Marshall County Republican and free trade advocate. [volume], November 24, 1838, Image 1

About Marshall County Republican and free trade advocate. [volume] (Holly Springs, Miss.) 1838-1839

Image provided by: Mississippi Department of Archives and History

                
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VOLUME L
HOLLY SPRINGS, MISSISSIPPI, SATURDAY, NOVEMBER 21. 1838:
Ml ... ... I
'i; t; is. j.
;HE REPUBUCAll & ADVOCATE,
vr.iiUE. U HOWE.
- . . . 1 1 M . t L mm it m UmT
failure to ric wt racrf
ttrr4 M
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rr.
- SET
Itwr hflUBi
ttUajrj mm
rmnJ-Ute, fee 3. w
For Ibrty "
K AnMl AOmM' "
lit Cur tKe
. . r k nwir.
- I a
. l".'" - ---- - .-4 Ai .i.e.
t " 10 liar or I cm, wt
1J tr da
JJJOlt ffO HA' must be paid for mn. deterr.
Editor
ftK; Mnr will excite attention. Ine
writer otnortuniliei of ascertaining the
j
KXCELLKNT LETTER.
The fulloviing inst ailm'trable letter
. handed to wt several weeks since for
ruial bv a time-honored dbciple of Jef
rson, and pillar of democracy in Mar
alL We publish it believing it will
ae our democratic friendi a rnu:h as
i-u pleased u.
, Aie Kditorof the Trumnrt:
LZtm jjc good enough to announce me
: your next papr as a canoioaic i
t cnt this District in ineneu wm.c
tie L States. You are also at liberty
mate, a I shall do on a!l suitable oc-
. ioni N-fore th rrle lhat ? am TT
I have alwavs leen during the whole
wfffiT pr.blic service in the I-gi-tnre.fmm
1V21 to 1532, decidedly op
ed toil e election of Henry Cay to the
renidencv. 1 am opposed to hu for
er opinion, in relation to rehartenng
e oM United States Bank, which bis
end, ha erroneously denominated a
1 r.i oenmed to his optnions
'mt a rrotective tariff for the benefit of
-ort!iern maifacturer-to His opinions
i favor of Interna! Improvements by the
reneral Government within the Sstates,
iiher with or without their consent
ad in fact to the whole scheme of his
lively named American System. I am
-rxxetl to him as being a deserter from
he Republican party, at the most critical
eriod of her history. I am opposed to
n as a Federalist in principle, in doc
trine and associations. I am opposed to
Im, because if he be not an abolitionist
t heart, he has pursued a course well
calculated to aid and encourage them, m
V.r unhoW warfare against the peace
A safety of every Southern family m
which may every
H.t kindle up the fires of insurrection,
niumingour dwellings. and re-enacting
ion-5t us, the bloody and hart rending
enes of Sint Domingo. Ambition,
it will paise to inquire into my safety,
all never be pampered by my suffrage.
i these vou may add another reason for
y opr'ition to Mr. Clay. .No g";
entcaa live without aTrea-ury. With
ut the means of subsistance, your armv
ust be disbanded, your sailor dismissed
om service, and your judiciary cea to
..force the obligations of contracts and
, punish the guilty violators of the law.
Treasury on which so many of our bles
n 's depend. slould be in my opinion at
1 "times independent of the Banks. 1
t ish to see the government of my coun
f kl- n tit itself amd of itself de-
.n o nothing but the ardent love
the reoole. I believe it
to be the best government now on eartn,
ind therefore desire that an its insuiu
tions. civil, social and religious, may en
core forever. Who of us can expect
,u An a whilst its Treasury is nien
toJ ;th. und made dependent on all
kr.r hnhK!e of the dav on Banks
which are often founded on fraud and so
.,r!,u from corruption. I wish to
, nnra! Government, like 1
State of Tennessee has alwaysd one, col-
Ar. nutnrn and other aues
icviiui; iu v u .-.. --- m
off of those w ho owe mem, ior i
debu, 6y its men HjictTS, duly sworn and
hirinfr riven bond and security for the
purpose. In other words, I am in favor
of the Independent Treasury and wish to
fee the government ot my country, in me
irt liOIl lull UtlUUIKUKUIJ VI 1
nues. dispense with the agency of all sorts
of Banks whatsoever. Now to all this
Mr. Clay and his friends stand opposed
and instead of apian, wnicn oy long ex
rerience in Tennessee, we haTe found to
be a good one, desire to build up a great
marnmoutn msmuuoo, wju
turning all others able to make and un
Prpldent at its will and to tram
pie beneath its enormous hoof, the rights
and Denies oi vne jtropic.
v;r,; iut at dangerous as a Politica
Kingand lwill acknowledge no ailej
ance to either.
