Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1859-07-23
SATURDAY mOnNrNe, JULY ss, 1850.
BE Not Deceived.


We have thousands of readers who well remem-
Der the prediction of the Opposition, when Gen
JACKSON thrOttled the United States Bank and
stranged the monster; who remember the prophecies
ofruin which were then made; how exchanges it was
said, would be impossible; how The poor man would
have to work for a dime day; how grass would
grow in the streets of the great Cities aud blue ruin
stalk unchecked through the land. We have thou
sands ofreaders also who remember the ferocious de-
nuEcatiOas by the same men of the Sub Treasury;
who rememberthe charge that the Democrats wanted
to make one currency for the Office holders and
another for the peoples" who reeOllect the proph-
eey, that, under its operations specie would have
to be carried from end of the Union to the other
at an enormous expense and with heavy loss that
the Banks would all be brake and that man couldn't
travel 10 New York and back, because he couldn't
carry money enough in specie to pay his expenses
and there wouldn't be any thing else in circulation
We have thousands Of readers also who remember
the effort of 1901 to recharter the old Bank Of
the United States, how it said that, with such
rechsrter, money would be plenty, and without it
every man would be bankrupt; how, without it,
the products of the farm would rot on the hands of
the farmer; horses and mules difficult to give away
negroes and lands impossible to sell, and a
whole volume of similar predictions of evils and
poverty unmitigsted to the country, only to be
sverted by National Bank. Most CT all these
prophecies of RUIN are within the personal recOl-
lection of all oil Ter readers These readers not
only knew that all these prophecies have failed, but
the very reverse of all of them has come to pass.
Not one of these croaksrs of evil now asks for q
National Bank, and the man who would advocate a
repeal of the SubTreasury would be hooted at even
by the Opposition.
Reader are not these "reminiscences Of the past
Q sufficient answer TO the Opposition eroakings of
the present? The prophecies of evil from Demo
cratic legislation in regard to the banking system
of the State, are but a weak rshash of the argu-
ments made by the same men when the Democrats
broke down a monster National Bank and establish
ed on Independent Treasury. 1t was with this ac-
ton of the Dam eratic party that the country took
her longest stride in the march of a wonderful an
unexampled prosperity. That is history. 1t was
gamblers and spectators, welding the cd Wing
party, who made these prophecies. Tier Graf: was
in danger, while the interests of the people and
the prosperity of the country advanced.
It is the same classes who ere the leaders in the
present assaults On the Democratic policy relative
to banks. The sans prophecies of evil, which the
country has twice within the last twenty years lived
down and branded as false by prosperity as won
derful as il has been steady, now made by the
same men who were National Bank men in 1886,
aud anti-sub-treasury men up to 1874. Every ar
gument made then is repeated now with as much
brass and impudenee as though every argument
and prophecy had been faisifed by the events Of
thetimes. When, two years age, Democratic Legis-
ature took the first step the people against
the excuses and tie frauds of the banking SYSTEM
Opposition members declared that those measures,
which but Opposition leaders now assai, would
ruin the people. The people see that, instead of
ruin the legislation referred was the wsest in its
inception and the ksppiest in its results of any
which has been adopted by our Legislature.
Who, then, can believe the present predictions of
the Know Nothing Opposition? Democrats do not
desire to destroy but they determined to render
secure, the banking system. Bear this in mind,
reader. Aud bear also in mind the exact issue be
tween the Democrats and the Opposition Know
Nothings That the former are determined that the
People shall govern the Banks; while the latter
laboring to perpstuste system by which the Banks
may govern the People