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

We cannot consen, 10 class the following
neat little essay, which we copy from the ST.
yannah Mercury, "a new paper under the head
of light reading,' there is so much serious
truth in Tvs pleasantly. The editor has un-
doubtsdIy dissolved the true cause OF the lard
times which all classes and professions Of the
community so loudly Lament; ana for which e.
very one assigns a different reason. The mania
of speculation, produced by the almost unlim-
tied issues Of bank paper, gave a rise 10 the
produce Of the agricalturist, and consequently
10 property Of every description. The goioen
dreams Of prosperity shut out from the vision
The danger incident TO running in debt, and so
every oody ran h~eadlong into IL, satisfied and
convinced that 10 be in debt was to be In the
high road to fortune. But alas! paw day came
before they had Begun to ealize their splendid
dreams; and il became necessary TO make ruin
Gus sacri6, IS TO meet the demand. Produce
fell, add with il the price Of every Thing else;
and then il was 'hard times indeed.
Norfolk Herald.
sMoney nerer ,cds so scarce as IL is noW.'
We have heard this story repeated IN every va
ration oftone and emphasis, ever since We can
remember any thing; and conclude therefore,
that the fines have been gradually growing
worse from The days Of the golden age, (ifindred
there ever was such a time) down through eve
nv graduation, from bad 10 worse-ihe silver
age, the choppin age he leaden, The paper to
the-what shall we call the present?-Ihr Gre
diling, trusting, promising but never paving
age. Il never knew money so scarce says the
merchant; Il Can effect no sales, can't meet my
draft Il never knew money so scarce says
the .hopkeeper;' the country people won't buy,
/ can't meet my bank accounts money is
scarcer now than II ever was says the farmer;
Il can't sell my cotton for more than nine or ten
cents: I shan't be able to pay for the horses and
hogsI bought las, year. All agree that the
times are harder, and money scarcer than il
ever was; but in regard TO the causes which
have brought'about this state Of things, there
is more diversity of opinion. The politician
saws it's all owing 10 the internal Tariff; rants
abou; the unhoiy coalition, the unrighteous bar.
gain and sale, and the dangerous encroachnients
Of the General Governments on State Rights
The merchant talks about the balance Of trade,
prohibiting duties, and The fainess Of The cot
ton market. While a retailer Of Grindstones
and Beeswax, says il is all owing TO the stop
page Of the West India trade The doctor
thinks the public system has suffered from ne
pietion and excessive excavations, look. TO The
mercury and chews his own pills. The printer
SAYS the scarcity Of money is owing 10 his sub
scribers not paying in advance. And a neigh
Dor of ours who is fast drifting on a lee shore,
complains of the illiberslity and partiality Of
the banks, in discoun,ing paper. Another
thinks thar If the banks were more free in their
issues, the times would be much mended. But
q director Of one Of the local ins 'itutions, lays
all the evil at the door of the United States
Bank, a mon.trous machine says be; "a fit en-
CINE in the hands Of . despotie government; IFS