Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-12-15
tennessee Leads the Van,

II is peculiarly fitting and proper, says the
Philsdelphis Argus, that the stste which con
tains the ashes Of one Of the greatest men which
this country has ever produced, should take the
lead in endsayoring to carry out the principles
which he 50 nobly coRtended for in relation to the
annihilation Of our miserable brown paper cur
renoy and the utter overthrow of the anti demo-
cratic shaving shops where it is printed. 1t is q
most humiliatiDg fact, that three-fourths Of the
clamor raised against the shaving shops by the
demagOgues of political parties, is the hOllOWest
sham that could possibly be imagined. 1t is hyPo
critical sap-trap altogether-WOrds without meanN
ing point or princple-uttered to amuse the public
mind, without ever being intended to be carried into
effect.
Words in Tennessee mean something The anti
bank men Of that State mean precisely what they
say. They are opposed to our infamous paper
prOmise-tOpay system, and they say 60; their acts
correspond with their professions They, at least,
are not time-serving political hypOerites. Every
Democratic journal in the State takes high ground
in favor of a purely metallic currency. The Mem-
phis AgaIaRchs alludes to this fact as follows:
In noticing, some time since, that the Shelby
vile CoHsItuh0Halid had changed Its editor, we
took occasion to express our surprise and regret
that our old friend and quOndam editorial associate
who now controls its columns, adhered to the policy
of his predecessor on the currency question We
are grated to learn as we do from his issue Of the
25th instant that the articles upon which we based
our conclusion were written and published during
our friends absence from his post, and are not en-
dorsed by him. The CoHsttlti0nalist IL, therefore,
all right and the banks are now left without
single Democratic journal in the State TO advocate
their cause, the continuance Of paper currency"
= ii f,HF.
ending in moonshiue Ii does not mean a mere pa
per opposition to the banking system, and then
hatch out q pestilent brood of vipers at the very
next meeting Of the Legislature, sickening and dis
gusting every candid person with the very name Of
politics.
We are thankful that the reign of demagoguism
is nearly at an end. The late elections shows that
politics must be lifted from the mire and slough Of
individual selfshness and corruption, or TIE PEo-
PIE will let politics alone We rejoice that ii is
We hope that those who are Interested "will take
duo notice, and govern themselve accordingly.
The Memphis Avalanche sums up the whole matter
in the following terse and able manner as the con-
cusions to which the people have arrived in relation
to the currency:
The people Of Tennessee have for years been lord
ed over by a set Of aristocratic mOneyed corpora.
tions and cursed with worthless and rotten paper
currency. The experience of the past, and the in
formation concerning banking operations and the
evils # paper money, with which they have been
furnished by the recent and thorough investigations
which the subject has undergone, have led them to
the conclusions
That gold and silver is the only constitutional,
sound and perfectly reliable currency.
That there is, or will be, when our paper eircula-
tion is driven out enough Of it in the country to an
al h. de Of do and
That il is the only and sound basis Of credit
That il is the best and most reliable regulator Of
the exchanges-of the country.
That banks and paper money are great and dan
gerous evils.
That they have been the cause Of all the monetary
commissions and financial troubles that have afflicted
the country.
That, so far from making money plenty, they rem
der it scarce, by driving the gold and silver-the
only real money-Out Of circulation.
That their tendency is to enrich the few at the e1
pense OF the mauy-to pull down the poor and build
the Tich man.
That, by begeting useless spirit Of speculation,
creating morbid appetite for expensive and useless
Injuries and engendering exravagant and foolish
habits Of living, they corrupt the morals, destroy
the industry and paralyze the energies Of the COM
munities in which they exist
And thst while they may be a convenience, the
facilities which they furnish to trade and commerce.
and the benefits which they confer upon the people
Of the country lall SMUT VI tue
cost of their maintenance and the evils which result
from their existence
They, the people, have therefore determined
/. That tbey will reduce the circulation Of the
State to purely metallic currency
.. Tha. ell the existing banks shall 60 out Of ex-
istence with the expiration Of their charters and no
new banks Of issue shall be chartered
g. That all means shall be taken, consistent with
the incorporated rights Of those institutions to rem
A. he circulation of the banks safe and more
easily convertible into specie.
The News
mn z...,-,r NIAGARA has returned She arrived