{"character_count": 2801, "word_count": 490, "ccnet_language_score": [0.9664000272750854], "ccnet_perplexity": [967.5999755859375], "fasttext_language": ["en"]}
REsUMPTIoN.-A gentleman ilom Aabana in- forms us that es the people afe coni ig very gener ally Co repndiale all b;na notes winch are not paya ble in specie demand. They have suffered by the depreciation of bank and by the failure of one bank after anoher and have been wIunged m so ma ny ways hy the banks, that they becoming deter mined m their resistance the father continuance oi the fraudulent system. Gold and silver are coming agan into circulation, for the people Will pafi with their property for nothing else. iewPrhate banks paying specie getting into operation, winch inr- nish sound paper currency; but they are not yet much known. From Georgia, and from Michigan, we have published the proceedings of public meetings repudatng the paper of suspended banks. From three States, therefore, we have learned that the principles of liberty, not regulation, are purifying the currency Another year of the uninterrupted opera ton of these pri cpes would probably restore sound o the currency in most of the States; and when so restored the currency would remain sound. The laws of nature cure evils, but legislative quackery plasiers them over, that the first time the patient takes cold, they break out again. If the people could the operations of nature for another year. the doctors would be compelled to throw away their pills, and allow the patients to get well.

 We should be please if some of the facts of the N. Y. Journal of Commerce, from which the above is taken were true its views are earnest. That we of Alabama have ''suiered by the depreciation of bank notes''is too true-but that the only currency which possess the State Bank currency is repudia ted b, the people It is with Appreciated State bank nothing-we have solvent inst- tutions, able to furnish sound currency subst- tute to which we can turn Our only two stock hanks located in this city have no circulation out oft As with the people, they deal exclusively with State bank paper As for the "God and Silver" which is "again coming into crculation'-we have noth- ing of it here. We see nothing but dimes and they pass eight for dollar.

 The people of Alabama, have the will to repudate rag money, and they beginning, we trust, to be convinced that the only mode of putting their will

 into practice is through their legislature. They feel that ths State bank system in it's present condi- tion of rredempon is blot upon the States charac- acter as we'll as an incubus upon it's prosperity. It is for the legislature to re-anmate or destroy the system-one of the two things must be done, or the evil will be perpetual. Ts effect this, the large bank debtors must be kept out of the legislature, as the representatives of the people, abama principles are sound; we trust that they will soon bear whole some fruits.

 |