Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1859-09-14

DamocuATIC HAHBECUE-
The Democracy u Raleigh and vicinity VII
give a barbecue at that place on fnuFsasy'
the l5th day Of September. The Commune
q Arrangements consists q the following
gentlemen. L.JANEs. B. ". PHToE end HIS
EFFEHsoE.
INTERNATIONALLY AND THEHANhN'
We bsve sajl that the Bank question las
exercised q very marked influence upon ine
recent s.ate elections, says The Na-t'hie
u-s,n o,5 Fuoioan, and mentioned the an
slsm growing out Of this question had bob
sL,- 5susged rs to some extent. We ir not
-,.r5 bv This 10 assert that the aggregate Of
Democratic votes had been diminished; an The
contrary. we deem it not improbable to- the
increase upon the Democratic majority 1856
spartiv due 70 Tie sound position Of or Hat
form upon tie subject. In short, NJ ave,
probably, both lost and gained votes ~ tins
quest On lest by the natural alarm @ aos-
VIA were made to believe that the cleo D Of
he Democratic ticket would Be the sign Tor a
crusade against the banks gained MOI han
We lost through the honest desire Of the oPle
q Teunessse 10 see a thorough reformau % Of
our banking system inaugurated-
Tbealarm we have alluded TO migt ave
been seen 70 be utterly ~groundlsss BY bose
who examined our platform, FROM whtehi VIII
be seen that no attack on existing bank in
tended. but a number Of sanitary restrie ons,
ea,cnlq.ed 10 increase the public confdf-ce iD
snv bank whose business is transacted upon q
sound basis. and Only TO injure such as are rot
ten in their financial condition
But We have ssid. continues the Unioa. that
Democratic speakers and writer's have IL
some Instances given ground for alarm By
fbsir war Of eEuressing themselves, and
hat rot only BY dwelling too exclusively
mon fha abstract doctrine Of a Retallic
currency without sufficient modiheanoas 10
asant their views practically 70 existing
cf-cnmstances. but also BY speaking at The
banks in q vi,dic i've and irritable tone as
Il they wsrs 70 be treated as eneniss BIZ the
Dmoera { party. This We have heard, ard
noe s'ncs the elseion han before it, we have
! n heard snd read the expression Of the
fses, thst row We have a majority IN both
Houses Of the legislature, we shall have ar
opportunity Of punlshing he banks Tor he IN
e renca they have exsrted against rs Wehav'
nueh dsnlorsd The existence OF this feeling,
howevr limited nay be its extent; i l. uue
ghat &. is slmos. the nseessEry result q tn
uz7nari IN Which the Opposition orators tried
70 force he case Of The Union and Planters
Bank into the discussions OF the canvas
They were warned by ourspsskerstha TIE in
syitabis result would be to provoke . hostility
w5'ch then had no sKistenee-but TIE Dsmo
cratic party should be wise, too conscious Of
lie impre.n7ble position in the confidence Of
she probe to be iritated into any thing.
T e slightest rrhsctioH wil BE sufficient 10
eo-vince one that This is q qasshon deeply in
volvin- he commercial interests o. the state,
ami oneia references to which false step would
Be pregnant with ruia to thousands. i is the
last question. therefore, which should b. aP-
preached in a yindietiFe spirit, or with q
feeling Of poIHcal evaporation; on the con-
trsry, il should be taken up BY those who vii
lave TIE disposal OF it with a profound sense
II resnons ibfTr, sndwih the viii to seek and
srsn themselves Of he wisss, counsel procur-
able On any quartsr-the ablest 6nancisTs and
he most practicej iuris-s whom the party can
f1-nish tho1l5 be consulted before a single
measure Be- laid before tie Legislature, ard
svsy provision and every amendment that nav
bs surEss.ei during the progTesso Of legislation
should be studied and weighed, not only By the
elect legislators, bat the sblest politicians
e the party, whose o~ounsels may beavsilable-
TIE wei bein-o the state and The future
s5=uiinS o. the Democratic party are both
teerly Involved IN this matter. TIE party il
-le5rsl 90 institute q reformation by which the
e.rlz vhan Be protected from the shameful
2 Z -erT vhich they have Suffered under the
prss II system, and at The SAM time, to So
ere thsm Ia The posssssion Of a thoroughly
sound curre-ry for their commercial purposes
Z, fhey rEH fhis pledge, 50 wiH they Be judged
b. Asir c0ast fu-at.
We have said that in coroooting The meas
urss that nay be adopted, the wise and abe
men o. the parts. bo'h in and out q Tie Legs
hsue, shoa,5 b. coasalse3, the most ropious
Information as to TIE existing system should b
collected. and the measures, when CONSTRUCTED
su-ni-teI 10 q well eho=eu committee Of prar-
tcsd ~an-nciers ard J%urists; believing this, VI
sbo1 nd Be guilty Of presumption were We our
selves 10 oHeF any scheme for The correction
o. srch a measure, to which indeed We ere
FER frcm feeling ourselves competent brt We
viii throw ont The following suggestions a. d.
rsctnE attention rather 10 objects 70 be pro
v5e5 fcr than to lhs mode Of providing 70
then.
C7nsisteniy with the provisions OF our plat
form D. ne allie basis rus. Be adhered 10 20
closely ss The Circumstances surrounding Us
viii adait O., by which ws spPrehs1d Is m
dsrztooi a currency which Is promptly cen
rsrtihls into gold and silver at tLe pleasure o.
tb- hol5es,-both he compulsory rsdenpior
o. notes al tie co1ntsr whence tbsy were IT,
s1ss, and the dis-eouragmsnt Of small notes
are measures which would ala in sccomPliss-
"a rs, f5- The f-gt woala deter banks firm
Isss-ag mo-e than they were able to redeem a.
an how're notice, ard the latter would renovs
on o. the uss potent agencies in bsnishine
specie froa circulation, namely; the Use Of
sn7n no.es 10 tie exclusion Of specie in ordi
Bary re-sl Iansscloas- AZ is the deman7.
90 is The saPPiy IN gold and silver, as in ever
thi-g else. ANY system which disPs ses wiz
tense o. = metallic currency Is sure to send Of
tie gold and silver 20 conunnities who have
more use Tor e. So la. whenever a pressurs
Hpo the bank takes place. . deposition {
% Infested 20 demand a fulfllmsnt Of bel
promisss 70 paw, snl there is net specie enough
In the STATE b do zo-it has an been expelled
bv TIE substitution Of snail noteg.