Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1828-06-16

DOCket-tnCS IOulN loouS w MY
this demonstrations corporation, this body
without, q soul, is enabled 10 force back the
bills as soon as issued, w~ickedly demanding
specie for the same. Thus constituting an IN
surmountable check on The local Banks, against
over issues In the up country, they have
still other notions, in regard to the hardness 81
the times. The good woman raising her spec,
,~acles, and charging her pipe, declares IT'S all
owing TO the Yankee Pedlars, who are rdmPaS
ing through The country with their notlohs
,phich then sell al half price. While nelsh0or
Truepenny is rather Jubus it's the lennesseanS
who are running the country with their mighty
drores of hogs and horses, and for which they
carry off all the peoples money. Indeed, eve
re one accounts for the hardness OF the tunes
and the scarcity of money i'll a way peculiar TO
himself Can it be thought presumptuous IN
US, then if we offer our own views on the sub
iec,! To make a long matter short, then, we
hazard The opinion, that all this great evil has
arisen from that little word, credit. A few days
ago. when cotton vas al 80 cents, when the
banks discounted freely, and a prime held hand
sold for a thousand dollars, the people became
intoxicated with the visions OF sudden wealth.
The planter who owned a thousand acres OF
lard, bought another upon a credit. The man
who own,d ten negroes, bought, ten more on
a credit. The good folks who were glad 10 VI
sit a neighbor, or the Westinghouse in an OK
cart, bought carriage and pair on a credit.
The ,hri, ing dame who before dressed herself,
her good man and children in homespun OF her
own manufacture, now bought broadcloths, *
silks; and muslins. and c~alicoes, and legborns,
on a credit. Those uere fine times, says the far
mer, his imagination warming at the recollec-
ton; we could obtain credit, to any extent! Gb.
rious times! echoes the shopkeePer, rubbing
his hands, we charged tWo hundred per cent
profit. Prosperous times, say the banks, we
had ten millions Of bills in circulation! But pay
day at length Came. The Banks were called
on for specie, they curtailed their business,
called upon the merchant for reductions and
discounts, the merchant pressed The shopkeep-
er, and the shopkeeper, the customer. Then
came the fall in the price Of cotton, the depre.
citation in value Of all kinds Of property. The
NAH who bought ten negroes on a credit, was
Obliged to sell twenty to pay the debt. And
the carriage was sold oy the Sheriff for the
purchase money, and The OK cart also, 10 make
up the deficiency. These were fine times, says
the Sheriff, | returned i've hundred writs at one
term! Glorious fines! echoes the Deputy, l ID
an hundred Ca'Sas in my pocket a, once! But
the ruin which followed these fine times, that
glorious era, has not opened the eyes of the pco-
pie, nor taught them moderation. They still
buy on a credit, whenever they can find d shop.
keeper, or negro trader, willing 10 trust. And
it is this hapkering after crediI, this disposition
to run in debt that has caused the presen, out
cry about money. There is as much money
in the country now as usual, and he who is not
in de bl, does no, feel The want Of il.
W. have Just read the address Of the Rev'd.
Mr.. MArFlr, delivered before the Boston Hi
bernian Relief Society, on the 9TH Of April,
1898. 1t is a beautiful composition. The ra-
pid bird's>eye view of the History of Ireland
has all the merit, but alas! none OF the charms,
Of Truth. The struggles, the overthrows, the
deep injuries OF Ireland, are touched in ligh, but
melancholy strains. The dark scenes Of blood,
the bold triumphs Of injustice, The ignominious
execution Of her best and bra,est sons in the
most sacred and holy Of causes, are deemed too
agonizing and heart appalling-too likely 10
rorse the hsrcest passions, and give birth 10
the deadlicst revenge. From them the Minis
ter Of the Gospel turns with a thrill of horror;
his eyes weep rivers of tears over the cruelty
and injustice OF the op2ressorssof lreland; blu!
as a servant Of the Prince of Peace, he keeps
down, even in his own heart, the burning words
which, while they would speak his own emo
lions, would enkindle still more powerful ones
in the Bosom Of his countrymen and hearers.
We pass from this melancholy theme; but
will do ourselves the grati6e alton 10 submit
the conclud Ihg page Of Mr.. Mafitt's address;
not BECAUSE i, is more beautiful, more true, o.
more eloquent, than other parts of the address;
hui because it is the concluding page. 1t will
thrill! other hearts ,han those which FIST bea,
on Erin's shores. .Dem. Press.
al row turn TO my countrymen Dear and
patriotic men; so strong has been your love of
liberty ,ha, you have sought the nynph on
these western shores. You could not find her
on the banks Of the swee, Shannon, the Bar
row, the More, the Bann, nor blythe Boyne wa
,e,s You could not find her in the deserted
hall, of Erin's ancient chieftains. The min.
s,r.ls are no more. You fed from your own
beloved lanc, and left beautiful domains, thai
should have been yours, In 'he hands Of the
foes to your liberty, and here in this free realm
you may torn associations Of friendship to-
wards Ireland that would bring upon YOU. were,
the jaundiced scowl Of powe-, but here the
amiable. the benevolent, The good are your
and the eyes Of beauty look more