Respectfully.
A. V. BROWN.
A certain editor says, Min rain we have
scratched our head for an idea.
Another begs him to scratch it with a
fine tooth comb, and thiakj he will be
more likely to cuteh ont!
Th f. lowing letter from the
- - t-t
per will
- f rt i 1 ik. mw A cA Via n If.
abuses oi tne oann ;
ingsysteai are ample, and the picture
which he gives is sufficient to awaken
the energies of every patriot. The pros
perity and the very liberty of th countrv
are threatened by the abuses of the Rank
ing system. .
3 GaKiAD,Oct.ltISS3.
We feal it to be a sacred duty that we
owe to the cause of justice, to warn the
public against the infamous scntmes
which are now being concocted for the
unholy purpose of robbing the community
of their honest earnings. Every hobby.
from the theory of the alchemists to the
charms of animal magnetism, lias had its
day of triumph; but the present seems to
be the ae and the supremacy oi swin
dling in MLtippi- Unless the people a
rouse frcjm ucir. lethargy and put down
the nefarious, hand of robbers who are now
maturing the most extensive system of
speculation and fraud that ever disgrac
ed a civilized country, the character
and the prosperity of the State will re-
ceive a latai diow.
A hi2h handed system of plnder has been
rarried on bv most of the Banks in this
State for the last 12 months. This people
heran tt feel and understand the enects
of the syslem;but they have no idea of the
mnA AArr, iftntniracV bv which
UIIL t i iv. fik - I 4f y
... t . 1 I J
the swindlers contemplate me puuuc i
the con jnumty. We had out an lmper-r--t
a. rvf tK extent and enormity of
IVbk - w - w
the swindling and corruption of most of
the l3.t. xs in mis oiaic a ic v. .
and the real estate or unchartered joint
turk rnnaniea for the issue of paper
memoir im In Vlff with each other for
unremcv in the base art of swindling
the people out of their property; and we
now call on the public as they regard
their own interests and the prosperity
and honor of their country to be on their
ruard. The Banks swindled them out of
the principal part of last year's crop, and
they are bent on getting possession of the
present. The people were deceived by
the falsehood and knavery of the Banks
Ut vean but it will be their own fault if
thv r.rmii ttw llanks to rob them of
this crc-p after this warning and past ex
perience. The northern counties of the
State are more cursed with Banks than
even the southern counties; they are
springing up 3 or 4 in almost every coun
ty, and in many intances the unchartered
or real estate Banks seem to be more in
famous than those that swindle under the
roasts oi law. rui n ccizi
State is not sufficiently extensive for these
plunderer?; and they have extended their
operations to Texas. W e have been cred-
ibly informed that the -uaxiana tan
-one of the machines for making money
has despatched a pair of saddle-bage lull
of their notes to Texas in orucr to obtain
the property of the people of that country
for their worthless trash. It U said that
the Joint Stock Company of this county
has passed off in Texas fifty thousand dol
lars of their paper which u probably not
worth more than a dollar a bushel. We
know that it will not now pas3 in the verv
town in which it is issued, though travel
ers have it imposed upon them at a dis-
iinci of hundreds of miles. Banks whose
charter required the stock to be paid in
speoe or the notes oi specie paying
banks" have been organized without a
single dollar of either having been paid
m;n a ad now these same uanKS are is
suing and flooding the country with thou
sands and ten thousands of dollars of their
notes. These notes are put in the hands
of the agents in every part of the country
in order to be advanced on the presenicrop
of cotton; and each agent exercises Bank-
in? privileges!! It is m this way that tne
Banks intend to rob the country of the pro
ceeds of its industry. They hold out the un
press ion that as soon asthey send the cot-
ton to market they will redeem inernoie
with the pood money which cotton will
always command; but as soon as they get
. . . s
possession ol valuable property tor tneir
false promises to pay, they laugh at their
note holders, and use the tunas wun
which they ought to redeem their promis
es, ia speculations in pork, bagging and
bale roce". and in purchasing up their own
or their neighbors paper at 30 or 40 per
rmt HIvonnL or the lowest price lor
whi-h it can be obtained in market;
wKi th nork Aicis a train sold to the
people at two prices.
