Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-07-10

system s rotten in ITSELF and that nothing good can
come Of it We doubt not they have succeeded
10 considerable degree in docirinating with their
notions the masses, Bho have nothing 70 DO with
banks but TO use the notes they put in eircula>
ton"
"H they have confidence in their own judgment
las all doctors ought to hsve--and in their rene
dy, they should not hesitate TO give the patient
the benefit Of 1t. We beseech them, we entreat
them, we beg them to come up to the mark and give
us practical exhibition Of their skill If this
won't prevail, dare and defy them 70 attempt 10
apply their remedy. They need make no excuses,
the times are as propitiJus as they ever will be "
"There has been wind and gas, and humbug
enough, on the subject. If nothing is to be done,
Why own up and be quiet, honest people should,
An incessnt cry against banks, rotten, sWndliRg
shops, wherein contributions are levied upon the
great masses 10 support few Upstairs, Goldfish arts
tocrats, who turn up their at better men than
they hope to be- can effect no good puTp
Let 1t cease ana action takes its place "-FatTIot
We thank the Patriot for its admOnitory language.
We admit the force injustice ofits remarks. The
Democratic journals haze said much upon the evils
Of banking as illustrated in the policy pursued by
the banks of Tennessee. Was there not ground for
saying much upon this important subject viii
any one in the face Of the history Of the last twelve
months, assert that they have received lick
defrauded and subjected to the grOssest evils the
general industry, interests and welfare Of the
labOring, producing classes Of the State Will any
one deny that by their suspensions, frauds, defal-
cations and failures they have taxed the pockets Of
the people to amount greater than the entire sum
required of them meet the ordinary expenses ofther
State government We venture that the editors of
the Patriot, with all their Partially for Bank Off
cias, will not fatty deny this. 1t would be the most
ridiculous Hbsurdity to do so now, when half the
people Of the State have in their pockets some Of
this rotten worthless deprecated paper curren-
oy which is dead loss Of portion of their honest
labor, cOrruPtly appropriated by q corrupt system
to the pockets of few. Nor can these charges
against the general system be repealed by laying
them at the door Of particular institutions, when
the evidence is ample that a1-some more and some
less-haye contributed to the same result.
It is also true that to the journals of the Demo
cratic party is due Whatever credit attaches from
an earnest and effective warfare upon these abuses.
Notwithstanding it is question in which all are in
terested irrespective of party--snd notWithstand-
ing indignant murmurings have been coming up
from the honest masses Of all parties, demanding
some salutary remedy against the present enor.
nous evils of the rag money Ourrency-the demo-
cratic press alone have had fight the battle, whilst
the press of the opposition have stood alOOf with the
most perfect cOmplaoency. In this they may anti
cipate safety for their party, but if there is among
the people that intelligence and sense of justice in
which we have always confded, these walters upon
Providence, and party pensioners will as certainly
be condemned as the day Of public reckoning comes
round.
But there is q more material part of tae Patriots
remarks to which we desire to invite attention. 1t
says We have talked much and asks are we ready to
act intimsting that are not. We will say to our
neighbors that we shall deserve their reprosches,
and, for ourselves, will submit quietly to all they
may choose to heap upon u.s. if, after having ex-
perienced and exposed the evils Of the present
banking system, we falter in the least in our en-
deavors to root them out and apply the most efeO-
tive remedies. To shrk it in the least would be q
piece of moral cowardice foreign to the character Of
the Democratic party, whose only purpose is to
serve the country, and whose constant faith ever
has been that in doing right there is no danger.
We are free to confess that the responsibility rest
ing upon the Democratic party in connection with
this question is great and that the difficulties at
the country shows that the Democratic party, thus
far has proved equal to every emergency, there is
no reason to mistrust it in the future. few may
fslter for the moment, in dread OF the difficulties
before Them and in fear of the enemy in their rear;
but when the hour comes, the great of the De
mOeracy-the solid people who have prOmptings
to success only so far as success will bring material
good with twill be fou0d shoulder to shoulder
and hand in hand battling for the preservation Of
sound principles and equal rights, as they have
always done from the earliest history Of the gov
eminent, Let the Patriot feel sure of this, and
nurse its wrath until they shall have faltered.
One word of kindly admonition to our neighbOr.
The Democracy will choose for themselves the plan
of their operations. In correcting the evils in ques
ton, which have been so long accumulating upon
the country and which have become so closely in
with its various interests they will put the
patient under their oCn treatment and apply the
remedies according to their oun Judgment, without
going those who oppose them for counsel or advice
They commenced the work at the last session of the
legislature, and although they fell far short of &C
cOmplishing all that in the judgment of many could
have been accomplished, yet steps were taken, the
good effects of which will be recognised throughout
the State fast as they have practical application
We venture to assert that no reforza0tOTy feature Of
the legislation Of last winter on esubect Of banks
will be discountenanced by the people. The only
complaint will be that more was not done The
entire democratic party, with but few exceptions
are looking IL The right direction on this question
The principal difference between them is as to hOa
FAR they shall travel on the road of reform, and the
speed at which they shall go. All practical demo
Gratis recognise paper money as many paper rags
Yaueess IN themselves and to be trusted only far
as they give evidence that they are the actual repre-
'sHtatiUss Of real money, constitutional currency,
gold and silver. All reform must be in tie direction
OF specie basis, and must look to an increase Of
real money and a decrease Of sham money. The
farmer when he receives pay for his produce the
mechanic when he receives pay for his wares, and
the merchantman when he receives pay for his goods
want something substantial in value as the thing
parted with, at least that which is, beyond cues
ton, Immediately convertible The Democratic
party will work to this end. They may not 20 as
fast as lCe would have them, nor to the extent We
believe, however, they will Be that as it may, We
will travel in an unbroken column many days upon
the same road before there is a dverging point Of
any practical character in party sense.