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Editorial September 3, 1846

Wheeling Times And Advertiser

Wheeling, Ohio County, West Virginia

What is this article about?

A Richmond Times editorial highlights a Mississippi Senator J. Speight's letter protesting the Senate's passage of a bill issuing $10,000,000 in Treasury notes on July 18, 1846, arguing it unconstitutionally turns the government into a 'shinnplaster bank.' He criticizes the tariff bill for offering little relief to the South beyond abolishing specifics and minimums.

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The Democratic press, or the more crafty portion of it, has endeavored, by raising a great fuss about the opposition of the Whigs to the Administration, as if they could be expected to support it, to divert attention from the censures so liberally bestowed upon some of the leading administration measures by their own party men. Nevertheless, some of the more bold and independent of the party will make themselves heard. The following letter from an honorable Senator of Mississippi to the editors of the Mississippian frankly speaks the sentiments of a leading democrat.—Richmond Times.

WASHINGTON, JULY 18, 1846,

Messrs. Pierce & Fall: I am not in the habit of writing for newspapers, because the city newspapers give the news, and sometimes our fancy leads us to write what never comes to pass. But, sirs, I will depart from my rule just far enough to say that a bill has this day passed the Senate authorizing the issuing of $10,000,000 of Treasury notes, to which, in behalf of the people of Mississippi, I enter my protest. I am opposed to converting this Government into a shinnplaster bank. The constitution authorizes it to borrow money, but nowhere do I find any authority to issue Treasury notes: therefore, let the Government raise its revenue by borrowing or by taxation. The Senate is engaged with the tariff. I cannot say what will be its fate. Beyond the abolition of specifics and minimums I consider it but little relief to the South. In the course of a long service in politics, I never voted for the issuing of rags and lampblack in any shape, manner, size, or form, and, so help me God, I never will.

J. SPEIGHT.

What sub-type of article is it?

Economic Policy Taxation

What keywords are associated?

Treasury Notes Tariff Economic Policy Senate Bill Mississippi Senator Democratic Criticism

What entities or persons were involved?

J. Speight Democratic Party Whigs Administration Senate Mississippi

Editorial Details

Primary Topic

Opposition To Treasury Notes And Tariff

Stance / Tone

Strongly Opposed To Issuing Treasury Notes And Critical Of Tariff Relief

Key Figures

J. Speight Democratic Party Whigs Administration Senate Mississippi

Key Arguments

Bill Passed Authorizing $10,000,000 In Treasury Notes Opposed To Converting Government Into A Shinnplaster Bank Constitution Authorizes Borrowing But Not Issuing Treasury Notes Government Should Raise Revenue By Borrowing Or Taxation Tariff Bill Offers Little Relief To The South Beyond Abolition Of Specifics And Minimums Never Voted For Issuing Rags And Lampblack

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