1
Every class of men who can exercise an
influence in persuading the honest and un
suspecting planter to exchange his cotton
lor this lrreueemaoie aui wbiiuich
will be souzht by the Banks to be enlisted
in this unrighteous and unholy operation.
Influential men of all parties are engaged
in iL Whijrs. Democrats and we are
sorry to say even nu!liers, from whom
w would expect Detter uungs, are iouna
dL v inff this swindling came. Every sense
of iujtice and lofty moral feeling seems
to wither and die at the approach of this
odu and avaricious spirit of Linking.
Mimbers of the Ledslature. members of
th i Church and ministers of the gospel
may be found embarked in these infamous
speculations. The saddle-bares full of
"Oakland notes (already alluded to)
which are probably not worth more than
as many OAK.eaves.have been entrusted to
a distinruished Irerend gentleman to he
circulated in Texas. By prayer and the
asjcinution ofnietyhe will mora effect
ufi-lly succeed in disarming suspicion and
lnr.noiinar on tne reoole. lie wia unless
this notice arrests his swindling carter,
toon obtain leagues of Texas land for the
contents of his saddle-bags. Men who
heretofore borne good characters and who
here would scorn to pick pockets or steal
a dollar from their neighbor have now
no hesitation in swindling to the an aunt of
thousand; what is the difference between
picking a man's rocket of fifty dollars Ac
ihedlrectorvof a bankconspirinz togeth
er 0 1000 ot their issues worth only 500. If
ten mechanics receive eacn one hundred
dollars of this money for their labor, or 10
merchants the same for their goods, each
of the ten directors might as well filch fifty
dollars from thepocket of one of these
note holders. Tne moral turpitude is the
same. The very men engaged in this
business will acknowledge its impropri
ety; but justify themselves by saying oth
ers are engaged in it, and we must in self
detence take a nana in me game, ii we
do not we will suffer the loss without re
ceiving any of the profits. Now, if the
whole country could live in prosperity and
happiness by swindling, this might be a
very good argument; but the very idea is
repugnant to every principle of common
sense or common justice, without which
the elements of society cannot where.
The notes of one of those esUbiinO-
will not pass eleven miles from ti e p;
of issue, unless at an enormous disc.
In paying for our dinner, a short distance
from Holly Springs, we had our choice to
pay 50 cents in irredeemable shinplasters
issued hundreds of miles off, or 75 cents in
McEwen, King St Co. notes! Those
who issued this paper might with as much
justice have stolen my property to the 1 iiy money left
amount of one-third of their notes, which Isrih you buy i
Cc:n sal t Seas.
Tm w ZU&tor T the lUpmW
Stsv In several of the late numbers of
the Ttatchex Free Trader, I have seen, no
tices of the Bank of Messrs. McEwen,
King & Co., highly favorable to this in
stitution; and it has struck me with some
astonishment, that, while people at a dis
tance are thus disposed to award proper
credit to individual eaterprise and public
spirit, there sliould be individuals in our
own community who not only refuse to
award this meed of praise, but who are
actually busying themselves to detract
from and depreciate the value of this rAo
ner, which really constitutes almost the
only circulating medium now amongst us.
This is a strange policy to me, inoee I
ask such individuals to pause and( fd
upon the consequences likely to s
from such a course before
this suicidal policy any further.!
your efforts to be crowned wiV
suppose your rash purposes ali
plished what would be the result? :
not oar community be left literally wit
a circulating roediujn-JnJ?;al Estawi
Bank (ano&s
is raiu-
culation. When this event tales place,
should the Northern Bank not commence
business speedily and liberally, (which 1 1
very much doubt,) we shall "be literally I
left wiihout a circulating medium, except
the paper of Messrs. McEwen. Kiag
Co. I ujs certainly, Uierefore, the interest
of all bur citizens to sustain this instita-
tion; aad, if they would be united to a
nan, as they should be, it would be an !
yksy matter to place tl-Ls paper, in a short j
time, upon a par with the best naooey in j
the State. This is no reckless assertion, t
made ithout reflection- It is baie-J c- i
on the fUowing reaso&s: The-genilesaea v
at the head of this institution are oea off
character, integrity and business capacity;
thev are mea f property, enterprisa aad f
pCJic spirit. "
The bank has reduced the ar teat in
circulutioa about two-thirds sic ' -'larcL i
Ml
r .
