Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1859-03-10

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ment TO crush every bank in Virginia, and
in many other States, if not in all. Is such
party to be regarded as States Rights or to
be called Democratic?
Mr.. Bolts criticized with severity the
statements of Mr.. Buchanan's Message in
regard 10 the causes of last years CONNER
cial crisis, and attributed that disaster main
ly TO the absurd financial doctrines of the
Democratic party. He would not recon-
mend National Bank, but he expressed
his individual opinion that no financial
agent was more free from objection, or had
operated more benefcially 10 the country, as
would properly guarded and well conduc-
ted National Bank. Sooner or later we
shall be compelled TO resort to something of
the kind. 1t is mere qustion of time, un-
less something different from The Sub Treas
ury, and far better, shall be suggested
Another Democratic reason for our COM
merciai distress Is overtrading. Our peo-
pie were extravagant-so says the Presi.
dent. Admit that they were. How could
that fact produce like distress in Europe?
The true cause of all our disasters is the
destructive system fastened upon us by
Democratic legislation.
Mr.. Bolts discoursed at considerable
/ length upon the characteristics of the Sub
I Treasury and of Democratic free-trade,
which he illustrated in various ways, COM
batting the dogma that Government has
nothing 10 do with the labor of citizens and
no business 10 project their industry. He
urged the importance of protective tariff,
enlurging upon IFS benefits 10 the farmer,
laborer and the whole country. Ii is pre-
eminentiy Whig measure upheld by Clay,
and always opposed by the democracy OF
tie present day.
! The present condition of the national
Treasury received some attention from Mr..
Bolts. At the commencement of Buchan-
ans term there was a surplus Of over ST.
000,000. Mr.. Secretary Cobb commenced
buying up Treasury Notes at high premi-
ums. The President believed the Sub
Treasury beyond the reach o: periodical re-
vulsions. Presently the vaults OF the
Treasury were empty, and loan Of $20,-
0C0,000 in the form of Treasury Notes was
called for. The Government is now by au.
thoriiy of Congress, re-issuing their notes,
so that in two years the surplus is used up,
the current revenue consumed, and a debt
of $i00,000,0GO in prospect-more than
half of it being already incurred.
| Mr.. Bolts remarked that IN one respccl
a prominent Democrat, 70 wit: The Presi-
dent himself, had paid just tribute TO the
sagacity OF his political opponents, by de-
claring in favor OF the old Wing policy Of
specific, as preferable 10 ad rd'orsHr, duties
But his party will not yield TO his sugges-
Ions, as that would be an acknowledge
/ Of falibiliiy, point on which they are as
strenuous as the Roman Catholic Church.
What Mr.. Buchanan says in reference TO
specific duties, is precisely what we have
been trying to impress upon the popular
mind, and upon the Democracy in parlic-
ular. for twenty-five years. But his rec
ommenda,ion cumes too late. Ii it had been
made at the commencement of his term, be-
fore the offices were distributed, there is
no telling what effect might have been pro-
duced. Why does the President make One
recommendation and his Secretary Of the
Treasury another? There is but one an
swer. The President speaks TO please
Pennsylvania, aud the Secretary 10 crafty
the South.
The President also recognizes and ap-
proves the cd Wing doctrine of internal
improvement. He goes for the Pacific Rail
Road. To be sure he does it under the war
making pretext. Very wei. No matter
in wha, clause Of the Constitution the pow
er IS found, provided only that be drseoy-
cred somewhere. The result is the same.
Having thus showed the actual and SORROW
ful condition of the country, and the causes
which have let TO it, the inquiry remains
what is the remedy. The first thing TO be
done is TO get rid of democracy, and there is
but one way 10 effect this end. That way
is 10 unite all the opposition. Neither the
Republicans nor the Americans, nor the |
Wings, are strong enough separately to beat
the Democrats. No two of them combined
can do it. To succeed they must all join
their forces. AL sectional issues must for
the present be abaied. God grant it could
be.done once for ull But il must be done
now, or all the Southern States will be uni
ted in favor Democracy lin which case e
very little aid from the North will gire
that party The victory.
Dotf. IL III