Martinsburg gazette and public advertiser. [volume] (Martinsburg, Va. [W. Va.]) 1826-1833, 1828-06-26
Mtacellaueotte.

sLN& wv.
We canno, consent to class the fol
lowing neat little essay, which we
copy from the Savannah Mercury, Ia
new papsr) under the head of light
reading there is so much serious trntf,
IN its pleasantly The editor nas uu
doubtediy discovered the true cause of
the 'hard times which all classes AM
professions of the community so loud
ly lament; and for which every one
assigns different reason. The mania
OF speculation produced By the almost
unlimited issues of bank paper, gave
rise 10 the produce of the agricultural
list, and consequently TO property of
every description The golden dreams
OF prosperity shut out from the vision
The danger incident of running into
debt, and so every body ran headiong
into it, satisfied and convinced that to
be in debt was to be in the high road
to fortune. But alasl pay day. came
before they had begun to realize their
splendid dreams; and it became neces
sary to make rulnons sacrifices to meet
Che demand. Produce fell, and with
il the price of every thing else; and
then it was hard times indeed
Norfolk Her aid.
Money 1leuer q0dS so scarce as IL
IS '1ot0 We have heard this story
repeated in every variation of tone
and emphasis, ever since we can re
member any thing; and conclude
therefore, that The times have been
gradually growing worse from the
days of the golden age, IF indeed
there ever was such a time) down
through every graduation from bad tic
worse--the silver age, the chopin
1ge, the ,eaden, the paper, to the
what shall we cali the present the
crediting, trusting, promising bu ne
yer pay,nga never knew money
so scarce says the merchant; Il car
effect 70 sales, can't meet my draft
Il never knew money so scarce say,
The shopkeeper; the country people
won't buy, can't meet my bank &C
counts Money is scarcer now thar
ever il was, says the farmer; L CAM
sell my cotton for more than nine OF
ten cents; shan't be able to pay fol-
the horses and hogs | bought last year
All agree that the times are harder anC
money IS scarcer than it ever was: bu
IN regard to the causes which hav,
brought about this state OF things. il
more diversity of opinion. The poli
tlcian says it's all owing to the inferna
Tariff; rants about the unbolg cocli
taon, the unrlghieOus bargain and sale
and the dangerous encr0achments q
The General Government on Stat,
h'ghts. The merchant talks abou
the balance of trade, prohibiting du
ties, and the ttdtneSS of the cottor
market Wine retailer of Grind
stones and Bceswax, says it is all ow
ing to The stoppage OF the West Indi;
trade. Ihe doctor thinks the uublj,
system has suffered from depletion an,
excessive evacuations, looks At IN,
mercury and chews his own mills :
The printer says the scarcity of mo
ney is owing to his subscribers no
paying in advance. Aud nelghbo
OF ours who is fast drifting on a lie,
shore, complains of the illibera!ily ant
parilaIlty of the banks. in disconniin.
ing paper. Another thinks that if tn,
ranks were more free ntheir issues tn,
'iihes would be mach nended But
director OF one Of the local institutions
rays al the evil az the door of the u
hited States Bank, "a monstrous ma
chine says he; "a fit engine in thu
hands Of despotic government; it:
enormous power overawes the locaI
Ranks, and. Ike a Riohtmara nara.