ionxtiiae amount
able as.-"'., a?n Jbf'
won XT
Ml al- r
estate1 :
Kite stockholders
m fg us with the rapi
in lovember. A rive
as a half eagle
rash and uv
suicidal vf
15 UlSc i
fcuiation.
vr
rn. uran
of the state
from a-
in ioven
a ?ht as
land
Jl in prostrati
y
childr
might grow rich
spoJs, (for the
I spent alter taking them in payment or wife and
debt; and yet it is said that this institution
intends to throw out two or three hun
dred thousand dollars more of its paper,
and exchange it for cotton!!!
Now, as it is impossible for a cheap or
spurious currency and a sound one to cir
culate together, the above evils will curse
the country until public indignation shall
have banished them from circulation, or
until the laws of the country shall have
provided apartments in the penitentiary
for all men engaged in this nefarious
swindling. As the latter is necessarily
a work of time we now call upon the peo
p!e to adopt the former. Every honest
man is interested in putting down this
system of robbery. Let the nones t mer
chant, mechanicplanter and professional
man meet and declare unanimously not
to receive any of these false promises to pay
either in payment of debt or for cotton or
for merchandize. Now is time to destroy
these worse than Egyptian plagues. Lex
the planters refuse to take their paper La
payment for cotton. If they are indebted
to the Banks let them sell their cotton for
good money and purchase up the trash to
pay the bank debts This will be an ef
fectual mode of disinfecting the country
eradicating one oi the most loathsome
and diseases that ever afflicted a people not
under the special vengeance of the deity.
If the people do not pursue this plan, but
place their cotton again in the hands of
the swindlers, they may prepare to pay
40 or 50 dollars a barrel for pork next
year. Their currency will also be worth
about 50 cents in the dollar and the Banks
will reap another glorious harvest, buying
up Banknotes,extorting from the planters
and mechanics about three prices for pro
visions, barging, bale rope, dj-c and final
ly they will destroy the whole planting
and mercantile interests of the country.
The honest portion of the community is
called on by every consideration of jus
tice, of patriotism, of self respect and sell
defence to consult together and unite in
one solid phalanx to resist the desolating
march of those bold and daring swindlers.
Some of the Banks will resort to every
trick and device to deceive the people this
year and to get the control of the present
crop ot cotton. They took the Lion's
share of the last crop, and it will require
some ingenuity to cheat the planter again
Last year they held out the idea that
they would check on the north in a few
weeks and make their paper good; this
year they will be compelled to raise the
value of their paper which they will do
about the commencement of the season.
They will then induce the belief that they
intend to resume specie payments every
month. Bullet the people have nothing
i r.i -t .i r
to ao wim uietr paper or ineir promises
till thev commence oavinsr snecie. Thev
were deceived last year; this was the fault
of the Canks: if they are plundered this
year the fault will be their own. When
the report of the Bank Commissioners
shall appear, the oldest swindlers will be
astounded at the scenes of speculation.
corruption and fraud which modern Uank
mg has given nse to in this State.
JAMES HAUAH.
r
mp
J 1
J 1'
k
i
7
5f forest foliage
a uui u as rare
Leave, then.
ted men! your
for if ydu suo
redit of this, the
t us, wherewith
mg to teed your
A few individuals
t peculating upon the
ney is admitted on asi
hands to be uhimatelv rood.) but our com
munity would be left wholly destitute of
a monied circulation.
Eut there is another view of tjvsub
jec; which makes such cj4uct oh the
part of our citizens stijljk reprehensi-
ostances un
x "This place
ij recollect-
Cwhen cni-
hole com-
ed
a sp
MrOJCVtif
and limi
reJecspticQ
.iranv seics ion.--1
g gervraJ and not
is surely security, stgkaext to sausfr the
most fastidious npo iWw branch of the
subject. " Therefore it is thahTr man
who is so disposed may with the d'Jssi
propriety and cocSdence recocanend the
money of this bask as good. Ia addition
to this, there seetns from many recent in
dications toa reneral dipo.tioa on
f - ' , f3?ope at a
the part of
cilitate th
all whic;
ar
e
Ft
wc
a
we
A School-master having missed an Ap
ple from his desk, which he had a. short
time previously deposited there, and con
jecturing that his wife had purloined it,
he instantly despatched to her the follow
ing: Your mother Eve an Apple stole.
