The home journal. (Winchester, Tenn.) 1858-188?, 1859-06-16

be carried.
| think have shown from hislori.
cal facts, that Banks ofpaper crcula-
ton nre not absolutely necessary
tor commercial purposes, and the reg
ulation Of exchanges, and from our
own immediate observation and the
experience of many that a badly reg.
ulated system Of Banking is one of the
most vitiating and dcporabIe calam-
tiles that has ever afflicted our Coun-
try. have also endcavored to show
byrclercncc to the charted conditions
Of Banks in existence, that such re.
form can be made rs to furnish US
with an cver.availablc, sound circu-
lating medium Of mixed currency,
If we act wisely, we must profit
from the lessons Of experience. The
work Of reform has already commen.
ccd, and y wise aud .udicious Legisla.
turc will effect its consummaton, and
the Indebtedness OF the State soon be
IiQuidated. We have q cheering
proof Of the reform already made
from the late advancement Of our
Bonds from the low rate OF about 60
cents in the commercial cities OF the
North to Of cts with an upward ten
dency. Ovcrtrading and speculation
have been checked, and confidence re-
atorcd. oppose any further State
appropriations while the state is in
debt, unless in case Of unseen rebel.
lion or inSurcction, or some such
catastrophe.
roLITtCAL.
From the establishment of the Fed
eraI Government, political parties
have divided the people. During the
administration Of the elder Adams,
the lines were distinctly drawn be-
tween the Federal and Republican
parties. The struggle between the
parties for the asccndency in the gov.
ernment, as is generally known to the
whole country, resulted in placing
Thomas Jefferson, the great apostle
Of liberty and defender of popular
rights, in the Presidency over his an
tagoni5t, John Adams the leader ofthc
Federal party.
\ government in the hands Of the
pcop'c-a popular government, was
then bat an experiment. Many promi-
ncnt statesman, honestly doubted
the capacity Of the people to rule
themselves, and were consequently
| the Jealous advocates Of a strong cen
tral governmcnt,--a consolidation OF
the power Of the States in the Federal
Government. The prcjulices in ia.
vor Of such government, had been i'm
hibcd from too great q vencration
Of the limc-honorcd institutions of the
mother country by a respectable mum.
Der Of the statesmen and patriots of
the Revolution. The republics of
other days had existed only long
enough to render doubtful the expert
mcnt OF Il government that was to EN-
inatc directly from the people. The
! foundation upon which most of them
attempted to build the Superstructurc
of their greatness, was deficient un-
/ generous, and contrary 30 the estab-
Iishcd principles Of human nature;
whilst others founded on more endu-
ring basis, met with their early down
/ t.Il by the political corruption and
moral terpitude that had crept into
their halls of legislation, and contain.
mated the citizens,
The defence Of State rights, and u
strict construction Of the constitution
the general Government, the advo-
cacy, rs a general principle, that it is
best Tor the peace and happiness Of
the Union TO avoid the exercise of
doubtful powers, and administer the
government rs far as possible upon
plain and admitted principlcs;--a lib.
cral and untrammclcd commercial po.
Iicy--thc principles OF free trade
| throughout the world, the freedom
of the seas the doctrine Of progress,
in keeping vita the advantages Of the
age and the increase Of tho true re-
sources OF national strength by the
encouragement of industry in ag-
ricuItural and mechanical pursuits;
the general diffusion of intelligence,
the annihlIaton OF prejudice. the ava.
Scuing up of II general emulation and
uniting in the bonds Of general broth.
crhood all mankind; the adherence
Of the practice OF mngling up religion
with parties and calling in question
certain forms ofrcIigion as objections
or diSquaIiications for office, the sup.
port OF the policy Of territorial expan-
sion, and II hearty welcome with
open arms TO receive foreigners flying
from oppression in their native land
and bcstow upon them the rights OF
| American citizens. after II brief resi-.
dcncc in this country; and in fine, the
ameliOration of the condition of man,
and the full exercise OF his nobleSt
powers and attributes, have ever been
some OF the leading characteristics OF
| the Democratic hosts Of the nation.
To principles 50 cnnobling. so expans'
! i've aud progressive, and SO well calcu-
lated to accelerate free people IN
all the clements of true greatness
the Federaists, under whatever name,
have ever been opposed.
From the origin Of our government
TO the present time, more than three
lnurths OF its existence have been un-
der Democratic administration and
: every year ofsuch administration, has
tecmed with fresh proof of its utility
and blessings. Great as has been
the extent Of its territorial expansion,
AMI rapid as has been the increase OF