay
men,s by BANKS, NJ they arr at prcsgnt W.
/ gaslz,d The hemocr,iic doctrine .. "No
Banks, Is now The universal doctrine advo
Gated by all classes, AMI The rrcscn, trouble
may result IN something available. Weture
the following article from the New York
; Tribune, II II late date, ~ Indicative ul the
public min,i among those who haze hereto
fore been the sus,aincrs md advocates # a
paper currency,
III the people have ium shops they mast,
expect constant crop oi TONS. Standings.
mnsdererS and other destruction anl so, II
the! will hs,e paper money bank 4. tLey Nil
regularity snit,r Just such ~, Notary .nnhision
and disaster rs they ar NOW enduring. such
criSs's arr inscpsrah,c i,cm oHr paIsr mon
~ system Nicholas nd,l,, who NAV be-
CONSIDERED pretty good authority on this
SUBJECT, says, by IN inevitable law III ia ua.
tare. our mixed curnucy !, cona.u.iv tiuc.
tatiug FROM expansions and good TIMES
20 con,racttonS, prcs'ut,s auA hard 'im,e.
aud during tho~r Wyolntians ruin,ug Loa.
sauds
l'n' i~ there any reason Wis the great
horius nnd business clls4,r. ami indeed nlne.
tyniur mudrcithv nj oar whole ncop'a.
should he continually ,fmcu,cl hy tatsa
monetary panlcs. pressure md RUN Not
t,.t far. a ,.-.. 4
yrs had no, practically violated or ignonSl
the Constitution OF ,hc United S,u'cs, whicl,
they AL swgar t. observe. the erapl ca.as.
irophc It lSli would have hacn ,inknon "A
us scll IL, the thousand lesser pt,ssures sincn
That day up "a tho advent og the present
financial torual" Ihrt on.ttu,i0n intend
Cd onr money 10 hc gold AMI Ul,cr. hui Tie
abort ighiei II not cor1p', policy Of iosia
tors has filed thr thann.. Of circulation
with bank "p'c'n"cs ~ pay AMI to-day
mide spread rum aud intense suIic,lng ere IN
penal aud unavoidable consequences.
TIN unconstitutional paptr n,nnu, il. n
british institution Ruh, Whll' lltitnh Imam.
c'rra and Ttaicsnnn can keep np his credit
and ,Nisicn,T In This country, th.ywill Keep
III IN II yass'lag, more degrading than GO.
lon,ni HtrN itiid,s ahd 4 thousand tn,s more
profitable to them whllo d,spriimp "a of
our gold and SILVER com through the AGENCY
Of paper aud ,ls Inaucicfr. willoui TIC
trouble and nNp NJ al employing an utiny
and navy "a make IA, SEIZURE Asa ma.
ton, We have been and are ihr victims Of
patent SAFE game Of ilr sublime mag.
uitudc
if W. could pcfsuld, our COUNT v,n.n Ia
commcDce ut once IN the a,yoral sSlateH The
gradual dlsusc oi receiving bank ie4tcs Ia
payment IT public dues, tIl at the end OF
i've years nothlug should be- received bh
gold anal silver, and hnnka prohibited from
issuing any note under 800. We should
soon begin 10 rcnlizc n steady prosperity.
sueh ns this coun'ry has never yet enjoyed.
We could then not only ,Sel,angc pro-
duciions with Europe on mr terms, but
wonld manufacture aud export 80 them ma
NY things which We nov umut ,,clneiyciy
import. We might s"ou bcgln "a pay Of
that i've hundred millions # dollars which
the London Imc, says We owe gr,nt Brit
ain. causing "A yearly drain Of ihifi, millions
for interest alone. This uuwie debt /, the
natural child Of oar paper money. IA can
"lo,r's under which il IA claimed wc,,
emitted hy s,n,cs. or n,,,c,Jod 10 i,e nm.
iho'indhy them, those bomb are likcwse
unconstitutional
~, have IN ,ho.o co,,,,ps man, ,oo,,I,
AFRO. waruc., the isan.r. If ,b,.c l,,J, ,La,
they were 'iiecinally mlI'iying the tariff hy
their emission, ard that they would bring
the country ~ its rrrTpLt condition But,
IN the y,ry nature Of the huginf-a Che warn.
inys cou,i M, Il. nh.n,l,,I mill Ton l,,.
I, bus a cl,.o no,lop, Ia lin. nr,a,liny oi
,cm,s,nucc vbiL The State hyal;z,, dram
sLop nj every corner
WIN the ,n.y,iGccut I'm, natural ,,o,oc.
,on ,o our ,plns,,y iL,, womb cn.no f,o,,
ia, c,,,bIiA,p,u, If tl, unconstitutional ,,r
reucy If gold aud a,lycr. il,r,c voud lac M
nrrns,i, 81 ,Insciny ut,autI,o.c on I, ear.