But ate it not alone.
She gave a part to that dear soul.
Of whom she was the bone.
I'd have my Eve, at Ltast as kind,
I therefore fce, dear madanv
You will another Apple Cad, ...
And send it to your Adam.
Lie. What were thf
der which the two!
came into existent"
ed by all, that
verxa.1 distress: imyr3l "ft--
munity when with on Jersal crash
credit was prostrated inV-ery direction;
when a gloomy cloud with portentious
aspect, and brooding dire destruction, o
verspread the land, menacing onegeneral
wreck of wide spread ruin. WTiedall the
chartered banks of the country, with one
solitaryjexception, drawing themselves up
within the miserable nutshell of their own
sordid avarice, were denying even to the
most wealthy the means of purchasiirj
the absolute necessaries of Hie for it Is
in the knowledge of the writer that ou
many plantations in the lower part of the I
state, the negroes were actually turned
loose to irabsist themselves the best way
they could, and growing crops permitted
to go to destruction. Ft was at such a
time as this, that a few eaterprisi g and
public-spirited individuals cme forward,
and filled with solicitude for the condition
of the community in which they lived,
pledged their property and staked tteir
credit, and made the two benks which
have been in operation in this rTlace.
These facts are within the recolleclicn
of us alL By their assistance, unaided by I
-. i ...
uy oioer institutions, we nave vrcamer
ed the storm of distress end embarrrss-
ment which has swept so fiercely over
the laud. The cloorav cloud of adversity
hich so lately hovered with such por- Is
tentioos blackness over us, is slowly pass- j
mg away, and the sunshine of prosperity
is beginning again to smile upon us! Nay.
more, in the very midst of this pecuniarv
embarrassment, unexampled in the south.
a town has sprung up, whose growth and
importance thus far are without a paral
lel. It will not, I presume, be denied by
any, that this mizhty work has been ef
fected by the facilities afford rd by the
banks under consideration.
Under such circumstances, does not the
indivtdual.who is so heartless as malicious
ly and wantonly to attempt to prostrate
the money of either of those banks, de
serve the most decided reprehension!
And does not such conduct deveiope great
obliquity of moral principle? I am dis
posed, however, to be more charitable
than to attribute such motived to any of
our citizens; but rather to suppose that
their conduct proceeds from a want of
due consideration. Because their money
is not exactly at par with some of the old
banks, and they occasionally have to sub
mit to a small discount on their money,
they denounce both banks and bankers,
without once reflecting upon the benefits
the community have derived from them,
or recollecting the obligations they axe
under to them.
All the different parts of society are
inseparably connected with, and mutually
dependent upen, each other: their inter
ests are so interwoven and dove-tailed to--eier
that, like a piece of beautiful me-
ehanism, you cannot destroy one of the
parts, without marring the beauty and j
destroying the harmony of the whole ed-j
ifice. Cuch I conceive to be the relations :
trtiich exist between this corr"nity and
tba banks in question. If tha nraunv
drprcciata their money, they, in the si
ratio, diminish their own prosperity. X
is. therefore, the iqtarest of every rnan.in ,
this section cf the State to rally around
thesa banhs aad sustain their .credit: !
Iore psxticclarly b it thsir interest to!
besy op the pa par cf Ilsssrs. 2HcEwen,1
Ilisj Cz. Cobecanss I understand it to be j
tliA r:rroos2 cf the other banx to dose the,
concern as soon as it can drays its cjr-
i distance to fa-
of its pa er. Froca
- that ii oar on peo-
. d with oce accord -taking
by the eater-
"zable individuals at 1
. "jistitctioa. its paper
verv short time be placed oa
1 With our best river taocey aad 1
: 71. o lead of belec shaved froca 15 to
30 per cent- when we go to Memphis to
purchase our supplies, could Ea4e our 4
purchaj&s at the ordinary prices La aay
markets Irom Cincinnati to New Orieass-1
Lest it should that this essay is written I
af-ft intrMtei! in thiihdTLk. I will here I
state that the writer dt-es not own a sin
gle dollar of the stuck he does cot owe
the bank a dollar never borrowed a dol
lar froca it nor has be ever bzd a busi
ness transaction of any character -ith it I
in his life. He made socne inquiries La to
the condition of the institution, ari wrote
this article with the the view of benct-
ting th2 community ia which he Eves
and hlxliseh" amoo.t the rest.
GALLATIN