Year: 1859

Will the people ruin themselves


When the people are advised by the
leaders of the democratic party to put
down the banks and resort TO an exclusive
metallic currency, they ought to consider
one fact before taking such advice, They
ought to consider that they are the debt
ors of the banks, and that the banks owe
them nothing, The entire capital stock OF
the Union and Planters Banks, amount
ing to about four millions Of dollars, i. In
circulation among the people upon bills
having ninety days to run. This immense
sum of money regularly returns to the
banks and is regularly put out again every
ninety days, and supplies the trading pur-
poses of the people, Now, suppose the
Legislature shall refuse to recharter these
banks, or if chartered, throw around th am
such restrictions as to render il out of the
question for the present owners of the
stock to accept them without fair chance
of ruin to themselves, what is the inevita-
BILE result? Why, the banks begin at once
to wind up. The first step to be taken is
to get in their capital stock, This will be
done in the shortest possible time, the
the most of il within ninety days from a
given period 1t will be withdrawn from
circulation IN specie, or in their own, notes,
and never to 60 out again. You cannot
pay your indebtedness to the banks Of AZ
ALBANIA Georgia, North and South Carolina,
or in any other currency You must re-
turn to them their own paper, OF the gold
and silver. 4a.d ts ra o. ihaa


p bet every dispassionate man consider
what would be the result of so sudden a
contraction of the currency. The banks
would lose nothing, people would lose all.
Distress and ruin would pervadethe State.
and raise 5clamor before which johnson
Harris and their followers could not stand
for one moment. The wrath of a ruined
people would drive them to the caves of
and curse them in every breath
That result would not be the worst. The
other banks, with a view of supplying the
great vacuum of circulation, would flood
the country with currency they never
could redeem, and ultimately break and
leave their worthless issues, like so many
rotten rags, in the pockets Of the people.
That, even, is not all, nor the worst? The
people would demand the creation of
a new set Of banks, that would, under the
Of popular excitement, plunge
into aawild whirlpool of speculation, and.
destroy themselves, ruin the
people and entail on them debt, and upon
the State a load of obloquy, from which
a. quarter Of a. century would hardly suf-
fee to recover, > Let the people, before.
they vote for the bank destroying DemQc-
racys . take these, stubborn facts into seri7
GUS consideration, If they wish four mil
lions of their currency drawn, mostly in.
specie, out. of their own pockets, letthem
vote with the men who declare without
reservation that tile thanks must die the
death IF, however, they wish to avoid
the calamities inevitable upon violent
Of nearly their entire curreni
cy from among themselves in species and
have it taken from the State, common pru-
dence, the instinct of self-preservation,
requires that they shall vote with the Ops,
position. Memphis Bulletin ua1l 30 s.Isil


r-s-l, Il --i-y-4-i-- - .----------7 bus sIafta
CHOICE OLA Although we are
sure that young men would rather let their
mothers choose their hose than their wives,
yet we think our choice in publishing the
following good advice, At all events.
some of our fair, readers may profit. by
it. rai aai'fl3 -5a uaf. .i. f,fa saha7.


Snow John listen to me, for l am older
than you, or could not be your mother.
Never do you marry a woman, ohm be-
fore you have contriyed to drop in atithe
house where she lives, at least four or five
times, before breakfast. You should know
how late she lies in J, bed in the morning.
You should notice whether her complex,
ion, is of the. same in the morning as it is
in the evening, or whether the morning
wash and the towel haven robbed her Of
her evening bloom You should take care
to surprise her SO that you may see her in
her morning dress and observe how her
hair looks when she is not expecting you,
If possible, you should be where you could
hear the morning conversation between her
and her mother If she is i'll -natured or
snappish to her mother, she will be to you
But if you find her up and dressed neatly
in the morning; with the same counte-
nance, the same ready answer to her moth
er, which characerizes her in the evening
and particularly if she is lending hand
to get the breakfast ready in good season
she is a prize, John, and the edsooper you
secure her to yourself the better" "a,


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